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Politics and Economics

Trump Supporters and the Democratic Party, Part II

For the most part, these are longstanding Republican complaints against the Democratic Party. What's changed over the years is the intensity of feeling that accompanies the complaints...

Environmental Politics

Is it any wonder that a lot of Republicans soured on the environmental movement or came to doubt the "consensus" on climate change? Sure, as members of a pro-business/limited government party, it's not surprising that Republicans would be a bit less gung-ho about environmental regulation than Democrats. But that doesn't explain the change in Republican opinion over the last decade or so. 

Revisiting The Universal Basic Income: The Debate Continues, Part XI

Some government programs have already been shown to reduce chronic and transient poverty. One multi-year study found that the following government benefits combined reduced the chronic US poverty rate from 10.8% to 2.1%...What more can be done? Lots! Just a few ideas...

Revisiting The Universal Basic Income: The Debate Continues, Part X

At the debate, UBI advocates dismissed these predictions as overly speculative,  maintaining that possible risks could be managed.  Their main argument was that a generous UBI was called for because Americans are suffering and their situation will keep getting worse without a major overhaul of the social contract.  More specifically:  poverty, income volatility, job instability and stalled social mobility are a plague upon the country and the only cure is a universal basic income. ...So let's look at these Four Horsemen of the Apocalypse:

Trump Supporters and the Democratic Party, Part I

According to every recent survey I've read, Trump supporters are well aware of the President's character defects and many don't agree with all his policies, yet they continue to support this vile man because they trust his overall policy instincts, don't mind or even enjoy the show he puts on, and/or really, really hate the Democrats.

Revisiting The Universal Basic Income: The Debate Continues, Part VII

In Europe, high unemployment has been associated with the following: “generous unemployment benefits that are allowed to run on indefinitely, combined with little or no pressure on the unemployed to obtain work and low levels of active intervention to increase the ability and willingness of the unemployed to work" …What is it about work, and looking for work, that so many people would prefer not to?

Revisiting The Universal Basic Income: The Debate Continues, Part VI

UBI advocates often argue that government benefits only disincentivize work when they’re means-tested or stopped if the recipient gets a job. They argue that if you eliminated this “work-penalty”, there’d be no work disincentive.  For proof, they point to Alaska...

Revisiting The Universal Basic Income: The Debate Continues, Part IV

A whopping 57% of households in the bottom income quintile  are single individuals. This is not so surprising, given that 44% of bottom quintile households are headed by individuals younger than 25 or older than 64.  We're talking young people and seniors.

Revisiting The Universal Basic Income: The Debate Continues, Part I

Motion Summary:  Basic income recipients would include children and adults; the employed and unemployed; and citizens, permanent residents, and all other residents who could prove a residency duration of at least three years. The amount given would start at $1,000 per person per month and be pegged to GDP growth going forward. No programs in the existing social safety would be replaced by this policy...This begins a series of posts laying out my case against the above UBI proposal.

Taxing Wealth

Wealth is not the same as money. For the wealthy, it's mostly equity in businesses and financial assets, e.g., value of equipment, shares, stocks, and retirement accounts. These are assets that do work: build businesses, provide funds for capital investments, grow the economy, etc.

Women, Income, and Wealth

Specific classes are where you spend part of your life. Class is a range on a distribution, not a static group, except for some people. The trajectory is usually up with age, then plateau in one's 50s, then decline. But reaching the middle class is important, because if it lasts more than a few years, that means you can buy a house, accumulate equity, and have more options later on.

 

What Does It Mean to be a Moderate?

Moderates are often considered weak versions of the Real Thing - people who lack strong convictions, who don't want to rock the boat.

A Market-Based Approach to Healthcare?

The opposite was supposed to happen. Since more people would be insured under Obamacare, fewer would delay timely medical care. More would get regular check-ups.  Medical conditions would be caught and treated before they got out of hand, necessitating a visit to the ER. That was the theory anyway.