Assorted links

1. Bob Frank lectures at Google

2. The Guardian reviews Discover Your Inner Economist, here; I liked the part when he called it "extraordinary."

3. Markets in everything: wedding apparel, never worn, via Henry Farrell.

4. Why Roberto Bolaño matters

5. What’s wrong with the fair tax? — Addendum: Bartlett’s piecei s now ungated here.


I find polemic fair-tax proponents like Boortz and polemic fair-tax opponents like Bartlett equally insufferable. Yes, the proponents are spinning for their cause when they advertise the inclusive rate. But the opponents are equally spinning for theirs when they pounce on this fact as if it were outright fraud. An honest commentator would call out the distinction and make clear that there are good reasons for citing the exclusive rate (because that is how sales taxes are usually expressed) and for citing the inclusive rate (because that is what can be directly compared to an income tax rate).

Prices will be relatively unchanged since the embedded taxes will be taken out, not to mention the fact that my paycheck will go up by 30%. His housing argument is also weak. Assuming people decide not to build as many new houses due to the tax, the prices of existing homes will increase and consumption will shift to a different industry. The composition of the economy will change, but growth won't be affected.

I don't like the "fair" part of the tax though. Just pick the lowest tax possible, and let welfare payments help the poor. Sending everyone a check is a big step in the direction of an even bigger welfare state.

China Tours and Yangtze Cruises A professional China travel agency offering private & group package tours, tailor-made vacations for families, couples and individual travelers, Yangtze cruises, hotel & ticket booking services.

China Travel and Tours One-stop China travel service delivering China package tours, discount Yangtze River cruises and best rate hotels.

Tibet Train Travel A reliable tour operator specializing in Tibet tour packages, adventures, hotel and train ticket booking.

China Maps A free web-based source for China travel and tour map users

Voyage Chine, Tour de Chine, Circuit Chine - Un agence spécialiste voyage en Chine

Great Wall of China A website for the Great Wall of China.

Comments for this post are closed