(I disagree) Major drivers of the rise in wealth inequality: significant drop in tax progressivity

“There is one main finding: by far the most important driver is the significant drop in tax progressivity that started in the late 1970s, intensified during the Reagan years, and then subsequently flattened out, with only a minor bounce back. The sharp observed increases in earnings inequality, the falling labor share over the recent decades, and potential mechanisms underlying changes in the gap between the interest rate and the growth rate (Piketty’s r-g story) all fall far short of accounting for the data.”

from https://www.nber.org/papers/w23011



Disability benefits are provided to nearly one in five military veterans in the US, costing more than $60 billion annually.

The U.S. Department of Veterans Affairs Disability Compensation (DC) program provides disability benefits to nearly one in five military veterans in the US and its annual expenditures exceed $60 billion.

from http://amzn.com/k/CuB2PF49TtiV_rlB16UyuA


Individual intervention is not policy. Or why Batman was a hero, but a bad politician

“Bruce Wayne decided to dress up in a bat costume and personally punch criminals. And we love him for it. I worry that Trump’s plan for his administration is to dress up in a President costume and personally punch people we don’t like, while leaving policy to rot. And I worry it’s going to work.”

from: https://kindle.amazon.com/post/CuB2PF49TtiV_rlB16UyuA


The problem with a small active gov’t is it may lead favoritism and corruption

“Carrier air conditioning, Trump’s biggest job “success” so far, is owned by a giant defense contractor who gets probably like 1% of their profits from air conditioning. Presumably the company would be happy to never sell another air conditioner again if it meant that the government chooses their fighter jets over the competing brand.”

from: https://kindle.amazon.com/post/McBMMMXfSbORhSClBmWpzQ


Principles should govern opinion, not emotion and reactionist attitudes

“If you are going to oppose everything Trump does, and always draw the worst possible conclusion about his actions, you lose all credibility.”

from http://amzn.com/k/FxqeveKVT7u0EYI2lv4mdQ