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by david927·16y ago·view on hn ↗
physicists are smarter than professors of French Literature

I would tend to say the opposite. Paul, you're mixing up here what I would call "savantism" with intelligence. We know that there is no true definition of intelligence, but I think whatever the definition ends up being, it has to be based more on understanding than just knowledge and mechanizations within that knowledge. Who would be more afraid, in your scenario, between the physicist and a Cantonese scholar?

if [Finland] seems that much more socialist than the US, it is probably simply because they don't spend so much on their military

Exactly. So it's not about dismissing Socialism (especially since all modern countries operate on both Socialistic and Capitalistic principles), as much as making an argument as to what the upper tax bracket should be. And for that, I would look at companies that have tremendous bonus systems. (I won't exhibit the obvious.) Are they more productive? Do they take more risks? What are the benefits and consequences of those risks? Personally, I'm not as concerned about the marginal incentive between $10 million and $1 billion as I am that a society, as a whole, functions, and doesn't degenerate into something "solitary, poor, nasty, brutish, and short".

2 comments
It's not so much what the upper bracket should be, it's about what the threshold for the bracket needs to be!

In Belgium, the top bracket of 50% starts at about 32,000 euro's. In addition to that, there's a separate flat social security tax of 13%, meaning that my marginal tax rate is about 60% - with a mediocre salary.

> if [Finland] seems that much more socialist than the US, it is probably simply because they don't spend so much on their military

I just have to interject that even if Finland spends relatively little of money for it's defense, when you consider all costs the budget climbs quite high. What I'm obviously talking about is conscription, which Finland still has in use. Just how do you measure the cost of one year of the life of nearly the entire male population?