Category Archives: Economics

The Corporate Tax Rate Arms Race

A https://www.the-american-interest.com/2017/12/21/ladies-gentlemen-take-places/ is good for all of us.

As I noted on Twitter, many people, ignorant of economics, are going to be surprised at how little reducing corporate tax rates will have on government revenue. Because corporations don’t pay taxes; they only collect them.

Corporations will “pay” less tax, but shareholders and employees will end up paying more, because their income will go up, and the increased economic growth from reduced prices will result in additional revenue as well.

Trump’s Space Policy

I haven’t seen everything, so I can’t say for sure that this is the stupidest, most ignorant take on it, but it will do until something dumber comes along.

[Update a few minutes later]

Meanwhile, a much smarter take from Sarah Cruddas.

[Monday-morning update]

Aaaaand here’s a rewriting of space history from Jason Rhian. Too busy with conference to fisk it, but it needs it badly.

[Bumped]

SpaceX

This could be a momentous week for them. It looks like the number of flights this year will be 18. But a pad that can do a launch a week can do fifty flights a year, all by itself.

[Update a while later]

It’s also a big week for Rocket Lab, and Blue Origin. While I’m sure they’d like to get into business as soon as possible, I can’t help but think there’s a little extra pressure for Blue to fly the new New Shepard ahead of the suborbital conference next week in Colorado. They’re clearly now the leader in that market.

[Update a few minutes later]

Rocket Lab has scrubbed, and Doug Messier (who could use some financial support) has that and other stories, including a solution to the mystery of who Space Adventures was going to fly around the moon.

[Noon PST update]

Blue has scrubbed for the day as well, no word why yet.