arktouros

There's no crying in baseball!

What public perception of economics do you feel is misunderstood or misrepresented most commonly?

38-39% is a lot. Staggeringly a lot. Even more so if you actually tax that to poor and middle class people. Especially when you consider the whole voice of the population, because it's not going to just be UBI. You admitted yourself that soc sec will still be there, so there's more taxes. People aren't going to change their minds about healthcare being a right, so there's more taxes. Food is a right, so food stamps, more taxes.

I don't see how anyone can say with a straight face that the UBI would replace anything. Especially if the creation of a UBI will raise prices, even temporarily. I also don't see how anyone can say with a straight face that the US could finance anything with us having so much debt already and such a high deficit, especially with the highest budget items being medicare/medicaid (at 908 billion) and social security (at 843 billion). The debt at 17.7 trillion and GDP being at 16.6 trillion (105.6% ratio) means that even a 100% tax rate on everyone wouldn't even get us to break even. So what gives?

When it comes to decentralized law, which seems to be your forte, does the efficacy of the arbitration and enforcement markets inversely correlate to theories of abandonment? What would you say is a likely outcome of abandonment law? Should this be used as the balance to counteract a possibility of accumulation of wealth?