Over at the Demos dot org slash blog, I discussed this Bernie Sanders quote:
If 99 percent of all the new income goes to the top 1 percent, you could triple it, it wouldn’t matter much to the average middle class person. The whole size of the economy and the GDP doesn’t matter [...]
I’ve been reading the recent EPI report from Elise Gould, Alyssa Davis, and Will Kimball titled “Broad-Based Wage Growth Is A Key Tool In The Fight Against Poverty.” The report shows, as you would expect, that if earners at the bottom had higher market incomes, then poverty would be somewhat lower as [...]
Two posts ago, I rehashed the point that owners of capital income do not produce it and therefore have no desert-based claim to it. One post ago, I responded to the rebuttal that they do in fact do work to receive capital income, namely the work of deploying and managing capital. [...]
In my prior post, I pointed out that capital income is paid to non-productive people who don’t, under a labor-desert theory of entitlement, deserve it. In response to this explanation, some commenters have said that in fact capitalists do work in some way. It’s not that they just have capital and then income [...]
It bothers me as a general matter that so much of our discourse about the economy can proceed as if capitalism distributes things according to variations in work and contribution, or in short desert. It bothers me both because it is wrong and also because it is clearly wrong in ways that have [...]
It’s commonplace for some to note that there are racial and class disparities in student debt levels and then hastily conclude that the cost of college is a cause of wealth inequality. These analyses strike me as deeply confused. Consider the following example.
Scenario One: Non-Free + Price Discrimination
In the status [...]
At the risk of flattering Isaiah Berlin, who I believe to be a very overrated figure, it is important in debates about liberty to not muddle two different concepts.
Liberty in the “negative” sense refers to essentially non-interference. Previously, I have spent a lot of time pointing out that this sense of liberty is incompatible [...]
Whenever libertarians talk about the evils of liberty-restricting paternalism, I can’t help but recall that the endorsement of paternalism is the only plausible way their theory of laissez-faire property is supposed to get off the ground in the first place.
As Nozick notes, the appropriation of property is inherently liberty-destroying:
It will be implausible to [...]
In my meanderings on the internet, I’ve run across some misconceptions about Norway’s oil and Sovereign Wealth Fund that I think are harmful to understanding Norway’s welfare success. So here are some things worth noting:
Norway does not use its oil revenues to fund its state. Norway’s oil is under the control of the state-run [...]
Recently, much attention has been paid to cops behaving the way cops often behave: killing blacks, harassing blacks, abusing blacks, and so on. One line of commentary on this newfound interest in long-standing cop abuse is that this abuse is the fault of (or cannot be stopped because of) police unions. While I have no [...]