I have a friend in Denmark who tells me that workers there don’t especially value pay raises because they’ll lose 70% to taxes. Instead, their preferred bonus is extra vacation time, as the government can’t claim 70% of that (yet).
Me? I’ll probably go back to school and ride out the recession with education entitlements instead of doing anything productive. The best way to fight entitlement programs, after all, is to bleed them dry instead of feeding them.
I wonder if our intrepid social engineers simply don’t understand basic human behavior and the correlation between productivity and quality of life, or if they simply see economic equality as a more noble goal for society than high quality of life.
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Tuesday, March 03, 2009
Fighting the recession: vacation in Denmark, school in America
The Neil Sorens Way:
Labels:
economic policy,
economy,
taxes,
unintended consequences
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