We are developing the social individualist meta-context for the future. From the very serious to the extremely frivolous... lets see what is on the mind of the Samizdata people.

Samizdata, derived from Samizdat /n. - a system of clandestine publication of banned literature in the USSR [Russ.,= self-publishing house]

Samizdata quote of the day – If only politicians understood…

The issue here is that taxes upon employment income end up being paid by the workers, not the employer. It’s wholly standard analysis that this is so, that the incidence of things like national insurance, social security, is on wages, not upon corporate profits.

Thus that entire £3.5 billion is a rise in taxation upon the wages of the workers. That’s just the way it works out.

If our rulers knew this and decided to do it anyway then I’d at least admire their sneakiness. But what worries me rather more is that peeps like Our Ange will be believing that the £3 billion does in fact come from the employers. You know, that they’re simply ignorant.

Tim Worstall

1 comment to Samizdata quote of the day – If only politicians understood…

  • Snorri Godhi

    Apologies for starting with an off-topic comment, but this is just too good not to share right now. And i do not know where else to post it.
    (Via Instapundit.)

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