Tuesday, September 22, 2009

I estimated that the stimulus package passed this year will cost our kids about $3,000 per year

I was just thinking about college educated taxpayers (who pay most of the income tax).

Now, there's a winning study that puts the figure at $3,400 (via Bryan Caplan).

That's a heavy deadweight loss, to garnish almost 10% in current GDP per capita for a program that we are not sure helped at all.

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