Friday, August 17, 2012

Things economists agree on

NPR's Planet Money reports a six-step economic plan that virtually all professional economists would support, regardless of their political stripes:  (Link courtesy of Greg Mankiw's blog.)
  • Eliminate the home mortgage interest tax deduction
  • Eliminate the corporate tax deduction for employee health insurance
  • Eliminate the corporate income tax
  • Eliminate all income and payroll taxes
  • Tax carbon emissions
  • Legalize marijuana
Of course most, if not all, of these ideas are politically toxic.  MBA 505 students this fall will learn why these changes would help the economy and why they face an uphill climb politically. 

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