Michael Smart

Professor of Economics at the University of Toronto. Co-Director of Finances of the Nation

[Michael Smart @michaelgsmart]

.@tammyschirle on @FONCanada: "all that elasticity stuff is useful after all. Maybe"

[Michael Smart @michaelgsmart]

Sigh. It's not a negative externality, it's a pecuniary externality.

It's literally the example I give students of something that looks like a negative externality but isn't.

https://t.co/J1elMdxbxF

[Michael Smart @michaelgsmart]

@wwwojtekk You nailed this ... TO THE ONE TRUE CROSS

[Michael Smart @michaelgsmart]

Are they just admitting that they cheat on their taxes? cc @at_hayashi

[James Medlock @jdcmedlock]

Let’s hear it for the 14 percent of low income people who don’t think they pay enough taxes (a greater share than rich people!)

[Michael Smart @michaelgsmart]

@Olijacques89 @Patrickdery Ce papier suggère aucun lien entre les deux pour le Canada, n'est-ce pas? Serait intéressant de savoir plus...

[Michael Smart @michaelgsmart]

@kevinmilligan Dynamic scoring has made fiscal analysis in the US much LESS useful than the dumb old static models.

[Michael Smart @michaelgsmart]

The revolution starts TODAY

😉

[Michael Smart @michaelgsmart]

How would increase capital gains taxes affect government revenue and the distribution of tax burdens in Canada?

Explore with the new interactive simulation tool @FONCanada:
https://t.co/tbRWEsGmmz

[Michael Smart @michaelgsmart]

@AdamLavecchia @kevinmilligan @FONCanada No they don't, we will make that clear, thanks.

[Michael Smart @michaelgsmart]

@mileslunn https://t.co/ZylU3f4RVV

[Michael Smart @michaelgsmart]

@goodtaxtakes Absolutely. We should have full offsetting of non-fradulent losses. The 80% threshold enlists the purchaser as third-party verification of legitimate losses. Win-win.

[Michael Smart @michaelgsmart]

@MikePMoffatt I think it says the marginal investor's expected inflation rate is below the current rate.

It doesn't tell us Tiff Macklem's expected inflation rate, which is what you tweeted about.

[Michael Smart @michaelgsmart]

@libfr33 @wwwojtekk @asv141 Particularly because this implies diminishing marginal utility of women.

[Michael Smart @michaelgsmart]

@wwwojtekk @S_Surprenant True

[Michael Smart @michaelgsmart]

@pressFToTweet This is fucking awesome, thank you

https://t.co/WWofCN557J

[Michael Smart @michaelgsmart]

@wwwojtekk A tax policy for Buenas Notches, California.

[Michael Smart @michaelgsmart]

@wwwojtekk @S_Surprenant As you know, you can get the optimal MTR to be negative, if you hate the poor enough.

[Michael Smart @michaelgsmart]

So do I have this right: Quebec is using its new health transfers to finance an income tax cut?

That makes perfect sense because paying taxes is known to be hazardous to your health...

[Michael Smart @michaelgsmart]

@HopeEcon You're in luck, it's called email bankruptcy https://t.co/DSaPY1ScyN

[Michael Smart @michaelgsmart]

@wwwojtekk Through the material balance condition.