Taxing the harder working

Instead of thinking of increasing marginal rates as "taxing the rich", think of it as "taxing the harder working".
Here's a graph showing hours worked by income quintile:




The top income quintile household works more the 2x hours per year. And their reward for all that hard work? Higher marginal taxes!

Comments

Unknown said…
It's taxing the longer-working, but not necessarily the harder-working. 4 hours in a coal mine vs. 8 hours behind a desk...harder-working or longer-working?
March 3, 2013 at 8:19 PM
Post a Comment

Popular posts from this blog

Why Tesla's FSD Approach is Flawed

The only folks more prone to rants than myself are Tesla fans talking about neural nets. So I thought, why not combine the power of the rants? I'll rant about Tesla fans ranting about the power of neural nets! To get myself good and wound up, I listened to a recent Tesla Daily  Podcast  about Full Self Driving (FSD) and Neural Nets. Go ahead, listen to it.  I'll wait. It's actually not that bad. "Jimmy D" is the guest and he talks with some authority about neural nets. He doesn't get anything terribly wrong on the basic tech. Everything he says about how Tesla plans to exploit it seemed reasonable to me. If you are a Tesla skeptic, it's a good way to understand Tesla bull thinking. Of course, like everyone else who's familiar with the AV space, I think Jimmy is 100% wrong about Tesla's prospects. He's a typical Tesla fan- smart, technically savvy, and without any detailed domain knowledge. He's drawn in by the surface logic of Tes
Read more

What Smart Tesla fans Get Wrong about FSD

The only folks more prone to rants than myself are Tesla fans talking about neural nets. So I thought, why not combine the power of the rants? I'll rant about Tesla fans ranting about the power of neural nets! To get myself good and wound up, I listened to a recent Tesla Daily Podcast about Full Self Driving (FSD) and Neural Nets. Go ahead, listen to it.  I'll wait. It's actually not that bad. "Jimmy D" is the guest and he talks with some authority about neural nets. He doesn't get anything terribly wrong on the basic tech. Everything he says about how Tesla plans to exploit it seemed reasonable to me. If you are a Tesla skeptic, it's a good way to understand Tesla bull thinking. Of course, like everyone else who's familiar with the AV space and not named Elon, I think Jimmy is 100% wrong about Tesla's prospects. He's a typical Elon fan boy- smart, technically savvy, and without any important domain knowledge. He's drawn in by El
Read more

Predictions for the April Tesla Autonomy Event

Image
I've written down my predictions for the upcoming Tesla autonomy event.  Writing these things down helps codify your thinking.  Making it public helps keep you honest. Right or wrong, I'll learn something important come April 22rd. The TL;DR summary: No features will be tied to HW 3.0. They announce the HW3.0 switch over- probably starting in Q3. [Updated 4/7, H/T @ElmerFUDD] - it appears they may already be making some cars with HW3. Perhaps the 4/22 date gives them 3 weeks to clear out older cars before announcing the new HW? The game will be to announce L2 features and pretend like L4/L5 equivalents are coming soon. We will not see the legal disclosures. Elon will largely promise the world, but when things launch all liability will be on drivers. Tesla Network is back, but in the vaguest possible way. They will demo something every AV could do 4 years ago, except it's not reliable enough to actually do L4/L5. The State of Play Before we dive into the pred
Read more