Highest income #tax rate among #OECD countries? Belgium with 42.8% statista.com/chart/3337/whe… http://t.co/RgaWxsGPzB—
Statista (@StatistaCharts) March 25, 2015
Who pays the highest income tax rate?
01 May 2015 Leave a comment
in politics - Australia, politics - New Zealand, politics - USA, public economics Tags: average tax rates, Marginal tax rates, vaccination and the labour supply
On the New Deal and the rule of law
01 May 2015 Leave a comment
in economic history, macroeconomics, monetary economics, politics - USA Tags: gold standard, New Deal, regime uncertainty, rule of law
The Left over Left is withering away
30 Apr 2015 Leave a comment
in politics - Australia, politics - New Zealand, politics - USA Tags: voter demographics
Richard Nixon’s public choice economics of the Vietnam anti-war movement
30 Apr 2015 Leave a comment
in labour economics, labour supply, occupational choice, politics - USA Tags: conscription, peace movements, Richard Nixon, Vietnam war
The Vietnam anti-war movement were primarily the result of the draft: hell no, we won’t go and the burning of draft cards. Richard Nixon was as cunning a rat who ever occupied the Oval Office. He was elected in 1968 to end the Vietnam war and to end the draft.
Nixon had an intuitive economic understanding that the anti-war movement’s rioting in the streets and campuses was very much motivated by private gain. In particular, the threat of being drafted. The notion that revolutions and political movements are motivated by private gain is not new.
Vietnamisation changed everything. In 1969, Nixon started the process of phasing down the sending of further combat troops to Vietnam and the phasing down of the draft. US troop withdrawal started on July 1st 1969 with completion dates – December 1970, June 1971 and December 1972.
By the beginning of 1972, over 400,000 U.S. military personnel had been withdrawn, virtually all combat troops. The protests were against ending up in the jungle – not up the rear with the gear. There were 24,000 US troops in Vietnam in 1972. This compares to 560,000+ in 1969.
A Vietnam vet told me that when he returned to his U.S. campus in 1971 for graduate studies, it was very quite compared to 1969 because the spectre of the draft had gone in their minds.

The anti-war movement was really motivated by hell no, we won’t go. As soon as the prospect of going to Vietnam faded away, so did the anti-war movement.
This is how fast America changed its mind on the biggest social issues
30 Apr 2015 Leave a comment
in economic history, economics of media and culture, economics of regulation, economics of religion, political change, politics - USA Tags: expressive voting, preference falsification
This is how fast America changed its mind on the biggest social issues bloom.bg/1DIk6PQ http://t.co/RjAiw0y2dV—
Bloomberg Business (@business) April 27, 2015
Democrat voters are turning against the idea of lower prices for ordinary families
29 Apr 2015 Leave a comment
in applied price theory, applied welfare economics, international economics, politics - USA, Public Choice, rentseeking Tags: antiforeign bias, expressive voting, rational ignorance, rational irrationality, voter demographics
As America inches towards a big trade deal with Asia, Obama faces a showdown with his party econ.st/1JJMJAE http://t.co/6qmt9GegWF—
The Economist (@EconBizFin) April 27, 2015
Partisan differences in preferred presidential traits
29 Apr 2015 Leave a comment
in politics - USA Tags: 2016 presidential election, voter demographics
@NZGreen hypocrisy on trade ties with Cuba and Saudi Arabia – J’accuse, J’accuse
29 Apr 2015 Leave a comment
in development economics, growth disasters, Marxist economics, politics - New Zealand
The Greens in Parliament yesterday were making great play of the fact that New Zealand is willing to conclude a trade agreement with Saudi Arabia, but not with ISIS, despite the fact that both behead people.
Watermelons have short memories, which is why they are so prone to political and moral hypocrisy as they manifested yesterday. The Greens have forgotten how keen they were last year about the improvements in trade and diplomatic ties of the USA with another totalitarian relic: Cuba.

A 2009 report by Human Rights Watch concluded that
Raúl Castro has kept Cuba’s repressive machinery firmly in place…since being handed power by his brother Fidel Castro …[s]cores of political prisoners arrested under Fidel continue to languish in prison, and Raúl has used draconian laws and sham trials to incarcerate scores more who have dared to exercise their fundamental rights.
Freedom House classifies Cuba as being “Not Free” and notes that
Cuba is the only country in the Americas that consistently makes Freedom House’s list of the Worst of the Worst: the World’s Most Repressive Societies for widespread abuses of political rights and civil liberties.
Noam Chomsky once said the former Soviet Union was a dungeon with social services. Saudi Arabia is a dungeon with better social services than the Cuban dungeon. Saudi per capita income exceeds $50,000; Cuban per capita income is 1/5 of that.
In common with ISIS, a gang of thugs took over Cuba by military force in 1958 in the name of their god. Castro and his cronies murdered tens of thousands of political opponents both straight away and through the years to establish and retain their authority.
Cuba President Raul #Castro ratified its support to Venezuela against U.S. sanctions Fri at May Day parade in #Havana http://t.co/yqyF4XvcIA—
People's Daily,China (@PDChina) May 02, 2015
In common with Saudi Arabia after its foundation as a unified kingdom after the First World War, Cuba has become a hereditary monarchy that rules with an iron fist. In common with Saudi Arabia, Cuba is a haven for terrorists and a sponsor of terrorism abroad to this day.
The Green foreign affairs spokesman even went so far as to defend Westphalian sovereignty and the right of national self-determination and not to have ideologies imposed on a country.

and

The Saudi and Cuban dictatorships could not have put it better. The Russian communist dictatorship did go on about democracies not interfering in their internal affairs too.
The Green foreign affairs spokesman was so dewy eyed about the Cuban healthcare system after going to Cuba as a guest of their so-called parliament that it would make Michael Moore blush.

I wonder if the Greens would be so welcoming of Saudi foreign aid to the Pacific island health systems? Whatever else you can say about Saudi Arabia, they do have an excellent healthcare systems and plenty of petrodollars.
Saudi Arabia and Cuba are dungeons with Saudi Arabia having much better social services. New Zealand trades with both.
An unnamed co-conspirator in this fawning at the jackboots of a dictator even went so far as to say Cuba had its problems rather than speak truth to power and call it for what it is: a totalitarian dictatorship.

As the Greens said repeatedly regarding UN trade sanctions on Iraq after the first Gulf war, the only people that lose by limiting that trade were the ordinary people of that country were already on the end of a pretty bad deal.

That principle set out by the Greens regarding the harm of trade sanctions on ordinary people applies to trade with Cuba and Saudi Arabia as well. A country with trade links is more to lose than a country that does not have them. The ruling elite rarely suffers from trade sanctions as Daniel Griswold observed:
Even if sanctions inflict some pain on the target country, they typically fail because of the nature of regimes most likely to become targets of sanctions. Human rights abuses tend to vary inversely with economic development. Governments that systematically deprive citizens of basic human rights typically intervene in daily economic life, resulting in underdeveloped and relatively closed economies. Such nations are the least sensitive to economic pressure. The autocratic nature of their governments also means that they are relatively insulated from any domestic discontent caused by sanctions. If anything, sanctions tend to concentrate economic power in the hands of the target government and reduce that of citizens.
The Greens cannot welcome trade and diplomatic links with one totalitarian country but not another. The Greens cannot oppose trade sanctions on Iraq because of the harm to ordinary people then call for limits on trade ties with Saudi Arabia without regard to the harm to ordinary Saudis. Trade sanctions do not work in any case as Rogoff noted:
As Hufbauer and Schott, among others, have illustrated, the effects of sanctions are often fairly disappointing – so much so that many scholars have concluded that such measures often are imposed so that governments can appear to domestic audiences to be “doing something.” Certainly, severe US sanctions on Cuba failed to bring the Castro regime to heel; indeed, President Barack Obama’s move to reestablish full diplomatic relations may have more effect.
What makes each of these dungeons horrible is their totalitarian dictatorships, not the particular God that motivates their tyranny.
Taxpayers in every country should get one of these charts
29 Apr 2015 Leave a comment
in income redistribution, politics - Australia, politics - New Zealand, politics - USA, Public Choice, public economics, rentseeking Tags: public sector transparency
Tax summary: here's another honest/informative version of @hmtreasury chart by @StrongerInNos that explains "welfare" http://t.co/SeH9FJIRWq—
Jonathan Portes (@jdportes) November 02, 2014
New Zealand does an excellent job in attracting skilled migrants
29 Apr 2015 Leave a comment
in human capital, labour economics, labour supply, politics - Australia, politics - New Zealand, politics - USA Tags: economics of immigration
Migrants (esp. new ones) to UK more likely to have tertiary education than migrants to Australia [OECD[ http://t.co/xfOSQmiCxd—
Jonathan Portes (@jdportes) March 05, 2015
Housing unaffordability in New Zealand, 1988–2013
29 Apr 2015 Leave a comment
in politics - New Zealand, urban economics Tags: housing affordability, land supply, RMA, zoning
There has been a steady decline in housing affordability in New Zealand. The position is critical of the bottom 20% of the income ladder with now four in 10 of them spending more than 30% of their disposable income on housing costs in relatively good economic times.
via Statistics New Zealand, New Zealand Social Indicators, Housing affordability.
Recoveries from recessions across the G-7
28 Apr 2015 Leave a comment
in business cycles, economic growth, Euro crisis, global financial crisis (GFC), great recession, macroeconomics, politics - USA Tags: British economy, Canada, Eurosclerosis, France, Germany, Italy, Japan, recoveries from recessions
UK recovery: stronger than Italy, weaker than US & Canada. http://t.co/C0TEsbzMm3—
Jonathan Portes (@jdportes) April 28, 2015
In another neoliberal victory, income taxes became more progressive in recent decades
28 Apr 2015 Leave a comment
in economic history, politics - USA, Public Choice, public economics Tags: conspiracy theories, Leftover Left, neoliberalism, taxation in the labour supply, top 1%
How much does each income group pay in taxes? bit.ly/1JHSCik by @aplundeen http://t.co/B66ynsUrkc—
Tax Foundation (@taxfoundation) April 14, 2015
The U.S. Income Tax system is progressive bit.ly/1FG9Usm by @aplundeen http://t.co/HXDWbvv1xy—
Tax Foundation (@taxfoundation) April 15, 2015

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