Biden's New Tax Plan, Algorithmic Pricing, and Noah's Media Diet

"Econ 102" with Noah Smith and Erik Torenberg

This week on Econ 102, Noah Smith and Erik Torenberg discuss the pros and cons of Biden's tax plan based on Noah's recent essay. They also answered listener questions on the German economy's success, Japan's government debt management, and strategies for staying well-informed on economic issues.

Recommended Podcast: Company Breakdowns

Each episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episodes are on Reddit, Klaviyo and Rubrik - which just IPO'd.

Spotify: https://open.spotify.com/show/0epyYBAxLeF0PsNagdDJAJ

Apple: https://podcasts.apple.com/us/podcast/company-breakdowns/id1743119197

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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [e-mail]

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LINKS:

Noahpinion: Biden is Right https://www.noahpinion.blog/p/biden-is-right-that-we-need-to-raise

Noahpinion: https://www.noahpinion.blog/

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TIMESTAMPS:

(00:00) Intro

(00:51) Biden's Tax Plan: A Critical Analysis

(10:45) Argument for and Against Tax Increases

(15:41) Sponsor: Beehiiv

(16:57) Exploring Capital Gains and Inheritance Taxes

(23:07) Impact of Inherited Wealth and Productivity

(28:17) Potential Impact of Taxing Unrealized Gains

(30:02) Sponsor: Harmonic

(31:08) Progressive Wage Subsidies vs. UBI

(33:12) Political Activism: Then and Now

(43:21) Germany's Success in Manufacturing

(45:35) Japan's Government Debt and Deflation

(47:45) Discrepancy between S&P 500 Growth Rate and GDP Growth Rate

(50:42) Effects of Algorithmic Pricing on Competition

(53:45) Noah's News Consumption

(56:36) Wrap