Game is Rigged

The Rich Get Richer … Connecting the Economic, Political & Social Dots

September 29, 2015 Economics

Just a reminder. I first published this in 2006 under a my old SignalHealth label and again here in 2011. It seems to get more current every day. Certainly, there are a lot of tax “plans” being floated that confirm one of the self-reinforcing loops depicted (influencing changes in public policy to the advantage of […]

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Corporations and Government are Almost the Same, Except Corporations are Voluntary?

September 6, 2012 Corporations

In the midst of the political season and the political conventions, in which the role of corporations is an increasingly significant issue (no corporations are not people), David Burge, who blogs here as Iowahawkblog, tweets this: “Government” is just a word for things we do together. “Corporation” is just a word for things we do […]

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Outdated Legal Doctrines

May 22, 2012 Law

Read Stephen J. Gottlieb’s, Outdated Legal Doctrines. This is how it starts: The law of contract, based on the consent of the parties, and the law of torts, based on our obligations when no agreement covers what happened, are fundamental to American law. There is only one problem. Both fields are hopelessly out of date. […]

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We Don’t Hate the Rich

December 20, 2011 Economics

Joshua M. Brown, a financial advisor, responding to JPMorgan Chase & Co. chief executive officer, Jaime Dimon’s lament that Americans hate the rich: I am writing to profess my utter disbelief at how little you seem to understand the current mood of the nation. In a story at Bloomberg today, you and a handful of […]

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Private Equity Gets a Lower Tax Rate. Why?

December 19, 2011 Business

Reading a New York Times Story on Mitt Romney’s continued receipt of income from Bain Capital, a company he left in early 1999, I was reminded of the special tax deal that hedge fund and private equity operators get. Tax treatment of hedge fund and private equity compensation has been another point of political contention. […]

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The Rich Get Richer … Connecting the Economic, Political & Social Dots

November 8, 2011 Economics

Inequality is both effect and cause. Inequality of income and resources is indeed a significant, even profound social, political and economic problem. But this did not just happen suddenly and, by itself, it’s not enough to explain the current unrest. That’s more because a large proportion of the public has come to the conclusion (rightly, […]

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