White House Brings In Oligarchy Heirs To Discuss Future

By: Monday April 21, 2014 12:05 pm

Though President Obama noted wealth inequality as the defining issue of our time and said “I realize we are not going to resolve all of our political debates over the best ways to reduce inequality and increase upward mobility this year or next year or in the next five years”, less than a year later and the White House is bringing in the heirs to America’s great fortunes not to discuss help with bringing back a meaningful inheritance tax, but planning how those soon to be oligarchs want to shape the country. Talk about a mixed message.

 

Contra Paul Krugman, Obamacare Is Not an Example of the 1 Percent Losing

By: Monday April 7, 2014 8:01 am

The ACA was at best a 1 percent vs 1 percent internal spat that resulted in some scraps falling off the table.

Dear Dr. Krugman: Please Let Me Explain

By: Saturday February 15, 2014 11:15 am

Paul Krugman can’t explain why the deficit issue has suddenly dropped off the agenda.

Murdoch’s Wall Street Journal Makes Dishonest Arguments Against Inequality

By: Friday January 3, 2014 5:01 pm

The news outlets catering to the market fundamentalists have begun to attack the idea that there even is inequality.

It’s Us or Them

By: Sunday December 15, 2013 10:29 am

The hyper-rich intend to screw the 99%. It’s us or them.

Secular Stagnation and Social Security

By: Sunday November 24, 2013 10:30 am

It would be easy to finance a big increase in Social Security by applying FICA taxes to income over $750K for Human Persons, and $10 million for Corporate Persons, Endowments, Trusts and other forms of hiding wealth.

The Three Great Premises of Idiot America Take Center Stage

By: Saturday September 28, 2013 11:30 am

These are good times for those who practice wingnuttery and those who observe them, as there is plenty of wingnuttery on display. Sadly, this exacts a cost, either in the idiotic policies and practices foisted upon society (see almost anything enacted at the urging of the NRA), or in the time and energy that must be wasted to beat back these idiocies (see Krugman, Paul “the Shrill One”). No, popcorn is not an option. It’s no surprise, then, that my thoughts have been turning to Charles Pierce.

Yours should too.

The Employer Mandate Is Not a Minor Add-on

By: Monday August 19, 2013 8:35 am

Since the Obama administration decided to delay the employer mandate I have noticed a disturbing trend where the defenders of the Affordable Care Act (ACA) are aggressively downplaying the role of the employer mandate. The latest example is Paul Krugman calling it “minor.”

Consensus Emerging With Economists That U.S. Economy Based On Rents Not Production

By: Friday June 21, 2013 9:15 am

Karl Marx may have been too optimistic about capitalism. Economist Michel Hudson has long claimed that Marx’s contention that ultimately industrial capitalism would triumph over finance capitalism was wrong. That, in fact, bankers have prevailed subjugating the productive forces of industry to the power of debt slavery and rentier capitalism. The real economy has been subsumed by the FIRE economy.

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