A caller to Leighton Smith earlier this week talked about the 30:30:30:10 principle.
It's new to me but sounds entirely plausible.I am assuming he is talking about the population aged 15+
-30 percent relies on government benefits.
-30 percent relies on tax credits and effectively pay no tax.
-30 percent pays the tax that supports the first 30 percent.
-10 percent pays for the other big ticket items like health, education etc.
As the caller observed, the ratios might differ slightly over time and at various times.
Has anyone come across this before?
The caller was concerned about how far down the 10 percent could be whittled....
The benefit treadmill
2 hours ago