preview

Outcast Analysis

Decent Essays

The podcast titled Allowance, Taxes and Potty Training was truly amazing to listen to. I feel that after I listened to the podcast I had taken a higher level of understanding of the subjects at hand. Throughout the podcast we heard from an Economist by the name of Joshua Gans and his daughter, as well as the hosts of the podcast. The main idea of this podcast was the idea of an economy that is made in the home of Joshua Gans, where he gives his kids different incentives for completing tasks. Joshua Gans starts off by telling us about the economy that he has set in place in his house because Joshua was tired of picking up after his kids. His kids were awarded incentives when they complete different tasks that he sets in front of them. Joshua first told of us of the time that he used jelly beans to potty train his now 11 year old daughter. He would give her jelly beans every time she would go and use the restroom. As his daughter got older, she was awarded candy when she helped her brother go potty on the toilet. She soon realized that there were ways that she could get more candy out of her bother; thus she would feed him more often and then take him to the restroom to get more candy. We see this in the real world were different incentives are set up to …show more content…

His daughter was smart enough to save up her money and she would spend a good majority on money. Thus, Joshua put a 100 percent tax on all candy meaning she had to pay the price of candy twice. She soon realized that candy was no longer a necessity. But once again, his daughter found a way around the tax and was able to get tax free candy at her grandparents’ house. We see this in the real world as well were people go to different counties, states and even countries to avoid paying taxes. Joshua now see that he could have taught his daughter the same economic lessons with allowance and paid half of the amount that he

Get Access