Steve Waldman and Garrett Jones are having an interesting back and forth over at interfluidity and econlib. It’s about optimal tax rates for capital income and labor income. Jones is a big fan of the Chamley-Judd view that capital income should be taxed at zero. Waldman is not, or more accurately, he thinks the Chamley-Judd… Continue reading Let’s start at -0.1
Author: Matt Bruenig
Policy Shop: The Trickiness of Measuring Inequality
New post at Policy Shop. Excerpt: These two facts — decoupling and income growth divergence — are the only facts you need to make the case that our distributive institutions are failing. Growth is supposed to benefit everyone at relatively equal rates. That is the official story of why productivity growth is the greatest thing… Continue reading Policy Shop: The Trickiness of Measuring Inequality
Poverty and race … and net worth
I wrote a post yesterday about poverty and race. The basic gist was that there are a lot of poor Whites, which is something quite a few people do not realize. The percentage of White people in poverty is lower than Blacks and Hispanics, but because there are just so many Whites, there are also… Continue reading Poverty and race … and net worth
Poverty and race
You would be surprised how many people do not realize that there are a lot of poor whites in this country. This is especially true among the wealthier white social justice types. For a long time, I assumed that these activists did not care that much about class issues, which is perhaps troubling in some… Continue reading Poverty and race
The corrupt university
Regular readers will know that I do not share the sentiments of many on the left that seem to fetishize the university. I like learning, researching, and theorizing, but the university system as a whole is an anti-egalitarian nightmare. So far, I’ve tended to talk about the class composition of universities, the extent to which… Continue reading The corrupt university