Laffer curve and Myers-Briggs: Difference between pages

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The Laffer curve plots total long-term tax revenues against the rate of tax.
1.


It illustrates the observation that when tax rates are raised too high, tax revenues (tax yield) will decline.
'Myers-Briggs' normally refers to a classification of psychological types.


This is because tax revenues are a product of the rate of tax, and the tax base.


It works with our broad 'personality preferences':


When tax rates are higher, the tax base tends to decline.
*Where we focus our '''attention''';
*The way we take in '''information''';
*How we make '''decisions'''; and
*How we deal with the '''external world'''.


In the extreme case of a 100% tax rate, the tax revenue is likely to be zero, because there is no economic incentive for undertaking the activities to earn taxable income.


The first step of Myers-Briggs work is to identify our preferences in each of these four dimensions:


However, if tax rates are very low, this will also erode tax revenues.
*Attention: extroversion ('''E''') or introversion ('''I''');
*Information route: sensing ('''S''') or intuition ('''N''');
*Decision-making: thinking ('''T''') or feeling ('''F'''); and
*Dealing with the world: judging ('''J''') or perceiving ('''P''').


For example, if tax rates are 0%, then tax revenue will of course be zero.


This leads in turn to a classification as one of 16 types, for example 'ESTJ' or 'INFP'.


If the purpose of setting tax rates were to maximise long-term tax revenues, there would be a theoretically 'optimal' rate of tax, somewhere between 0% and 100%, that would maximise total tax revenues.
These psychological types are known as 'MBTI' (Myers-Briggs Type Indicator).


The identification of preferences is usually made by a questionnaire.


== See also ==
* [[Tax yield]]
* [[Tax rate]]
* [[Tax base]]
* [[Phillips curve]]


[[Category:Accounting,_tax_and_regulation]]
The idea is to provide insight into our own personalities and those of other people, to help us work more effectively together.
 
 
2.
 
'Myers-Briggs' can also refer to:
 
*More detailed analysis and consultancy, building on and developing from an initial MBTI questionnaire.
*The originators of the first questionnaire in 1943, Katherine Briggs and Isabel Myers.
*More broadly, the recognition of the importance of the systematic identification of personality types, and its application in organisations.
 
 
==See also==
* [[16PF]]
* [[ACT Competency Framework]]
* [[Agile]]
* [[Behavioural skills]]
* [[Emotional intelligence]]
* [[Gravitas]]
* [[Working effectively with others]]
 
[[Category:Behavioural_skills]]

Revision as of 12:11, 21 February 2018

1.

'Myers-Briggs' normally refers to a classification of psychological types.


It works with our broad 'personality preferences':

  • Where we focus our attention;
  • The way we take in information;
  • How we make decisions; and
  • How we deal with the external world.


The first step of Myers-Briggs work is to identify our preferences in each of these four dimensions:

  • Attention: extroversion (E) or introversion (I);
  • Information route: sensing (S) or intuition (N);
  • Decision-making: thinking (T) or feeling (F); and
  • Dealing with the world: judging (J) or perceiving (P).


This leads in turn to a classification as one of 16 types, for example 'ESTJ' or 'INFP'.

These psychological types are known as 'MBTI' (Myers-Briggs Type Indicator).

The identification of preferences is usually made by a questionnaire.


The idea is to provide insight into our own personalities and those of other people, to help us work more effectively together.


2.

'Myers-Briggs' can also refer to:

  • More detailed analysis and consultancy, building on and developing from an initial MBTI questionnaire.
  • The originators of the first questionnaire in 1943, Katherine Briggs and Isabel Myers.
  • More broadly, the recognition of the importance of the systematic identification of personality types, and its application in organisations.


See also