Case study: Inventor innovation and tax rates

http://www.telegraph.co.uk/finance/11676069/Want-more-inventors-Then-try-lowering-the-top-rate-of-tax.html

By definition, immigrants are highly mobile, and the smartest ones are probably going to have a choice of where they do their best work. They are probably always going to choose a modestly taxed country to base themselves in – after all, there isn’t much point of doing all the work of creating a new product if the government is going to confiscate half of the wealth it creates.

COMMON SENSE!

There is a little shirtiness in there too, for good measure.

Most analysis of the impact of high top rates of tax looks only at the amount of revenue collected, and the incentives to work more or less. But the greatest damage may well come from destroying innovation, and that is not going to be easily captured by that kind of data. …There will be a loss, however – and an even greater one once you take account of the British inventors who move abroad. At 45pc, we still have one of the highest top rates of personal tax in the world. If a lower rate made the UK a magnate for global inventors, then we’d all be better off very quickly – even if there was some short-term loss of revenue.

It’s a simple question: Who does your country value?
The hardworking producers who make your life easier or the envious socialists who want to tax capitalism so hard it becomes impossible, because if they fail, everyone else must?

But top tax rates will make a significant difference. The new paper for the NBER by Ufuk Akcigit, Salomé Baslandze and Stefanie Stantcheva took data from the World Intellectual Property Organization from the 1970s onwards, and looked at the impact of higher top marginal tax rates on the numbers of patents filed. [DS: good methodology] It placed particular emphasis on ‘superstar’ investors – that is, those with the greatest number of patents, and the most valuable ones. It found that higher taxes meant fewer patents and vice versa.

Paper record here: http://www.nber.org/papers/w21024
Remember, patents are filed with government. The policies of the government and treatment therein (red tape) will either encourage OR discourage, there is no neutral because the process is already difficult and expensive.

http://www.nber.org/digest/jun15/w21024.html Two papers on the subject, actually.

If inventors and scientists are important contributors to economic growth in their state or country, then their migration in response to tax progressivity is a potential cost of such a policy. These studies may provide broader insights if the mobility of highly productive inventors sheds light on how taxation affects the location decisions of other educated, talented, high-earning workers.

If you welcome the Boat People (criminals) and shun the high-tech job creators, frankly, your society deserves to die a long and painful death from terminal stupidity.

Just the Tip-Off

I’m getting so many comments and questions on random pages I decided to make a shit-slinging page.

Ugly people who love Jesus porn’s fight against the Patriarchy of a happy marriage rejoice.

incredible shit bridget jones

HEADS UP
YOU NEED ONLY READ THIS ONCE

angry eva green bond casino royale

GROUND RULES

Personal attacks and abuse are unacceptable. If you have a claim, substantiate it with evidence.
You don’t own me, I don’t owe you shit either. Whether I choose to pick up a lead or not has nothing to do with your intellect, quality as a human being et cetera and likely what sort of mood I’m in that day and whether I’m on the rag et cetera. Yes, I am capable of taking the piss out of myself. My French knickers remain untwisted.
I don’t know everything so don’t expect me to. Sometimes I just don’t know or feel incapable of commenting without sufficient time-consuming research. I have opinions and various personal theories like many educated people. I try to include evidence where I can/can be bothered to look it up. Search engines exist.
I will ban trolls, including concern trolls and sealions. Do not try to convert me into your BS social crusades. I do not care. I will never care. You cannot make me care. See Comment Policy for further details.
Topic suggestions, current event details, juicy (evidenced) gossip, science links, funny stuff, anti-SJW comics and your soul are all acceptable forms of currency.

ich bin ein nerd IT crowd jen
Tumblrinas and other people completely out of touch with the harsh realities of life are usually good joke material but there are entire tumblr blogs mocking these people if you care to look and it isn’t my speciality to kick a lame horse, so to speak. We try to take the high ground here.

I have trackers here but I approve of using AdBlockers on this blog. I only keep it up as a precaution in case some nutcases try to stalk me. If you’re sane, you’re safe with me. I can delete comments after reading/replying at your request. I respect your right to privacy if you respect mine. Sometimes I disappear for bursts of time, this is normal in my line of work and I always come back …eventually. Longest absence to date was ~3 years. Deal with it.

you're not being very friendly sarcasm mean bitch michael fassbender

If you post bad porn I will disapprove. If you post good porn for some reason I will merely pretend to disapprove, you scamp. Please don’t post porn though, as I’m usually in public, in meetings or at conferences. You’re enough of a dick I don’t need to see one, I can sense the rippling disturbance in The Force.
cool nothing shocks me scientist indiana jones calm haha amused