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Economy

Capital Gains Can Be Labor Income

Zwick and Zidar argue that a substantial share of the decline in labor share can be accounted for by changing forms of pay, including pass-throughs and equtiy compensation. In particular, if an employee is paid in stock and that stock increases in value then the tax rules tend to count some of that as capital […] The post Capital Gains Can Be Labor Income appeared first on Marginal REVOLUTION. CommentsIRS tax… 83b election wage income to capital gains by AtomRelated StoriesDo falling birth ra...

United States
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Politics

Ilya Somin defends the American Revolution

1. Far from retarding the abolition of slavery, the Revolution actually accelerated it. Its triumph gave a big boost to Enlightenment liberalism, which inspired the First Emancipation in the US (the abolition of slavery in the North that became the first large-scale emancipation of slaves in modern history), and boosted antislavery movements in Europe, as well. 2. […] The post Ilya Somin defends the American Revolution appeared first on Marginal REVOLUTION. CommentsIn reply to Dismalist. Suga...

United States
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Politics

Can You Hate the Government and Still Love America?

Reem Ibrahim appears on the left. Nick Gillespie appears on the right. The center square has an image of fireworks going off above the National Mall in Washington D.C. during the July 4th celebration. Bold text across the top of the screen reads "IS AMERICA STILL GREAT?"

United States
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Technology

Winning the AI Pentathlon Requires Endurance

Global artificial intelligence (AI) competition is not just a sprint to develop advanced AI but also a marathon to accumulate its net benefits. Resilience is a strategic advantage as AI integration likely will involve persistent disruption

Global
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