When Joel Slemrod of the University of Michigan won his Ig Nobel Award in 2001, part of the prize criteria was that the research involved "cannot, or should not, be reproduced". Luckily for Slemrod, that's since been changed to "first make people laugh, and then make them think".
See, Slemrod and partner Wojciech Kopczuk of Columbia University are the researchers who found evidence that the very rich die in greater numbers just before estate taxes are scheduled to increase—or just after the taxes have been reduced. Since he published, Australian and Swedish researchers have replicated his results. And now, he says, it appears the United States is about set up a grand natural experiment with elderly rich people as guinea pigs.
As of January 1 of this year, the U.S. estate tax has been abolished for the year 2010, and is scheduled to be reinstated in 2011 with rates as high as 55%. If our findings (and those of our colleagues in Australia and Sweden) are right, there some would be "moved" from the end of 2009 to the beginning of 2010, as some rich folks hold on to bequeath their assets tax-free. Of course, the really morbid stuff will happen at the end of this year, when dying in December of 2010 will incur no estate tax, but dying beginning in January 1, 2011 can trigger a tax liability equal to more than half the taxable estate. It's being called the "Throw Momma from the Train" tax provision.
When people hear voices others can’t, the prevailing scientific model describes this as psychosis due to brain abnormality, chemical imbalance, or other affliction. But scientists have now reliably induced auditory hallucinations in some people not diagnosed with psychosis.
Tiny micromotors about the width of a human hair traveled through a mouse’s stomach delivering antibiotics to treat a stomach ulcer. The motors are powered by bubbles. According to the researchers from the University of California San Diego, the microrobot-based treatment proved more effective than regular doses of the medicine. From New Scientist: The tiny […]
In 1971, astronomer Frank Drake, the father of the search for extraterrestrial intelligence, drew a map pinpointing Earth in our galaxy. That diagram, a “pulsar map,” was etched on a plaque designed by Frank and Carl Sagan and first carried into space in 1972 by the Pioneer 10 and 11 spacecraft. In 1977, the pulsar […]
The Pry.Me Bottle Opener holds tens of thousands of times its own weight, and you can pick one up now from the Boing Boing Store.This remarkable keychain is considerably smaller than any of your keys, but don’t let that fool you: it can easily open any bottle, and could even tow a trailer full of […]
Guaranteeing your privacy online goes way beyond checking the “Do Not Track” option in your browser’s settings. To ensure that your internet activity is totally hidden from Internet Service Providers, advertisers, and other prying eyes, take a look at Windscribe’s VPN protection. It usually costs $7.50 per month, but you can get a 3-year subscription […]
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