Tag: Inequality

All Men Are Brothers, but All Too Often They Do Not Act Accordingly »

In “The Communist Manifesto,” Marx and Engels tell us that “[t]he history of all hitherto existing society is the history of class struggles.” In a sense, I agree, although I define the struggling classes differently than they did. In any event, it seems clear enough from what we know about the past ten thousand...
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The Ferguson Protesters vs. the Liberal Left »

The protests that began in Ferguson against a government and a legal system that systematically work to oppress minorities and the disadvantaged have continued, now inflamed by the decision not to indict the New York police officer who killed Eric Gardner by placing him in a chokehold (because he was suspected of selling cigarettes)....
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Income Inequality Is a Statistical Artifact »

The past year or so has witnessed a tremendous outpouring of commentary about income inequality. Pundits and politicians have huffed and puffed about it, mainly about its alleged evils and what governments should do to diminish it. Mainstream economists have devoted a great deal of attention to dissecting French economist Thomas Piketty’s book Capital...
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Obama’s Undisciplined School Discipline Reforms »

Keeping kids safe at school should go hand in hand with ensuring high-quality academics. The U.S. Department of Education’s record on both fronts has been poor at best. During the No Child Left Behind era of George W. Bush, parents were supposed to have an Unsafe School Choice Option. Partisan politics and perverse incentives...
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The Giver’s Dystopia: Total Equality and No Humanity »

“Submitting to censorship is to enter the seductive world of The Giver: the world where there are no bad words and no bad deeds. But it is also the world where choice has been taken away and reality distorted. And that is the most dangerous world of all.” —Lois Lowry Last month, I had...
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Politics and Inequality »

The Federal Reserve has just released a survey indicating that income and wealth inequality has been growing in the United States since 2007. Meanwhile, President Obama has called for government action to reduce inequality. So, it is worth a remark that the growth in inequality reported by the Fed pretty much coincides with the...
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Rags to Riches (to Rags Again) »

“Most income statistics present a snapshot picture as of a given moment—and their results are radically different from those statistics which follow the same given individuals over a period of years.” —Thomas Sowell Last week, CNNMoney carried a fascinating report on how rich families end up squandering their wealth: Nearly 60% of the time...
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50 Years of Mischief: The Triumph and Trashing of the Civil Rights Act »

The Civil Rights Act was not a perfect law—no law is perfect–but it did embody two principles of the long civil rights movement: First, the individual (not the group) is the measure of justice. Secondly, nondiscrimination is mandatory for the government and worth pursuing in our private lives. If policymakers had enforced the Civil Rights Act in good faith, time might have eroded the tendency to view others as members of a group, rather than as individuals.

Once Again, Government Displaces Real Aid »

The history of the growth of government is riddled with government programs driving out well-functioning arrangements for the private provision of assistance and social services, including welfare, healthcare and hospital services, unemployment assistance, disaster relief and more. So it should come as no surprise that now Obamacare is doing the same. As reported in...
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Piketty on Inequality »

The ultimate thesis in Thomas Piketty’s Capitalism in the Twenty-First Century is that the return on capital is higher than the growth in output and wages, so the owners of capital will see their wealth, and therefore, incomes, rise faster than those who earn the bulk of their incomes through labor. The distribution of...
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