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

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トップ新着論争中古い順Q&A

[–]Litmus2336Keynesian from Austria 4ポイント5ポイント  (1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.

[–]CutlasssI am the Lord your Gold 0ポイント1ポイント  (0子コメント)

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.

Yes. All those tax deductions really screw up the system, both on the economic and the political end.

[–]pimphandofthrawn 3ポイント4ポイント  (3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  (1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?

[–]ivansmlhotshot with a theory 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

Don't know about UK, but eastern Europe will likely fold as soon as western countries become serious about their threat of limiting transfers to new member states. What's a few thousand refugees compared to the continuing option of suckling billions from the motherly tits of Structural and Cohesion Fund? No choice at all (especially for the local oligarchs that politicians really listen to).

Well, maybe except for Hungary and Orban. That guy seems genuinely intent on going full 19th-century retard and bringing the whole country with him.

[–]usrname42There is no God but Keynes, and Krugman is his prophet 1ポイント2ポイント  (9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  (1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

[–]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)

In total, you correctly answered 13/18 (72.22%) 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.

...

You correctly answered:

0 out of 2 crime questions

7 out of 8 economy questions

5 out of 6 environment questions

1 out of 2 immigration questions

Got the market cap question wrong, emissions question wrong, death penalty is shrug.jpg, conceal carry is shrug.gif (I figured reduces, but I am not even sure how many crimes are committed by people with conceal carry licenses), and I figured the US wasn't the top destination by a landslide but apparently it is.

On a scale of 0-100%, your total political bias was 0%.

EAT IT BESTY!!!! Proof. Also report.

[–]Llan79 1ポイント2ポイント  (1子コメント)

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

[–]CutlasssI am the Lord your Gold 0ポイント1ポイント  (0子コメント)

Why? Seems obvious it would be.

[–]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

[–]BreaktheChains 0ポイント1ポイント  (0子コメント)

14/18 (99th percentile)

0% bias

[–]Kelsig 0ポイント1ポイント  (0子コメント)

I got 15/18 even though I'm incredibly biased...lol

[–]lionmoosebaddemography 0ポイント1ポイント  (0子コメント)

10/18 (that's OK for a non-American right?).

0% bias, which left me BLUE.

[–]Polisskolan2 0ポイント1ポイント  (0子コメント)

13/18

0% bias

[–]ThereIsReallyNoPunNot-so-dismal scientist 1ポイント2ポイント  (1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?

[–]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)

Here is a CEPR[1] paper that makes that conclusion.

I mean, it's the CEPR. Would you like me to link you a Mises.org article about the wonders of free trade? Or, less flippantly, the AEI?

[–]SubotanEcon-senpai~~ 0ポイント1ポイント  (1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

[–]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 posted this to /r/economics! I would like to see the EITC be expanded to people without children and single individuals, and the EITC to happen instantly and not every April 15th or whatever.