Source: Earnings and wages – Gender wage gap – OECD Data.
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
13 Apr 2016 Leave a comment
in discrimination, economic history, gender, human capital, labour economics, labour supply, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality Tags: Australia, British economy, gender wage gap
09 Apr 2016 Leave a comment
in discrimination, economics of crime, law and economics, politics - USA, poverty and inequality Tags: 2016 presidential election, Bill Clinton, crime and punishment, law and order, police shootings, street gangs
06 Apr 2016 Leave a comment
in econometerics, labour economics, labour supply, minimum wage, politics - New Zealand, politics - USA, poverty and inequality Tags: living wage, The fatal conceit, The pretence the knowledge
03 Apr 2016 Leave a comment
in applied welfare economics, labour economics, labour supply, politics - New Zealand, poverty and inequality, welfare reform Tags: expressive voting, New Zealand Labour Party, rational irrationality, universal basic income
The Universal Basic Income of $11,000 per adult proposed by the Morgan Foundation and floated as a idea to consider by the New Zealand Labour Party leaves the poor way below even that the stingy as the poverty line switch is that 50% relative poverty line. Little wonder that the Labour Party said that increasing the Universal Basic Income to avoid leaving current beneficiaries worth off would lead to a very high tax rate.
Source: A Universal Basic Income may be a good idea – but we will still need social security that works.
01 Apr 2016 Leave a comment
in economics, income redistribution, labour economics, labour supply, politics - New Zealand, poverty and inequality, Public Choice, public economics, welfare reform Tags: universal basic income
30 Mar 2016 1 Comment
in labour economics, labour supply, politics - New Zealand, poverty and inequality, welfare reform Tags: flat rate tax, New Zealand Labour Party, top tax rate, universal basic income
Labor Party finance spokesman Grant Robertson yesterday ruled out an income rate tax of 50% to fund a Universal Basic Income. Labour is considering a Universal Basic Income. It released a background paper for that purpose as part of its Future of Work Commission.
Source: Taxpayers’ Union rubbishes Universal Basic Income idea | Stuff.co.nz.
Questions arise as to how the Labour Party will fund its Universal Basic Income after ruling out a tax rate of 50%. As Brain Easton said:
Many advocates put the UMI forward without doing the sums. Those who do find that the required tax rates are horrendous or the minimum income is so low that it is not a viable means of eliminating poverty. Among the latter are New Zealanders Douglas, Gareth Morgan and Keith Rankin.
The Labour Party’s background paper already has said that the Universal Basic Income proposed by the Morgan Foundation is insufficient because many beneficiaries and all retirees will be much worse off. They receive much more in income support under the existing welfare state and they would under a Universal Basic Income of $11,000 per adult as proposed by the Morgan Foundation.
The solution proposed by the Labour Party is a supplemental income transfers to ensure no one is worse under a Universal Basic Income. This will greatly increase the cost of a Universal Basic income in comparison to the Morgan Foundation proposals.
https://twitter.com/grantrobertson1/status/711758860659240960
A series of questions come to mind that the Labour Party and its finance spokesman Grant Robinson must answer if they are to go anywhere with a Universal Basic Income;
Source: How we pay for a universal basic income – Whiteboard Wednesday.It would have been my first point
26 Mar 2016 Leave a comment
in applied welfare economics, economic history, economics of media and culture, politics - USA, poverty and inequality, technological progress

26 Mar 2016 Leave a comment
in applied welfare economics, economic history, entrepreneurship, human capital, labour economics, poverty and inequality Tags: entrepreneurial alertness, superstar wages, superstars, top 0.1%, top 1%
Piketty and Saez (2003, updated) estimated the share of income held by the top 1% from 13 percent in 1991 to 23 percent in 2012. The new Bricker et al. research shows only a 7 percentage point increase to 18 percent in 2012. The share held by the super-rich, the top 0.1% has increased much at all.
Source: Measuring income and wealth at the top using administrative and survey data via How super-rich Americans get that way is changing – AEI | Pethokoukis Blog » AEIdeas.
Source: Measuring income and wealth at the top using administrative and survey data via How super-rich Americans get that way is changing – AEI | Pethokoukis Blog » AEIdeas.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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