The United Kingdom's Western offshoots have done well economically: buff.ly/1KlVm4A #ukelection2015 #progress http://t.co/AOaojfToiO—
HumanProgress.org (@humanprogress) May 08, 2015
The British offshoots in the New World did well
23 May 2015 Leave a comment
in economic history, politics - Australia, politics - New Zealand, politics - USA Tags: European offshoots
Big business is getting bigger
22 May 2015 Leave a comment
If it seems like big business is getting bigger, it is: 53eig.ht/1L127cr http://t.co/OX9eSj01yc—
(@FiveThirtyEight) May 18, 2015
Another reason why Marco Rubio is my favourite to win the nomination
21 May 2015 1 Comment
in politics - USA Tags: 2016 presidential election
For Republicans, Jeb Bush is best known of the also has the highest unfavorable rating pewrsr.ch/1F0eZvZ http://t.co/IGBbeKpbyJ—
Pew Research Center (@pewresearch) May 19, 2015
Housing affordability breakthrough! The capital gains tax has been given its chance to fail
20 May 2015 Leave a comment
in comparative institutional analysis, politics - New Zealand, Public Choice Tags: capital gains tax, evidence-based policy, land supply, RMA, zoning
This week, the New Zealand government announced a special capital gains tax for investments in housing. Specifically, if a buyer sells the house within two years of buying it, and this house is not their home, the investor will be liable to income tax on any profit.
This solution also has been put forward by the left-wing political parties in New Zealand as their solution to the problem of restricted land supply in Auckland and other cities in New Zealand.
The introduction of a capital gains tax is a breakthrough for housing affordability. This solution of using a capital gains tax to dampen demand has been given its chance and it will fail.
Once a capital gains tax fails to make housing more affordable, political parties on the left and on the right can no longer put off confronting real solutions such as major reforms to the Resource Management Act (RMA) to loosen restrictions on the supply of land in the big cities in New Zealand and in particular in Auckland.
Sooner or later this temperature trend has to break
20 May 2015 1 Comment
in environmental economics, global warming, politics - Australia, politics - New Zealand, politics - USA Tags: climate alarmists, global warming
@ctvqp Harper. waaaay ahead of public opinion. Global Warming scam is over, Enviros/Journos flogging dead horse. http://t.co/STZxrsogFI—
Tea Leaf LaCampagne (@TillyLaCampagne) May 17, 2015
Hours worked per worker varies greatly across industrialised countries
20 May 2015 Leave a comment
Monday morning blues? Compare the avg number of #working hours in yr country per year. More: bit.ly/1JPVYQu http://t.co/r5MsELJr1n—
(@OECD) April 19, 2015
Families with single mothers face the greatest risk of falling into deep poverty
20 May 2015 1 Comment
American families with single mothers face the greatest risk of falling into deep poverty: brook.gs/1IVXiTo http://t.co/dwLcQzvHkh—
Brookings (@BrookingsInst) May 13, 2015
US and Canadian real GDP per capita as a percentage of British GDP per capita, 1800–2010
19 May 2015 Leave a comment
in economic growth, economic history, macroeconomics, politics - USA Tags: British economy, Canada, convergence
Figure 1: US and Canadian real GDP per capita are as percentage of British GDP per capita (1990 Int. GK$PPP), 1800 – 2010
Source: The Maddison-Project, http://www.ggdc.net/maddison/maddison-project/home.htm 2013 version.
There are no Liberal Republicans and Conservative Democrats any more
19 May 2015 2 Comments
in income redistribution, politics - USA, Public Choice, rentseeking Tags: political polarisation
Entrepreneurial alertness alert: Las Vegas advertised itself as a place to watch the nearby nuke tests
19 May 2015 Leave a comment
in economic history, entrepreneurship, politics - USA Tags: atomic bomb tests, entrepreneurial alertness, Las Vegas
Back in the 1950s, Las Vegas advertised itself as a place to watch the nearby nuke tests. Bring the whole family! http://t.co/zMrCdskYLk—
Weird History (@weird_hist) December 06, 2014
New Zealand’s Experience with Territorial Taxation | Tax Foundation
18 May 2015 Leave a comment
in politics - New Zealand, politics - USA, public economics Tags: company tax, endogenous growth theory, foreign direct investment, lost decades
New Zealand is one of only two developed countries, the other being Finland, that switched from a territorial tax system to a worldwide system.Both eventually returned to a territorial tax system for competitiveness reasons. New Zealand went one step further in their experiment with worldwide taxation by ending deferral.
This resulted in a twenty year stagnation in foreign investment at a time when foreign investment was growing dramatically in the rest of the developed world.
This coincided with an economic decline in New Zealand relative to Australia and the rest of the developed world. Because foreign investment is key to accessing the world’s consumers, it is not surprising that less foreign investment translated to less economic prosperity at home.
The New Zealand experience shows that ending or limiting deferral in the United States, as President Obama and others have proposed, would likely have severe economic downsides. Instead, as New Zealand eventually did in 2009, the U.S. should implement a territorial system that exempts foreign earnings.
via New Zealand’s Experience with Territorial Taxation | Tax Foundation.
Working age populations of Australia, New Zealand and Japan
18 May 2015 Leave a comment
in labour economics, labour supply, politics - New Zealand, politics - USA Tags: ageing society, Australia, Japan, labour demographics, New Zealand
HT: OECD
A Decade-long Increase in Political Independents
17 May 2015 Leave a comment
in politics - USA Tags: swinging voters
Recent Comments