Where do you plan to live when you grow old? That is a question 70 million Baby Boomers, millions who came before them and untold millions born after them will have to answer at some point. It will become a national problem as Baby Boomers squeeze elderly housing institutions like they did every other institution they encountered at every stage of their lives. Senior housing is already expensive, and it will become even more expensive in the coming years.
Wednesday Links
- “Nearly every part of modern dentistry and orthodontics involves—and is enhanced by— plastics.”
- AI psychosis is an apparent phenomenon where people go crazy after talking to chatbots too much.
- Balkir, Saez, Yagan, and Zucman (BSYZ): the total effective tax rate for the top 400 averaged 24% in 2018–2020 compared with 30% for the full population and 45% for top labor income earners.
- Response to BSYZ: long-run top 400 effective tax-and-giving rates could exceed 75%.
- Matthew Holt discovers the unpleasantness of bureaucracy.
Some States Pay Family Members for Caring for Frail Loved Ones
Long term care is expensive. Aging parents may own a home but cannot provide the care for a partner or on their own. Home care is not always an option either. It too can be expensive and there is a shortage of home care workers. Millions of people take care of their aging loved ones in their home and are paid nothing for it. Or they move in with parents to help and are paid nothing for it.
Monday Links
- Why Econ 101 can’t explain the AI market.
- Giving people monthly cash income doesn’t seem to accomplish much in he US, but cash grants in Kenya not only reduced poverty, they actually saved lives. (Caveats)
- Even the left now believes that “the people in charge imposed sweeping restrictions that they knew were pointless public health’s response to covid.”
- (Obamacare) marketplace plans pay professional fees that are 6.9 percent lower than small group employer plans. Their inpatient prices are 13.3 percent lower, and outpatient prices are 26.3 percent lower.
- Why men and women differ about politics: There is a 30-point sex gap (men over women) in support for increasing nuclear power generation in the US.
- Why socialists don’t win many American elections.