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tax policy

Salvation of the Nation, and its Obstacles

I learned a few things from reading Niall Ferguson’s column in Newsweek (31 Oct 2011): The well-being of the nation depends on the generosity of the wealthy. Social mobility is lower in the US than in Canada and Europe. Teacher’s unions are the reason why students in poor neighborhoods can’t …

The 39%

Thomas DiPrete takes a slightly different view of the poll I quoted the other day from David Gergen and Michael Zuckermann in a CNN article. In Is This a Great Country? Upward Mobility and the Chance for Riches in Comtemporary America, Nov 28, 2005, he thinks this an extreme interpretation …

“We are all millionaires”, or most of us anyway

I read an interesting statistic in a column by David Gergen and Michael Zuckermann at cnn.com. Regarding income brackets, it references a 2000 survey where “no less than 19% considered themselves in the top 1% — and another 20% on top of that expected they would be soon.” It’s hard …