Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/define rich

The Shape of the Future

…when is enough, enough? Now is the time, long overdue in fact, to admit that for the rich, for the mega-rich of this country, that enough is never enough, and…

Some Election Economics

…thoughts in this country; trickle down and bottom up. In a global economy, investments don’t trickle down; they trickles out to wherever on the planet the rich can get the…

Has Congress Reduced Spending for the Poor?

…Republicans were cutting spending for the poor to pay for tax cuts for the rich. Many commentators accepted this as truth and repeated it, including Washington Post columnist E. J….

Arnold Kling on Prodigious Accumulators of Wealth

Via Jesse Taylor, comes the latest from Arnold Kling. Jesse gave Arnold’s ranting a nice reply, but one little empirical matter here. Arnold seems to think the rich have a…

And Now in Words

…class was lending money to America’s rich with an understanding that the money would be repaid with interest. Similarly, I lent money to the Riggs Bank with the assumption that…

…Foundation documents the growing disparity between income and wealth for the rich versus the poor in the U.S. from 1981 to 2000. Since his data does not extend beyond 2000,…