Tag Archives

Archive of posts published in the tag: inequality

Mobility vs Welfare

from the Wall Street Journal, Economist Raj Chetty’s Proposals on Inequality Draw Interest on Both Sides of the Political Aisle: By analyzing tax records of families in 741 geographic districts, he pinpoints hotbeds of opportunity. Poorer children in Salt Lake…

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Inequality Myths

From National Review and Michael Tanner, The Democrats’ Class Warfare excerpt And now we have a new study from the Brookings Institution. Yes, the liberal Brookings Institution. Authored by former Obama economic adviser Peter Orszag and others, the study concludes…

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Why Inequality is Getting Worse

From George Will at National Review, A Philosopher Takes On the Left’s Obsession with Income Inequality First, the entitlement state exists primarily to transfer wealth regressively, from the working-age population to the retired elderly who, after a lifetime of accumulation,…

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Inequality Push Back

Wealth inequality isn’t a ‘crisis’ — and voters know it A Washington Post piece last year delicately noted that Obama was laying off the inequality rhetoric because of “Democratic polling that found that talking about income inequality does not register strongly…

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Voodoo Inequality

from The Wall Street Journal, The Mumbo-Jumbo of ‘Middle-Class Economics’ by Alan Reynolds excerpts: Amazingly, these same statistics also show there has been no increase for the “bottom” 90% since 1968. Measured in 2013 dollars, average income of the bottom 90%…

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She Didn’t Build That

from Mark Perry in his blog Carpe Diem, John Tamny on ‘surging lifestyle equality’ and the source of the Clintons’ wealth excerpts: All of which brings us to the latest news about Bill and Hillary Clinton. According to numerous media accounts…

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Measuring Wealth in the Information Age

From Mark Perry at Carpe Diem, Another limitation of GDP accounting – it fails to capture improvements in economic well-being in the Information Age: Excerpt: Bottom Line: Perhaps all of the discussions about GDP being below potential GDP and fretting…

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The Whole Story on Inequality

Brian Wesbury review Joseph Stigletz’s new book in the Wall Street Journal in One Man Against the 1% For the past 50 years, liberals have gotten almost exactly the policies they’ve wanted. So why are they still complaining? excerpts:  The…

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An Aura of Earned Success

Unlike the grandees of Wall Street or the energy industry, the tech Oligarchs have so far experienced relatively little of the criticism commonly directed at Wall Street or energy executives for their huge compensation levels. They, it appears, are different…

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Turning Luxuries into Common Goods

from The Washington Post George Will writes How income inequality benefits everybody excerpts: The ranks of billionaires are constantly churned. Most of the people on the original Forbes 400 list of richest Americans in 1982 were off the list in 2013. Mark…

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Why Government is not the Answer

University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist.  Read Why and how we care about inequality in its entirety.  It is about 6 pages long. excerpts:…

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Economic Ambitions Exceed Our Powers

How Can The Middle Class Be Saved? It’s Not An Easy Job– by Robert Samuelson in Investor’s Business Daily Excerpt: History teaches us that we have less control over our economic destiny than is often assumed. At every juncture in…

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The Social Stability Myth

University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist.  Read Why and how we care about inequality in its entirety.  It is about 6 pages long. excerpts:…

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The Dynamic Household

Economist Mark Perry writes in his blog, Carpe Diem, US middle class has disappeared into higher-income groups; recent stagnation explained by changing household demographics? Excerpts:  Here’s another way to understand the dynamic income shift over the last half century that…

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A Low Information President

From The Washington Times, Lewis Uhler and Peter Ferrara write The rich pay more than their fair share. Excerpts: The latest CBO report shows that the top 20% of income earners pay 70% of all federal taxes, while earning just over 50% of before…

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Inequality in Progressive Cities

from 15 Statistics That Destroy Liberal Narratives by John Hawkins in Townhall: The more progressive the city, the worse a place it is to be poor and/or black. The most pronounced economic inequality in the United States is not in some Republican…

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Lazy Concepts of Inequality

from Cafe Hayek, Don Boudreaux writes More Evidence of Evidence excerpts: Notice that, in one sense, the American middle-class is disappearing – at least as this class was defined, household-income-wise, in the mid-1970s. But it’s disappearing by becoming richer, even when measured in…

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Progressive Inequality

The Golden State is now home to 111 billionaires, by far the most of any state. In total, California billionaires personally hold assets worth $485 billion, more than the entire GDP of all but 24 countries in the world. At…

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The Death of Magical (Economic) Thinking

John Cochrane writes in the Wall Street Journal An Autopsy for the Keynesians Excerpts: Inequality was fashionable this year. But no government in the foreseeable future is going to enact punitive wealth taxes. Europe’s first stab at “austerity” tried big taxes…

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High Tech Oligarchs

Like the Russian oligarchs, the moguls of turn- of- the- twentieth- century America have become so powerful because, unlike many firms in other industries, software giants such as Google, Facebook, Microsoft, and Oracle face still limited foreign or domestic competition.…

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