Showing posts with label inequality. Show all posts
Showing posts with label inequality. Show all posts

Economic Inequality Is Not Increasing. Propaganda Is

by Gary North.    It never ends. We are besieged by articles on today's increasing economic inequality. These articles have three things in common: 1. Each one has a favorite explanation/boogeyman. 2. Each one calls for political reforms to make things more equal. 3. Each one fails to mention Pareto's 20/80 law. Here is the main problem with these  ... MORE

Thomas Sowell: The Demand For Villains

Racism is a convenient rationale.    The latest tempest in a teapot controversy is over a lack of black nominees for this year's Academy Awards in Hollywood. The assumption seems to be that different groups would be proportionally represented if somebody were not doing somebody else wrong. That assumption carries great weight in far more     ... MORE

Thomas Sowell: Attacking the Truth: Part II

Merely applying the laws.       The case currently before the U.S. Supreme Court, involving racial double standards in admissions to the University of Texas at Austin, has an Alice-in-Wonderland quality that has been all too common in other Supreme Court cases involving affirmative action in academia, going all the way back to 1978. Plain        ... MORE

Scott Shackford: The Middle Class Is Shrinking!

Because They’re Getting Rich!   Success is seen as a disaster when you care more about income inequality than mobility. "The American Middle Class is Losing Ground," is the title of Pew Research Center's new report on income inequality. That headline informed the headlines that other media outlets have settled on as well. The Los Angeles  ... MORE

Stephen Moore: The Grievance Generation

Whiny college students protest hurt feelings.     Remember the campus unrest in the 1960s? Whether you agreed with the students or not, they were protesting about things of great consequence — like civil rights, or the military draft, or the Vietnam War. They had chants like “hell no, we won’t go.” Those were the good old days. Now we are        ... MORE

Thomas Sowell: Charlatans And Sheep

A closer look at the dynamics of disparity.     One of the many painful signs of the mindlessness of our times was a recent section of the Wall Street Journal, built around the theme "What's Holding Women Back in the Workplace?" Whenever some group is not equally represented in some institution or activity, the automatic response in some     ... MORE
Charlatans and Sheep: Part II                      Charlatans and Sheep Part III

Capitalism And Morality: Walter Williams Vs. Pope Francis

by Daniel J. Mitchell.  The Pope is divinely ignorant on economics. The biggest mistake of well-meaning leftists is that they place too much value on good intentions and don’t seem to care nearly as much about good results. Pope Francis is an example of this unfortunate tendency. His concern for the poor presumably is genuine, but he puts ideology ... MORE

Walter E Williams: Legal And Academic Equality Nonsense

Disproportionality is not inequality.     A particular act or policy might not have a discriminatory intent, but that doesn't let you off the hook. If it has a disproportionately negative impact on so-called protected classes, it is said to have a disparate impact and risks being prohibited by law. The uninformed assumption made by judges, lawyers and    ... MORE

John Stossel: Gentrify!

There goes the hood. No matter what you do, modern liberals will tell you you're wrong. For decades, liberals complained that American society is segregated because rich, white people don't want to live in ethnically mixed neighborhoods. Sometimes, liberals had a point. From the 1930s to 1960s, as rich white people moved into New York City, urban   ... MORE

John Stossel: What's Fair?

More gov't power seems the answer to all questions. Donald Trump's kids and Paris Hilton's siblings were born rich. That gave them a big advantage in life. Unfair! Inequality in wealth has grown. Today the richest 1 percent of Americans own a third of the assets. That's not fair! But wherever people are free, that's what happens. Some   ... MORE

How San Francisco's Progressive Policies Hurt The Poor

by Scott Beyer.    In recent years, a contradiction has unfolded in San Francisco. On the one hand, the city continues to practice progressive economic policies. But rather than helping its poor and middle-class—as such policies are advertised as doing—these groups in San Francisco have become more unequal, downwardly mobile, and altogether     ... MORE

The Demonization Of American Capitalism

by Jonathan Adelman.     In the last seven years, inspired heavily by the Great Recession of 2007-2009, there has been a tidal wave of demonization of American capitalism. From movies (“The Great Gatsby” to the “Wolf of Wall Street”) to large scale social protest movements (“Occupy Wall Street”) to “One Percenters” to much of the    ... MORE

The Typical Household, Now Worth a Third Less

by Anna Bernasek.      Economic inequality in the United States has been receiving a lot of attention. But it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too. The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 %    ... MORE