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Is David Brooks an idiot?

Is David Brooks an idiot? If you are a young professional in a major city, you experience inequality firsthand. But the inequality you experience most acutely is not inequality down, toward the poor; it’s inequality up, toward the rich. You go to fund-raisers or school functions and there are always hedge fund managers and private […]

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economics Uncategorized

Krugman: Envy Versus Anger

Krugman: Envy Versus Anger But the polling data don’t say anything about envy: when people say that they have lost their belief that hard work will be rewarded, they aren’t saying that they are envious of the rich; they’re saying that they have lost their belief that hard work will be rewarded. To the extent […]

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politics Uncategorized

Occupy Wall Street leader wants to crowdfund a private militia

Occupy Wall Street leader wants to crowdfund a private militia But actually Tunney’s claim that she founded Occupy is by far the least interesting part of the story. … Tunney — a Google employee — has been pushing a crazy crusade to fund a paid mercenary protester army… What could possibly go wrong.

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economics Uncategorized

The Undeserving Rich

The Undeserving Rich conservatives seem fixated on the notion that poverty is basically the result of character problems among the poor. This may once have had a grain of truth to it, but for the past three decades and more the main obstacle facing the poor has been the lack of jobs paying decent wages. […]

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owsposters: Jefferson and Inequality Read “Equality”: http://bit.ly/jefferson-on-equality

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New York Post Helps NYPD Slander Occupy Wall Street (Again)

New York Post Helps NYPD Slander Occupy Wall Street (Again) No political writings were discovered, and Kelly said the investigation was continuing into whether the couple had any larger plans or ties to any radical groups. It’s worth noting that this isn’t the first time that the Post – and more specifically, Schram, one of […]

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economics Uncategorized

Only 3% of the very rich are entrepreneurs

Only 3% of the very rich are entrepreneurs According to both Marketwatch and economist Edward Wolff, over 90 percent of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), personal business accounts, the stock market, and real estate. Only 3.6 percent of taxpayers in the top .1% were […]

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Anthony Bologna, NYPD Cop Who Pepper-Sprayed Occupy Protesters, Will Get No Help From City In Lawsuit

Anthony Bologna, NYPD Cop Who Pepper-Sprayed Occupy Protesters, Will Get No Help From City In Lawsuit Anthony Bologna– the NYPD Deputy Inspector caught on video pepper-spraying two women Occupy Wall Street protesters in Union Square last fall– could have to dig into his own pockets to pay for the damages in the women’s civil lawsuit […]

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