Comments on: Opportunistic Economics http://www.concurringopinions.com/archives/2007/09/opportunistic_e.html The Law, the Universe, and Everything Sun, 22 Nov 2009 02:17:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Maryland Conservatarian http://www.concurringopinions.com/archives/2007/09/opportunistic_e.html/comment-page-1#comment-52454 Maryland Conservatarian Wed, 12 Sep 2007 00:28:36 +0000 http://www.solove.org/archives/2007/09/opportunistic-economics.html#comment-52454 "As Jonathan Rowe notes, inequality "insulates the very wealthy from the world they create for the rest of us." ...an excellent explanation of the influence of the likes of George Soros, John Kerry, Jay Rockefeller and Ted Kennedy. “As Jonathan Rowe notes, inequality

“insulates the very wealthy from the world they create for the rest of us.”

…an excellent explanation of the influence of the likes of George Soros, John Kerry, Jay Rockefeller and Ted Kennedy.

]]> By: BDG http://www.concurringopinions.com/archives/2007/09/opportunistic_e.html/comment-page-1#comment-52453 BDG Wed, 12 Sep 2007 00:03:11 +0000 http://www.solove.org/archives/2007/09/opportunistic-economics.html#comment-52453 Interesting post, Frank. I suppose some economists might say that tax is the only efficient place to achieve redistribution, so that it isn't inconsistent for them to neglect diminishing marginal utility effects when assessing non-tax policy. This, of course, does not appear to help Landsburg, who on your account is inconsistent from policy to policy. Also, I tend to think Sanchirico has the better of the "tax only" debate. He points out that since every redistribution creates some distortions, and the deadweight losses from distortions rise more swiftly than the distortion itself, it is better to create tiny corrections everywhere than one large correction simply in tax. Interesting post, Frank. I suppose some economists might say that tax is the only efficient place to achieve redistribution, so that it isn’t inconsistent for them to neglect diminishing marginal utility effects when assessing non-tax policy. This, of course, does not appear to help Landsburg, who on your account is inconsistent from policy to policy.

Also, I tend to think Sanchirico has the better of the “tax only” debate. He points out that since every redistribution creates some distortions, and the deadweight losses from distortions rise more swiftly than the distortion itself, it is better to create tiny corrections everywhere than one large correction simply in tax.

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