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Paul Johnson

πŸ‘€ Speaker
287 total appearances

Appearances Over Time

Podcast Appearances

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

Now, it could start to measure that.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

But then how do you stop someone saying, well, I've got 35-hour normal working week, but for 40 weeks a year or 30 weeks a year, I'm working five or 10 hours.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

as opposed to being a standard 40-hour working week.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

I mean, what happened is there's been a reduction in tax on something called overtime, but incredibly difficult to implement on real tax.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

Over time, one of the things I'm often and sort of researchers and economists are often accused of coming up with tax policy, which looks good on paper, but which wouldn't work in practice.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

And I think this is one of those things.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

I can see the point on paper, but I really can't see how it would work in practice.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

So that's not a principled argument against it.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

It's really sort of questioning whether it could work without creating masses of tax avoidance and evasion.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

As I say, I mean, this is obviously not something designed to increase the size of the workforce.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

It's designed to give more work to people who've already got work.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

But the net impact is we're producing more as a country.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

Well, again, and sorry to be sort of, you know, nerdy about this, that depends whether this additional overtime is replacing other people who might otherwise have had a job or whether it's genuinely additional.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

What would one do?

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

Well, there are evidently no completely straightforward answers.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

Otherwise, you know, someone would have done well.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

So you need to look at all sorts of things.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

I mean, you're talking in terms of tax and benefit systems.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

So let's stick to that.

The Rest Is Money
282. Are politicians living in a tax-and-spend dream world?

For the moment, there's clearly, whatever the government says, a problem with our disability benefit system, which is still seeing very large numbers of people coming into the system, most of whom are not in work.