robertogreco + income   41

Affluent Foreign-Born Parents in N.Y. Prefer Public Schools - NYTimes.com
"In New York, the affluent typically send their children to private schools. But not the foreign-born affluent. In a divergence, a large majority of wealthy foreign-born New Yorkers are sending their children to public schools, according to an analysis of census data.

There are roughly 15,500 households in the city with school-age children where the total income is at least $150,000 and both parents were born abroad. Of those, about 10,500, or 68 percent, use only the public schools, the data show.

That is nearly double the rate of American-born parents in the city in the same income bracket."
immigrants  foreign-born  2012  diversity  publicschools  chilren  schools  wealth  income  education  parenting  nyc  from delicious
february 2012 by robertogreco
Students Pressure Chile to Reform Education System - NYTimes.com
"Segments of society that had been seen as politically apathetic only a few years ago, particularly youth, have taken an unusually confrontational stance twrd government & business elite, demanding wholesale changes in education, transportation & energy policy, sometimes violently…<br />
<br />
last Friday, Mr. Piñera noted Chileans were witnessing a “new society”…people “feel more empowered & want to feel they are heard.”…rebelling against “excessive inequality” in country…[w/] highest per capita income in Latin America but also…one of most unequal distributions of wealth…<br />
…protests leaders are also pushing for constitutional change to guarantee free, quality education from preschool through high school & a state-financed university system that ensures quality & equal access…<br />
<br />
“For many years our parents’ generation was afraid to demonstrate, to complain, thinking it was better to conform to what was going on. Students are setting an example without the fear our parents had.”
chile  politics  reform  education  equity  equality  disparity  sebastiánpiñera  2011  protest  protests  activism  change  apathy  engagement  empowerment  income  incomegap  wealth  latinamerica  access  policy  energy  transportation  wealthdistribution  from delicious
august 2011 by robertogreco
News: 'Class Dismissed' - Inside Higher Ed [via: http://willrichardson.com/post/8211907232/fix-poverty-forget-about-education ]
"What I learned—& what I wanted to convey in the book—is the unsettling truth that if people truly care about lessening poverty and economic inequality, they should forget about education…<br />
<br />
Regarding inequality, I would point to the findings of Richard Wilkinson and Kate Pickett, who have shown that people who live in more equal countries live demonstrably better lives than those who live in less equal countries. In more equal countries, people—rich & poor alike—live longer, trust each other more, discriminate against women less, devote more resources to foreign aid, have fewer bouts of mental illness, use fewer drugs, murder each other less, have lower rates of infant mortality, suffer less from obesity, are more literate and numerate, complete more years of schooling, imprison fewer people, and enjoy greater social mobility…<br />
<br />
Although economists and scholars debate it, it is not clear that the US needs or will need many more college graduates than it already generates."
education  economics  inequality  equality  poverty  deschooling  unschooling  policy  us  2011  johnmarsh  lifelonglearning  intrinsicmotivation  highereducation  highered  money  income  incomegap  from delicious
july 2011 by robertogreco
Society | Vanity Fair — Of the 1%, by the 1%, for the 1%
"The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesn’t seem to have bought: an understanding that their fate is bound up with how the other 99 percent live. Throughout history, this is something that the top 1 percent eventually do learn. Too late."
society  politics  economics  psychology  money  history  inequality  disparity  wealth  via:preoccupations  josephstiglitz  2011  opression  classwarfare  income  inequity  greed  alexisdetocqueville  self-interest  concentrationofwealth  policy  power  control  revolt  taxes  wealthdistribution  from delicious
july 2011 by robertogreco
Recession or no recession, many NFL, NBA and Major League - 03.23.09 - SI Vault
"Recession or no recession, many NFL, NBA and Major League Baseball players have a penchant for losing most or all of their money. It doesn't matter how much they make. And the ways they blow it are strikingly similar"
via:tcarmody  athletes  money  economics  lottery  finance  2009  sports  celebrities  income  from delicious
may 2011 by robertogreco
Why the Creator of 'The Wire' Turned the Camera to New Orleans | | AlterNet
"Simon: I'm a socialist. I'm not a Marxist, but I am a socialist. You hear these sons of bitches invoke socialism to suggest that we shouldn't have an actuarial group of 300 million people and keep all of us a little more healthy by sharing. It's a thoughtless triumph of ignorance.
Both parties fear telling the truth. The collapse of all democratic integrity over taxes is near complete. I'm making a lot of money. I should be paying a lot more taxes. I'm not paying taxes at a rate that is even close to what people were paying under Eisenhower. Do people think America wasn't ascendant and wasn't an upwardly mobile society under Eisenhower in the '50s? Nobody was looking at the country then and thinking to themselves, "We're taxing ourselves into oblivion." Yet there isn't a politician with balls enough to tell that truth because the whole system has been muddied by the rich. It's been purchased."
davidsimon  taxes  politics  us  treme  thewire  police  crime  lawenforcement  drugs  prisons  neworleans  nola  baltimore  2011  interviews  socialism  marxism  sharing  taxation  disparity  healthcare  health  policy  corruption  democracy  democrats  money  prosperity  income  incomegap  society  dwightdeisenhower 
may 2011 by robertogreco
Why the Creator of 'The Wire' Turned the Camera to New Orleans | | AlterNet
"Simon: I'm a socialist. I'm not a Marxist, but I am a socialist. You hear these sons of bitches invoke socialism to suggest that we shouldn't have an actuarial group of 300 million people and keep all of us a little more healthy by sharing. It's a thoughtless triumph of ignorance.<br />
Both parties fear telling the truth. The collapse of all democratic integrity over taxes is near complete. I'm making a lot of money. I should be paying a lot more taxes. I'm not paying taxes at a rate that is even close to what people were paying under Eisenhower. Do people think America wasn't ascendant and wasn't an upwardly mobile society under Eisenhower in the '50s? Nobody was looking at the country then and thinking to themselves, "We're taxing ourselves into oblivion." Yet there isn't a politician with balls enough to tell that truth because the whole system has been muddied by the rich. It's been purchased."
davidsimon  taxes  politics  us  treme  thewire  police  crime  lawenforcement  drugs  prisons  neworleans  nola  baltimore  2011  interviews  socialism  marxism  sharing  taxation  disparity  healthcare  health  policy  corruption  democracy  democrats  money  prosperity  income  incomegap  society  dwightdeisenhower  from delicious
may 2011 by robertogreco
Economist's View: Increasing Taxes on the Wealthy is Unfair???
"The immorality is based upon the idea that the wealthy earned every penny they received and it would be immoral to take it away and give it to those who didn't toil as hard, as effectively, or at all (you know, the people whose wages have not kept up with their productivity). The arguments against the idea that pay at the top reflects merit alone are well known -- the contention hardly passes the laugh test -- and I won't repeat them here. But anyone who thinks the reward for crashing the financial sector ought to be unimaginable wealth should rethink their ideas."
taxes  budget  debt  2011  morality  right  left  income  wealth  policy  politics  trickledowneconomics  economics  money  society  wealthdistribution  from delicious
april 2011 by robertogreco
Enriching Executives, at the Expense of Many - NYTimes.com
"Mr. Meyer’s favorite pay-and-performance comparison pits Statoil against ExxonMobil. Statoil, which is two-thirds owned by the Norwegian government, pays its top executives a small fraction of what ExxonMobil pays its leaders. But Statoil’s share price has outperformed Exxon’s since the Norwegian company went public in October 2001. Through March, its stock climbed 22.3 percent a year, on average, Mr. Meyer notes. During the same period, Exxon’s shares rose an average of 11.4 percent annually, while the Standard & Poor’s 500-stock index returned 1.67 percent, annualized."<br />
<br />
"OTHER aspects of Statoil’s governance also appeal to Mr. Meyer. Its 10-member board includes three people who represent the company’s workers; management is not represented on the board. In addition, Statoil has an oversight group known as a corporate assembly, something that is required under Norwegian law for companies employing more than 200 workers…"
salaries  ceos  oil  stockholders  incentives  governance  boardmembers  executivepay  norway  exxonmobile  statoil  performance  pay-and-performance  2011  us  inequality  wealth  incomegap  income  from delicious
april 2011 by robertogreco
Boston Review — David Bollier and Jonathan Rowe: The 'Illth' of Nations
"Current beliefs about economic freedom emerged in West during 17&18th centuries…entrepreneurs were challenging the remnants of feudalism, & private property stood as a symbol of freedom against arrogant royal rule. …yesterday’s answer became today’s problem. Today it is private property, as embodied in corporation, that has become arrogant…solution is not all-encompassing state—authoritarian “we” that has been the reactive refuge of Left. Regulation there must be; but there must also be a different kind of property—common property—that exists alongside the market, providing a buffer against its excesses & producing what the corporate market can’t.<br />
<br />
As market culture intrudes ever-deeper into daily life—from public spaces to the inner lives of kids— there is a yearning for space that is beyond the reach of buying & selling. People might not use the word “commons;” but they seek increasingly what it represents—community, freedom, & the integrity of natural & social processes."
economics  anarchism  marxism  via:javierarbona  davidbollier  freedom  jonathanrowe  illth  growth  property  perspective  commons  privateproperty  we  autoritarianism  left  politics  policy  commonproperty  excess  scarcity  abundance  future  wealth  culture  society  progress  community  intefrity  social  distribution  markets  marketfundamentalism  local  gdp  work  prosperity  well-being  affluence  income  incomegap  redistribution  taxes  taxation  wealthdistribution  from delicious
april 2011 by robertogreco
The 12 States of America - The Atlantic
"Since 1980, income inequality has fractured the nation. Click each icon to see each of the dozen states, which counties belong to them and how median income has changed over the last 30 years."
economics  culture  us  maps  mapping  statistics  income  incomegap  diversity  disparity  inequality  1980  2010  classideas  from delicious
march 2011 by robertogreco
VIDEO: America Is NOT Broke | MichaelMoore.com
"400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer "bailout" of 2008, now have more loot, stock and property than the assets of 155 million Americans combined. If you can't bring yourself to call that a financial coup d'état, then you are simply not being honest about what you know in your heart to be true.…<br />
<br />
America ain't broke! The only thing that's broke is the moral compass of the rulers. And we aim to fix that compass and steer the ship ourselves from now on. Never forget, as long as that Constitution of ours still stands, it's one person, one vote, and it's the thing the rich hate most about America -- because even though they seem to hold all the money and all the cards, they begrudgingly know this one unshakeable basic fact: There are more of us than there are of them!<br />
<br />
Madison, do not retreat.  We are with you. We will win together."
economy  wealth  income  michaelmoore  inequality  incomegap  economics  classwarfare  us  wisconsin  2011  budget  budgetcuts  finance  society  unions  collectivebargaining  from delicious
march 2011 by robertogreco
Jon Stewart on the cushy lives of teachers - Boing Boing
"As always, Mr Stewart puts it into perspective -- the same people who object to limiting the tax-funded bonuses of bailed out bankers because it would violate their contracts say that teachers' contracts should be torn up and their benefits slashed."
teaching  jonstewart  dailyshow  wisonsin  banking  finance  us  2011  policy  money  income  salaries  benefits  foxnews  contracts  from delicious
march 2011 by robertogreco
Plutocracy Now: What Wisconsin Is Really About
"It's not clear how this will get turned around. Unions, for better or worse, are history…<br />
<br />
And yet: The heart & soul of liberalism is economic egalitarianism. Without it, Wall Street will continue to extract ever vaster sums from the American economy, the middle class will continue to stagnate, & the left will continue to lack the powerful political & cultural energy necessary for a sustained period of liberal reform.…<br />
<br />
Over the past 40 years, the American left has built an enormous institutional infrastructure dedicated to mobilizing money, votes, & public opinion on social issues, & this has paid off with huge strides in civil rights, feminism, gay rights, environmental policy, and more. But the past two years have demonstrated that that isn't enough. If the left ever wants to regain the vigor that powered earlier eras of liberal reform, it needs to rebuild the infrastructure of economic populism that we've ignored for too long."
politics  left  us  policy  plutocracy  wealth  power  income  finance  wallstreet  unions  future  egalitarianism  history  reform  change  wisonsin  2011  disparity  stagnation  society  taxes  incomegap  labor  middleclass  wealthdistribution  from delicious
february 2011 by robertogreco
Mapping America — Census Bureau 2005-9 American Community Survey - NYTimes.com
"Browse local data from the Census Bureau's American Community Survey, based on samples from 2005 to 2009. Because these figures are based on samples, they are subject to a margin of error, particularly in places with a low population, and are best regarded as estimates."
maps  visualization  census  data  statistics  us  race  income  housing  families  education  classideas  2010  diversity  nytimes  ethnicity  demographics  from delicious
february 2011 by robertogreco
Interactive | State of Working America
"Use the sliders on the timeline to select a timespan, and see how growth in average income was shared between the richest 10% and the other 90% of Americans. All figures are in 2008 dollars."
wealth  us  economics  trickledownmyass  disparity  therichgetricher  it'sbroken  money  policy  charts  graphs  classideas  labor  work  productivity  incomegap  income  timeline  from delicious
february 2011 by robertogreco
Inequality: The rich and the rest | The Economist
Viewed from this perspective, the right way to combat inequality and increase mobility is clear. First, governments need to keep their focus on pushing up the bottom and middle rather than dragging down the top: investing in (and removing barriers to) education, abolishing rules that prevent the able from getting ahead and refocusing government spending on those that need it most. Oddly, the urgency of these kinds of reform is greatest in rich countries, where prospects for the less-skilled are stagnant or falling. Second, governments should get rid of rigged rules and subsidies that favour specific industries or insiders. Forcing banks to hold more capital and pay for their implicit government safety-net is the best way to slim Wall Street’s chubbier felines. In the emerging world there should be a far more vigorous assault on monopolies and a renewed commitment to reducing global trade barriers—for nothing boosts competition and loosens social barriers better than freer commerce."
inequality  income  economics  capitalism  poverty  disparity  wealth  policy  from delicious
january 2011 by robertogreco
leading and learning: The source of school failure
"What all children need are rich sensory experiences in the company of caring adults. 'Before the word comes the experience'.<br />
<br />
We need to bring back those neglected language experience programmes. We need to help chidren explore their immediate enviroment and express what they see. We also need to value their own experiences as the basis of early reading and writing.<br />
<br />
Such ideas would be a better solution than the false promise of jolly phonics!<br />
<br />
And, if we could develop this richness of experience from an early age, we wouldn't need the reactionary populist simplistic standards so loved by politicians and conservative parents."
brucehammonds  education  children  language  learning  schools  disparity  society  income  policy  experience  reading  from delicious
november 2010 by robertogreco
America, get realistic and tax the rich | Marketplace From American Public Media
"And in that respect, the Brits are much more realistic than Americans. For all that the American Dream is woven into this country's culture, there's actually less social mobility here than in most of Europe. If you're born poor, you're much more likely to make it rich in a country like Sweden or even Canada than you are in the U.S.<br />
<br />
Countries that provide good resources for poorer families and have cheap or free university education are much more likely than America to see people working their way up the ladder. Americans oppose tax cuts because they think that even if they're not rich today, they might be tomorrow. But they're wrong about that. The American Dream is just a dream -- it is not based on reality."
taxes  us  uk  europe  socialmobility  income  money  americandream  2010  wealth  from delicious
october 2010 by robertogreco
Question: What makes us feel wealthy? | Marketplace From American Public Media
"In a second question posed to financial psychologist Ted Klontz and the Wall Street Journal's Robert Frank, Tess Vigeland asks what it is that makes people feel wealthy. It turns out, the fact that many don't believe they're rich may be the problem."
wealth  perspective  comparison  psychology  money  taxes  incomegap  income  from delicious
october 2010 by robertogreco
When Did Teachers Become Bums? | CommonDreams.org
"It’s pretty hard to teach a kid who has been raised by the television, when he hasn’t eaten breakfast, when the family has been kicked out of their home, when he has to work a job to help feed the siblings, when the parents have just gotten divorced or lost both of their jobs, when no-one at home speaks English, or when their most alluring role models are dope dealers, pimps, or gangsta rappers. Imagine, then, trying to teach a room full of such trauma cases…<br />
<br />
If you want better schools, work for more stable incomes, families and neighborhoods. Get involved in your schools. Fire the few bad teachers but support the overwhelming number of good ones. And don’t be suckered by those peddling venom in the guise of altruism. Your children are products to them, pieces of meat on an assembly line whose only purpose is to produce profits. We can be better than that."
education  policy  2010  learning  middleclass  disparity  wealth  incomegap  income  poverty  society  teaching  schools  us  rttt  charters  forprofit  reform  wealthdistribution  from delicious
october 2010 by robertogreco
What Salary Buys Happiness in Your City? - Real Time Economics - WSJ
"A new study that shows income after a worker earns $75,000 the measurable effect on happiness of pay increases stops has gained a lot of attention, but that figure may vary widely from city to city.<br />
<br />
As our colleague Robert Frank notes on the Wealth Report, $75,000 in New York doesn’t buy as much as the same amount in, say, South Dakota. That got us thinking, if $75,000 is the national average salary level for happiness, what is the variation from city to city?"
happiness  income  money  data  costofliving  well-being  salaries  us  cities  comparison  diminishingrewards  wealth  nyc  from delicious
september 2010 by robertogreco
Seven Reasons Not to Send Your Kids to College [and five alternatives] - DailyFinance
"Imagine a retirement where you could have an extra $1million to $3 million in the bank with basically no effort. Now imagine telling your kids that you aren't going to send them to college. And, you go on, you want them to immediately start a business or get to work as soon as they finish high school.<br />
<br />
These are difficult things to imagine because we've been so scammed by the "career industry" that tells us we need college degrees in order to succeed in life, regardless of how much money we spend for those degrees or what we actually do with our lives during the four to eight years it takes us to get those degrees.<br />
<br />
But in my view, the entire college degree industry is a scam, a self-perpetuating Ponzi scheme that needs to stop right now."
colleges  universities  highereducation  highered  cost  debt  alternative  jamesaltucher  ponzischemes  bubbles  higheredbubble  unschooling  deschooling  glvo  education  learning  entrepreneurship  income  travel  handson  apprenticeships  internships  from delicious
august 2010 by robertogreco
Do Economic Slumps Produce More Churchgoers? - Newsweek
"if atheists-foxholes hypothesis were true, “then real poor people would go to church like crazy & no one else would go very much.” (Economic studies do show poor are attracted to fundamentalist, Pentecostal, & sectarian branches...not that they go to church more during hard time...they go to different kinds of churches.)...
religion  economics  interconnectedness  community  wealth  income  unemployment  2010 
july 2010 by robertogreco
Daniel Kahneman: The riddle of experience vs. memory | Video on TED.com
"Using examples from vacations to colonoscopies, Nobel laureate and founder of behavioral economics Daniel Kahneman reveals how our "experiencing selves" and our "remembering selves" perceive happiness differently. This new insight has profound implications for economics, public policy -- and our own self-awareness."
danielkahneman  memory  happiness  satisfaction  self-awareness  behavior  experience  ted  2010  psychology  money  goals  via:jessebrand  time  endings  well-being  policy  publicpolicy  economics  life  reflection  climate  california  education  design  learning  science  wealth  income  emotions  capitalism 
march 2010 by robertogreco
This Week In Education: Thompson: The Equality Trust [via: http://www.downes.ca/cgi-bin/page.cgi?post=51768]
"Just as out-of-school effects trump schools' & teachers' contributions to learning, equality & inequality trumps economic wealth in creating livable society. Americans living in more equal states live around 4 years longer than those in more unequal states."
inequality  disparity  income  economics  well-being  education  comparison  us  statistics  world  international 
february 2010 by robertogreco
The psychological effects of recession - Brainiac
"In each case, a recession during one's impressionable years had a significant effect on political and economic attitudes. People with such an experience were more committed to redistribution, more inclined to attribute success to luck, and less likely to trust public institutions. In each case, having been through a severe recession accounted for 4 percent of the variation in attitudes. For the sake of comparison, in the case of income redistribution, that's about one-third of the effect of possessing a high school education--as opposed to a B.A. or B.S, the authors said. (People with college degrees are less amenable to income redistribution.) ... The paper was intended partly as a contribution to the theoretical debate on how opinions are formed. But it doesn't seem a stretch to conclude that the current economic crisis may have long-lasting political effects--or that American attitudes toward inequality may become somewhat more "European" in years to come."
recession  greatdepression  psychology  policy  politics  economics  change  age  generations  income  redistribution  class  wealth  opinions  crisis  2009 
december 2009 by robertogreco
News: Catching Up to Canada - Inside Higher Ed
"So what might the United States do to catch up to Canada? Or, as Parkin put it, "We're giving you our pointers so that you can help President Obama meet his goal."
canada  us  education  highereducation  international  competition  enrollment  retention  accessibility  rankings  communitycolleges  oecd  income  competitiveness  graduationrates 
november 2009 by robertogreco
Features: 'A narrower Atlantic' by Peter Baldwin | Prospect Magazine May 2009 issue 158
"Despite America’s move to the left under Obama, it’s still assumed that Europe & America are fundamentally different—in their economies, societies & values. But this is a myth...If we compare 4 areas: economy, social policy, environment & religion & cultural attitudes, the evidence in each case allows 2 conclusions. First, Europe is not a coherent or unified continent. The spectrum of difference within even the 16 countries of western Europe is far broader than normally appreciated. Second, with a few exceptions, the US fits into this spectrum...If there is anything that most separates American society from Europe, it is the continuing presence of an ethnically distinct underclass...No one is arguing that America is Sweden. But nor is Britain, Italy, or even France. And since when does Sweden represent “Europe”—at least anymore than the ethnically homogenous, socially liberal state of Vermont does America? Europe is not the continent alone & certainly not just its northern regions."
us  europe  culture  society  statistics  demographics  crime  poverty  literacy  education  socialism  nationalism  comparison  politics  similarities  differences  income  policy  socialpolicy  spending  perception  oil  environment  recycling  consumption  books  reading  energy  religion  govenment  science  barackobama  georgewbush  stereotypes  taxes  economics  evolution  health  families  healthcare  agriculture  secularism  healthinsurance  values 
june 2009 by robertogreco
YouTube - The Coming Collapse of the Middle Class
"Distinguished law scholar Elizabeth Warren teaches contract law, bankruptcy, and commercial law at Harvard Law School. She is an outspoken critic of America's credit economy, which she has linked to the continuing rise in bankruptcy among the middle-class."
elizabethwarren  economics  middleclass  bankruptcy  collapse  statistics  health  money  finance  credit  debt  families  crisis  history  politics  culture  society  us  income  class 
may 2009 by robertogreco
Tuttle SVC: Shorter Last Night's Rant [see also: http://www.tuttlesvc.org/2009/04/mckinsey-goes-skin-deep.html]
"I've seen no evidence (and McKinsey provides none) that any country has closed an achievement gap tied to income equality as large as the US's.
us  diversity  achievementgap  pisa  humandevelopment  education  schools  publiceducation  tomhoffman  mckinsey  policy  equality  income 
april 2009 by robertogreco
Neighborhoods - Mapping L.A. - Data Desk - Los Angeles Times
"Welcome to the Los Angeles Times' map of L.A.'s neighborhoods. So far, Times staffers have laid out 87 communities within the city limits. Many of these include well-known smaller neighborhoods--such as Larchmont or Little Tokyo--which are listed under larger communities, at least for now.
losangeles  mapping  maps  crowdsourcing  california  geography  cartography  neighborhoods  interactive  tcsnmy  offcampustrips  demographics  cities  urban  census2000  data  ethnicity  income  population  housing  families  education  age  military  ancestry  immigration  community  latimes 
february 2009 by robertogreco
12.02.2008 - EEGs show brain differences between poor and rich kids
"University of California, Berkeley, researchers have shown for the first time that the brains of low-income children function differently from the brains of high-income kids.
education  brain  learning  poverty  economics  psychology  neuroscience  income  culture  research  class  children  wealth  cognition  creativity  problemsolving  rootcauses  games  gaming  environment  parenting  museums  books  reading  libraries  earlychildhood 
december 2008 by robertogreco
Creative Class » Blog Archive » Spiky and Unequal - Creative Class
"U.S. cities are now as unequal as those in Africa, according to a new UN report...urban inequality which was previously reflected poverty concentration now reflects the increasing concentration of wealthier, higher-skilled populations in certain urban areas."
wealth  inequality  disparity  income  us  africa  creativeclass  cities  urban 
november 2008 by robertogreco
Trapped in the New 'You're on Your Own' World - The New York Review of Books
"The transfer of risk from social and private institutions to individuals transfers a burden, mainly from the strong to the weak. That is primarily an issue of equity. It will surely become more urgent in current circumstances, perhaps urgent enough to be seen as a central political issue. Suppose that the best way to relieve that burden is by sharing the risk through universal social insurance. The premium then has to be a tax, a tax on work or enterprise, or some productive activity, and such a tax is a distortion, a source of inefficiency, a true cost to society. What then? I know what Gosselin would say: a society that won't pay a small cost to preserve equitable and fair treatment of, among others, the sick, the old, the unemployed, and the victims of natural disaster is not much of a society. Is that a minority view?"
insurance  economics  politics  society  efficiency  equity  moralhazard  us  socialsecurity  unemployment  income 
november 2008 by robertogreco
Op-Ed Contributor - Rich Man’s Burden - Op-Ed - NYTimes.com [via: http://www.kottke.org/08/09/relatively-rich]
"This is a stunning moment in economic history: At one time we worked hard so that someday we (or our children) wouldn't have to. Today, the more we earn, the more we work, since the opportunity cost of not working is all the greater (and since the higher we go, the more relatively deprived we feel). In other words, when we get a raise, instead of using that hard-won money to buy "the good life," we feel even more pressure to work since the shadow costs of not working are all the greater."
wealth  us  hours  work  income  leisure  trends  class 
september 2008 by robertogreco
Who's poor? It depends on where you live, some say. | csmonitor.com
"Now, a steadily growing number of experts and policymakers argue that the poverty line should look like a wave, fluctuating with geography. That's the way New York officials see it, too. Last month, they unveiled a first-of-its-kind poverty measure that includes the city's actual costs of living."
poverty  income  economics  nyc  costofliving  regional 
august 2008 by robertogreco

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