1- To increase the progressivity of the tax system, in particular for high and very high incomes. This should happen in a coordinated way to avoid excessive movement of highly-skilled workers.
Everybody must raise their taxes so that none of the rich decide to run away.
10 responses so far ↓
1 John Fembup // Jun 28, 2009 at 1:43 pm
Paragraph 2 is also worth a look, if not a laff.
It talks about “tax heavens” which is as Freudian a slip as one is likely to see from an economist!
2 AntiCitizenOne // Jun 28, 2009 at 3:13 pm
I a worldwide cartel the productive might just decide to work less.
That’ll be good for the economy, not.
Sating envious lefties won’t help the economy.
3 Dennis The Peasant // Jun 28, 2009 at 6:10 pm
Every time Stiglitz opens his mouth he sets economics back about 300 years.
4 Pamela // Jun 28, 2009 at 6:16 pm
And this yahoo got a Nobel?
5 dearieme // Jun 28, 2009 at 6:42 pm
No, Pamela, he got one of the pretendy Nobels funded by the Swedish Central Bank.
6 john malpas // Jun 28, 2009 at 11:50 pm
Do highly skilled workers have high incomes in the UK? All of them ?
7 David Gillies // Jun 29, 2009 at 6:13 am
John Malpas: no, of course they don’t. You can be a highly skilled member of the Amalgamated Union of Bakelite Knob-Twirlers and be a drug on the market. What Stiglitz means, no doubt, is ‘workers with high marginal productivity’. And if your productivity is derived from a footloose industry, then you can indeed bugger off to sunnier climes. God knows I did.
8 Johnathan Pearce // Jun 29, 2009 at 7:54 am
Paul Krugman also has a Nobel. The bar has been lowered, massively.
depressing.
9 Pamela // Jun 29, 2009 at 10:21 am
Jonathan Pearce:
Hell, reading that paper I thought Krugman had actually written it.
Gah!
10 Current // Jun 29, 2009 at 11:57 am
anticitizenone: “I a worldwide cartel the productive might just decide to work less.”
And, possibly more importantly, they may decide never to become productive.
Many will think why do a degree if you can’t get paid more afterwards.
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