1 / 31

Tom's Burrito Barn Papers

Tom's Burrito Barn Papers. U.S. Naval Academy. Founded 1845 by Secretary of Navy Student body: 4,500, all 50 states Class of 2014: 17,417 applied, 1,245 admitted 21% women Tuition: $0 7 th most selective university in U.S. Nine straight wins over Army in football. Net Neutrality.

uzuri
Download Presentation

Tom's Burrito Barn Papers

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Tom's Burrito BarnPapers

  2. U.S. Naval Academy • Founded 1845 by Secretary of Navy • Student body: 4,500, all 50 states • Class of 2014: 17,417 applied, 1,245 admitted • 21% women • Tuition: $0 • 7th most selective university in U.S. • Nine straight wins over Army in football

  3. Net Neutrality

  4. What will be the unintended consequences of Net Neut?

  5. Federal 'pay freeze'

  6. ‘Pay freeze’ for fed employees • Federal employment has grown 17% since 2007

  7. ‘Pay freeze’ for fed employees • Federal employment has grown 17% since 2007 • 2.1 million non-military full-time workers (not counting 600,000 postal workers)

  8. ‘Pay freeze’ for fed employees • Federal employment has grown 17% since 2007 • 2.1 million non-military full-time workers (not counting 600,000 postal workers) • “Operate in a pay and benefits universe that no longer exists in the private economy”

  9. ‘Pay freeze’ for fed employees • Federal employment has grown 17% since 2007 • 2.1 million non-military full-time workers (not counting 600,000 postal workers) • “Operate in a pay and benefits universe that no longer exists in the private economy” • Average fed worker: $123,000/year

  10. ‘Pay freeze’ for fed employees • Federal employment has grown 17% since 2007 • 2.1 million non-military full-time workers (not counting 600,000 postal workers) • “Operate in a pay and benefits universe that no longer exists in the private economy” • Average fed worker: $123,000/year • Average private worker: $61,000/year

  11. Why has this occurred?

  12. Oreg0n raises inc0me taxes on richest 2% in 2009

  13. What do you think happened?

  14. Oregon tax hike • Receipts fell from $180 million to $130 million with new rate

  15. Oregon tax hike • Receipts fell from $180 million to $130 million with new rate • Rich taxpayers declined from 38,000 to 28,000

  16. Oregon tax hike • Receipts fell from $180 million to $130 million with new rate • Rich taxpayers declined from 38,000 to 28,000 • When Maryland did same thing, one-third of their ‘millionaires’ went missing: moved or deferred income

  17. What's a cartel?

  18. What's a monopoly?

  19. Parable of the Talents Matthew 25:14-30

  20. "For it will be like a man going on a journey, who called his servants and entrusted to them his property. 15To one he gave five talents, to another two, to another one, to each according to his ability. Then he went away. 16He who had received the five talents went at once and traded with them, and he made five talents more. 17So also he who had the two talents made two talents more.

  21. But he who had received the one talent went and dug in the ground and hid his master’s money. 19Now after a long time the master of those servants came and settled accounts with them. 20And he who had received the five talents came forward, bringing five talents more, saying, 'Master, you delivered to me five talents; here I have made five talents more.'

  22. His master said to him, 'Well done, good and faithful servant. You have been faithful over a little; I will set you over much. Enter into the joy of your master.' 22And he also who had the two talents came forward, saying, 'Master, you delivered to me two talents; here I have made two talents more.' 23His master said to him, 'Well done, good and faithful servant. You have been faithful over a little; I will set you over much. Enter into the joy of your master.'

  23. He also who had received the one talent came forward, saying, 'Master, I knew you to be a hard man, reaping where you did not sow, and gathering where you scattered no seed, 25so I was afraid, and I went and hid your talent in the ground. Here you have what is yours.' 26But his master answered him, 'You wicked and slothful servant! You knew that I reap where I have not sown and gather where I scattered no seed? 27Then you ought to have invested my money with the bankers, and at my coming I should have received what was my own with interest.

  24. So take the talent from him and give it to him who has the ten talents. 29 For to everyone who has will more be given, and he will have an abundance. But from the one who has not, even what he has will be taken away. 30And cast the worthless servant into the outer darkness. In that place there will be weeping and gnashing of teeth.'

  25. What can we learn about Economics from this parable?

  26. Assignment January 11 • Read and study Chapter 12 of Basic Economics: “Investment and Speculation”

More Related