Peter Buffett has a piece in the New York Times titled The Charitable-Industrial Complex. From the article: As more lives and communities are destroyed by the system that creates vast amounts of wealth for the few, the more heroic it sounds to “give back.” It’s what I would call “conscience laundering” — feeling better about… Continue reading The Soul of Man under Socialism in the New York Times
Author: Matt Bruenig
Policy Shop: Which Economic Classes Have the Most Student Debt?
New post at Policy Shop. Excerpt: Whatever else there is to say about student debt, it cannot be said that debt falls primarily on lower income households. You would expect, from what we know of the college wage premium, that debt would primarily fall on higher income households, and indeed that’s what you find. For… Continue reading Policy Shop: Which Economic Classes Have the Most Student Debt?
Policy Shop: Shadow Stats and Tom Coburn’s Inflation Fantasies
New post at Policy Shop. Excerpt: One point missed in the debunkings so far is that the source Tom Coburn is almost certainly using, shadowstats.com, is total nonsense. The basic thrust of Coburn’s and Ron Paul’s inflation conspiracy theory is that the government has changed the way it measures inflation over time to intentionally generate… Continue reading Policy Shop: Shadow Stats and Tom Coburn’s Inflation Fantasies
Policy Shop: Transferring Cash to Poor People at the Local Level
New post at Policy Shop. Excerpt: The real fascinating case, then, is the Montgomery County EITC. Because most local governments do not have their own income tax, a local EITC program seems impractical. But Montgomery County has gotten around this problem by piggybacking off of Maryland’s state EITC program. When a Montgomery County resident receives… Continue reading Policy Shop: Transferring Cash to Poor People at the Local Level
TM Scanlon is wrong about in-kind benefits and you might be too
My prior post was about cash transfers versus in-kind benefits. In the twitter thread which motivated that post, I noticed Mike Konczal linking back to a TM Scanlon argument on his old WordPress site on the issue. I am pretty sure Mike and I have had this argument out in a comment section somewhere before,… Continue reading TM Scanlon is wrong about in-kind benefits and you might be too