David Burbage’s weblog

Politics in the Royal Borough of Windsor & Maidenhead

  • About David Burbage

    David Burbage MBE was Leader of the Royal Borough of Windsor and Maidenhead Council from 2007-2016. This blog : Promoted by Geoff Hill on behalf of David Burbage and all other Windsor and Maidenhead Conservative candidates, all of 2 Castle End Farm, Ruscombe, Berkshire RG10 9XQ
  • Meta

Office of Budget Responsibility rather loose with terminology

Posted by davidburbage on August 14, 2012

Here, Robert Chote repeatedly says (in the second minute) that we either need spending cuts or tax rises. He appears not to be familiar with the widely understood principle of diminishing returns – ever increasing taxes actually reduces revenue, not increases them as people find ways to avoid tax (such as by moving away or deciding not to earn more such that tax rates are too punitive).


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: