BRYAN CAPLAN
May 7, 2013
Keynesian Bets: What's Out There
May 6, 2013
Keynesian Bets Bleg
May 6, 2013
The Pyramid of Macroeconomic Insight and Virtue
May 2, 2013
A Natalist Provision
May 1, 2013
I Was a Teenage Misanthrope
DAVID HENDERSON
May 5, 2013
John Thacker on Vaccinations and the Sequester
May 3, 2013
Chef Rudy's Virtues Project
May 2, 2013
My take on Reinhart and Rogoff
May 1, 2013
Medicare Kills a Program



What's next? Regressive taxes on U.S. citizens evaluated by their benefits for the average world citizen? Let's just charge a head tax in the U.S. to fund a helicopter drop in Africa and Latin America. I'd prefer that to more low skilled immigration. The former at least doesn't shift the marginal voter.
I don't see anything 'strange' about Hoxby's answer, which was;
Robert Hall said the same thing.
Short-run or long-run?
Consider the effects of forcibly redistributing all the wealth in the US proportionately to humanity at large until no American has more than the worldwide mean amount of wealth. Clearly in the short run the average effects on humanity would be positive.*
In the long run, though? I would predict a gigantic diminution of economic growth, because economic growth has not been based on population growth since the Industrial Revolution, but on technological progress.
Mass redistribution of capital from makers to takers, to which mass immigration of low-IQ people to advanced countries is analogous, would reduce economic growth for the whole world.
*Neither the total or average wealth in the world would increase, but the average human's personal wealth would increase, even though some people would suffer a diminution of wealth.
Caroline Hoxby is also the only African-American or person of African descent to have voted. Perhaps she perceives the supposed benefits of immigration differently for that reason.