beefing

Basically whatever happens to irritate me. Probably quite trivial but then why not? After all, the First Admendment says I can (but then the new Supreme Court may change that...)

Friday, July 27, 2012

Economic simulation

For decades, the Republicans have contented that raising the personal income taxes on the top 5% income "earners" will reduce the money available to create jobs. The converse is that decreasing these personal income taxes will increase the jobs created. But, the personal income taxes have gone down and the unemployment rate has gone up. This suggests that if decreasing taxes increases the unemployment rate then increasing the personal tax rate will decrease unemployment.

It should be possible to test this conclusion with computer simulation. If these simulations have been done, then either the results were published in obscure journals or the folks doing the simulations did not like the results and didn't work very hard to get them published.

1 Comments:

Anonymous Anonymous said...

Man, you can actually do that in game called Virtonomics. This is very deep economic simulator with political functional.
http://virtonomics.com/

Maybe our politician would learn how to rule a country and how to optimize budgets if they players such games ;)

8:29 PM  

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