The Madness of NYT’s Tom Friedman | Consortiumnews
"When ranking which multi-millionaire American pundit is the most overrated, there are, without doubt, many worthy contenders, but one near the top of any list must be the New York Times’ Thomas L. Friedman – with his long record of disastrous policy pronouncements including his enthusiasm for George W. Bush’s invasion of Iraq.
Friedman, of course, has paid no career price for his misguided judgments and simplistic nostrums. Like many other star pundits who inhabit the Op-Ed pages of the Times and the Washington Post, Friedman has ascended to a place where the normal powers of gravity don’t apply, where the cumulative weight of his errors only lifts him up."
Thursday, April 11, 2013
How High Should Top Income Tax Rates Be? (Hint: Much Higher)
How High Should Top Income Tax Rates Be? (Hint: Much Higher):
"time series analyses of top income tax rates since World War II suggest that their decline has had a statistically insignificant impact on economic growth and its driving factors — labor supply, savings, investment, and productivity. On the other hand, the falling top tax rate has had a statistically significant impact both in increasing the share of income concentrated at the very top of the income distribution and the share of income accruing to capital at the expense of labor income."
"time series analyses of top income tax rates since World War II suggest that their decline has had a statistically insignificant impact on economic growth and its driving factors — labor supply, savings, investment, and productivity. On the other hand, the falling top tax rate has had a statistically significant impact both in increasing the share of income concentrated at the very top of the income distribution and the share of income accruing to capital at the expense of labor income."
Wednesday, April 10, 2013
Millionaire Freshmen Make Congress Even Wealthier - OpenSecrets Blog
Millionaire Freshmen Make Congress Even Wealthier - OpenSecrets Blog
"According to data collected from personal financial disclosure forms filed by all members of Congress and candidates who succeeded at the polls in November, the median net worth of the 94 incoming lawmakers at the end of 2011 was $1,066,515. The most recent numbers available from the U.S. Census show that the median net worth of the typical American household is $66,740. "
"According to data collected from personal financial disclosure forms filed by all members of Congress and candidates who succeeded at the polls in November, the median net worth of the 94 incoming lawmakers at the end of 2011 was $1,066,515. The most recent numbers available from the U.S. Census show that the median net worth of the typical American household is $66,740. "
Tuesday, April 09, 2013
How New Jersey Defendants Receive A Ten-Month Sentence For Being Poor | ThinkProgress
How New Jersey Defendants Receive A Ten-Month Sentence For Being Poor | ThinkProgress: "Most of the inmates in New Jersey’s jails are incarcerated because they were charged with a crime and are awaiting trial, and nearly 40 percent of them would have been released immediately had they been able to afford bail, according to a new study. "
Arggggh! American Workers at a Breaking Point - Yahoo! Finance
Arggggh! American Workers at a Breaking Point - Yahoo! Finance
"A whopping 83 percent of American workers said they are stressed out by at least one thing at work, up sharply from 73 percent in 2012, according to a survey by Harris Interactive for Everest College."
"A whopping 83 percent of American workers said they are stressed out by at least one thing at work, up sharply from 73 percent in 2012, according to a survey by Harris Interactive for Everest College."
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