Left Outside

Class war and misleading graphs from ConservativeHome

Well the budget is out and Tim Montgomerie helpfully provides this graph showing that those with the broadest shoulders are baring the greatest burden.Screen shot 2010-06-22 at 15.02.45

Or are they?

His second graph (added an hour later in an update) shows the impact of the budget as a percentage of income and it paints a somewhat different picture.

Both graphs together tell many stories.

We are shown the dreadful impact VAT is going to have on the poorest, even with all the exemptions they are still going to feel the biggest burden because of it.

We are shown that the Tories are not afraid to offer the very richest the largesse of Government, they are suffering relatively little.

About our society, the difference in the absolute figures and relative figures shows us how unequal we are.

About Tim Montgomerie?

Well his preference for the first graph shows he is both an excellent propagandist for the wealthy [1] and someone who doesn’t understand poverty. A graph that shows poor people can’t pay much for something, and the wealthy can, isn’t exactly demonstrative of much that isn’t obvious, if you know what to look for in the first place.

[1] For those who can’t see the venom dripping from their screen, this is not a complement.


Sadly, I don’t have much time to analyse the budget. I stick with my original position as outlined in the below posts.

Dave, Nick and George: Crushers of optimism, enemies of business

Paul Krugman is angry

This country doesn’t have an overdraft you twat

I hope I’m wrong, but I don’t think I am. George is going to tank the economy, and while I don’t think we are destined for a double dip we are going to be in a worse state than we needed to be for sometime. Perhaps we’ll see some more activism from the Central Bank to offset some of this, but I’m not holding my breath.

Time to get your barricades polished.

File:Eugène Delacroix - La liberté guidant le peuple.jpg

Filed under: Blogging, Economics, Politics

When NGDP is Depressed, Employment is Depressed

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Paul Sagar

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