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More retirees, longer life expectancy, larger benefits, and fewer workers - these trends have meant substantial increases in the payroll tax. Since the social security program began, the payroll tax has increased more than 500 percent.
Alex Tabarrok
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Alex Tabarrok
Age: 58
Born: 1966
Born: January 1
Economist
Islamic Republic of Iran
Alexander Taghi Tabarrok
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More quotes by Alex Tabarrok
If China and India were as rich as the United States is today, the market for cancer drugs would be eight times larger than it is now.
Alex Tabarrok
College has been oversold. It has been oversold to students who end up dropping out or graduating with degrees that don't help them very much in the job market. It also has been oversold to the taxpayers, who foot the bill for subsidies that do nothing to encourage innovation and economic growth.
Alex Tabarrok
Well-roundedness comes not from sitting in a classroom but from experiencing the larger world.
Alex Tabarrok
I think modern television shows, with their intricate plots, are stimulating our minds. This is one reason IQs have been going up.
Alex Tabarrok
Like many works of literature, Hollywood chooses for its villains people who strive for social dominance through the pursuit of wealth, prestige, and power. But the ordinary business of capitalism is much more egalitarian: It's about finding meaning and enjoyment in work and production.
Alex Tabarrok
Education is the key to the future: You've heard it a million times, and it's not wrong. Educated people have higher wages and lower unemployment rates, and better-educated countries grow faster and innovate more than other countries. But going to college is not enough. You also have to study the right subjects.
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The only way to thrive is to innovate. It's that simple.
Alex Tabarrok
Michael Moore didn't have to worry that anyone would misinterpret the title of his film, 'Capitalism: A Love Story,' because in Hollywood, no one loves capitalism. That's too bad, because Hollywood is one of capitalism's greatest successes.
Alex Tabarrok
Democracy is an experimental system. I like it when states try out new ideas. I think we ought to expand, not contract, our federalist system.
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Conservatives have long argued, correctly, that 'fine-tuning' the economy is a chimera, but that argument seems to have disappeared from the conservative handbook.
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Writing on the blog, you want to get attention and make strong claims. In academic work, that often doesn't pay, so sometimes it's a little bit difficult going back and forth to navigate these differences.
Alex Tabarrok
Hollywood wants its heroes to be virtuous, but it defines virtue in a way that excludes any action that is self-interested. If virtue means putting others ahead of self, then it's clear that most people, let alone most capitalists, aren't very virtuous.
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A lot of people say that India has been held back by its democracy. But lets remember that, despite being a poor country, Indias democracy meant that its government never let millions of people starve.
Alex Tabarrok
America has the highest standard of living of any major country in the entire world. To maintain and enhance that standard of living, America should continue to embrace those qualities which have made America great: openness and dynamism. Openness to new technologies, new ideas and new people is America's greatest source of strength.
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It would be really great if I discovered a cure for cancer, but it would only be a little bit less great if my neighbor did. So I am pretty happy when my neighbor becomes wealthier, better educated and more innovative. I feel the same about China and India.
Alex Tabarrok
Our obsessive focus on college schooling has blinded us to basic truths. College is a place, not a magic formula. It matters what subjects students study, and subsidies should focus on the subjects that matter the most - not to the students, but to everyone else.
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Going to college is neither necessary nor sufficient to be well-educated.
Alex Tabarrok
I encourage everyone I know to sign an organ donor card, but if someone doesn't want to sign, that's his or her choice. If someone isn't willing to give an organ, however, why should that person be allowed to receive an organ?
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Capitalists work hard to produce what consumers want. Artists who work too hard to produce what consumers want are often accused of selling out. Thus, even the languages of capitalism and art conflict: a firm that has 'sold out' has succeeded, but an artist that has 'sold out' has failed.
Alex Tabarrok
What we tell students in formal schooling: “Sit down, stay quiet, and absorb. Do this for 12 to 16 years and all will be well.
Alex Tabarrok
