Thursday, October 14, 2010
Why Greg Mankiw's taxes must be increased!
In the Sunday Times, Mankiw whines about how Obama's desire to let the Bush tax cuts for the rich expire reduces his incentives to take on extra work - such as, presumably writing obnoxious right-wing op-ed pieces in the Sunday Times. What is the down-side: more revenue and less drivel!
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6 comments:
Kevin
There's an on going discussion over at Angry Bear on this very subject. Common over and add a word or fifty.
Thanks, Jack. I see Colbert beat me to the punch on this as well!
Colbert? Or do you mean Coberly?
Steve Colbert skewers Mankiw, making the point that less work by the latter means less of his drivel in the NYTimes as suggested by Kevin's post. Now to check Mankiw's "no comments" website to see how he spins Colbert.
Mankiw has a link to Colbert. Maybe this will be featured in Mankiw's next edition of his text to demonstrate economic truth in humor. "On the other hand ...."
Mankiw's Blog today (10/26/10) features a video "The Colbert Effect" by Harvard's "Respectably French" group. Assuming the actors were students of Mankiw, consider whether they might succeed as future economists or future "sit down" comedians, or both (oxymoronically?) I thought it might have been funnier in French. But a more correct title would be:
"THE COLBERT EFFECTIVE"
This may boost Mankiw's career opportunities as a celebrity economist and put him in a higher tax bracket. But hey, no heavy lifting involved and even with taxes at 60%, an additional $100,000 for a Mankiw speech would net $40,000 for very little effort. That's not chump-change in Weston, MA.
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