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Showing posts from May, 2017
That's How the Light Gets In On Economic Perspective $Million per day My argument in today's blog is that the rich, especially the ultra-rich do not need protection from people advocating redistribution of wealth downward.   I'm recalling "Joe, the Plumber", (who was not named Joe and was not a plumber) who was used by a conservative Presidential candidate to exemplify that liberals would try to tax away the opportunity to start a business and become wealthy.  Also, I've been accused of being a conspiracy theorist when I've complained that the ultra-wealthy collude to protect and increase their massive wealth.    So, I'll address three issues at once: 1.  Are we trying to deprive the wealthy of their lifestyle? 2.  Do ultra-wealthy have the time, resources, and inclination to conspire to strongly influence politics and economics? 3.  To get an idea of economics in general, it helps to have an understanding of wealth. My ans