30 October 2008

Personal Work Incentives

The always amazing Greg Mankiw:

My Personal Work Incentives
Here is a question that you may have been thinking about: How do the different candidates' tax plans affect Greg Mankiw's incentive to work?

Okay, you probably haven't been thinking about this. But I have, because, after all, I am Greg Mankiw. And if you are here reading my blog, maybe you have some interest in the random thoughts running through my brain. So bear with me.

Bottom line:

That is, Obama's proposed tax hikes reduce my incentive to work by 62 percent compared to the McCain plan and by 93 percent compared to the no-tax scenario. In a sense, putting the various pieces of the tax system together, I would be facing a marginal tax rate of 93 percent.

Reality Check: The Cost Of Obama's Pledges

Holy ...cow. This is CBS:
Without question, the Barack Obama infomercial served as a very slick and powerful recitation of the biggest promises he's made as a presidential candidate. But the very bigness of his ideas is the problem: he seems blind to the concept his numbers don't add up.

Let's start with his highly suspect, and widely discredited, claim that he can find federal "spending cuts beyond the costs" of his promises. Very few independent economists believe he has identified the savings needed to offset his remarkable list of tax credits, tax cuts and spending pledges

You can read the rest by clicking the link in the title, or thelink here

Not so flippin' fast, McCain fans. His plan 'works' for the future if inflation stays below 5% for the next 35 years.

Wisdome from the Libertarian Candidate.

"BOMB". I like it!
The Democrats and Republicans agree that they don't want competition. They don't want to hear from me because I came out strong against the Bush/Obama/McCain Bailout (BOMB). The establishment does not want to hear our message.

Go throw 'im a few bucks.