Tom Walker wrote:
> Roger Odisio wrote,
>
> > The clearest way to see the effect . . .
>
> The key word here is "effect". The illustration you gave, Roger, is not of
> a flat-rate reduction but of a lump-sum rebate. Under the circumstances, a
> lump-sum rebate _would_ be progressive in the strict sense that I
> use. Unfortunately, it doesn't illustrate the case we've been talking
> about.
An electricity price reduction is the same thing as a lump sum rebate in this
context; each has the same effect on disposable income. And a price
reduction/lump sum rebate is precisely what we *are* talking about. Gene
asked whether it was correct to claim that a reduction in electricity prices
would be progessive as to to income. I said yes, and I see you agree. Case
closed?
RO
