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Comment by manarth | Hacker News Reader

  and raising personal allowances so as to boost the salaries of the lowest earners by an average of 7 percent

So the plan is to cut the taxes of high-earners, as well as improving the tax-free allowance for everyone…

Without increasing other taxes, or reducing spending?

Where's the extra money coming from?

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From creating jobs, taking people off welfare and making them pair their taxes, albeit reduced.

>Where's the extra money coming from?

Assuming that's true, by ramping up public borrowing (most likely), increased tax receipts from increased employment (less likely) or seigniorage (least likely).

Regarding the personal allowance increase, I'm sad that the article glossed over this. I was really impressed that it was a tax cut for both the top bracket and "everyone". I wonder how the Danes would react if it was only an increase to the allowance, without the top bracket cut?

Magical thinking.

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