Badge of honour: blocked by Morgan on Twitter and now Facebook @top_nz

Cannot comment on Gareth Morgan’s Facebook page anymore. Can’t handle the truth. I wrote an extensive critique of his universal basic income but he does not want to discuss the evidence or the logical flaws of his policy proposal. The only people who lose out from his universal basic income are those for whom the modern welfare state was founded to protect.

What set Gareth Morgan off on his Facebook page was when I commented pointing out that the optimal rate of tax on income from capital to zero. All I said was “optimal tax theory including that pioneered by Stiglitz and Merrlees, economists of impeccable left-wing credentials, show that taxes on the income from capital should be low because the deadweight social costs of taxes on capital are very high”. His response was anti-intellectualism.

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