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 | Leave a comment

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 | Leave a comment