Automobiles Are Superior To Public Transit and It’s Not Even Close

Introduction Among the things that irk me these days are these yuppie urban planning folk. It's not to say they don't have fair and reasoned points at times, but the more radical of them espouse the economic and environmental benefits of 'abolishing' the suburb and the automobile. I find such a position incorrect and worth … Continue reading Automobiles Are Superior To Public Transit and It’s Not Even Close

Why ‘Medicare For All’ is the Right 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 Right Approach

Retrospectively Calculated Capital Gains Tax

There's a minor debate always ongoing about how we ought to tax income from capital gains, which is at present taxed separately from ordinary income, at preferential rates. There have been many proposals, such as eliminating the preferential rates or taxing gains on a mark-to-market basis, which is tricky since share prices tend to fluctuate … Continue reading Retrospectively Calculated Capital Gains Tax

The Minskyite Employer of Last Resort

In the 1960's, a period of rapid economic growth, falling unemployment, and accelerating inflation, liberals and progressive set out to make improvements in the social safety net, installing some lasting and well known programs such as Medicare and Medicaid. Various other things were achieved in that period, including acts which advanced the causes of environmental … Continue reading The Minskyite Employer of Last Resort

It’s Time To Turn the Tide in 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 It’s Time To Turn the Tide in Inequality

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