Author Archive
The Rich are Lying to Us

When the Heritage Foundation tells us that the top 10 percent of filers are cruelly burdened, because they pay 68 percent of income taxes, it’s hoping that you won’t notice that word “income” — other taxes, such as the payroll tax, are far less progressive. But it’s also hoping you don’t know that the top 10 percent receive almost half of all income and own 75 percent of the nation’s wealth, which makes their burden seem a lot less disproportionate.

– Paul Krugman, Nobel-winning economist, in a column in the New York Times called, “Our Invisible Rich.” Krugman says Americans’ ideas about the 1% are based on 1960s notions of wealth, and woefully inaccurate today.

The World Does Not Share the Belief That the Rich Always Deserve Their Wealth

The rich in America agree on one thing: They deserve their wealth. Recent research cited by Carol Graham of the Brookings Institute shows that unlike both the rich and poor in Latin America, in the United States the Mitt Romneys of the world believe they built that, all alone. Even before a video exposed Mitt’s […]

New Homes are Selling Again

18%

Jump in new home sales during August, the greatest increase in six years, according to the Commerce Dept. Much of the market boom is in multifamily homes.

Jon Stewart to FOX on the Coffee Salute: ‘You’re Just Trying to Score Points in a Game No Else is Playing’

The Daily ShowGet More: Daily Show Full Episodes,Indecision Political Humor,The Daily Show on Facebook First, I am not opposed to the United States and other countries trying to wipe out ISIL. Whether they are an immediate threat to us is not the only concern. That Americans, including and especially journalists, can move around the world […]

It’s Expensive to be Poor

3

Times more annually that it costs a community to leave a homeless person on the streets than it would cost to provide housing.

What Are You Searching For? It Depends on How Much Money You Have

If you’re not dirt poor, with few prospects for changing your situation, it’s hard to consider how much of your thought would be devoted to grim subjects. Sendhil Mullainathan and Eldar Shafir illustrated the concept and the myth of the so-called cycle of poverty in their recent book, Scarcity: Why Having Too Little Means So […]

What Australia Can Teach America About Gun Safety, After a Few Years of Detox

Watch the funniest — and most sensible — arguments for gun control yet. It will be interesting to see what kind of refutations appear in the comments.

Celebrating Labor Day? Guess You’re a Socialist, Pro-Union, Anti Job Creator Commie

If today means more to you than packing away your white shorts and shoes, you’re probably a pro-union type who supports raising the minimum wage. But if you’re like most Americans, it’s just another amorphous, somehow patriotic Monday holiday on which to cook out, drink beer, and if you’re like my neighbors last night, inexplicably […]

Sophie’s Choice, in Reverse

This is part of Florida’s long, proud of history of only embarrassing itself when we’re sure everyone else is watching.

– Scott Maxwell, columnist for the Orlando Sentinel, advising Floridians on how to survive the next two months, in which the contest for governor between incumbent Rick Scott and former Charlie Crist will feel like choosing, “between rug burn or road rash.”

A Great Video We Wish Had Never Been Made

This video is moving and beautiful, and we wish it had never been made because we wish what preceded it had never happened.