I haven’t written in a while, so I just wanted to write a quick post and show what I’m currently working on. I’ve recently started playing with PowerSim. The optimizer and risk management features are actually very useful. Here’s what I’ve got so far. Will explain more later and show some interesting simulations. This model has three worker classes, the top 1%, the bottom 20%, and the remaining middle. I’ve modeled income tax, a potential federal sales tax (VAT), FICA taxes, and corporate taxes and have put significant effort into creating a fairly realistic disparity of wealth and income. Model download is below and on the download page.
Also… I’m off to India next week. I find it amazing for many reasons. One of which is the insights you get into how different economies function. And anyone who doesn’t think wealth/income disparity isn’t a crushing problem, I dare you to spend some time here.