from Jeff Jacoby in Townhall, Income Gap? Not Many are Obsessed Excerpts: How many shared Obama’s view that the gap between rich and poor is the issue that should concern us most? Four percent. Obsessing over other people’s riches isn’t
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Mickey Kaus writes in the Wall Street Journal, The Other Kind of Inequality. (may require a paid subscription to enact link) Excerpt: Social equality—”equality of respect,” as economist Noah Smith puts it—is harder to measure than money inequality. But the
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Donald Boudreaux wrote an excellent piece Questions for redistribution’s proponents: A few gems: • While Dr. Smith earns more money than does poet Jones, poet Jones earns more leisure than does Dr. Smith. Do you believe leisure has value to
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Daniel Greenfield writes The Poverty of Inequality in Sultan Knish. Excerpts: If you believe the left, the leading economic problem that Americans face today is not a lack of jobs or the cost of living, but a crisis of CEO salaries. If
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James Pethokoukis writes Obama’s big inequality speech: short on facts and vision in the AEIdeas: excerpt: Here’s the bottom line: America’s pro-market turn some three decades ago reversed what then seemed like unstoppable national decline. (Nations that didn’t make that
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From My Budget360, Going for broke: The multiple lost decades of US household income. Is it possible to have a recovery while the standard of living collapses? Excerpts One of the problems with the mythology of the stock market is
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Christina Hoff Sommers writes Lessons from a Feminist Paradise on Equal Pay Day in The American, 4/9/13. Excerpts: Generous parental leave policies and readily available part-time options have unintended consequences: instead of strengthening women’s attachment to the workplace, they appear
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I have posted several article seeking better information about the myths commonly accepted about the gaps in income and wealth distributions. Some of this analysis in seen here, here, here, here, here, here, and here. Daniel Greenfield in his excellent
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The Truth About Income Inequality from Center of the American Experiment By John H. Hinderaker Scott W. Johnson, December 1, 1995 excerpt Data generated by the Census Bureau, the Bureau of Labor Statistics, the Federal Reserve and other nonpartisan sources
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Alan Reynolds writes in The Wall Street Journal, Tax Rates, Inequality and the 1% 12/6/11. Excerpt: But here’s a question: Why did the report stop at 2007? The CBO didn’t say, although its report briefly acknowledged—in a footnote—that “high income
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I have several posts that center on the clarification of income inequality myths. The best single source is the book Income and Wealth by Alan Reynolds. You can use the search field at the upper right on this blog to
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The bitter and partisan debate on extending the Bush tax rates was another manifestation of the debate on the inequality in the distribution of income and wealth in our country. There are those who contend that our inequality is making
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from the Opinion Journal Movin’ On Up A Treasury study refutes populist hokum about “income inequality.”Tuesday, November 13, 2007 12:01 a.m. EST The Treasury study examined a huge sample of 96,700 income tax returns from 1996 and 2005 for Americans
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While the period of industrial expansion did create both economic and political dislocations, the benefits were often overlooked in our history. The restraint on concentrations of political power in our constitution applied largely to economic power in an agrarian economy but this diverged in the industrial era. The great dilemma of the progressives was how to address the concentrations of economic power without losing the restraints on the concentration of political power.
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“You don’t get to be “against the rich” if the richest people in the country fund your party in order to preserve their government-sponsored monopolies. You are not “a supporter of free speech” if you oppose free speech for people who disagree with you. “
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“Hyphenated capitalism is no capitalism at all. The better name for it is socialism lite.” Nikki Haley
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Andrew shuns the authoritarianism of the GOP’s cult of personality and the illiberal squelching of opinion and commentary of the ‘woke’ left. If the Democrats do not wrestle control from its illiberal woke element it only feeds the reactionary right. It is more important to stand for clearly articulated liberal principles than to define yourself by what you stand against.
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Big ideas have big consequences: when you eat like an elephant, you shit like an elephant. This is true in the corporate world where the price of failure is very high. It is far more dangerous in politics when these ideas are enacted by people with no skin in the game and very little accountability.
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