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Links for 2016-10-04 []

Wednesday, October 5, 2016 0:22
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  • Left Wing Governments Love the Poor – Marginal REVOLUTION
    The basic idea may also be put this way.  A left wing government might not want to pass policies to educate the masses or open markets to small business firms because such policies are likely to be successful and in the process create a class of skilled workers and petty bourgeoisie who will vote against the left-wing party and its policies of income redistribution. By keeping its constituents poor, the left-wing party keeps its constituents beholden because only the left-wing party will support income redistribution.
  • Growing up, I was like most Americans in my…
    Growing up, I was like most Americans in my reverence for the Constitution. … Until I took Constitutional Law at Harvard Law School. The experience was completely disillusioning, but not because of the professor, Laurence Tribe, who was an engaging and open-minded teacher. No, what disillusioned me was reading the opinions of the U.S. Supreme Court. Throughout the semester, as we covered one constitutional clause after another, passages that sounded great to me were drained by the Court of their obviously power-constraining meanings. First was the Necessary and Proper Clause in McCulloch v. Maryland (1819), then the Commerce Clause (a bit) in Gibbons v. Ogden (1824), then the Privileges or Immunities Clause of the Fourteenth Amendment in The Slaughter-House Cases (1873), then the Commerce Clause (this time in earnest) in Wickard v. Filburn (1942), and the Ninth Amendment in United Public Workers v. Mitchell (1947).
  • Slate: “Criminal Allegations in Alicia Machado’s Past Likely Wouldn’t Preclude Citizenship, Expert Says” – The Unz Review
    But she appears to have filled in a Miami-Dade County official form two years ago in 2014 listing her child with the last name not of the man she had claimed was the father, but with the last name “Alvarez” of the the imprisoned cartel hitman.
  • The New York Times Overpaid, David Henderson | EconLog | Library of Economics and Liberty
    For two excellent analyses of this issue, see Megan McArdle, “Trump’s 1995 Return Shows Good Tax Policy at Work” and Robert P. Murphy, “Thoughts On Trump’s 1995 Tax Return.”
  • The Flight Deal | Practical Travel Tips: Cairo, Egypt.
    Travel trips to Egypt.
  • The Economics of Dining as a Couple – Bloomberg View
    4. Full food communism. A communist economy is a terrible idea. A communist dinner table, on the other hand, truly is a bounteous paradise. This is the final flowering of the dining experience, when the barriers wither away and all ordering is centrally planned, with the fruits distributed equally. You will know that this happy moment has arrived when you start telling the waiter “Just put the plates anywhere; we share everything.”
  • TheMoneyIllusion » Trump and the markets
    Explaining the markets (lack of) reaction to the odds of a Trump presidency.
  • Bold, smart, progressive ideas to strengthen Social Security | Jared Bernstein | On the Economy
    Expanding compensation subject to Social Security payroll taxes. This would be a big change, but a worthy and a progressive one. The play is “to include fringe benefits such as employer-sponsored health insurance and flexible spending accounts. Fringe benefits are a growing slice of compensation, and including them in Social Security’s tax base would eliminate the discrepancy between those who receive fringe benefits and those who don’t.  Affected workers — who would disproportionately be lower- and middle-income — would pay more in taxes but also receive more in Social Security benefits. Including employer-sponsored health insurance premiums could close over one-third of Social Security’s solvency gap; including other fringe benefits could close [another] one-tenth.”


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