Archive for the ‘Inequality’ Category

Minimum Wage Caveats and Local Update

Minimum Wage Caveats and Local Update

By The Banker | Blog Posts, Inequality, Texas

I recently wrote about how I worried minimum wage hikes in the city of Los Angeles could hurt the same people the law is supposed to help. Two caveats go with that thought. First, I might be wrong. Second, San Antonio is already in the midst of a distinct minimum wage hike that deserves some [&hellip

Follow-up on Universal Inheritance Idea

Follow-up on Universal Inheritance Idea

By The Banker | Blog Posts, Inequality

Note: This is a follow up to my previous post on “universal inheritance.” I’m not a complete idiot, so I know that politics in the United States would not favor a universal inheritance at this time, for a variety of practical and ideological reasons. Yet pursuing the thought experiment to the point of figuring out [&hellip

Kooky and Good Idea To Address Inequality

Kooky and Good Idea To Address Inequality

By The Banker | Blog Posts, Inequality

UK economist Anthony Atkinson published a book “Inequality: What Can Be Done?” in May of this year in which he proposes radical solutions to the most pressing financial problem of our time. I thought I’d heard all the important arguments on the topic, and then this economist comes along with a totally bonkers idea that [&hellip

Video: WSJ on Wealth Inequality - Causes and Solutions

Video: WSJ on Wealth Inequality – Causes and Solutions

By The Banker | Inequality

I happened upon this excellent little video put out by the Red Communists who run the Wall Street Journal today. Since I think: 1. Wealth Inequality is a Top 3 issue facing the US and the World; 2. I’m in favor of everything that adds helpfully to the discussion; 3. We all have a hard [&hellip

Death and Taxes and Fairness

Death and Taxes and Fairness

By The Banker | Blog Posts, Inequality, Personal Finance, Taxes, Texas

A version of this post appeared in the San Antonio Express News. I recently wrote about the unfairness of ‘carried interest’ tax breaks targeted to hedge fund and private equity owners. In fact, I’ve covered the topic before as well. Some readers became angry about my view of this tax break and took umbrage at [&hellip