ACA Repeal/Replace: Progressives Face Moral Dilemma

[David Horn]

(09-11-2017, 04:57 PM)Warren Dew Wrote:

(09-11-2017, 06:40 AM)pbrower2a Wrote: My college major was economics. I took calculus and know well what functions and scalars (a/k/a coefficients) are. It's telling that much of the mathematics behind economics was worked out by chemists.

The idea of Henry George is of course to tax rents, the easiest large incomes that people can get. Rents are beyond the usual, competitive reward for entrepreneurial activity or onerous toil. Exploiting a permanent and intractable scarcity or a monopoly privilege is far easier than even shrewd investment in honest business.

Interesting about the chemists.  It does make sense, since both economics and chemistry are largely about equilibria and the process by which one gets there.

You can try explaining George's ideas to David Horn if you want.  It would be interesting to see him do a flip flop when the same idea come from a leftist rather than from a conservative.

Joe Stieglitz is a proponent of Georgist taxation, and he's about as liberal an economist as you'll find.  I still find it foolish in a modern economy.