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Find the Flaw

Apparently, the “solution” to improved technology increasing the well-being of some Americans is to … “tax them.” For my Eco 108 students (because anyone more highly educated is likely to be duped) … what is the problem with his diagnosis, let alone his solution?

3 Responses to “Find the Flaw”

  1. Harry says:

    At risk of going first, since I am not a student in Econ 108, is that the flaw is in the understanding of human nature, which assumes people will remain ignorant and unskilled, and will sacrifice their freedom and the interests of their families for the man on the horse.

    Speaking of taxation, a good research paper would be about the effects of threatned increased capital gains taxes, which was a war whoop of Nancy Pelosi that intensified in February 2008, along with GWB’s acquiesence to the first stimulus. I know several corporate controllers, some in the building business, who clamped down on spending a nickel as that was going on. Everybody was running for the door. Extra credit for anyone who identifies this as the failed policies of the 2008 Bush/Pelosi administration.

    Your students have a lot of raw meat to chew.

    Speaking of raw meat, may I recommend Patrick Quinns light novel “Dog On It”? This is not for your students, who should be spending their waking hours studying.

  2. Gabe says:

    Hey Professor Rizzo,

    Thought you’d like to check this out, here what Joseph Stieglitz has been preaching on “The Myth of the Invisible Hand”.


  3. Kevin says:

    Well, I’m pretty washed-up over this summer and not really thinking too hard, but one thing I noticed is that there really aren’t as many “unskilled Americans” as the author would like to think. Over 1/3 of Americans are in Professional/Management positions
    In addition the tables above look at workers 16 and up – many of the lower-level field workers would be teenagers on summer jobs still living with parental support.

    There’s more to this than the simple lack of too many unskilled workers, but that would be an entire paper’s worth of arguments that I’m too lazy to write right now.

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