Tag Archives: 99%

The upper class has a higher propensity for unethical behavior. Well I never…

Good piece in today’s Real World Economics telling us what we always suspected: http://rwer.wordpress.com/2012/11/15/the-upper-class-has-a-higher-propensity-for-unethical-behavior/ The upper class has a higher propensity for unethical behavior, being more likely to believe – as did Gordon Gekko in the movie “Wall Street” – … Continue reading

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Some economists don’t get paid to know about the economy, but to justify the trickle-up of wealth.

Interesting piece from Dean Baker in today’s Real World Economics: http://rwer.wordpress.com/2012/11/03/inequality-the-silly-tales-economists-like-to-tell/ There is no serious dispute that the United States has seen a massive increase in inequality over the last three decades. However there is a major dispute over the … Continue reading

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What I Really Think of Mitt Romney’s 47% Speech

Someone asked me what I thought of Mitt Romney’s recently leaked speech vilifying the 47% who don’t pay Federal Income Tax. Well apart from thinking it a fine piece of political kamikaze, morally I replied: What Mitt Romney ignored when … Continue reading

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Free Market Fundamentalism: Top Ten Failings

Like any fundamentalism, Free Market Fundamentalism is necessarily involved in a profound denial of many aspects of reality. What is worse for us all, is that since around 1980 we have been all involved in a massive experiment to see … Continue reading

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What Do the Top 0.1% in the US Earn?

Well as regular readers of this blog know, I like statistics. And I liked this table in today’s Real World Economics at: http://rwer.wordpress.com/2012/08/04/percent-of-income-earned-by-top-0-1-percent-of-taxpayers-6-countries-chart/ which shows just how increasingly skewed the share of US national income going to the top 0.1% … Continue reading

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US Median Net Wealth Among Lowest of Developed Countries

Interesting graph in Real World Economics today showing just how low median (half the population have more, half have less) net wealth is in the US especially compared with its income. Remember, wealth is the total value of a household’s … Continue reading

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$20 Trillion Dollars (13 Trillion Pounds) Hidden from Tax Authorities by Global Elite

I grew up in a conservative family within a very conservative suburban environment with an extended family of conservative small business people. This milieu stressed personal accountability, modest life style, obeying the law, and thrift. Most of the conservatives I … Continue reading

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