Previously: Economics Roundup #1

Let's take advantage of the normality while we have it. In all senses.

Insane Tax Proposals

There is Trump's proposal to replace income taxes with tariffs, but he is not alone.

So here is your periodic reminder, since this is not actually new at core: Biden's proposed budgets include completely insane tax regimes that would cripple our economic dynamism and growth if enacted. As in for high net worth individuals, taking unrealized capital gains at 25% and realized capital gains, such as those you are forced to take to pay your unrealized capital gains tax, at 44.6% plus state taxes.

Austen Allred explains how this plausibly destroys the entire startup ecosystem.

Which I know is confusing because in other contexts he also talks about how other laws (such as SB 1047) that would in no way apply to startups [...]

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Outline:

(00:14) Insane Tax Proposals

(04:44) Don’t Mess With the Federal Reserve

(05:23) Don’t Mess With the New York Tax Authorities

(06:15) Tariffs

(10:39) People Hate Inflation

(16:22) Real Wages

(17:20) Can’t Get No Satisfaction

(17:54) Employment

(18:35) The National Debt

(19:49) Immigration

(21:44) Financial Literacy

(23:32) Reversal

(24:28) Status Update

(24:53) Scaling Hypothesis

(25:28) Payments

(27:38) Pricing

(29:56) Never Reason From a Price Change

(31:10) A Changing Price

(35:33) The Price of Tourism

(36:34) Alcohol

(37:18) The Efficient Company Hypothesis is False

(41:01) Falling Hours Worked

(41:43) Trust Me

(42:58) China

(44:35) Other

The original text contained 8 images which were described by AI.

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First published:
July 2nd, 2024

Source:
https://www.lesswrong.com/posts/MMtWB8wAu5Buc6sve/economics-roundup-2

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Narrated by TYPE III AUDIO.

“Economics Roundup #2” by Zvi

LessWrong (30+ Karma)