How Gov. transfers (more than Federal taxes) reduce inequality cbo.gov/publication/49… http://t.co/3dMObjsykL—
Richard V. Reeves (@RichardvReeves) November 13, 2014
How the welfare state reduces inequality
11 May 2015 Leave a comment
in economic history, labour economics, poverty and inequality Tags: poverty and inequality, top 1%, welfare reform, welfare state
Further evidence of the success of the 1996 US welfare reforms and a lack of wage stagnation
03 May 2015 1 Comment
in economic growth, economic history, labour economics, labour supply, politics - USA, welfare reform Tags: middle-class wage stagnation, top 1%, US welfare reforms, wage stagnation
http://t.co/l7NzR1byNF—
EPI Chart Bot (@epichartbot) April 27, 2015
http://t.co/VZTp2A0H8n—
EPI Chart Bot (@epichartbot) April 05, 2015
The mass kidnapping of Occupy activists has extended to New Zealand
01 May 2015 Leave a comment
in applied welfare economics, labour economics, poverty and inequality Tags: capitalism and freedom, Left-wing hypocrisy, mass kidnappings, Occupy Wall Street, The Great Enrichment, top 1%
Mass kidnappings is the only reason why the Occupy activists are not dancing seen in the streets to celebrate the steady fall of poverty in New Zealand over the last 20 years but for the hick-up of the GFC.
In yet another victory for the top 1% and neoliberalism, they pay most of of the income tax in the USA
30 Apr 2015 Leave a comment
in entrepreneurship, income redistribution, Public Choice, public economics Tags: capital of freedom, entrepreneurial alertness, neoliberalism, top 1%
In another neoliberal victory, income taxes became more progressive in recent decades
28 Apr 2015 Leave a comment
in economic history, politics - USA, Public Choice, public economics Tags: conspiracy theories, Leftover Left, neoliberalism, taxation in the labour supply, top 1%
How much does each income group pay in taxes? bit.ly/1JHSCik by @aplundeen http://t.co/B66ynsUrkc—
Tax Foundation (@taxfoundation) April 14, 2015
The U.S. Income Tax system is progressive bit.ly/1FG9Usm by @aplundeen http://t.co/HXDWbvv1xy—
Tax Foundation (@taxfoundation) April 15, 2015
What happened when the rich got richer under capitalism?
23 Apr 2015 Leave a comment
in economic history Tags: Deirdre McCloskey, poverty and inequality, The Great Enrichment, The Great Fact, top 1%
Still further evidence of the rise and rise of the working rich
21 Apr 2015 Leave a comment
in applied price theory, entrepreneurship, income redistribution, industrial organisation, survivor principle Tags: capitalism and freedom, entrepreneurial alertness, The Great Enrichment, top 1%, working rich
How the rich spend their money
20 Apr 2015 Leave a comment
in economics of media and culture Tags: top 1%
If You’ve Got A Business, You Didn’t Build That
19 Apr 2015 Leave a comment
in entrepreneurship, industrial organisation, Public Choice, rentseeking, survivor principle Tags: creative destruction, entrepreneurial alertness, market selection, top 1%, working rich
The rich are working rich who earn their incomes through entrepreneurial alertness. They move assets from low value uses to higher value uses and profit through capital gains. Entrepreneurial alertness is not a skill that can be taught.
Where the rich make their income: Capital gains, writes @robtfrank urbn.is/1Gx6Eos (h/t @TaxPolicyCenter) http://t.co/LkErbQ25LW—
Urban Institute (@urbaninstitute) April 10, 2015
Hollywood’s highest paid star Leonardo DiCaprio earns three times average FTSE 100 boss | City A.M.
15 Apr 2015 Leave a comment
in applied welfare economics, entrepreneurship, Marxist economics, politics - USA, Public Choice, Rawls and Nozick, rentseeking Tags: Occupy Wall Street, top 1%
This top 1% gets a pass from the Occupy activists
Who pays income tax in the USA?
14 Apr 2015 Leave a comment
in politics - USA, public economics Tags: tax incidence, top 1%
The top 1% of income earners in the U.S. pay nearly half of all income tax on.wsj.com/1IRkAr1 http://t.co/n6L8QhArtq—
Nick Timiraos (@NickTimiraos) April 12, 2015
Everyone is at least 40% better off than 30 years ago and poverty has not increased
07 Apr 2015 Leave a comment
in labour economics, poverty and inequality Tags: poverty and inequality, The Great Enrichment, top 1%
Partisan Politics and the Inequality Gap — Atlantic Mobile
01 Apr 2015 Leave a comment
in applied price theory, applied welfare economics, income redistribution, Public Choice, rentseeking Tags: top 1%
Whitlam’s curse – How higher education drives inequality among the bottom 99%
30 Mar 2015 Leave a comment
in economics of education, human capital, labour economics, labour supply, occupational choice, politics - Australia, politics - USA Tags: David Autor, education premium, Gough Whitlam, top 1%
Gough Whitlam abolished tuition fees at Australian universities in 1972. The idea was to reduce inequality. He entrenched it instead, and gave a flying start to those of already above-average talents.
David Autor in a recent paper has illustrated how the gap between the highly educated and the less educated is growing at a far faster rate than the gap between the top 1% in the bottom 99% in the USA. David Autor argues that
a single minded focus on the top 1% can be counterproductive given that the changes to the other 99% have been more economically significant.
- since the early 1980s, the earnings gap between workers with a high school degree and those with a college education has become four times greater than the shift in income during the same period to the very top from the 99%.
- Between 1979 and 2012, the gap in median annual earnings between households of high-school educated workers and households with college-educated ones expanded from $30,298 to $58,249, or by roughly $28,000.
- If the incomes of the bottom 99% are grown at the same pace as the top 1% their incomes would have increased by $7000 per household.
Autor argues that the growth of skill differentials among the other 99% is more consequential than the rise of the 1% for the welfare of most citizens.
via How Education Drives Inequality Among the 99% – Real Time Economics – WSJ.
Ways How You Would Have Spent Your Money as the 19th Century’s Top 1%
25 Mar 2015 Leave a comment
in economic history Tags: top 1%
No cars
still no cars
No electricity
coal, no electricity
no TV
no movies
no DVDs
via 19 Ways How You Would Have Spent Your Money as the 19th Century’s 1 Percent – goodtips4wealth.com.
Utopia, you are standing in it! 
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