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Friday, February 28, 2014

Inequality in two charts

by John MacBeath Watlkins

Inequality went down at a time when taxes were more progressive, up when they became less progressive. Should we go back to that model?


(from Voteview: http://voteview.com/Top_Marginal_Income_Tax_Rate.htm )


(source: http://www.libertarianprepper.com/the-sinister-roots-of-socialism/gini-index-usa/ )

The troughs in one chart nearly match the peaks in the other.When taxes are high, perks matter more than income to those at the top, I suppose.

Sunday, February 9, 2014

Wodehouse on optimism

Cyril frowned. But a man who has spent most of his life trying out a series of patent medicines is always an optimist.

from Strychnine in the Soup, by P.G. Wodehouse

Wednesday, February 5, 2014

Apologies for the hiatus

by John MacBeath Watkins

Sorry we haven't been posting. I was sick all last week, finally went into the hospital, and had my appendix removed. I'd left the thing a little late, and the ghastly organ was deeper in my abdomen than is common, so when they rummaged around and found it, it was swollen up like an over-filled water balloon and it burst before they could get it out.

Many thanks to the good folks at Group Health Urgent Care, especially my surgeon, Gakyung Chung, and to my business partner, Jamie Lutton, and her boyfriend, Bernard Chester, for taking care of me.

And, of course, to my mother, my sisters, and all my friends for their support. And Thad Higa for stepping up and taking care of the store.

And since this is starting to sound like one of those interminable Oscar acceptance speeches, I suppose I should end this before they cut off the mike.