« What is indisputably true is that Amazon is on track to destroy the businesses of incumbent book publishers. But the many authors and intellectuals who’ve been convinced that their interests — or the interests of literary culture writ large — are identical with those of the publishers are simply mistaken… »
“I think that what happens to people is that if you are out of the country long enough, your native country ceases to exist. When things change sufficiently, the country that you are truly a native of is gone.” — William Gibson
« In this paper we argue that very high marginal labor income tax rates are an effective tool for social insurance even when households have preferences with high labor supply elasticity, make dynamic savings decisions, and policies have general equilibrium effects. To make this point we construct a large scale Overlapping Generations Model with uninsurable labor productivity risk, show that it has a wealth distribution that matches the data well, and then use it to characterize fiscal policies that achieve a desired degree of redistribution in society. We find that marginal tax rates on the top 1% of the earnings distribution of close to 90% are optimal. We document that this result is robust to plausible variation in the labor supply elasticity and holds regardless of whether social welfare is measured at the steady state only or includes transitional generations. »
« Jordan Haskins wants to be the Republican house member representing Michigan’s 95th House District. And he wants everyone to know he is a staunch, Bible believing Christian who has “fought” the homosexual agenda in Saginaw.
“Jordan would remove the spark plug wires and sit in the car and masturbate while the motor was sparking and making noises,” the police report states. »