Celebrating humanity's flourishing through the spread of capitalism and the rule of law
02 Jun 2024 Leave a comment
in Public Choice, public economics Tags: taxation and investment, taxation and labour supply
When I think of the world’s most mistreated taxpayers, a few options come to mind. Cam Newton, the quarterback who faced a marginal tax rate of nearly 200 percent on his Super Bowl bonus. The 8,000 French households who had to surrender more than 100 percent of their income in 2012. The unfortunate Spanish laborer […]
A Primer on Marginal Tax Rates, Part IV: The Combined Burden of Levies on Income, Payroll, and Consumption
01 Jun 2024 Leave a comment
in constitutional political economy, income redistribution, law and economics, Public Choice, public economics Tags: constitutional law
“Democracy is on the ballot.” That mantra of President Joe Biden and other democrats has suggested that “this may be our last election” if the Republicans win in 2024. A few of us have noted that the Democrats seem more keen on claiming the mantle of the defenders of democracy than actually practicing. Democrats have […]
“Democracy is on the Ballot”: California Democrats Seek to Prevent Voters from Approving New Taxes
31 May 2024 Leave a comment
in economic history, economics of crime, economics of education, income redistribution, labour economics, law and economics, liberalism, Marxist economics, politics - New Zealand, poverty and inequality, property rights, Public Choice, public economics Tags: child abuse, child poverty, crime and punishment, family poverty, law and order
Article is by Chris Lynch and I have pinched this one from The BFD Blog. `ĀCT MP Karen Chhour has responded to the Maori Party’s “divisive outbursts.” Co-leader Rawiri Waititi said yesterday, ‘It’s now time for us to step comfortably into our rangatiratanga and to not give too much to this Pakeha Government with their […]
Karen Chhour Skewers The Maori Party
29 May 2024 Leave a comment
in applied price theory, applied welfare economics, development economics, econometerics, growth disasters, growth miracles, public economics
In a world with lots of problems and even more proposed policies to address each of these problems, it makes sense to study the possibilities–and then to prioritize policies with highest estimated ratio of benefits to costs. The Copenhagen Consensus think tank carried out this exercise and came up with 12 policies. A special issue…
Development Policies with the Best Benefit-Cost Ratios
28 May 2024 Leave a comment
in applied price theory, development economics, economic history, financial economics, growth disasters, growth miracles, income redistribution, macroeconomics, Public Choice, public economics, rentseeking Tags: India
I released my First Theorem of Government in 2015 and today I’m going to unveil the 17th iteration in the series. But I’ll confess upfront that I’m doing a bit of recycling. My latest Theorem is very similar to something I shared back in 2014. I decided to upgrade my 2014 column to a Theorem […]
India, Dependency, and the 17th Theorem of Government
21 May 2024 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economics of regulation, entrepreneurship, growth miracles, industrial organisation, managerial economics, organisational economics, public economics, survivor principle Tags: taxation and entrepreneurship, taxation and investment
QUESTION TO CLAUDE 3: The EU and China lag behind the US in economic dynamism, measured by start-up activity, number of unicorns, age of unicorns (younger indicates more rapid innovation), and in productivity growth. Can you document this and tell me why?ANSWER: Here is the data to document the economic dynamism gap between the US,…
Claude 3 on why the US leads China and the EU in economic dynamism
16 May 2024 Leave a comment
in economics of regulation, health economics, public economics Tags: economics of smoking
09 May 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic history, growth disasters, growth miracles, history of economic thought, income redistribution, industrial organisation, law and economics, property rights, Public Choice, public economics, rentseeking
Mancur Olson’s The Rise and Decline of Nations is one of my favorite books and a classic of public choice. Olson may well have won the Nobel prize had he not died young. He summarized his book in nine implications of which I will present four: 2. Stable societies with unchanged boundaries tend to accumulate […]
The Rise and Decline and Rise Again of Mancur Olson
07 May 2024 Leave a comment
in applied price theory, economic growth, economic history, entrepreneurship, human capital, income redistribution, industrial organisation, labour economics, labour supply, macroeconomics, Marxist economics, politics - USA, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, wealth tax
Everything you need to know about wealth taxation can be summarized in two sentences. The biggest problem with most tax systems is the pervasive tax bias against income that is saved and invested, which discourages the accumulation of capital that helps to finance future growth. Wealth taxes would dramatically increase the tax bias against saving […]
Dishonest Pimping for a Global Wealth-Tax Cartel
05 May 2024 Leave a comment
in economics of bureaucracy, energy economics, environmental economics, global warming, Public Choice, public economics, transport economics, urban economics Tags: land supply
If there isn’t enough power for the new homes, where’s the power for all the soon-to-be mandatory electric vehicles supposed to come from? Net zero policy by climate obsessives is busy degrading the entire power grid to an increasingly part-time system. This is just one of the knock-on effects. – – – Our inadequate electricity […]
Electricity barrier: net zero climate policy means the UK housing crisis is getting worse
04 May 2024 Leave a comment
in applied price theory, economics of bureaucracy, Economics of international refugee law, labour economics, labour supply, law and economics, Public Choice, public economics Tags: economics of migration, offsetting behavior, unintended consequences
Deiana, Maheshr,and Mastrobuoniand have recently published an analysis of the effects of Search and Rescue operations on migration from Africa to Europe.Nearly half a century ago, Sam Peltzman showed that, because mandatory seat-belts made driving safer, drivers tended to drive more recklessly, partially offsetting the increased safety. Similar effects occurred in the search and rescue…
The Peltzman Effect at Sea
24 Apr 2024 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, energy economics, environmental economics, global warming, Public Choice, public economics, transport economics, urban economics Tags: electric cars
In a fit of self-loathing, the European Union has begun to destroy the economic engine that pays its bills. Some of this is well known, but some is not, and it will astonish you.
The War On Cars
24 Apr 2024 Leave a comment
in economics of bureaucracy, Public Choice, public economics, theory of the firm, transport economics, urban economics
Today is Earth Day, a day in which we are supposed to celebrate environmentally friendly ideas such as public transit, high-density development, and electric vehicles. My report published last week revealed that the transit lobby has hijacked affordable housing funds so that, in many cities, most of those funds are … Continue reading →
A Look at the Wacky Transit Industry
23 Apr 2024 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, energy economics, environmental economics, global warming, growth disasters, growth miracles, health economics, history of economic thought, income redistribution, labour economics, law and economics, liberalism, macroeconomics, Marxist economics, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality, property rights, Public Choice, public economics, rentseeking Tags: anticapitalist mentality, capitalism and freedom
21 Apr 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of bureaucracy, income redistribution, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice, public economics Tags: constitutional law
If you think there is a move afoot by the radical Maori fringe of New Zealand society to create a parallel system of government to the one that we elect at our triennial elections, you aren’t wrong. Over the last few days we have seen calls from one or two Iwi for prior consultation with…
MICHAEL BASSETT: MAORI PUSH FOR PARALLEL GOVERNMENT STRUCTURES
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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