January 3, 2015

Flipping A Coin On The Wrong Side Of The Tracks

On my way home, less than a mile before my neighborhood, I drive through a neighborhood at the bottom of the hill that I’ve heard passengers “affectionately” refer to as “the other side of the tracks.” Now, I would be lying if I told you this phrase, or the companion phrase, “the wrong side of the tracks,” never crossed my mind. And it quite literally is on the other side of a railroad track as well as a creek. But of course people aren’t talking about an actual railroad track, so you have to ask yourself, what makes it the wrong side of the tracks?

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September 1, 2014

Media, In-Group Collectivism, Feeding American Denial On Inequality, Wage Theft, And More

Denial is a powerful force, and in a representative democracy, mass denial is incredibly dangerous. Combine mass denial with in-group collectivism packaged by a handful of self-serving elites, and we call it conservative media. And leading the charge is the ideological solidarity sold by Fox News for conservative consumption, a force assisting in transmuting our representative democracy into something much more closely resembling a representative oligarchy.

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January 29, 2014

The Supply Side Lie

Post war until roughly the 1970s, increases in income in all quintiles more or less moved together. The bottom quintile increased with the top quintile. Since the 70s, the top two quintiles continued to grow, with the top quintile actually accelerating (although to be fair, it corrected/adjusted during the Great Recession, but only modestly). But since the 1970s, the bottom three quintiles have been pretty much flat.

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January 5, 2014

VIDEO: Union Decline and Income Inequality (1979-2009)

Direct “smoking gun” proof of income inequality fueled by union membership decline is probably impossible. But we sure can find plenty of correlating evidence that indicates a strong likelihood that union decline is at least related to wage stagnation and greater economic inequality, if not the direct catalyst.

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December 5, 2013

Why Are Middle Class Incomes Stagnant? Are We Simply Unproductive Compared To The Super Wealthy?

Would you like to make an extra $50,000, $75,000, or $100,000 dollars a year? I know I would. Would you like a yearly income of $75,000, $150,000, or $300,000? In reality, most Americans make far less than even the lowest amount I listed. In 2012, the median income in America was $51,017, which was down slightly from 51,100 the year before. The poverty rate was 15%, which is over 45 million people. For the bottom 90% of the country, wages have been flat for the past three decades compared to top percent earners who have seen their income double, triple and more.

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November 9, 2013

Fact of the Day: The Social Security Wage Cap For 2014 Is $117,000

In a “Fact of the Day” article last November, I wrote that, “eliminating the [Social Security] wage cap while keeping the benefits cap produces a Social Security surplus.” But you don’t have to take my word for it as this is a fact backed up by the Congressional Research Service. But it’s also just common sense. If you lift the revenue limiter (the wage cap) but you pay out the same benefits, obviously Social Security will be solvent for some time to come.

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August 1, 2013

The Tasty Pick of American Exceptionalism: Minimum Wage Or Incarceration?

American Dream - photo by Jim PotterAmerica is exceptional all right, its exceptionally jaded, exceptionally cynical, exceptionally resentful, and exceptionally callous. We are so judgmental of others, so righteous of our own strengths, so high on our own self-worth, we believe we need to be exceptionally tough when it comes to anyone who does not measure up. And nowhere is this more true than America’s “tough on crime” stance. I’m not saying we shouldn’t have laws. I’m not saying criminals shouldn’t go to jail. What I’m saying is we need to take it down a notch or two or a thousand. And we need to stop taking discretion away from judges and juries with “mandatory minimums” and other similar legislative “solutions” to crime.

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