An Economic Argument for Gay Marriage: Legalize gay marriage, kickstart the recovery?

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    Jun 18, 2011 3:38 PM GMT
    A post based on a study found here: http://www3.law.ucla.edu/williamsinstitute/publications/EconImpactCAMarriage.pdf

    http://www.adamsmith.org/blog/justice-and-civil-liberties/legalize-gay-marriage%2c-kickstart-the-recovery%3f/

    This wedding bubble would have following economic effects: Gay couples would spend nearly $700 million on wedding services over a three-year period’ Over 2000 jobs would be created in the nuptial industry. Allowing economic activity to take place is the key to growth. Another study by the non-partisan Congressional Budget Office reported that the liberalization of marriage requirements across all 50 states would generate an additional $1 billion in revenue annually.

    Furthermore, legalization would almost certainly encourage gay immigration. Given the acrimonious debate in the UK over immigration in general, let's take a minute to justify a policy that would specifically increase gay immigration.

    People in same-sex unions have higher rates of college education than those in straight partnerships (40% vs. 27%), which is shown to be negatively correlated with criminality. Gay couples tend to be wealthier than their straight counterparts (average household incomes of $80,610 and $73,655, respectively). And of course, gay couple are just cooler (difficult to quantify, but impossible to deny – some would call it cultural capital).

    While the debate has so far defined gay marriage as a political issue, it can be framed as a question of market freedom as well. The gender restriction on marriage ought to be abolished. The UK should liberalize its marriage market by removing the moral monopoly that currently exists.
  • roadbikeRob

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    Jun 18, 2011 3:58 PM GMT
    Well hopefully, the NY State Senate will see the numerous economic and financial benefits from legalized gay marriage when the state senate hopefully votes on the gay marriage bill either on monday or tuesday. With New York's serious financial problems, we need all the new, additional revenue that we can get without raising taxes.
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    Jun 18, 2011 5:54 PM GMT
    Marriage bubble? icon_lol.gif I love the term, but it definitely is about time, especially when you consider that for the first time ever, less than half of households have married couples in them.
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    Jun 18, 2011 7:03 PM GMT
    I feel as though this must be posted...

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    Jun 18, 2011 7:10 PM GMT
    I'm all for it, but tell that to Michele "social conservatism=fiscal conservatism" Bachmann.icon_lol.gif

    And don't forget the divorce lawyers.
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    Jun 19, 2011 12:05 AM GMT
    Are they sure? Straight people don't have the ability to do their own floral arrangements and event planning like we do.
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    Jun 19, 2011 12:10 AM GMT
    As Alec Baldwin said in 30 rock

    The ability of any product to succeed in the market place today is determined by it's appeal to the holy trinity of marketing... gays, college students and the obese icon_razz.gif

    My father (the bigot) argues it will dilute the single filing tax bracket, push the tax whole base lower and he and the other 'normal' married couples will have to see further tax punishments to support it...
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    Jun 19, 2011 12:39 AM GMT
    MsclDrew said
    My father (the bigot) argues it will dilute the single filing tax bracket, push the tax whole base lower and he and the other 'normal' married couples will have to see further tax punishments to support it...


    I'm sorry, but when he says he wants lower taxes, it's only to be lower for the married couples in order to stimulate the economy (if the Republican mantra about "cutting taxes = stimulating economy" really works)? What makes HIS lower taxes stimulate the economy more than MY lower taxes?