6 policies economists love and politicians hate.

Discussion in 'Politics' started by Quantum Windbag, Jul 21, 2012.

  1. Quantum Windbag
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    Quantum Windbag Gold Member

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    Common sense, something all politicians hate. I would back anyone that supported all of these proposals.

    Six Policies Economists Love (And Politicians Hate) : Planet Money : NPR


    1. Eliminate the mortgage tax deduction.
    2. End the tax deduction for employers that provide health insurance.
    3. Eliminate corporate income tax.
    4. Eliminate all income and payroll taxes.
    5. Tax carbon emissions.
    6. Legalize marijuana.
     
    Last edited: Jul 21, 2012
  2. 8537
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    8537 Senior Member

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    Yep, and a nice mixed bag of what most consider "liberal" and "conservative" economic ideas.
     
  3. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Not sure I'd implement a carbon tax, I might do a surtax on earnings over say 1 million bucks/year. Might get kicked out of the club for conservatives, but what the hell. I think I'd allow mortgage deductions up to a reasonable maximum too.
     
  4. Middleoftheroad
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    Middleoftheroad Active Member

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    If you eliminated all of those, the federal government would be insolvent overnight, unless that was a very high carbon tax. Eliminating of coporate income tax, personal income tax, and payroll tax would eliminate 92% of the federal government income.

    Go to a bank and try and get a loan while telling them you have no source of revenue, and let me know how that works out for you.
     
  5. Katzndogz
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    Katzndogz Diamond Member

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    You can tell them you smoke marijuana, then it's okay.
     
  6. tererun
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    tererun BANNED

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    I find most high paid economists have learned the same things that newspeople have. If you want the big bucks you have to become political. This takes away any rationality they have as they start with a political point in mind and then try to justify it instead of trying to understand the system. This is why you will find experts who say completely contradicting things depending on who pays their bills. It is the same problem with polls, the medical industry, psychology, and a number of places where they could have a scientific basis but chose their desire for profit over accuracy. They have the same possibility of being correct as a stopped watch.
     
  7. kaz
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    kaz Diamond Member

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    Tax carbon emissions??? That seems like an outlier in an otherwise excellent list.
     
  8. kaz
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    kaz Diamond Member

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    We should implement the fair tax. The bottom line is that every tax in the end except the death tax is a tax on economic activity. By taxing all of the offshoots of it, we give politicians power and people incentive to avoid taxes. A simple tax on what in the end is the source of all taxes would be so efficient that it would trigger an economic explosion.
     
  9. Quantum Windbag
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    Quantum Windbag Gold Member

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    The guy with who thinks he can fool us that he is non partisan is the first to step in and say the idea is bad.

    I suggest you go listen to the show.
     
  10. Quantum Windbag
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    Quantum Windbag Gold Member

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    A properly constructed carbon tax would only impact people and businesses that consume a large quantity of fossil fuels. It might even pay individuals that save fuel directly. It makes more economic and policy sense than subsidizing green energy.
     

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