"I'm not terribly affected by the fact that the crowds are agreeing with me or disagreeing with me. I'll do whatever my own sense tells me.
The trick is simply to sit and think."
— Warren Buffett
@BenMullin Sorry to see this. This news program had a lot more substance to it compared to other prime time news programs. They also reliably and consistently covered important stories such as the war in Ukraine.
@business Won't windfall taxes discourage future investment in energy exploration and production? If so, won't this drive prices even higher in the future due to supply shortages?
@business Won't windfall taxes discourage future investment in energy exploration and production? If so, won't this drive prices even higher in the future due to supply shortages?
@joncoopertweets Won't windfall taxes discourage future investment in energy exploration and production? If so, won't this drive prices even higher in the future due to supply shortages?
@atrupar Won't windfall taxes discourage future investment in energy exploration and production? If so, won't this drive prices even higher in the future due to supply shortages?
@paulkrugman If you want to learn more about how local regulations are directly contributing to housing shortages, higher rents and inflation, this NY Times editorial video is well worth watching:
nytimes.com/2021/11/09/opi…
@paulkrugman Paul, Isn't inflation primarily caused by an increase in demand (i.e., government overspending on the pandemic, entitlements, student loans) without a corresponding increase in supply (i.e., China supply disruptions, lack of incentive to expand energy production, etc.)?
@garjones66 @paulkrugman Interesting. If they wanted to incentivize growth, not sure why there were not more tax cuts for a greater share of population. Thanks for the clarification.
@garjones66 @paulkrugman Thanks for the explanation but aren't we taking about income tax rates? Tax rates of 40% on income above 37k £ seems extremely high to me. Seems like any tax cuts for this income level would stimulate growth. Are these income rates being cut?
@garjones66 @paulkrugman I see your point. Thankfully I do not live in California. No state income tax in Texas. What is your source for the UK tax figures? I'd like to learn more. Thanks!
@garjones66 @paulkrugman Thanks for the information. As wages are determined by what workers ultimately take home net of taxes, don't higher personal tax rates drive up pretax wages for employers? If so, doesn't this higher cost of doing business reduce economic growth?
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