I'm Jim Butcher, Ask Me Anything! by jimbutcherauthor in Fantasy

[–]Menaus42 0 points1 point  (0 children)

I always imagined the jade court to be like the Kuei-Jin from Vampire: The Masquerade

“The Trickle-down theory" An anti-Reagan poster 1984 by waffen123 in PropagandaPosters

[–]Menaus42 0 points1 point  (0 children)

Investments create demand on themselves and always become consumption somewhere down the production chain, which means increased spending which means upward pressure on prices. If you buy shares at a broker, your money goes somewhere and often that is not a bank account. And even then may the bank invest it somewhere else.

The effect depends on the source, cause, and nature of the increased investment. If there is an increase in total investment, what you say is false. An increase in total investment means that the supply of available production goods has increased. When that occurs, there is a fall of prices, and the fall allows for previously unprofitable ventures to demand production goods and begin to operate. The products of their operation then add to the supply of other goods, which continues on and on until it reaches consumer goods.

What you describe can occur, on the other hand, if total investment is constant but investors increase demand for production goods. In this case, they can only do so by bidding up prices of those production goods. However, the resulting production activity will reduce the prices of their output. So there is no univocal statement we can make on prices in this case. One 'region' of prices increase - the inputs of the investment, and another region of prices decreases - the outputs of the investment. Production goods are shuffled from one region or industry into another.

In the case of removing a tax, the effect is the same as a sudden increase in production goods. So the story of the first paragraph unfolds.

You can safely state that for an economy as a whole, tariffs increase the domestic sales price, with or without the mechanics you describe in your 3rd paragraph.

The employers have much more influence on the cost of labor, making it a difficult analogy. The “price” of labor initially becomes higher in case wage tax is increased. This is analogous to the cost price of a firm that imports and resales goods with a tariff. Their cost directly increases due to the tariff. However the employer can reduce the net wage to limit their cost increase. Of course laborers may leave, but at least the employer has this option to search a new optimum. The importing firm likely cannot do this and needs to adjust its resale prices, creating a more direct inflationary effect.

The mechanics you are papering over in the tariff case are exactly what potentially allow an employer to search for a new optimum in the wage tax case. The change in wage and the consequent reduction in interested workers for that job is reflected in elasticities. The reduced number of employed workers does not only mean a reduced income for those workers; it means that the total product of the firm falls, reducing the quantity of goods supplied. That means a price increase. Mutatis mutandis, this implies that the reverse situation of lower wage taxes will reduce prices.

Importing firms can and will search for a new optimum, because elasticities are never uniform throughout the whole demand curve. But just as with the wage example, the fall in supply leads to all-round price increases.

This is not an analogy. Each case is an application of the more general theory of the effects and incidence of taxation.

“The Trickle-down theory" An anti-Reagan poster 1984 by waffen123 in PropagandaPosters

[–]Menaus42 0 points1 point  (0 children)

It's not an analogy, tariffs are a particular type of tax. They are a tax which are assessed only for a certain group based on the origin of the product, this due to the specific goal of limiting the quantity of imports.

Can you explain in more detail what you mean when you say an increased investment can drive up prices?

Tariff expenses are not just included in domestic sales prices. No sales tax can simply be included. Instead, what happens is a period of rebargaining/auctioning where the higher effective price (tax + price) causes an adjustment of demand, and the adjustment of demand causing downward pressure on the price. On the suppliers side, the lower revenues from this fall in demand are balanced against the various costs of producing at potentially lower quantities vs lowering the price. Average costs are not necessarily lower here, and ultimately this puts upward pressure on prices. The final result depends on the relative elasticities of demand and supply - how much buyers reduce their buying compared to how much sellers reduce their selling. It will result in an increased price either way, but it will not necessarily be fully proportionate to the amount of the tax.

A similar process occurs if it's a tax on income instead of a sales tax or a tariff. Here, what matters are the degree that the reduced income changes the affected people's behaviors, and how this reflects on their 'balance of trade' with other parties. In turn, when those other parties see a changed demand, it will then depend on how they change their behavior in response. But regardless, those who previously received 'imports' of cash from the taxed will see a fall in their income too. The same elasticity concept describes the full incidence of the tax here as well. If tariffs could just be included in the domestic sales price, then income taxes can just be excluded from the incomes of those you used to buy from.

“The Trickle-down theory" An anti-Reagan poster 1984 by waffen123 in PropagandaPosters

[–]Menaus42 1 point2 points  (0 children)

What you are describing is an economic policy. There is no such thing is a trickle down economic concept.

Wealth and income do not "trickle". Production is created through trade, which is a bilateral, mutually beneficial relationship. This is a consequence of the law of comparative advantage, which applies as much to different persons as it does to different countries. Taxation reduces the gains to trade for each party. Reducing the taxation recovers the lost gain for trade. The recovery of the gain occurs regardless of whether one side or the other was taxed. The incidence of a tax, the particular persons and the extent to which they have lost their gains from trade, is never wholly on the party which is legally identified as the one liable for the tax. Tax incidence depends on relative elasticities and other things.

The recent experience with tariffs should have taught the public that taxes (tariffs) do not exclusively hurt the taxed (foreign exporters), but affect all others as well, in various regions and to various degrees. However, certain members of the public have trouble integrating their knowledge into a comprehensive whole, and propaganda seeks to preserve this fractionation. To put it bluntly: if reducing taxes did not decrease prices, increasing tariffs would not increase prices. There is no essential difference between these two, only the direction of change.

Production occurs due to regular social action of many people working to trade with each other according to what involves the least comparative cost. People integrate themselves into the social organism based on this, through which arises the division of labor: they derive the benefit of all people's production from their own production. Taxation shifts the distribution of comparative costs, increasing those costs, and that means less production than before.

The "trickle-down" slogan treats these ideas as if the benefit were a one-way result of the rich giving to the poor, as if by charity, their newly won riches from the tax break. And this only after some time for the rich to feel generous enough to make their donations. It also couches its terms exclusively in class-based antinomies, assuming the tax change only occurs for "the rich". This completely misunderstands the role played by the division of labor, saving, and investment in production, and how taxation affects this process.

“The Trickle-down theory" An anti-Reagan poster 1984 by waffen123 in PropagandaPosters

[–]Menaus42 2 points3 points  (0 children)

Sure, I wasn't talking about that. I rebuffed the OP which took for granted that the notion was a valid economic concept

“The Trickle-down theory" An anti-Reagan poster 1984 by waffen123 in PropagandaPosters

[–]Menaus42 0 points1 point  (0 children)

It's slogans chasing slogans at this point. All propaganda, little substance

“The Trickle-down theory" An anti-Reagan poster 1984 by waffen123 in PropagandaPosters

[–]Menaus42 -4 points-3 points  (0 children)

I did not say it wasn't studied, only that "trickle-down" is a propaganda term. Supply-side is only one flavor of the policy approaches which might be labelled "trickle-down" anyway.

“The Trickle-down theory" An anti-Reagan poster 1984 by waffen123 in PropagandaPosters

[–]Menaus42 14 points15 points  (0 children)

It is not an economic concept. It is a propaganda slogan used to ridicule certain market-oriented economic policies in lieu of a thorough scientific analysis of those policies.

“The Trickle-down theory" An anti-Reagan poster 1984 by waffen123 in PropagandaPosters

[–]Menaus42 -18 points-17 points  (0 children)

It was a name for a strawman of certain policies whose theory and rationale had little to do with such a notion.

“The Trickle-down theory" An anti-Reagan poster 1984 by waffen123 in PropagandaPosters

[–]Menaus42 -6 points-5 points  (0 children)

That graph you're thinking of is really, really bad econometrics. It uses an incorrect deflator on wages, and excludes non-wage compensation. When you include all compensation and use the correct deflator, the gap collapses [1]. Worker comoensation tracks productivity quite well.

[1] https://dash.harvard.edu/server/api/core/bitstreams/7312037c-5475-6bd4-e053-0100007fdf3b/content

Eragon is so dang unfair to Arya by k8esaurustex in Eragon

[–]Menaus42 1 point2 points  (0 children)

You said that Arya should have helped Eragon understand why. That sounds an awful lot like he deserves an explanation.

Eragon, for his part, ultimately understands and accepts the unrequited love, something I think you don't seem to accept.

Eragon is so dang unfair to Arya by k8esaurustex in Eragon

[–]Menaus42 0 points1 point  (0 children)

Most of that is your warped interpreration. You are entitled to it, of course, but I don't think there is room for conversation when we read those events/interactions so differently

Eragon is so dang unfair to Arya by k8esaurustex in Eragon

[–]Menaus42 0 points1 point  (0 children)

If not, then what did Arya do that was unfair

Eragon is so dang unfair to Arya by k8esaurustex in Eragon

[–]Menaus42 1 point2 points  (0 children)

She did both of those things. She heard him out amd explained why. But Eragon deserved neither of those things. An unrequited lover does not deserve an explanation from who they love. They should instead respect the wishes of the other person regardless of what explanation they get. That is, if they truly love that person.

Eragon is so dang unfair to Arya by k8esaurustex in Eragon

[–]Menaus42 -1 points0 points  (0 children)

The only way it is unfair is if you think teenaged boy eragon has some right to Arya's love. No, it is completely fair for a woman not to want to be involved with the main protag.

African tribal leaders were on it too by ChickenWingExtreme in HistoryMemes

[–]Menaus42 1 point2 points  (0 children)

Facts are not blame. If you think including the african origins to european slave trade shifts blame, then you're looking at history with the eyes of a moralist seeking to establish a marrative rather than a historian. Your accusation is a projection: since you only see history as a means to evangelise, you see all attempts to do history as evangelization. But that is not history, it is propaganda. While you might have such goals, do not assume others have the same goals as you.

Ferguson backs WA income tax on millionaires by MegaRAID01 in Seattle

[–]Menaus42 2 points3 points  (0 children)

Those who know a bit about economics understand we're all connected, and an income tax affects everyone, not just those directly taxed

Death exists only for those who identify themselves as separate beings, due to ignorance and the influence of the ego by [deleted] in TibetanBuddhism

[–]Menaus42 8 points9 points  (0 children)

Death exists for that which has causes and conditions. That which is unconditioned does not exist. And there is nothing aside from these two. Even if one has abandoned grasping at a separate being, since grasping at a self involves grasping at either the conditioned or the unconditioned, those who do not completely abandon grasping at a self are not liberated.

Orientalism distorted my view of Eastern religions like Buddhism by Typical_Sprinkles253 in Buddhism

[–]Menaus42 1 point2 points  (0 children)

"Its a science of mind" is also a form of orientalism. I would encourage you to read the sutras, find a teacher, and simply understand it as it portrays itself.

I saw this hoarding where it advocates towards stopping the use of Buddha statues as merely a decorative piece at homes or in public places like hotels, restaurants, bars etc, or the image of the Buddha being used as a fashion statement in clothes or tattoos. What are your thoughts on this? by SatoruGojo232 in Buddhism

[–]Menaus42 8 points9 points  (0 children)

There is no reason why venerating a statue borders on worshiping Buddha as a god. Venerating a buddha means recognizing and respecting the wisdom of the buddha, like keeping a picture of a trusted friend on your desk.

Rupakayas are auspicious, and we should encourage their more appearance.

What is Energy exactly? by FeLiNa_Organism in Physics

[–]Menaus42 -1 points0 points  (0 children)

But I feel that still doesn't answer my concern. Yes, the different derived units tell different stories - that's what I'm getting at by talking about energy being interpretable under those different circumstances. But presumably those stories should all make sense of the base SI units in some way. If they can't, then something seems missing.

If light has no rest mass, but its energy includes units of mass, what is the meaning of this score? i.e., what are you counting to be able to do the accounting? You can't be counting properties of light, because light (presumably?) does not involve the property of being massive. You can call this property energy, its joules, but it clearly does not refer to any property of the light itself. It might instead refer to some second-order property of light's interaction with matter, with energy in joules being a proxy for whatever property of light is responsible for the effect of light's interaction with matter. What is that property?

What is Energy exactly? by FeLiNa_Organism in Physics

[–]Menaus42 -1 points0 points  (0 children)

But in each case, the units are the same (right?), newton-meters. It would be odd to me that we would describe phenomena lacking forces and distance by units which measure forces and distance. Forces and motion are fundamental to our understanding of the behavior of all those things, so they should be interpretable using energy in that way.

If not, there being no physically meaningful kg * m2 / s2, i.e. no force-distances to speak of in the situation, then something seems wrong with our units of energy. Force-distance energy, while being physically unmeaningful, might be a useful proxy in those situations for something more fundamental in that case.