Friedman on Shiller on Risk

Patri Friedman has posted a commentary on a talk by Robert Shiller that is just plain delicious mind candy.

@hamilt0n I forgot for a second about holding the bracket definitions fixed, and was thinking of a higher top brack… twitter.com/i/web/status/1… 7 hours ago
@ekstasis At least some compensation over the threshold gets shifted into firm-level consumption/perks, putting som… twitter.com/i/web/status/1… 8 hours ago
@kayla10x The question holds the current bracket definitions fixed. Top is $500K. If compensation for the unit of w… twitter.com/i/web/status/1… 8 hours ago
More important consideration is that income taxes are relatively distortionary and inefficient. You can get more mo… twitter.com/i/web/status/1… 8 hours ago

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