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Monthly Archives: August 2014
Not in denial, in avoidance
Last week, I discussed what I think is clear about the increasing concentration of income in the hands of fewer people in the US. I used a graph of the income earned by the top 5% of US taxpayers as … Continue reading
Posted in Global analysis, Global politics, Investing, US economy, US politics
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Lost in the Forest
The excitement caused by Thomas Piketty’s “Capital in the Twenty-First Century” has died down. The futility of implementing his proposed global wealth tax is obvious to all but the most blindly ideological. The argument over how one determines “wealth” will … Continue reading
Posted in US economy, US politics
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