Tag: Economic Inequality

Tragedy Kept Alan Krueger From Claiming a Nobel Prize, but He’s Not Forgotten

But Clinton was persuaded finally in 1996 to raise it in stages to $5.15, in part by Card and Krueger’s paper. Krueger himself was by then working in Clinton’s administration as chief economist at the Labor Department. (Krueger would later be assistant treasury secretary for economic policy and chairman of the Council of Economic Advisers […]

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South Dakota Is a Moral Sewer and Should Be Abolished

If Janklow would abolish South Dakota’s interest-rate ceiling, Citibank promised, Citibank would create 400 jobs in his state. In 1981, Janklow delivered. “Thanks to Janklow,” Oliver Bullough wrote in The Guardian in 2019, “South Dakota has a financial services industry, and the US has a trillion-dollar credit card debt.” Delaware and Nevada followed South Dakota’s lead, creating a financial-services boom in […]

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Biden’s Plan to Tax Rich People Like Me is the Best Way to Grow the Economy

As one of those rich guys who will pay boatloads of higher taxes under President Biden’s plan I have one thing to say to Congress: Do it! Passing this legislation is the most significant step you can take toward economic prosperity. It drives me crazy when I hear Democrats say that “for the sake of […]

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Manchin’s Plan to Shrink Biden’s $3.5 Trillion Bill May Hurt Families in Need

“I would probably favor having the college benefit and the community college piece means-tested. But some point out that, overwhelmingly, people going to community college are going to meet the means test, so there is some degree to which if you put up a paperwork, means-testing requirement on something that is already largely for low- […]

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The Domestic Workers Left Out of the Pandemic Recovery

Roxana, who is undocumented, was desperate for news about Covid-19 and immigration issues. NDWA’s page and the chatbot, she told me, made her feel important. “They gave us life, you know?” Roxana said. “I felt that we do have a say in this place, that we were not as invisible.” Despite being run by bots, […]

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Banning the Homeless Won’t Keep California From Burning

The day before the county’s encampment ban, a group of Topanga residents submitted a letter urging the board to “take action … to prevent camping fires and similar high-risk human behaviors, in order to protect our lives, homes, and community, including the homeless themselves.” Public comment submitted by concerned citizens in favor of the ban […]

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The Right’s New Argument Against Redistribution Is Stuck in the 1970s

Harvard economist Greg Mankiw, who was chairman of the Council of Economic Advisers under President George W. Bush, says Joe Biden’s $3.5 trillion reconciliation bill threatens economic prosperity. Mankiw doesn’t doubt whether, “from a narrow budgetary standpoint,” the United States can afford to spend $3.5 trillion. Unlike the reconciliation bill’s Republican opponents in Congress, he […]

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