Library of Economic Possibility
@LEPossibility
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A knowledge platform for the next economy. Now available to the public with reports on basic income, codetermination, and land value taxes.
Joined January 2021
1/ The Library of Economic Possibility (LEP) is now live 🥳. Our mission is to advance public knowledge of innovative economic ideas for a thriving 21st century economy.
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RT @kaseyklimes: How land value tax (a tax *cut* on buildings) creates a virtuous cycle of development, reducing the price of both land and….
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RT @kaseyklimes: You might know how land value tax could address the housing crisis, or how inclusionary zoning creates affordable housing.….
kaseyklimes.com
The whole of these two policies working together is greater than their sum.
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📣 come hear the good news.
The wealth of a typical American household is way up since the pandemic. Inequality is down. Debt-to-income ratios are falling. Racial gaps, education gaps, urban-rural gaps, and age gaps have decreased. 🇺🇸🇺🇸🇺🇸🥳🥳🥳
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RT @FairweatherPhD: TIL Minnesota has introduced a land value tax bill. Not sure how likely it is to pass, but Minneapolis might become Ame….
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RT @LEPossibility: Let 1,000 economic policy research databases bloom! If you're looking for available datasets, @lenorepalladino's list he….
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Let 1,000 economic policy research databases bloom! If you're looking for available datasets, @lenorepalladino's list here is a great resource. If you're looking for insights about a particular policy or topic (or a combo of both), we hope our site provides a useful tool
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We need more experiments, and the public agrees!
Does the public hate experiments?. No!. "We find that 75% support the idea of small-scale evaluations of policies before enacting them at a large scale." . Experimentally varying whether the evaluations are called "experiments" has zero effect on public support of experimentation
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Another basic income experiment is in the works in St Louis. 👀
Trusting parents like @StocktonDemo participant Tomas to make the BEST financial decisions for their kids works - period! STL Guaranteed Basic Income will give hundreds of St. Louis families the financial stability they need to grow and thrive with $500/month direct payments ⬇️
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RT @AWJustus: Is Detroit fixing to be the biggest US jurisdiction with a split rate land value tax?
crainsdetroit.com
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One thing about the expanded child tax credit is that it seemed to work Really Well, & a huge majority of economists agreed:
economicpossibility.org
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In 2021, the expanded child tax credit pushed child poverty to the lowest rate on record. Then it expired, & child poverty more than doubled at record pace, like removing a weight from a loaded spring. What if we simply didn't do that?.
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RT @ZParolin: Census announces SPM child poverty rate of 12.4% in 2022. Context: from 1967 to 2021, the largest year-over-year increase in….
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RT @jonathanhung: .site is so cool, content so relevant. Tickles the economist, science fiction writer, info arch….
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Split-rate tax increases development activity as measured by building permits.
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The proportion of West German workers in firms with 500+ employees has mildly declined from 94% in the mid-nineties to 85% in 2018.
economicpossibility.org
The authors speculate that declines may be driven by the rising service sector economy.
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Most economists do not share the hypothetical concern that a UBI would cause high inflation. Source: the @StanfordBIL UBI research visualization.
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Trapezoidal income support structures (like the Earned Income Tax Credit) may fail as an economy-wide stabilizer during periods of economic recession. Authors: researchers from the @jainfamilyinst .
economicpossibility.org
"The Earned Income Tax Credit is the largest and perhaps most effective income support program in the U.S., providing roughly 63 billion dollars to about 25 mil…
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Denmark has used land value taxation since 1924. The rate ranges from 0.6 to 2.4% on the land's estimated market value, payable to local authorities/country, and the land value is revalued every two years.
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A tax-funded, $1,000/month UBI is modeled to raise prices by 0.56% over baseline after eight years. Authors: @GennaroZezza, @Econ_Marshall, @mnikiforos .
economicpossibility.org
Using The Levy Institute's model of the economy, The Roosevelt Institute ran econometric simulations to predict the effects of various levels of Universal Basic…
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A revenue-neutral LVT (in a Texas municipality) would decrease average tax liabilities for single-family properties by 30%, shifting them onto commercial & industrial property classes.
economicpossibility.org
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