Re: novel argument against taxing rents

On Mon, 10 Apr 2006 19:55:08 GMT, Les Cargill <lNOcargill@xxxxxxxxxxx>
wrote:

royls@xxxxxxxxx wrote:

On Mon, 10 Apr 2006 06:13:55 GMT, Les Cargill <lNOcargill@xxxxxxxxxxx>
wrote:

royls@xxxxxxxxx wrote:

On Fri, 07 Apr 2006 02:16:09 GMT, Les Cargill <lNOcargill@xxxxxxxxxxx>
wrote:

But that goes back to the old question - what is earned
and what is unearned? That question seems resistant to
objectification.

Nope. What is earned is a benefit commensurate with contribution.

Best estimator of contribution as we speak, using price theory
and the dreaded revealed preferences doctrine is... what
we now have.

Which just shows how wrong price theory and revealed preferences are.

Those would then be the phlogiston you were speaking of?

Part of it, yes.

Is this like pholgiston ( which just makes sense, but for which
there is no measured support ) or like a geocentric universe
theory?

Probably more like geocentric cosmology.

Seriously, we're back to some arcane table of actuarial data of
which I'm unaware, or what?

We're back to the free market, which has no place for privilege.

Yet *an* application of price theory and revealed preferences is
still *the* best argument I've seen for the free market.

Personally, I like "People have a right to be free."

Current
mass media theory depends so heavily on revealed preference... and
appears to be correct? Yes?

No, because the broadcast spectrum is government regulated but in
effect privately owned.

This stuff, unlike hard science, is really hard to
self-educate about.

Yes, because there is so much confusion and disagreement (and outright
error) even about the fundamentals.

-- Roy L
.

Relevant Pages

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  • Re: novel argument against taxing rents
    ... and the dreaded revealed preferences doctrine is... ... Which just shows how wrong price theory and revealed preferences are. ... We're back to the free market, which has no place for privilege. ... This stuff, unlike hard science, is really hard to self-educate about. ...
    (sci.econ)