Income inequality is very rigid

A Brookings Institute paper about income inequality has been making the rounds, and for good reason. In the paper, the authors draw upon tax data to determine how persistent income inequality is year to year. That is, do folks move up and down the income ladder year to year or do they basically stay where… Continue reading Income inequality is very rigid

A breakdown of the federal debt

The hysteria that generally surrounds the federal debt is almost entirely a joke. Smart Republicans pretend to be concerned with it, but only insofar as they think they can use it to push what they always push: more for the rich, less for the rest. Dumb Republicans push it because they are dumb. The reporting… Continue reading A breakdown of the federal debt