Index Investing News
Tuesday, April 14, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

A Fundamental Difference between Debates in Sports versus Politics

by Index Investing News
February 13, 2024
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


I’ve often been involved in debates in politics in which people deny actual facts. At first, it’s easy to attribute that to partisanship. But it takes more than partisanship.

Consider sports. On Sunday night, I was disappointed when Patrick Mahomes threw the touchdown pass that ended the game in overtime and handed the win to the Kansas City Chiefs. But I didn’t deny that there was a touchdown. I bet there were a few million households in northern and central California and elsewhere in which there were 49ers fans who were quite disappointed. But I have yet to hear from, talk to, or read about a 49ers fan who thinks that Kansas City didn’t score a touchdown. Yet all 49ers fans are, by definition, partisans of the 49ers.

Consider, by contrast, politics. I often talk to people about political issues who won’t admit basic facts.

So, for example, someone will tell me that the rich don’t pay their “fair share” in taxes. They are usually talking, not about the rich, but about high-income people. I’m long past the days when I would correct them on that, unless it really matters for the discussion. We both know that we’re talking high-income, so I proceed with the discussion. It’s hard to know what their fair share is; that’s a normative issue. But it’s not hard to know what percent of income is paid in taxes by people in various income groups. When I point out that the higher the income, the higher the percent paid (except for, in some countries, a tiny percent at the top), they often deny it. But they don’t show me any data that contradict that. It’s true that it’s a little tougher to find data on that than to notice whether the football player caught the ball in the end zone. But, with Google and other search engines so readily available, it’s only a little tougher. And they often stick with their view.

They could argue the economically relevant point that you can’t judge the burden of the tax by who explicitly pays but, instead, have to consider elasticities of supply and demand to figure out who really bears the burden. But that’s not typically what happens.



Source link

Tags: debatesdifferenceFundamentalpoliticsSports
ShareTweetShareShare
Previous Post

Catfish Price Prediction: CATFISH Surges 340%, But Can It Outperform This New Meme Coin That Vows Another 100X Explosion

Next Post

Real Salt Lake sign Matt Crooks from Championship side Middlesbrough

Related Posts

Oil price surges ahead of Strait of Hormuz blockade

Oil price surges ahead of Strait of Hormuz blockade

by Index Investing News
April 13, 2026
0

Good morning and welcome to FirstFT. In today’s newsletter:Trump announces naval blockade of Strait of Hormuz Orbán’s crushing Hungarian election...

At The Money: Seeking Uncorrelated Returns

At The Money: Seeking Uncorrelated Returns

by Index Investing News
April 9, 2026
0

     At The Money: Seeking Uncorrelated Returns (April 8, 2026) Managed Futures generate returns that are not correlated...

Adam Smith and Reciprocal Tariffs

Adam Smith and Reciprocal Tariffs

by Index Investing News
April 5, 2026
0

This month marks the 250th anniversary of Adam Smith’s magnum opus, The Wealth of Nations. The Liberty Fund print edition...

Shutting Hormuz is a template for China in Taiwan

Shutting Hormuz is a template for China in Taiwan

by Index Investing News
April 1, 2026
0

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the...

Ritholtz Wealth Management Is Coming to San Francisco!   

Ritholtz Wealth Management Is Coming to San Francisco!   

by Index Investing News
March 28, 2026
0

    Ritholtz Wealth Management is heading west. The week of April 16, 2026, our team will be in San...

Next Post
Real Salt Lake sign Matt Crooks from Championship side Middlesbrough

Real Salt Lake sign Matt Crooks from Championship side Middlesbrough

Consumer prices rose more than Wall Street expected in January

Consumer prices rose more than Wall Street expected in January

RECOMMENDED

On This Day in 2009: Andrew Strauss named captain for whole West Indies tour

On This Day in 2009: Andrew Strauss named captain for whole West Indies tour

January 9, 2024
Fashion retailers resilient despite consumer fears By Reuters

Fashion retailers resilient despite consumer fears By Reuters

June 15, 2023
Jelly Roll & Bunnie XO Talk Relationship In ‘Save Me’ Documentary – Hollywood Life

Jelly Roll & Bunnie XO Talk Relationship In ‘Save Me’ Documentary – Hollywood Life

May 30, 2023
WD-40 Inventory: Q2 2022 Earnings Preview – Important Second For WDFC

WD-40 Inventory: Q2 2022 Earnings Preview – Important Second For WDFC

April 6, 2022
British toddler, 18 months, drowns in swimming pool at holiday villa near Alicante

British toddler, 18 months, drowns in swimming pool at holiday villa near Alicante

May 12, 2023
Will These Be the 5 Greatest Actual Property Markets of 2025?

Will These Be the 5 Greatest Actual Property Markets of 2025?

January 16, 2025
3 Reasons Why We Prefer Whitecap Resources Over Suncor Energy Today (NYSE:SU)

3 Reasons Why We Prefer Whitecap Resources Over Suncor Energy Today (NYSE:SU)

January 9, 2024
First wild mosquitoes present in Iceland

First wild mosquitoes present in Iceland

October 23, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In