We would like to welcome a new contributor, James Hayford, to The Hand.
by James Hayford
|N. Gregory Mankiw|
Leaving aside the fact that the estate tax only kicks in on amounts over one million dollars, so he already has a considerable nest egg set aside for his kids, he thinks the real suffering will come from the hole left in our culture by him and all the people like him who don't produce articles, movies, or books, perform concerts, or even put braces on our kids teeth.
My take? Perhaps it would be a good thing if Dr Mankiw, and others like him, refused the work and gave an opportunity to the other 98% of us who are more intellectually, creatively, and literally hungry.