…a conservative tax along with extensive social welfare spending from that tax. This is misleading, since Europe generally has a VAT as a supplement to the income tax (and, in…

…matter (except for welfare analysis). OK the problem: Assume that workers all have the same skill yet different wages are paid in different industries. Can this imply multiple Pareto ranked…

…we care about have the same values they would have if everyone were rational.” In particular, inferences about welfare which some people actually take seriously, are derived from models including…

by cactus The Bail-Out as Class Warfare The argument for bailing out AIG essentially amounted to this: Goldman, Welfare, Queen & Sachs the counterparties need to be helped. I don’t…

…when Reagan conjured up images of the Cadillac-driving welfare queen, it pissed people off not because there were people who needed help, but because supposedly many people who were getting…

…producers and consumers, we are told. Its becoming obvious even to the likes of Henry Paulson that no matter how much money gets paid to Goldman, Welfare, Queen & Sachs…

…that Social Security would lose all semblance of being a worker financed insurance system and simply be transformed to welfare. In fact I would argue that any TF ratio above…

…employers which enables them to pay below-poverty wages to their workers. In other words, the EITC is corporate welfare, a massive redistribution of wealth to the very employers that treat…

…realistic set of budget offsets, and the most promising area is corporate welfare. But President Bush must endorse a serious, realistic set of budget offsets, and the most promising area…

…of Social Security is not welfare as Samuelson asserts. The main feature is insurance against economic risks and as such it makes us collectively better off. Calling it welfare when…