Fiscal incidence also produces regular estimates of the impact of government taxes and spending on household income. Fiscal incidence Fiscal incidence is a concept within public finance, a sub-discipline within economics, that refers to the combined overall economic impact of both government taxation and expenditures on the real economic income of individuals. While taxation reduces the economic well-being of individuals, government expenditures raise their economic well-being. Fiscal incidence is the term for the overall impact of government taxing and spending considered together. In theory, governments withdraw resources from society in the form of taxation, and contribute resources back into society in the
Living in the Material World (song) "like a car / Taking me both near and far". Author Ian Inglis regards this as an apt metaphor, since human bodies "are merely the vehicles that carry us on our journeys". Harrison refers to his years as a member of the Beatles. He names his former bandmates John Lennon, Paul McCartney and Ringo Starr in a verse that introduces a humorous aspect into the narrative: Inglis comments on Harrison's pun on the word "Richie", which can refer to the Beatles' financial success from 1963 onwards, in the sense of "riches", and to the improvements in musicianship brought about by