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BadEconomics Discussion Thread, 11 September 2015 (self.badeconomics)

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[–]Litmus2336Keynesian from Austria 2ポイント3ポイント  (0子コメント)

I'm still trying to come up with a system in which negative income tax would be able to exist with open borders without denying immigrants access to the system for x amount of years. Still no clue how they can coexist without odd restrictions but it like to think of a way.

I'm also trying to decide if we should just abolish tax deductions other than a few things like kids. Anything else seems to exploitable or regressive.

[–]pimphandofthrawn 2ポイント3ポイント  (2子コメント)

Thoughts on Merkel's 800,000 refugee plan? Where do you all see the Eurozone in 5 years? I'm betting eastern Europe and the UK will just ignore the quotas and the EU will lurch to its next crisis in 9 months or so.

[–]Llan79 1ポイント2ポイント  (0子コメント)

The UK isn't involved in the quota plan. It's taking 20,000 over 5 years, but it's taking them from camps in Lebanon.

[–]wumbotarianmodeled as if Noah Smith was a can opener 0ポイント1ポイント  (0子コメント)

I'm betting eastern Europe and the UK will just ignore the quotas and the EU will lurch to its next crisis in 9 months or so.

Why?

[–]usrname42There is no God but Keynes, and Krugman is his prophet 2ポイント3ポイント  (3子コメント)

There's a test on how politically biased you are here (focused on the US). I'd expect people on here to get lower scores than most (as in the score for how biased you are, not the score for how many questions you get right). What do you get?

[–]besttrousers"Then again, I have pegged you for a Neoclassical/Austrian." 1ポイント2ポイント  (0子コメント)

In total, you correctly answered 14/18 (77.78%) of the political knowledge questions. 80% of people correctly answer between 4 and 9 questions; 6 is the average. Your score is higher than 99% of test takers.

On a scale of 0-100%, your total political bias was 5.56%. Your score suggests you are less biased than about 75% of other test takers. 50% of people get a score between 23% and 58%. The average score is 40.82%.

Report

[–]Llan79 1ポイント2ポイント  (0子コメント)

10/18. I was surprised that US carbon dioxide emissions are so much higher per capita than EU countries.

[–]ThereIsReallyNoPunNot-so-dismal scientist 0ポイント1ポイント  (0子コメント)

11/18 (95th percentile)

11.11% biased

[–]SubotanEcon-senpai~~ 0ポイント1ポイント  (0子コメント)

Thoughts on Oren Cass' wage subsidy plan? I love me some working tax credits, and I'm unsure if this plan is all that practical.

See also Vox: http://www.vox.com/2015/8/25/9206571/wage-subsidies-poverty-rubio

[–]ThereIsReallyNoPunNot-so-dismal scientist 0ポイント1ポイント  (0子コメント)

So I have a few random questions.

  • I see almost nothing but praise on BE for NAFTA, and mostly criticism from reddit at large. But both seem to focus on effects to the US labor market. What about the mexican labor market? I've heard people say that it had a disastrous effect on Mexican farmers, because cheap US-subsidized corn flooded into Mexican markets, pricing most mexican corn-farmers out. This, combined with factories poisoning the environment, leads some to say NAFTA has been mostly bad for mexico. Are these accusations accurate? Here is a CEPR paper that makes that conclusion.

  • How does the EITC work? Do earners get a rebate on their taxes once a year? People treat cash from sudden windfalls differently than their permanent income- does that have an effect on the EITC's ability to raise standards of living?

  • Would there be any negative effects of a big increase in low interest (3%, preferably lower) federal student loans? Would this be a desirable policy?

  • I've heard ideas floated around about a tuition rebate, or tax exemption, for students who go on to become teachers. Is this a cost-efficient way of increasing teaching quality? What about just increasing teacher pay at public schools?