Trajan
conscientia mille testes
I found this wryly humorous, it reminded me of when I would see my son or daughter discover something and learn a new lesson about life, something funny but sorta intuitive too, they were 8-9
these 'kids'?
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Remedial Economics
The 'Occupy' folks learn the limits of wealth redistribution.
oct. 27 2011
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Some of them at least seem to be getting a remedial course in economics.
Nan Terrie learned an expensive lesson last week about the importance of property rights. "Stealing is our biggest problem at the moment," the 18-year-old protester told the New York Post. "I had my Mac stolenthat was like $5,500." Why? Because she left it in a public place, amid a crowd demanding the redistribution of wealth. Imagine that.
Perverse incentives were at work at Occupy Boston, where 36-year-old Andrew Warner told the Boston Herald: "It's turning into us against them." By "them" he didn't mean rich bankers but street vagrants: "They come in here and they're looking at it as a way of getting a free meal and a place to crash, which is totally fine, but they don't bring anything to the table at all." The same is true in New York, where "sanitation committee" member Lauren Digioia told the Daily News: "There's a lot of takers here and they feel entitled."
The makeshift government at Manhattan's Zuccotti Park is also dealing with the problem of externalities, in the form of percussionists who irritate neighbors and fellow protesters alike by drumming at all hours. That has inspired both regulations (drumming is permitted only at certain hours) and taxes. New York magazine reports that the "finance working group" had levied a "percussion tax" of 50% on tips.
Drummer Shane Engelerdt sounds like a tea party member complaining about taxation without representation: "They didn't even give the drummers a say. . . . They're like the banks we're protesting."
more at-
Review & Outlook: Remedial Economics - WSJ.com
"A conservative is a liberal who has been mugged."
these 'kids'?
snip-
Remedial Economics
The 'Occupy' folks learn the limits of wealth redistribution.
oct. 27 2011
snip-
Some of them at least seem to be getting a remedial course in economics.
Nan Terrie learned an expensive lesson last week about the importance of property rights. "Stealing is our biggest problem at the moment," the 18-year-old protester told the New York Post. "I had my Mac stolenthat was like $5,500." Why? Because she left it in a public place, amid a crowd demanding the redistribution of wealth. Imagine that.
Perverse incentives were at work at Occupy Boston, where 36-year-old Andrew Warner told the Boston Herald: "It's turning into us against them." By "them" he didn't mean rich bankers but street vagrants: "They come in here and they're looking at it as a way of getting a free meal and a place to crash, which is totally fine, but they don't bring anything to the table at all." The same is true in New York, where "sanitation committee" member Lauren Digioia told the Daily News: "There's a lot of takers here and they feel entitled."
The makeshift government at Manhattan's Zuccotti Park is also dealing with the problem of externalities, in the form of percussionists who irritate neighbors and fellow protesters alike by drumming at all hours. That has inspired both regulations (drumming is permitted only at certain hours) and taxes. New York magazine reports that the "finance working group" had levied a "percussion tax" of 50% on tips.
Drummer Shane Engelerdt sounds like a tea party member complaining about taxation without representation: "They didn't even give the drummers a say. . . . They're like the banks we're protesting."
more at-
Review & Outlook: Remedial Economics - WSJ.com
"A conservative is a liberal who has been mugged."
