…make the rich pay for it. The rich will just say, “okay.” The rich will only say “okay” if they see this as the opportunity to replace Social Security with…

…are two steady states and one is Pareto better than the other (C_2 is higher). OK now figure 2 shows Y as a function of pY. Define total consumption as…

…of debate is that people are allowed to define terms. At most, they may be prevented from redefining an existing word and forced to define a neologism (so Bonaventura St….

…of the issues. I can not adequately define the humor in it. It would take away from the piece if I attempted to do so. It is also good legal…

…the very rich. The hearing today included lots of representatives of charities who were arguing their interest–keeping the tax-incentivized flow of money coming. The typical argument from charities is that…

Historian Mary Beard comments on the history of Why the rich look down on the poor. You know, the poor tend to snort a lot and live under awnings!…

…(Not surprisingly: The correlation for poor countries is relatively large, and poor countries in the sample — which are weighted equally with rich countries — greatly outnumber the rich countries.)…

…run, subject for another post.) Social Security: house rich, cash poor, and unable to be burglarized. Not because the walls are so secure, though they are pretty good, there just…

…of the available advances. In a system that de facto rations by ability to pay (the U.S.), there is a greater likelihood that the rich will live longer—or, more accurately,…

…maximum profit. Liberals get the vapors just thinking about “tax cuts for the rich.” Liberal economics dictates that you take money from the rich and give it to the poor….