The One Percenters | The Daily Capitalist

Obama, The Buffett Tax, And Economics

The controversy over the “Buffett tax” on “millionaires” and “billionaires” continues since my post, “The Obama Plan To Increase Poverty”. The media have been full of interviews and commentary about this. The President continues to hammer away at his claim that the lack of wealth redistribution is a “drag on the economy.”

The issue is [...]

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 [...]

A Politically Incorrect Look At Marginal Tax Rates

In my last piece, The Laffer Curve and Austrian Economics, I argued that the “Laffer Maxima” moves depending on where the economy is in the boom-bust credit cycle. I used an example of a marginal restaurant business in the bust phase, which fails when the income tax rate on the people who live nearby rises [...]

Winners And Losers: The New Economy

There was a wonderful article in the Wall Street Journal this weekend on the ultra (über, hyper, 1%) rich. The article (“The Wild Ride of the 1%“) discusses the volatility of wealth of the top 1% income earners in America. The author, Robert Frank, reveals that these people’s income and wealth have become much more unstable [...]