Archive for the ‘Inequality’ Category

SOTU 2014: First Impressions

January 28th, 2014

I’ll have more to say in coming days but I liked the speech.  The challenge for the President was to avoid ticking through a list ideas that had no chance of going anywhere.  I think he largely avoided that, though he did hit on ideas that Congress probably will, but shouldn’t block, like extended UI,… Read more

President Obama Does Many Things Well but Being a Socialist is Not One of Them

January 27th, 2014

–Actually, the rich should love Obama: Paul K makes many great points this AM re paranoid plutocrats, but while he notes a number of Obama-era changes that hurt the wealthiest among us—higher marginal tax rates, financial market reform—the fact is that they’ve done really well under this President. We just learned, for example, that for… Read more

Stable Income Mobility: Not a Muddle At All

January 23rd, 2014

The morning papers are all abuzz with an interesting piece about whether the rate of income mobility—movements up and down the income scale as you age—has changed over time.  The conventional wisdom, as I’ve stressed in many places for many years, is that is has neither decreased nor increased. In that regard, it’s surprising for… Read more

Schmitt on Inequality

January 22nd, 2014

If you’re interested in some incisive thoughts about the recent uptick in the inequality debate, you’ll want to read this piece by Mark Schmitt in TNR. Like Mark, I find that talking about inequality per se is often challenging because it’s such a sweeping concept: …it’s not that [inequality is] anything less than “the defining… Read more