Tag archive

inequality

Economics

Inequality Is A Non-Issue (Part 2)

Despite failing to prove his thesis that capitalism generates inequality (addressed in Part 1), the author closes by outlining the policy proposals he’d enact to reduce inequality.  This proposal includes: “…a large cash grant to all citizens when they reach the age of majority, around the benchmark cost of taking a bachelor’s degree at private university in the United States. This grant would be repaid into the national treasury at death.” And: “…an annual wealth tax of two percent on a person’s net worth above a threshold of $80,000.” The first part of his proposal needs some unpacking.  He essentially… Keep Reading

Economics

Inequality Is A Non-Issue (Part 1)

A large number of people are convinced that rising inequality between the rich and the poor is the primary driver of the ills that plague our society.  Both the #Occupy movement that arose after the housing bubble burst, and the fervent support for the self-proclaimed socialist Bernie Sanders, are proof of this. This opinion is backed by supposed logic and apparent economic law that can be articulated in ways that are quite convincing.  I recently came across an article that attempts to prove the thesis that capitalism generates inequality, and which offers a policy proposal (addressed in Part 2) that will… Keep Reading

Culture/Philosophy

Can The “Very Liberal” Celebrate Independence Day?

The week of Independence Day, Gersh Kuntzman of the Daily News, called for Major League baseball to permanently ban the playing of “God Bless America.” While conceding some of its virtues, Kuntzman laments that the classic jingle “embodies” some of “our worst things,” vices like “self-righteousness, forced piety,” and “earnest self-reverence.” Kuntzman approvingly alludes to a 2013 poll conducted by the author of a book on “God Bless America.” The poll found that 61% or so of those asked share Kuntzman’s judgment that the song should go the way of the dinosaur.  The real story here, though, is to be… Keep Reading

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