|
This resignation letter by one Greg Smith, formerly of Goldman Sachs, has created a bigger splash than most. Maybe because he published it in the New York Times. From the letter: I have always taken a lot of pride in advising my clients to do what I believe is right for them, even if it […] Hot on the heels of yesterday’s post, here’s Ann Romney, saying “I don’t even consider myself wealthy.” Right, her money doesn’t matter. It’s not important to her. It’s not a part of who she is. Will she say the same when the taxman comes around? Yep, I’m linking to Cracked again. Here David Wong skewers the clueless excuses rich people make when people say, hey, maybe you have too much money. My favorite quote, regarding the very common “I got rich, you could too” excuse: So “anyone can get rich” isn’t just untrue, it’s insultingly untrue. You can’t have a […] Secretary of the Treasury Tim Geithner has an opinion piece called Financial Crisis Amnesia in Thursday’s Wall Street Journal (I was pointed there by DrRichardCranium on Reddit; excuse his name). Geithner rightly reminds Wall Streeters that it’s a bit disingenuous to complain about reform when not too long ago they were on their knees for […] This piece by Ezra Klein shows some of the ways people who don’t think of themselves as being on government assistance are assisted by the government. I don’t really have anything to add to it. You should read it. The Planet Money blog linked to this from an outfit called Third Way, which came up with a “taxpayer receipt” showing where your federal tax money goes. I agree with the Third Way people that this is a very good idea, and would be very easy for government to implement. Fact is, anything that dispels […] Tom the Dancing Bug is one of the best comics out there; I was going through the archives and came across this one that I’d somehow missed. It’s actually an excellent explanation of how bond traders (who never seem to object to tax cuts for the rich) pretend to freak out when the government thinks […] Michael Moore’s doc Capitalism: A Love Story spends some time at a company called Republic Windows and Doors, where laid-off workers were holding what I think was the first big sit-in strike since the 1930s. The strike garnered widespread support, and it succeeded—the workers got money they were owed. Which was a limited goal, but […] Our quote of the day comes from John Stuart Mill: “I know not why it should be a matter of congratulation that persons who are already richer than any one needs to be, should have doubled their means of consuming things which give little or no pleasure except as a representative of wealth; or that […] So someone on Reddit linked to this, a survey of college professors on who the best and worst presidents were. Okay, it’s just college professors in central Pennsylvania. But still: Ronald Reagan, the best president on the economy? Jimmy Carter, the worst? These are the opinions of one Sanjay Paul, professor of economics at Elizabethtown […] |
|
Powered by WordPress & Atahualpa |