Oh gosh, I hope this doesn't mean the magnitude of the threat has been wildly exaggerated for political gain, media excitement and ratings, censorship orgies, and laying the foundation for a new fear-driven Domestic War on Terror to control politics and information. https://t.co/oHhUPojpSO — Glenn Greenwald (@ggreenwald) January 21, 2021 Read more →
EppsNet Archive: Paul Krugman
More People I’m Sick Unto Death Of: Paul Krugman
America in the 1950s made the rich pay their fair share; it gave workers the power to bargain for decent wages and benefits; yet contrary to right-wing propaganda then and now, it prospered. And we can do that again. — Paul Krugman I hardly know where to begin with this . . . First of all, what is the relevance of the 1950s as opposed to any other period of American history? America prior to 1913 had no permanent income tax and contrary to left-wing propaganda, it prospered. Why can’t we do that again? Of course we’re all in favor of fairness — right? — but why is it only important that “the rich” pay their “fair share”? I don’t remember ever hearing anyone, certainly not Krugman, use the phrase “pay their fair share” in reference to any group except “the rich.” If you’re concerned about fairness, isn’t it also… Read more →
Educating Oligarchs
Education not only increases the average income a person will earn, but it also changes the entire distribution of possible life outcomes. It does not guarantee that a person will end up in the top 1 percent, but it increases the likelihood. I have not seen any data on this, but I am willing to bet that the top 1 percent are more educated than the average American; while their education did not ensure their economic success, it played a role. Let me give you a couple examples. I am comfortably in the top 1 percent. I believe that Paul [Krugman], with his Princeton professorship, regular Times column, speaking fees, and moderately successful textbook, is there as well. I suspect (although cannot prove) that if he and I had stopped our educations after finishing high school, we would not have been anywhere near where we are in the income distribution.… Read more →