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

Popularism = Populism = Soak the Rich *and* Spread it Out Thin

For some reason in this time of crisis both foreign and domestic, I feel the need to remind Angrybear readers of a very simple stylized fact: If the income tax is constitutional and the top rate is less than 69% then non-incumbent Democratic candidates for President have won if and only if they promise to […]

Why Are You Out There?

When someone attempts to impede democracy actions are good things: Writer and naturalist Henry David Thoreau was once locked up for refusing to pay a poll tax. He opposed the tax on moral grounds – in a democracy, he argued, a man shouldn’t have to pay to vote…. That night, so the story goes, Thoreau […]