u/Complex-Connection56

Stiglitz's asset pricing model reflects the value of equity as composed of the value of productive capital and capitalized monopoly rents. He further states in his recent book on inequality regarding a hypothetical decomposed asset value model for ideal taxation, with asset prices being decomposed into risk-free treasury bill rates, market beta, alpha generated by firm's a portfolio manager and monopoly rents (which i think is blurry-lined with the aforementioned alpha generation) and how to avoid taxing risk-free rate portion to prevent market distortions, tax market rates at the same level as corporate taxation, tax the alpha generation as income taxation (instead of CGT) and tax monopoly rents as heavily as possible to correct for monopoly externalities.

What are some caveats of such a model, if hypothetically it was possible to decompose asset prices? If there are any references or responses to this analysis by Stiglitz I would really appreciate it!

I am not sure if this is the right forum to ask a question like this, please redirect if there are better places to ask this.

"the rich aren't going to italy to see rome, they are going to their friend's private farm in basilicata"

"the wealthy dont wear versace, they wear unnamed tailored clothes with material skinned off one of 3 rare sheeps in the world"

"true wealth doesn't talk, it whispers"

"here are 5 private member clubs in london where there is no waitlist, you can only enter through reference, and king edward was in it"

the same pierre bordieu analysis of class signaling on reels

it seems like a not-so subtle message towards promoting aspiration towards such a lifestyle - gaining a sense of superiority by "being in the know"

maybe its a sign towards our return towards a feudal distribution of wealth and the new aristocracy. for some reason, our new aristocracy and people aspiring towards the aristocracy want to wear the skin of old "high-culture", very fisherian death-of-the-future situation, our nobility ideals are just a sequel for ones in 1600s

I am talking specifically about the time right before the discovery of the new world and food that comes with it and the decline in the cultural use of spices after control of the spice trade, around 1300-1500 CE. I always wondered, was the aristocratic food relational with aristocratic south asian cuisine with high use of spices with meat, or something else? also specifically looking for information regarding italy (specficially central-northern like Genoa or Venice)

being engulfed in layers of irony and the lack of sincerity that is the norm of culture in the first world can be distortionary at times- when I go back home, I try to appreciate what I perceive being lame third world humour

just saw rory stewart trying to argue with gabriel zucman on wealth taxes and it filled me with so much rage. fuck these people, rory stewart, konstantin kisin and others of this ilk

at least with ben shapiro or jordan peterson i know i'm dealing with a grifter, people like stewart with their oxford degrees express their opinions in their kensington accent and debate club structure with a veneer of sincere opposition when they are genuinely just the soldiers wealth defence industry

Are there no appointments or am I missing an MRV payment window, as I cannot pay the MRV fee without an available appointment - and I cannot see any appointments available. I need to travel to Miami for a week in August. I am an Indian citizen living in Italy temporarily.

https://preview.redd.it/xx6rtpbw0j8h1.png?width=2118&format=png&auto=webp&s=6a2019adf78d79bd89b23f3a8b5833a0624b747a

Also, is it possible to apply for a nonimmigrant B2 visa as a TCN in Warsaw or Krakow or is that method patched?

barely an hour of hard workout 3-6 times a week for an year or two while listening to your favourite music/podcast/youtube essay in an a/c room with no work stress/responisibilities. i will forever be grateful to my 16 year old self for being consistent - so i can be inconsistent and relaxed today. it greatly improved my life in college, not just in dating, but just being active and being able to do things, and feeling confident in my skin while feeling like i was being perceived. i now workout like once every 7-9 days and still maintain my physique

edit: title: highest reward-effort ratio activity

i can draw the world map with state and (some) region borders by memory

took a flixbus to courmayeur last winter, borrowed ski gear from my friend, paid student discounted price for ski pass and made some amazing friends.

went to sardinia on a ryanair cheapest of the week flight last summer, rented a tent from my college for free, travelled to porto cervo on local cheap bus services.

looking for more bullshit like this to do this summer - eyes on pantelleria

i love economics, i am about to start my masters in it and it is extremely rigorous - but i hate when certain academics within economics have this physics envy and want to have a quantitative empirical analysis for everything while downplaying cross disciplinary interactions especially with other less "quant" social sciences like sociology, and refuse to discuss the broader picture, when it itself is the most cross disciplinary discipline out there - especially downplaying interactions with moral philosophy.

caveat: studying econ in a business school doesn't help - probably professors at amherst are different and willing to engage in more heterodox discussions.

> title unrelated

48.2 degrees C (118F) back home in the most densely populated region in the world, lower gangetic plains in purvanchal

humid heat so the sweat from the body doesn't evaporate, people die in shade with water

constant load shedding due to expensive energy prices caused by the war in iran

no constant a/c even for the wealthy; people are literally being baked alive in their houses

currently don't live there, but getting this news from my family, it quite literally feels like hell, the end of the world

edit: in the medium to long term, this is going to affect everyone; currently europe doesnt face much issues relative to this even though the heatwave is becoming a larger problem here in italy; but when this situation becomes unbearable in south asia and people start migrating to northern countries en-masse - the fascism we'll see will make hitler look like mother teresa - mind you if 2 million indians migrate to every single country in the world, india will still have like a billion people left, the proportions are hard to picture, even for me - and this is just india; pakistan, bangladesh, south east asia, equitorial africa, hard to imagine the scale

the most boring big city in italy

outside of the porta venezia and corso italia circle, the city is kinda ugly

people are devoid of soul

men and women are both gorgeous though, you get mogged on the daily

the immigrants outside of the bangla rose sellers and maranzas are good looking

rent is not bad in nominal terms, as a proportion of median income it is london tier

bocconi and cattolica students exist

jobs are non-existent

weather is london-esque

coming from one of the poorest regions in the world studying in Europe on a scholarship; and
dating this girl from Boca Raton studying in my uni. we are a looksmatch but she has received so many nice expensive gifts from her ex whereas the most i get her are flowers and make good food from my country. feeling somewhat inadequate but once i get a full time job, i am sure to have enough social mobility to treat her; i am ambitious and i really like her, lets see…