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Category Archive for 'incentives'

Taxing the “Rich”

Since 2006, as my real income has fallen by 25%: I have paid about $45,000 in property taxes to our local communities and school districts I have paid over $50,000 in state income taxes I have paid over $110,000 in federal income taxes I have paid over (via not just my share, but the real incidence) $200,000 […]

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Suppose you are worried that some particular activity threatens the water that you rely upon. In many cases, since there are so many possible polluters invading “our” water resources and since there are so many people who use a water source, the idea of arranging contracts between polluters and pollutees to get an optimum amount […]

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In the news earlier this week was the release of the IPCC Synthesis Report. The newsworthiness of the release is rather hilarious given that it is simply a synthesis of reports that the IPCC has been releasing over the past year. This is a great boon to the news industry – since they get to […]

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That would be people like my wife who continue to work. Here is how her income is taxed: Federal tax rate of 28% (her wage puts us in this bracket) State tax rate of 6.5% Social security – her “share is 7.65%, her employer pays 7.65%, but since we know that the incidence of this […]

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Good economics recognizes that we do not produce merely for the sake of production, hobbies notwithstanding. In other words, the sole end of all production is consumption. The reason I am in here long before the break of dawn is not really because I particularly love combing through the NBER Working Papers, or that I […]

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Math Help

Suppose a football team faces a third down and 5 yards to go situation. Suppose that the team REALLY needs to make a first down (and that they always punt on 4th down no matter what). Suppose their coaches love statistics. In deciding whether to execute a running play or passing play they look back […]

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On Sunday we asserted here that there has not been much innovation in “roads” over the past four decades or so. The post provoked some interesting responses so I thought it made sense to revisit the topic. The focus was on innovation on not generally on the history of road provision, the “publicness” of roads, […]

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Obese people have a hard time regulating their own behavior. If there is a bag of M&Ms lying around the house, rest assured they will take a handful each time they walk by. Obese people have low levels of energy. Though it is well known that regular exercise will improve health and energy levels, they […]

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I assume some will find this in bad taste in light of last week’s tragedies in Boston. But just in case anyone was paying attention, we’re closing in on a dozen years since the WTC was destroyed and it’s rebuild is still not complete yet, so I find it hard to read notes that New […]

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I usually hate infographics and here is another one just littered with reasons to go crazy. But focus only on the very bottom: The changes Brill suggests would allow the US to provide better care at lower costs without substituting the kind of government-provider system typical in comparison countries. Holy smokes. This is the previous […]

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