Income Redistribution | The Daily Capitalist

The Obama Plan To Increase Poverty

COMMENTARY

What drags our entire economy down is when…the gap between those at the very very top and everybody else keeps growing wider and wider and wider and wider. … So let me you ask you: what’s a better way to make our economy stronger? Do we give another $150,000 tax breaks to every millionaire [...]

Why Aren’t You A One Percenter?

This graphic (see below), “The 1% vs. The Average American” is a bid of a screed but it is interesting for two reasons. One is that its facts are interesting regardless of your take on the subject. The other is that its purpose is to demonstrate wealth inequality. There are a lot of ways to [...]

Wealth Disparity And Wall Street: The OWSers Are Wrong

One of the main complaints of Occupy Wall Street is of income disparity in the US and the world. This is an idea rooted in economic misconceptions about capitalism which is endemic in our society. That is, there is a finite amount of wealth and the one percenters have most of it and that’s unfair. [...]

To OWS: You Get Yours, Don’t Worry About Mine

This came yesterday through Cafe Hayek and I think it fits perfectly the graphic I got today from that master of conventional wisdom, Barry Ritholz, below.

from page 4 of Alan Reynold’s 2006 book Income and Wealth (original emphasis):

The two young founders of Google, Larry Page and Sergey Brin, quickly made something like $12 billion each [...]