Last week, I took a look at optimal tax rates, the top rates of income tax which economic research suggests would maximize revenue if implemented as policy. The research suggested that for every 1% higher the top rate of income tax rises, the rich report 0.25% less income. This suggested an optimal top rate of between 73 and 80%. Toward the end of that post, I suggested that it might be the case that even as the rich report lower earnings, the economy as a whole might operate more efficiently at those high rates, if the government is more effective at investment than the private sector. Today I’d like to look at some empirical data to see if there’s any historical basis for that claim. Continue reading “Tax Rates and Growth”
Author: Benjamin Studebaker
The Moral Irrelevance of the God Question
A while back, I wrote about the separation of moral philosophy and metaphysics. I argued in agreement with Dworkin that whether or not a moral claim is true does not rely on objective metaphysical blunt facts about the nature of the universe. It occurred to me today that this makes the entire debate between the new atheism of Dawkins, Hitchens, and the like and traditional religion irrelevant to questions of moral philosophy–the metaphysical debate about whether or not there is a deity and what that deity’s nature might be can have no bearing whatsoever on our moral theory.
Continue reading “The Moral Irrelevance of the God Question”
The Biasing Effects of Personal Experience
One of the most common assumptions around is the notion that the only way to truly understand something is to be part of it. It is said that the best way to learn about life is to live it. This idea has tremendous influence–it causes method actors to attempt to directly experience what their characters experience, it causes people to go on trips or to do things purely for “the experience”, and most importantly, it has tremendous influence over how people think about politics, both for the left and for the right. The left scolds well-off politicians, who are assumed to have no conception of what it means to be poor and to suffer. The right scolds young people and ivory tower academics for not directly experiencing the welfare systems they praise, or the private systems they denigrate. There is a kernel of truth in both criticisms, but that’s about it.
Continue reading “The Biasing Effects of Personal Experience”
Our Not-So-Secret Spying Program
If you’re in the United States and you haven’t been living under a rock, the big story right now is how the government has been secretly gathering information about your phone and internet activity! You have no privacy! The media has whipped up a hysteria–I’ve heard it openly referred to as a “secret phone-tapping program”. The trouble is, this version of the story is extremely misleading. The government has been open about this since the mid-2000’s. Information about it has been widely available, so much so that I can construct a timeline of how this program came about with relative ease.
The Value of Time
From time to time I am asked what I am going to do with my summers. Am I going to get a job? An internship? What productive, respectable use will I make of my time? The answer is no such use at all–I spend my summers enjoying myself. Why? Because time is valuable.
Benjamin Studebaker 