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How 401(k) Drives Inequality - The New York Times
Michael Steinberger, Malcolm Hillgartner, Tanya Pérez, Steven Szczesniaknytimes.comThese people’s wealth is determined almost exclusively by how high they can push flows — stocks and rates of return be damned. Everybody else is left with low or negative real returns and depleted stocks of capital and wealth. This is why GDP growth can be positive, while almost everybody feels poorer. Almost everybody is poorer. Objectively so. Th
... See moreSacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
The Price of Inequality: How Today's Divided Society Endangers Our Future
amazon.com
By allowing gig companies to classify their workers as independent contractors who earn less than the minimum wage, there are negative externalities to all taxpayers—who foot the bill for government assistance programs like Medicaid. As taxpayers, we are in effect subsidizing the profitability of gig companies that have large independent contractor... See more
Li Jin • Uber and Instacart don’t represent Silicon Valley. Why we’re voting “No” on Prop 22
Rich kids should go to public schools. The mayor should ride the subway to work. When wealthy people get sick, they should be sent to public hospitals. Business executives should have to stand in the same airport security lines as everyone else. The very fact that people want to buy their way out of all of these experiences points to the reason why... See more
Jason Kottke • Our Unpleasant Privatized Reality
Americans feel poor despite being orders of magnitude richer than most others because our gov. cannot provide cheaper public options to costly private goods.
Stan Oklobdzija • Tweet
Seeking wealth is not always in fashion. In a society correctly concerned about the acceleration of income inequality, wealth looks like the unfair allocation of a rigged system.