tag:blogger.com,1999:blog-8358039.post8852598460384288025..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Tourism - The Zero Sum Game That Should Be PlayedCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-8358039.post-55203140942223417552014-04-22T21:39:24.919-07:002014-04-22T21:39:24.919-07:00Captain,
I am writing to you not for anything mor...Captain,<br /><br />I am writing to you not for anything more important than intellectual curiosity. <br />I am a casual reader of your blog, and your rhetoric and logic strike me as quite solid and good food for thought.<br /><br />I am currently living as a bachelor and going to college part-time, hoping to go full-time fairly soon. What I've noticed is that alot of your rants are direct attacks on many basic principles of my macroeconomic class. I'd like to know what authors or books I should read for alternative explanations of economic principles, being that you seem so adamantly against what I'm learning in class.<br /><br />Cheers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-13874059861123537772014-04-22T19:28:28.871-07:002014-04-22T19:28:28.871-07:00There is another big reason for the campaigns to p...There is another big reason for the campaigns to promote tourism. Politicians have discovered that tourists are relatively tax insensitive. 12% hotel tax? 6% ticket tax on top of sales tax? Who cares, I'm having fun!<br /><br />Tourists pay $25 million dollars in local taxes in my suburban county - and that was before the new casino opened. Thanks, visitors!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-43879437492332479602014-04-21T16:48:26.422-07:002014-04-21T16:48:26.422-07:00Couldn't the same be said for any product or s...Couldn't the same be said for any product or service that competes with products or services offered in other states?golden geese newshttps://www.blogger.com/profile/06456006010918216238noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-92078349886497575512014-04-21T14:54:10.548-07:002014-04-21T14:54:10.548-07:00What about the tourism that is cross border shoppi...What about the tourism that is cross border shopping?<br />Canadians regularly cross the border to take advantage of the relative tax differential between American and Canadian stores.<br />(Caused, I believe by the taxes Canadians pay for a larger welfare state and universal health care and equalization payments made to the provinces by the feds to 'guarantee' universal service standards across the country.)<br />Don't ask me for stats but if the difference is 25% and you can justify your trip by coming out ahead on your purchases then it's not a zero sum game.<br /><br />What about the comparative tax advantage between states?<br />I can go to lower taxed Texas and watch the Texas Rangers play the Red Sox far more cheaply than if I went to Boston to watch the same teams play.<br />Boston will have higher taxes on hotel rooms, drinks, food, gas than Texas.<br />And I can still stop in Grand Forks on the way back to Winnipeg and do some cross border shopping.Dance...dance to the radiohttps://www.blogger.com/profile/16688681743093469863noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-48587627194287792912014-04-21T13:39:59.893-07:002014-04-21T13:39:59.893-07:00I am a little confused here. Could not the tourism...I am a little confused here. Could not the tourism experience be considered a product that adds real value to lives?<br /><br />I went on a safari hunt in Zimbabwe last summer. The safari operator provided me with a product(the hunt) that I desired. <br /><br />Without the safari operators providing this product, I could not have gone there. I purchased their product -etc etc.<br /><br />Also, the trophies will be shipped back here and taxidermy will be completed in the US (some was in Zimbabwe). <br /><br />I am confused how this whole process is Keynesian.<br /><br />Breaker Moranthttps://www.blogger.com/profile/09479195978186693279noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-17137560781170785212014-04-21T12:10:16.690-07:002014-04-21T12:10:16.690-07:00Trooper A, that is the funniest more smart fucking...Trooper A, that is the funniest more smart fucking shit I've heard in a long ass time.<br /><br />50 merit points to you my good sir.Captain Capitalismhttps://www.blogger.com/profile/05620212946121617985noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-64642348437518060072014-04-21T11:25:30.465-07:002014-04-21T11:25:30.465-07:00OT but you gotta check this out.
http://www.the-a...OT but you gotta check this out.<br /><br />http://www.the-american-interest.com/blog/2014/04/20/chicago-startup-invests-directly-in-students/dance...dancetotheradionoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-72022595974502024812014-04-21T10:44:09.833-07:002014-04-21T10:44:09.833-07:00I have to give the Ontario (a province in Canada) ...I have to give the Ontario (a province in Canada) example. The Ontario government tourism department, promotes tourism within Ontario. We have all sorts of local billboards and local TV advertising, telling us to visit Ontario. They promote tourism to people, that already live in Ontario. <br />At least in your example, the people of Wyoming get a benefit from the folks visiting from Pennsylvania. <br />The Ontario government should be promoting tourism to American tourists. That would have a benefit to the Ontario economy.But they can not figure out that simple logic.<br />Oh and BTW, the TV commercials are politically correct in the extreme. And as you might have guessed, rather nauseating. <br /><br /><br />http://www.youtube.com/watch?v=NYwS8XataJgAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-71388123072554036222014-04-21T10:05:45.946-07:002014-04-21T10:05:45.946-07:00Oh come on! I have a far easier time believing tha...Oh come on! I have a far easier time believing that a man was nailed to a plank of wood 2000 years ago than I do that Keynesian economics will work in any way shape or form. (I assume you're dubious about the whole "Jesus resurrecting himself from the dead" bit, but even the staunchest atheist would have to admit that there's more compelling testimony and evidence presented for the veracity of that over the veracity of Keynesian economics.)TroperAnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-3694063527030456152014-04-21T09:15:58.833-07:002014-04-21T09:15:58.833-07:00Did you write this cap?
A sum isn't the goa...Did you write this cap? <br /><br />A sum isn't the goal - its the flow. The gas station operator in Wyoming now has 100 dollars to spend on the prostitute from California - who finally has enough saved for a down payment on a brothel in Nevada. <br /><br />Not news - (and the system sucks) but "new" money is created via debt. In my example the market moved money into the hands of somebody who was able to use it to actually grow the economy. <br /><br />Money moving from one area to another to find the efficiency (and the entrepreneur) is actually capitalism working properly. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-28177415855323849202014-04-21T09:14:58.726-07:002014-04-21T09:14:58.726-07:00Did you write this Cap?
A sum isn't the goa...Did you write this Cap? <br /><br />A sum isn't the goal - its the flow. The gas station operator in Wyoming now has 100 dollars to spend on the prostitute from California - who finally has enough saved for a down payment on a brothel in Nevada. <br /><br />Not news - (and the system sucks) but "new" money is created via debt. In my example the market moved money into the hands of somebody who was able to use it to actually grow the economy. <br /><br />Money moving from one area to another to find the efficiency (and the entrepreneur) is actually capitalism working properly. <br /><br /> Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-33988181496943002872014-04-21T08:38:40.989-07:002014-04-21T08:38:40.989-07:00"The money those mid-life crisis men spent on..."The money those mid-life crisis men spent on booze at the Occidental Hotel (which I highly recommend) did in fact benefit the local economy in Buffalo, Wyoming, but at the expense of Saskanoose, Michigan.."<br /><br />I wouldn't consider "at the expense of". Not only does it sound as much leftist terminology as it can get, but the money/dollar supply in both places must be also taken into consideration in a "That which is seen, that which isn't seen"-way (à lá Bastiat). <br /><br />That is, less money circulating in Saskanoose, Michigan would eventually result in a lowering ofprices (all else being equal?), thus benefitting its inhabitants with higher purchasing power.<br /><br />The opposite effect would occur in Buffalo, Wyoming, I should say.<br /><br />Eh, non-economist here.<br /><br />Cheers!<br />J H Phttps://www.blogger.com/profile/09020966621312965657noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-39338490828725125342014-04-21T08:31:41.685-07:002014-04-21T08:31:41.685-07:00This seems so glaringly obvious that it's hard...This seems so glaringly obvious that it's hard to understand why it needs to be mentioned.<br /><br />But you're right, it does.<br /><br />Look at the main argument to push legalized casino gambling: it will help stimulate our economy!<br /><br />No, it won't stimulate your economy. It will possibly (no guarantee) just curtail the bleeding that's going on b/c you gave up producing a valuable (aka desired) good or service.<br /><br />But this approach has severely diminishing returns, and at its logical conclusion it will just slow money flowing from your town to that of more interesting places like Vegas. But there is still a cost associated with legalized casinos, so it will still mean these towns lose money.DrTorchnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-62486414734929694082014-04-21T07:51:31.525-07:002014-04-21T07:51:31.525-07:00Well at least the dollars are circulating in the U...Well at least the dollars are circulating in the United States instead of dead ending in Iraq and Afganistan. Anonymousnoreply@blogger.com