Today's reading: https://en.wikipedia.org/wiki/Welfare_trap … Means-testing is a horrible, destructive superstition.
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@bechhof Glib as hell. He hasn't checked the math either 1) OR 2). Regarding 1), there's a bullet that needs biting if... -
@bechhof ...you want to reconcile a) some Hayekian minimum provision b) not imposing higher marginal rate on lowest 10% than highest 10%. -
@bechhof If you're OK with that kind of distortion like Caplan says he is, fine, you're a petty sadist but at least we're clear. -
@bechhof For 2), see Lukas's comment on that post. -
@bechhof All of this assumes govt is going to put in place *some* redistribution, mind. I'm OK with junking the whole thing. -
@bechhof But this society seems to insist on it, so have to look at tax curve--negative base income tax + flat % is *minimally distorting*. -
@bechhof That's the bullet that has to be bitten. - 3 more replies
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.