More retirees, longer life expectancy, larger benefits, and fewer workers - these trends have meant substantial increases in the payroll tax. Since the social security program began, the payroll tax has increased more than 500 percent.
Alex TabarrokHollywood wants its heroes to be virtuous, but it defines virtue in a way that excludes any action that is self-interested. If virtue means putting others ahead of self, then it's clear that most people, let alone most capitalists, aren't very virtuous.
Alex TabarrokA lot of people say that India has been held back by its democracy. But lets remember that, despite being a poor country, Indias democracy meant that its government never let millions of people starve.
Alex TabarrokWriting on the blog, you want to get attention and make strong claims. In academic work, that often doesn't pay, so sometimes it's a little bit difficult going back and forth to navigate these differences.
Alex Tabarrok