This week’s IGM Economic Experts Panel statements:
A) Rising inequality is straining the health of liberal democracy.
B) Enacting more redistributive expenditures and policies would be likely to limit the rise of populism.
C) Governments should allocate more resources to policies that would be likely to limit the rise of populism, even if it means higher public debt or lower public spending in other areas.
Keyword: redistribution
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This week’s IGM European Economic Experts Panel statements:
A) Rising inequality is straining the health of liberal democracy.
B) Enacting more redistributive expenditures and policies would be likely to limit the rise of populism in Europe.
C) European governments should allocate more resources to policies that would be likely to limit the rise of populism in Europe, even if it means higher public debt or lower public spending in other areas.
This week's IGM Economic Experts Panel Statement:
NCAA Division I schools coordinate compensation for men’s basketball and football players (precluding actual pay and limiting non-monetary benefits), providing rents to member schools (which may be shared with others) at the expense of those players.
This week’s IGM Economic Experts Panel statements:
A: One drawback of taxing capital income at a lower rate than labor income is that it gives people incentives to relabel income that policymakers find hard to categorize as "capital" rather than labor".
B: Despite relabeling concerns, taxing capital income at a permanently lower rate than labor income would result in higher average long-term prosperity, relative to an alternative that generated the same amount of tax revenue by permanently taxing capital and labor income at equal rates instead.
C: Although they do not always agree about the precise likely effects of different tax policies, another reason why economists often give disparate advice on tax policy is because they hold differing views about choices between raising average prosperity and redistributing income.
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