Politics in the Zeros

Jesus said it would be hard for the rich to enter the kingdom of heaven. But that’s the billionaires, right, surely not us? DJ, ever the statistician and who has lived in third world countries for extended periods, crunches the income numbers worldwide and finds that, well, if you’re reading this blog, you’re unquestionably part [...]

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Is the US a hedge fund republic, asks Nicholas Kristok at the NY Times, given our huge and growing disparities of wealth. I see members of Congress in my own country who argue that it would be financially reckless to extend unemployment benefits during a terrible recession, yet they insist on granting $370,000 tax breaks [...]

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