tyrus42

[tyrus42 @tyrus421]

@CSandbatch So it was an expansion of credit against slaves while it was being restricted for other assets/commodities which caused their respective rise/fall that at least increased the divergence.

[tyrus42 @tyrus421]

@sigmahamster2 Do you have to be a criminal Non-taxpayer senior or are we being generous

[tyrus42 @tyrus421]

@CSandbatch i can only think that when you say token that there was some network effect where securities backed by slaves became more liquid and therefore the cost of borrowing fell even with excess demand for credit
sorry for the long response

[tyrus42 @tyrus421]

@CSandbatch the later (excess demand for credit) i dont think can raise asset prices, i would only think that an excess supply of credit from british banks would then create an appreciation because the cost of borrowing is lower and the NPV of slaves rises.

[tyrus42 @tyrus421]

@CSandbatch If im interpreting this correctly how would borrowing against slaves cause slave prices to increase?

[tyrus42 @tyrus421]

@neocentrist Zucman is somehow assuming that capitalists decision to leave is based on them having a 100% accurate prediction of whether the state will levy annual taxes, for some reason they didnt have this perfect prediction of the once off tax.

[tyrus42 @tyrus421]

@adhee1673 Do you mean monetarism or QTM, i dont see how monetarism can be showed to have failed when it was tried because of these things and QTM is a theory about demand for money.

[tyrus42 @tyrus421]

@mean_field_zane Buchanan book still in the wrapper 😢

[tyrus42 @tyrus421]

@JohnWakefieId "Black panther's leader named Bobby Lee"

[tyrus42 @tyrus421]

@MetamateDaz Post Hoc bias, pick the 5 richest people in 2012 and do this, not the 5 richest people today and go back

[tyrus42 @tyrus421]

@tonyannett Yes, otherwise poor people's comparative advantage would be as money managers in hedge funds given they're not that productive anywhere else.

[tyrus42 @tyrus421]

@elliotismz It's like equality "equal treatment for equals" is a normative goal even if it's not descriptive, it's just the argument that people would agree to a state and what role for it to have that they would agree to.

[tyrus42 @tyrus421]

@sigmahamster2 @demons_under >lockean proviso
>lvt advocate
more common thab you think

[tyrus42 @tyrus421]

@elliotismz tax is $50 not $100 as coase suggested

[tyrus42 @tyrus421]

@elliotismz Coase didn't really have a critique of pigou, the inefficiency caused by a pigouvian tax compared to a coasean bargain only occurs if the Pigouvian tax imposed is higher than the real cost. The example where the pollution costs $100 but the cost of moving is $50 means the correct

[tyrus42 @tyrus421]

@JohnnyLydon Passive/capital income should not be taxed because it's not intertemporally neutral https://t.co/RnHidWidpI

[tyrus42 @tyrus421]

@elliotismz being around buchanan probably

[tyrus42 @tyrus421]

@elliotismz @accelereta42_ I dont understand this

[tyrus42 @tyrus421]

@shoshovelvel because it hit a few groups very hard which is the opposite of the democratic playbook of doing concentrated benefits and diffused costs