Utopia, you are standing in it!

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Originally posted on Flip Chart Fairy Tales:
Research published earlier this week by the Social Market Foundation and Adecco Group concluded that many businesses will struggle to meet the cost of the National Living Wage (NLW). Without a significant productivity boost, many businesses will be forced to cut costs, which, almost inevitably, means cutting jobs. The trouble is,…

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Originally posted on Mostly Economics:
Caroline Freund and Sarah Oliver have this interesting paper on superrich across world regions: This working paper presents a new dataset on the sources of billionaire wealth and uses it to describe changes in extreme wealth in the United States, Europe, and other advanced countries. The data classify wealth as…

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It will be a slow train coming before the Morgan Foundation calls for a cut in the tobacco tax because the optimal Pigovian tax on it is already too high from the perspective of externalities or the burden on the public health budget. Source: Cigarette Taxation and the Social Consequences of Smoking | Heartland Institute. …

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