On who bears the burden of benefit cuts

Posted by Christie Malry on January 6, 2013 at 4:09 pm

The Guardian pronounces:

Under George Osborne's benefit cuts, it's the strivers who suffer most

Well, duh. Because it's strivers who get benefits. The rich don't get benefits, so benefit cuts don't hurt them. This is particularly true now that child benefit is withdrawn from households with someone who earns above £50,000 per year.

A proper analysis would require you to consider the impact of tax increases too. And, by Jove, here's one the Treasury did earlier.

Impact of benefit cuts and tax increases by decile

Oh. Looks like the rich bear the burden, not strivers.

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