The Consequences of Extreme Inequality

In 1912, Italian statistician Corrado Gini introduced a concept (which came to take his name) called the Gini Coefficient. The coefficient, which is a measure of statistical dispersion, is used primarily to measure the level of economic inequality, such as income, wealth, and consumption inequality. This coefficient is calculated by subtracting from cumulative income in … Continue reading The Consequences of Extreme Inequality

Why ‘Medicare For All’ Is The Wrong Approach

A rallying call for many in the progressive left, Medicare For All was effectively introduced and championed by Senators Bernie Sanders in the 2016 and 2020 Democratic Party Presidential Primaries. Advocates, of which there are many, claim that Medicare For All would bring the United States in line with the rest of the world, promising … Continue reading Why ‘Medicare For All’ Is The Wrong Approach

Investigating Social Security Privatization

Introduced as part of Franklin Roosevelt's New Deal, Social Security redefined the role of the government in American life in an almost revolutionary way, similar to the widespread adoption of public education. Despite it's out-sized impact, Old Age and Survivors Insurance (what most people refer to when they speak of Social Security) continues to be … Continue reading Investigating Social Security Privatization

We Can’t Quite Call Sluggish Growth Endemic

The pace of economic progress in America has been just shy of miserable over these past few years. Sure, the stock market is booming, unemployment (until COVID) had reached a half-century low, and most Americans were satisfied with the state of the economy and their personal financial and material well being. None of this is … Continue reading We Can’t Quite Call Sluggish Growth Endemic

Discussing The Progressive Consumption Tax

In early January 2003, a interesting bill was referred to the House Ways and Means Committee: H.R.269 Simplified USA Tax Act of 2003. This bill, sponsored by then-Representative of Pennsylvania Phil English, would, among other things, replace the federal income, estate, and gift taxes with a "progressive consumption tax." In the other words, a tax … Continue reading Discussing The Progressive Consumption Tax

Social Capital and Public Policy

Progressives and social democrats in America have espoused the virtues of comprehensive social insurance, universal healthcare, universal college, universal housing, among other things. I believe generally liberals and socialist have two different core reasons for their support of public programs like these, and I'd like to discuss my views and approach to public policy with … Continue reading Social Capital and Public Policy

How Much Would It Cost For California To Adopt A Single-Payer Health Care System?

I'm going to get straight to the point. How much would it cost for the state of California to fund a "Medicare-for-All" single-payer healthcare system? Well, the short answer is that in 2019 it would've cost approximately $240 billion, or about 7.5% of gross state product. But Please don't close out just yet! You should … Continue reading How Much Would It Cost For California To Adopt A Single-Payer Health Care System?