Greg Mankiw, “Higher Taxes Mean I’ll Work Less” (h/t Megan McArdle; bugmenot may of use) – from the article: Without any taxes, accepting that editor’s assignment would have yielded my children an extra $10,000. With taxes, it yields only $1,000. In effect, once the entire tax system is taken into account, my family’s marginal tax rate is about 90 percent. Is it any wonder that I turn down most of the money-making opportunities I am offered?
Ario Farin, “All that is solid” – from the post: Leipzig is on the verge of completing a major construction project which aims to regenerate the city and its hinterland to attract more outdoor and water sports tourism. To this end, an intricate network of cycle paths has been laid out and connected away from the main roads and through the city’s remnants of nature, such as the Auenwald, the floodplain forest around which Leipzig was built.