Inflation & Taxes
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Thomas Sowell, Social Justice Fallacies
“We might agree that ‘equal chances for all’ would be desirable. But that in no way guarantees that we have either the knowledge or the power required to make that goal attainable.” ~Gary M. Galles
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Wishful (Protectionist) Thinking
“Specialization and productivity increase when the market’s size extends across national borders. But tariffs reduce the extent of the market and thereby reduce specialization.” ~Paul Mueller
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Taxation as Social Justice
“The goal is not to raise revenue so we can support the poor; instead, the US is pursuing the simpler goal of eliminating private concentrations of wealth.” ~Michael Munger
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Thinking Harder about “Special” Benefits
“To the extent we believe in giving government assistance to those with incomes, we should trust them to love themselves and their families more than the government does and give them that aid in cash.” ~Gary Galles
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Orangeopia
“Perhaps an Orangeopian union or minimum wage can at least decrease income inequality, or maybe even increase the per capita standard of living?” ~Bruce Rottman
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State Development Incentives: Taxes, Investment, and Tullock Auctions
“State ‘incentive’ packages do more than pay companies the difference in costs. Politicians have every reason to pay up to, and beyond, the entire economic benefit to the state, because their calculus counts costs as benefits.” ~ Michael Munger
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The Floor System Fails
“During normal times, when inflation is low and stable, the floor system increases the burden on taxpayers. The burden is even larger when inflation is high, as it has been over the past two years.” ~ Louis Rouanet
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The Costly Late Arrival of FedNow
“Policy makers should ensure that the US payment landscape is efficient, accessible, and beneficial for all stakeholders involved with as little government involvement as possible.” ~ Nicolas Cachanosky
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Crowdfund the Coliseum
“It’s an updated form of participatory democracy, with citizens ‘voting’ with their dollars. The fundamental difference lies in choice, as people aren’t taxed forcibly but choose to back a project or refrain.” ~ Max Borders
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State Development Incentives: The Only Solution is Not to Play
“The incentives of politicians and the goals of citizens can diverge, and nowhere is that divergence more obvious than in the case of targeted, private benefits to specific corporations paid for at public expense.” ~ Michael Munger
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Thomas Sowell, Social Justice Fallacies
“We might agree that ‘equal chances for all’ would be desirable. But that in no way guarantees that we have either the knowledge or the power required to make that goal attainable.” ~Gary M. Galles
-
•
Wishful (Protectionist) Thinking
“Specialization and productivity increase when the market’s size extends across national borders. But tariffs reduce the extent of the market and thereby reduce specialization.” ~Paul Mueller
-
•
Taxation as Social Justice
“The goal is not to raise revenue so we can support the poor; instead, the US is pursuing the simpler goal of eliminating private concentrations of wealth.” ~Michael Munger
-
•
Thinking Harder about “Special” Benefits
“To the extent we believe in giving government assistance to those with incomes, we should trust them to love themselves and their families more than the government does and give them that aid in cash.” ~Gary Galles
-
•
Orangeopia
“Perhaps an Orangeopian union or minimum wage can at least decrease income inequality, or maybe even increase the per capita standard of living?” ~Bruce Rottman
-
•
State Development Incentives: Taxes, Investment, and Tullock Auctions
“State ‘incentive’ packages do more than pay companies the difference in costs. Politicians have every reason to pay up to, and beyond, the entire economic benefit to the state, because their calculus counts costs as benefits.” ~ Michael Munger
-
•
The Floor System Fails
“During normal times, when inflation is low and stable, the floor system increases the burden on taxpayers. The burden is even larger when inflation is high, as it has been over the past two years.” ~ Louis Rouanet
-
•
The Costly Late Arrival of FedNow
“Policy makers should ensure that the US payment landscape is efficient, accessible, and beneficial for all stakeholders involved with as little government involvement as possible.” ~ Nicolas Cachanosky
-
•
Crowdfund the Coliseum
“It’s an updated form of participatory democracy, with citizens ‘voting’ with their dollars. The fundamental difference lies in choice, as people aren’t taxed forcibly but choose to back a project or refrain.” ~ Max Borders
-
•
State Development Incentives: The Only Solution is Not to Play
“The incentives of politicians and the goals of citizens can diverge, and nowhere is that divergence more obvious than in the case of targeted, private benefits to specific corporations paid for at public expense.” ~ Michael Munger