Corey

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Corey

Corey

@CoreyLeander

Math from @IUIndianapolis Thinking about economics, history, & energy

Indianapolis, Indiana 加入时间 Nisan 2026
1.8K 关注178 粉丝
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Corey
Corey@CoreyLeander·
Would you believe me if I said it's possible to: - cut the highest effective tax rates in the country below 50% - cut capital gains taxes by ~ 4% - have net income rise among the bottom 60% - AND raise > $600B revenue/year *very* progressively? @mattyglesias, @Noahpinion, @jdcmedlock
Corey tweet media
Corey@CoreyLeander

"Conservatives may decry the VAT as an instrument of European socialism, but they have proposed VATs themselves, just under alternative names. They speak of the VAT like the wizards in the Harry Potter stories speak of Voldemort—careful never to say the name."

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Corey
Corey@CoreyLeander·
@AHC1776 Check out Mary Beth Norton's 1774 if you get a chance
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American History Central
American History Central@AHC1776·
A big time score from eBay. From Resistance to Revolution by Pauline Maier has some key information about the Stamp Act Crisis.
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Corey
Corey@CoreyLeander·
@ryanscottborman @SethBorman Man that's such a sad way to conceive of government. Gotta read the New Deal/early 20th century history! Government can do great things when it decides to cut red tape and mobilize. China build hospitals in days during covid.
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Corey
Corey@CoreyLeander·
@Afinetheorem Yup, I would tax large total cycle political contributions above 100%, tax gains at death, and repeal the red herring that is the estate tax to replace it with general transfer tax system with lifetime exemptions. I think the VAT does help you narrow the labor-capital gap
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Kevin A. Bryan
Kevin A. Bryan@Afinetheorem·
@CoreyLeander For sure, but I think you would need to charge it on, eg. political donations, large gifts, bequests, etc, as well as the usual categories. A Warren Buffett rule: rich need to pay a higher marginal rate than the rest. We do have werning-straub optimal tax rules already though...
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Kevin A. Bryan
Kevin A. Bryan@Afinetheorem·
A good centrist econ q: I disagree a ton with Zucman, but "one person has wealth 1000x LeBron, 10000x Fortune 500 CEO, 500000x middle age econ professor" seems politically unsustainable. Especially so if they pay lower lifetime tax than upper middle class, or give to kids. 1/2
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Corey
Corey@CoreyLeander·
@SethBorman @ryanscottborman The same thing the National Guard is doing when they could be deployed overseas. There's no need to dramatically downsize the federal workforce or wait for new worker programs to pump out workers. Just put people on hand to work that are willing and able. Pay them well.
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Seth Borman
Seth Borman@SethBorman·
@CoreyLeander @ryanscottborman Then ask yourself what people that COULD be building things are doing when they aren't building buildings, and figure out how to lure them away from that and back onto a job site. Or figure out how to train more workers. FEMA doesn't build. Some of their employees might.
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Corey
Corey@CoreyLeander·
@besttrousers I think people lack policy ambition because they assume the political will would never materialize. In reality, the political will can be summoned *because* of the ambitious policy being seen as a plausible, effective path.
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Corey
Corey@CoreyLeander·
@utility_enjoyer @Afinetheorem The estate tax doesnt really exist. Ask yourself why Republicans spent the last few decades railing against it only to go mum on repealing it in 2017 and 2025
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Utility Enjoyer
Utility Enjoyer@utility_enjoyer·
I don't see a net benefit in taxing away founder control of companies during their lifetimes. Meanwhile, we've already got pretty good mechanisms for breaking up large fortunes over generations, including a 40% estate tax and a societal norm of splitting up inheritance among all kids (of which Musk in particular has a lot).
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Corey
Corey@CoreyLeander·
@ryanscottborman @SethBorman That's fine. Use FEMA or [insert other large agency] that could be assigned to literally work and help build houses, not create bureaucracy. I just want to supercharge the workforce, physically, to get more built more quickly.
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Ryan Scott
Ryan Scott@ryanscottborman·
@CoreyLeander @SethBorman USACE doesn’t build things, they manage. And everything is more expensive when they manage it, because their goal Is as much to ensure you only use American products as anything else.
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Corey
Corey@CoreyLeander·
The government can be made to say yes lol, that's the beauty of its leadership being elected. The point is, this can't *just* be contracted out, or else we'd already be doing that. One needs incredibly large financing and a huge influx of bodies to build quickly on an emergency footing. I'm ambitious! I only mention USACE b/c of their name. I know nothing of them specifically. Replace that with FEMA, or another similar agency.
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Seth Borman
Seth Borman@SethBorman·
@CoreyLeander Contracting it out is precisely how you get that kind of effort... but the government can't do it since the governments super power is 1) saying no and 2) financing things. Those things are in direct opposition.
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Corey
Corey@CoreyLeander·
I just want to mobilize as many bodies as possible to pour concrete foundations, mount drywall, and build floor joists. You cant just contract this out. It has to be done in a wartime, emergency-footing style way while maintaining high build quality. That combinations requires lots of manpower
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Seth Borman
Seth Borman@SethBorman·
@CoreyLeander They don't multiply anything. I had a female colleague that quit because one of the USACE PMs kept jerking off in front of her. They upgraded him to a windowless office.
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Corey
Corey@CoreyLeander·
@Afinetheorem You can reliably raise $600B-$700B *per year* w/ a progressive, universally rebated 20% VAT. It would leave the bottom 60% better off, & target the wealthy w/ high consumption most directly. It would function as both a direct one-time wealth tax & ongoing indirect wealth tax
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Corey
Corey@CoreyLeander·
@Afinetheorem True but I do think you'd induce large behavioral responses, like less realization & more avoidance, & thus less investment Maybe a better scheme is one w/ a broader base: lower the top marginal income tax rates (37% to 34%) & institute a rebatable VAT: x.com/CoreyLeander/s…
Corey@CoreyLeander

Would you believe me if I said it's possible to: - cut the highest effective tax rates in the country below 50% - cut capital gains taxes by ~ 4% - have net income rise among the bottom 60% - AND raise > $600B revenue/year *very* progressively? @mattyglesias, @Noahpinion, @jdcmedlock

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Corey
Corey@CoreyLeander·
@SethBorman I dont want them "involved" so much as I want them to be a force multiplier for the private companies so many many units can be built quickly to shock the housing market. Just need more bodies!
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Seth Borman
Seth Borman@SethBorman·
@CoreyLeander I've worked with USACE before. You don't want them involved. Just start issuing permits to actual developers and builders!
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Corey
Corey@CoreyLeander·
@Afinetheorem I think 60% is far above the revenue maximizing rate, and that's before you include state and local taxes. So it may both hurt investment, and raise dramatically less than it a static calculation (hundreds of billions) would suggest.
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Kevin A. Bryan
Kevin A. Bryan@Afinetheorem·
What to do? How about "very high tax - like 60% - on any realized cap gains, political donations, consumption, bequests, or movement outside country." Eg, literally any non-on paper $ aside from bona fide charity. What am I missing? Political alternatives seem much worse...2/2
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Corey
Corey@CoreyLeander·
@Duuhhh13 @jasonachristian Isn't everything you just listed besides Iraqis completely false and fabricated though?
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Mathcore McConaughey (DTI)
Mathcore McConaughey (DTI)@Duuhhh13·
@CoreyLeander @jasonachristian And Syrians, Libyans, Iraqis, Yemenis, Lebanese, victims of u.s. sponsored cartel violence, Guatemalans, North Koreans, sponsoring SA's genocide in the Congo. That's only this generation. Your opinion is worthless if you're not aware of this.
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Corey
Corey@CoreyLeander·
@scottlincicome *Why* are there so many discussions about budget fixes rn? SS thing from last week? Progressive/universally rebated VAT, lower top marginal income tax rates from 37% to 34%, lower capital gains from 23.8% to 20%, lower corporate taxes to 20% w/ full expensing -- raises $650B/yr
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Scott Lincicome
Scott Lincicome@scottlincicome·
Lotta talk about budget fixes rn, but IMO not enough about my favorite (very wonky) one: "Basing benefit increases on the chained CPI would reduce Social Security’s long-term shortfall by roughly one-fifth, without raising taxes or cutting benefits." cato.org/commentary/soc…
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Corey
Corey@CoreyLeander·
@TahraHoops Tariffs should be replaced with a progressive/rebated VAT, combined with a top marginal income tax *cut* from 37% to 34%, which currently targets professionals like lawyers, doctors, academics, and in demand blue collar workers: x.com/CoreyLeander/s…
Corey@CoreyLeander

Would you believe me if I said it's possible to: - cut the highest effective tax rates in the country below 50% - cut capital gains taxes by ~ 4% - have net income rise among the bottom 60% - AND raise > $600B revenue/year *very* progressively? @mattyglesias, @Noahpinion, @jdcmedlock

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Tahra Hoops
Tahra Hoops@TahraHoops·
The U.S. has capacity to raise $ 5T+ over the decade just by reversing Trump tax cuts and closing loopholes. We need to agree on what to prioritize and that is helping low- and moderate-income families, while ensuring we don't blow the fiscal room on policies that don't. cbpp.org/research/feder…
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Corey
Corey@CoreyLeander·
@Brendan_Duke That's fair. But also it's hard to think about scale in that way when you're used to thinking in terms of a $1.8T deficit.
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Brendan Duke
Brendan Duke@Brendan_Duke·
@CoreyLeander You can divide that. I actually think you need to use the ten-year numbers to truly understand the dynamics here. For example, the cuts to health care in H.R. 1 ramp up over time so the 2026 cost is small while the 2039 cost is enormous.
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@AHC1776 @ryanscottborman @SethBorman @Afinetheorem @besttrousers @utility_enjoyer @elonmusk @BarackObama