tag:blogger.com,1999:blog-6671521.post7991481689337242944..comments2023-10-26T05:03:32.201+13:00Comments on BIG NEWS: Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6671521.post-31394270558714183362008-05-27T11:34:00.000+12:002008-05-27T11:34:00.000+12:00Fiscal drag is an artifact of any income tax syste...Fiscal drag is an artifact of any income tax system with tax rates based on specified dollar amounts of income. National benefited from it just as much as Labour - or any other government would. Trying to portray this as a left / right issue is incorrect and misleading. The answer would be to index tax brackets to rises in wage rates. But that is seen as inflationary. So NO government of ANY stripe does it.Steve Withershttps://www.blogger.com/profile/04221815213521767405noreply@blogger.com