in order to compare a carbon tax to cap-and-trade, we must first describe what a negative externality is.
imagine a single unit of two products or services, X and Y.
i was recently reading the wikipedia article on optimal taxation theory, when i came across an assertion that land value taxes (LVT) have not zero deadweight loss, but actually negative deadweight loss.
a traditional short sell, or short for…short, you borrow an asset that you believe will decline in value, sell it, then buy it back before it’s due to be returned. for instance, suppose acme stock is at 2300 and you believe it will be at 2000 in one month. you borrow x shares and sell them. then you buy them…
ethics are an incredibly straightforward biological phenomenon. and yet, virtually no one understands what “ethics” means. this includes the vast majority of so-called moral philosophers. i want to take particular aim here at the effective altruism community (one of the worst offenders being william macaskill)…
the correct amount of subsidized housing (or “affordable” housing) is zero. there are a number of reasons for this, but here are the most clear and obvious.
imagine you could choose between the two following tax formulas.
10% * income — 4000
20% * income — 8000
if you make 40,000$ salary, both formulas are equivalent: you pay zero in tax. if you make more…
hypothecation
per wikipedia:
The hypothecation of a tax (also known as the earmarking of a tax) is the dedication of the revenue from a specific tax for a particular expenditure purpose…
Here’s my test for Marxists. Please define these terms, without looking anything up.
One of the central tenants of Marxism is that capitalists “exploit” workers by paying them less than the “full value” of their labor…
