This article is in specific rebuttal to a recent WaPo piece complaining that the Trump Tax Cuts aren’t going to work. I briefly review the claims in the article, the tax plan itself, and some general theory. I. The Claims in the Article “Why are businesses investing so little when profits are so high? … … Read more Why Tax Cuts are Great Even if They Don’t Improve X
This article argues that culture affects productivity and therefore income-maximizing immigrants will engage in autoacculturation, which is considered to be a preference for native values over values from the immigrant’s homeland. In contrast, threshold earners are expected to engage a lower degree of acculturation. If true, we should expect threshold earners to be more culturally … Read more Autoacculturation and Threshold Earning
Quote 1: “We have tentatively suggested that steep progressive taxation, by reducing the rate of wealth accumulation, has yet prevented the large fortunes to recover fully from these shock.” Income Inequality in the United States. Piketty and Saez. In my reading of this article, Piketty seems to do a great job of demonstrating the fact … Read more Income Inequality and Poverty
An argument for income equality has often been based on the moral argument for fairness called the Veil of Ignorance. Originally put forth by John Rawls, this argument holds that equality is fair because it is the social distribution we would find ideal if we were perfectly ignorant. Four General Disagreements I disagree in … Read more Contra the Veil of Ignorance
Today I read an article from a friend of mine entitled, “Minimum Wage Increase: The Debate Continues.” I thought to myself, “what an interesting title! I didn’t realize anyone still thought the minimum wage was a defensible policy.” The article argued that the price elasticity of demand for labor is near 0 and therefore increasing … Read more Is Minimum Wage Really Still Debated?
Bitcoin. Bitcoin can monetize anything that can hold text. Better yet, it can do so without revealing your identity and without charging fees! All you have to do is obtain a bitcoin “wallet.” These can be generated in various ways. For a basic wallet (ease of use, not intended to carry large amounts of money) … Read more How to Monetize Any Text Platform