22. Government Redistribution and Taxation

[@nathanielreichert4638]

I think every human being should take this class, even if not for an accounting job, than just for their own understanding. Anyone can get practical knowledge from this. Some of these key points have completely changed how I view taxes and my own leisure time and savings and more

[@parthicle]

this guy is so engaging. Would love to see the Behavioral Econ course!

[@markomarkomarko]

it's on the MIT opencourseware website! you can find the link on youtube in the 14.13 intro lecture

[@sharemarket3821]

We want more lectures like this from mit. In india we don't get to learn so engagingly. Please do give us free lec

[@peterg617]

Please consider putting Tax Salience and Behavioral Economics classes online as well!

[@Liucl-v3s]

Very clear and enlightening

[@amybio1189]

This is amazing! Please do more videos like this :)

[@Jarlerus]

In Europe the shelf-price shown is including VAT. If the price I'd have to pay would increase when I pay, I'd be quite annoyed. (It's quite annoying for a European to shop in the US because of this). I think it's very much down to experience of whatever system you're used to, so I question the result of the study referred to in the lecture. To be sure if there's an effect, the market would have to stabilize first, and consumers would have to be accustomed to the system.

[@Mvobrito]

Yeah, imagine not being sure of how much i'll have to pay while you're shopping

[@ayrian25]

Thought exactly the same! Maybe people just bought less when the tax was included in the shelf price because they were not used to it and expected an extra amount to be at the cash register.

[@abhisheksinghasia]

Superb lecture.....for government, is it good to distribute tax returns to less hours working guys (may be poor, not necessarily working less hours rather running on 9 to 9 job) or it doesn't matter as long as the number of tax payers keep increasing on the other part after flat line of the slope you explained....? Note: Ummm...I am on the very low income side with tax returns facilities to avail.

[@ProWhitaker]

Thanks for the video

[@Pseudosapien29]

So is "Tax the rich?!" Justified then? Intuitively it just feels wrong. But Idk. Would be great if someone throws some light on this for me in replies. Thanks

[@HarshvardhanKanthode]

kzbin.info/www/bejne/pp_SfXSDfdyZaKs&ab_channel=RobertReich This gives a pretty good insight to your question

[@NRGR-dx9my]

“would it matter?” lol

[@sreyanshuchaterjee3962]

33:40 Not enough studies have been conducted to prove this theory. Cite the research and merit of such research,

[@ayrian25]

18:12 What? 😂

[@KingXKok]

Yang2024

[@FreeInPanama]

The MOST BORING way showing how taxes and redistribution work. That is why whenever someone wants to learn about it, stay away from academia, get into real world and watch maybe videos of people who explain it in more "digestive" way. And yes, I did got my economy diploma, which was proof of wasting only 4 years of my life, while all real stuff I learn was way later after I ventured into real world.

[@nishant16781]

The course name is principles od microeconomics, it is only theoretical knowledge, Economists usually shrinks the real world into models for simplicity sake that's why it gets boring cause real world is ignored

[@Jarlerus]

Yeah, involving "real life" ideologies and feelings will help with the understanding of the tools used to analyze the processes xD (It's not "Applied Microeconomics", as Nishant alludes to below)

[@FreeInPanama]

@@JAnder7985 I would say diploma in economy gave me 5% of my economy knowledge and experience later in life gave me another 95%. That is why I always I believe if someone wants to get that knowledge, he should just start business and keep educating himself for the rest of life. Today is so much knowledge available even on youtube that no one can stay ignorant about how economy works.

[@tonysoviet3692]

@@FreeInPanama yeah and he crafted the ACA Bill for Massachusetts. Interestingly, the idea in this lecture (Doesn't matter who pay the actual tax) is his reasoning for imposing additional taxes on insurers in the Bill. I would say that at least understanding the theoretical foundation gives you some ground to stand on in understanding the real world, and if you don't have such foundation, you are prone to just listen to whoever yells the loudest.

[@abdullahabbasi834]

@@FreeInPanama you are abslolutely wrong I have recently started economics and I learned 95% of economics in theorical stuff . Its different for everyone maybe it was boring for you and you were just wasting your time but if you have enthusiasm you will enjoy so don't mislead others by your nonsense opinions.