February 22, 2015

WWW: The Latest Democracy To Fall Victim To The Rich And Powerful

If I asked you what it takes to get a popular web site onto the internet, what would you say? If you’re like most people, you’d probably say something about creating a site, then sprinkling relevant keywords strategically throughout (a.k.a. “Search Engine Optimization” (SEO)), and then, as people discover the site, and your audience & traffic builds, your site will move up to the top of the search page rankings making you a popular web site.

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February 26, 2014

An Indefensible Economic System

Someone needs to explain to me why there are so many Americans making average or even substandard wages who continue to defend the capitalistic status quo. I think this is where Robert Reich is correct, that people are simply afraid. In a labor market where employers have all the power, people just feel lucky to have a job.

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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 24, 2014

Economic Inequality Is A Clear And Present Danger To American Democracy

The phrase “clear and present danger” is the standard by which freedom of speech can be abridged. As the saying goes, nobody has the right to shout “fire” in a theater. The United States Supreme Court began citing this standard in 20th century rulings, reaffirming that freedom of speech stops at the point where it puts pubic safety in peril. The idea is controversial, but it should be understood that constitutional rights are not absolute. Whether you agree with this standard as it applies to freedom of speech, is of little importance here. It only matters that you understand what it means, because economic inequality is a clear and present danger to American democracy.

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January 23, 2014

Pew: Most Republicans Believe Poor Just Aren’t Working Hard Enough

This should come as no surprise, but a Pew study released today shows most Republicans believe you are poor because you choose to be poor. Or in other words, the poor are simply not working hard enough. This of course echoes the sentiments of Kevin O’Leary, who I wrote about yesterday. He’s the fat cat who said it’s “fantastic” that 85 people own the same wealth as 3.5 billion people (half of Earth’s population).

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January 22, 2014

VIDEO: Canadian Businessman Says It’s ‘Fantastic’ 85 People Have More Wealth Than Billions In Poverty

Canadian Businessman, TV host, and “Asshat of the Year” winner (and that’s impressive because it’s still only January) Kevin O’Leary says that it’s “fantastic” that the richest 85 people have more wealth than half the population on planet Earth. The video is worth watching just to see the reaction by O’Leary’s co-host, Amanda Lang.

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January 20, 2014

Taxing The Rich: A Liberal Argument For A Progressive Tax System To Grow The Economy

Conservatives will play the “class warfare” card if you dare mention a tax increase on the rich. And if you talk about income inequality, well, this means you are simply envious, and you are trying to “punish success.” But for this conservative “logic” to be rational, wouldn’t we have to consider the current progressive tax system to also be unfair? — Well, as it turns out, that is exactly what many conservatives say about progressive taxation, but it doesn’t mean their assessment is sound.

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January 19, 2014

The Rich Are Rich Because They Deserve It? Krugman Responds To Brooks

Is the affluence of the wealthiest Americans entirely earned, or is there a level of luck, timing, and in some cases, family inheritance involved? Or to ask it a different way, can people honestly make the case of one human being that is deserving of such massive wealth (like that of the .01%) on the merits of his or her productivity? Is there any single human being who deserves to be worth more than the combined wealth of millions of fellow citizens?

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January 17, 2014

David Brooks On Income Inequality: There’s A Special Kind Of Guilt Reserved For The Poor

The latest piece by David Brooks in The New York Times is typical of conservative-think on issues of economic inequality. Because the free market is the most perfect system ever devised by man (yes, I’m laying the sarcasm on pretty thick), that means when we have an apparent failure of our revered capitalist system, that system is not to blame. Instead we should blame social issues. Oh, but only the social issues of the poor. Because the wealthy have reserved a special kind of guilt just for the poor.

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