Faster Growth, Fairer Growth: Policies for a High Road, High Performance Economy
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Re: Faster Growth, Fairer Growth: Policies for a High Road, High Performance Economy
#2For others who were curious and not familiar:
> The Niskanen Center is a Washington, D.C.-based think tank that advocates environmentalism, immigration reform, civil liberties, and strengthening social insurance around market-oriented principles.[3][4][5] The center is named after William A. Niskanen, an economic adviser to President Ronald Reagan. The Center states that its "main audience is Washington insiders,"[6] and characterizes itself as a moderate think tank.[7]
Re: Faster Growth, Fairer Growth: Policies for a High Road, High Performance Economy
#3Some great, sane ideas on improving copyright law [1].
The amount of resources the current copyright laws waste is surprisingly high.
"For software, the direct costs every year of defending infringement suits from so-called "nonpracticing entities" – better known as patent trolls – come to more than 10 percent of total annual R&D spending by all U.S. businesses."
[1] https://www.niskanencenter.org/faster_fairer/liberating_the_...
Re: Faster Growth, Fairer Growth: Policies for a High Road, High Performance Economy
#4> At the same time that the major factors expanding the economic pie were losing momentum, other powerful forces emerged that would push toward dividing the pie more unequally
The framing of the issue influences what conclusions one draws. Here, the authors think of the economy as a "pie" created by "factors" that gets "divided up". What naturally follows is that if some get a bigger "slice" than others, it is inherently unfair.
But a free market economy is not a pie. It's a collection of people that create wealth. Some create more wealth than others. Bob creating more wealth than Fred does not mean that Bob took it from Fred. There's nothing unfair about Bob creating more than Fred.
Re: Faster Growth, Fairer Growth: Policies for a High Road, High Performance Economy
#5Some great, sane ideas on improving copyright law [1]. The amount of resources the current copyright laws waste is surprisingly high. "For software, the direct costs every year of defending infringement suits from so-called "nonpracticing entities" – better known as patent trolls – come to more than 10 percent of total annual R&D spending by all U.S. businesses." [1] https://www.niskanencenter.org/faster_fairer/liber…
I've become more and more convinced that copyright laws do not promote progress of useful arts and sciences. The most obvious example is the incredible success of free and open software.
Are people really going to stop writing books, composing music, painting pictures, etc, without copyright protection? Not a chance!
Re: Faster Growth, Fairer Growth: Policies for a High Road, High Performance Economy
#6If you give cash payments to poor families, you will simply get more poor children and encourage dysgenics.
The solution is to encourage contraception and abortion for poor women, and remove all cash incentives for having children - replace them with just tax credits.
Additionally to scale property tax payments based on the number of children in the property. Empty nesters should need to pay more tax than families to represent the needs of families for larger living space.
Re: Faster Growth, Fairer Growth: Policies for a High Road, High Performance Economy
#7If you give cash payments to poor families, you will simply get more poor children and encourage dysgenics. The solution is to encourage contraception and abortion for poor women, and remove all cash incentives for having children - replace them with just tax credits. Additionally to scale property tax payments based on the number of children in the property. Empty nesters should need to pay more tax than families to…
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Re: Faster Growth, Fairer Growth: Policies for a High Road, High Performance Economy
#8Some great, sane ideas on improving copyright law [1]. The amount of resources the current copyright laws waste is surprisingly high. "For software, the direct costs every year of defending infringement suits from so-called "nonpracticing entities" – better known as patent trolls – come to more than 10 percent of total annual R&D spending by all U.S. businesses." [1] https://www.niskanencenter.org/faster_fairer/liber…
I've become more and more convinced that copyright laws do not promote progress of useful arts and sciences. The most obvious example is the incredible success of free and open software. Are people really going to stop writing books, composing music, painting pictures, etc, without copyright protection? Not a chance!
Consider rock musicians. Suppose there were two concerts, one playing a Beatles song with the Beatles performing it (yes I know two of them are gone). Another venue is playing the same songs, just as well, but by a cover band.
Which concert is going to make boatloads of money, and which will barely be able to pay the electric bill? Copyright has nothing to do with it.
Re: Faster Growth, Fairer Growth: Policies for a High Road, High Performance Economy
#9> At the same time that the major factors expanding the economic pie were losing momentum, other powerful forces emerged that would push toward dividing the pie more unequally The framing of the issue influences what conclusions one draws. Here, the authors think of the economy as a "pie" created by "factors" that gets "divided up". What naturally follows is that if some get a bigger "slice" than others, it is inhere…
It's a mix.
There is a pie that is growing slowly. And more rapidly, the exiting pie were reallocated.
And the reallocation is more prominent because the growth is not as big as before.
Re: Faster Growth, Fairer Growth: Policies for a High Road, High Performance Economy
#10> At the same time that the major factors expanding the economic pie were losing momentum, other powerful forces emerged that would push toward dividing the pie more unequally The framing of the issue influences what conclusions one draws. Here, the authors think of the economy as a "pie" created by "factors" that gets "divided up". What naturally follows is that if some get a bigger "slice" than others, it is inhere…
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