The fiscal illusion: is this why Owen Jones defends benefits for wealthy pensioners?

There are a number of theories about why government spending in developed countries has such a persistent upward tendency, only coming to a halt once the public has been so thoroughly milked that for most types of taxes, the peak of the Laffer curve comes within sight. But the most plausible ‘Occam’s razor’ style explanation is the fiscal illusion effect: the benefits of Big Government are tangible and concentrated; the costs are obscure and dispersed.

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Source: http://www.iea.org.uk/blog/the-fiscal-illusion-is-this-why-owen-jones-defends-benefits-for-wealthy-pensioners

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