Both Parties Support Wealth Redistribution – They Just Disagree On Who Should Get It

Conventional opinion says that there are 2 main camps in American politics, when it comes to wealth redistribution. You have one camp that is opposed to wealth redistribution as a principle. They believe that economic policy should be designed to generate as much aggregate wealth as possible. And when it comes to distribution, let the … Continue reading Both Parties Support Wealth Redistribution – They Just Disagree On Who Should Get It

A Radical Proposal for Legal Reform – Equal Representation

If you're a single-digit millionaire like Hulk Hogan, you have no effective access to our legal system.Peter Thiel If I didn't have some money, I would have no chance at all.OJ Simpson A patent troll is a company formed for only one purpose—to purchase patents and assert them broadly against real, productive companies. The point … Continue reading A Radical Proposal for Legal Reform – Equal Representation

Quantifying Racial Segregation by State and City

I look to a day when people will not be judged by the color of their skin, but by the content of their character.Martin Luther King Jr. One of the disappointing aspects of race discussions in the media today, is that they predominantly focus on anecdotes and sensational examples. Stories are wonderful at illustrating truths, … Continue reading Quantifying Racial Segregation by State and City

We Don’t Need Elections to Figure Out What People Want

Source I read today a very thought-provoking piece by Yuval Harari, a historian and philosopher. “You can vote but you can’t choose what is true.” A paraphrased summary of his thesis: Elections are awful ways of determining what is true. For that, we need to turn to experts and institutions, not popularity contests. However, elections … Continue reading We Don’t Need Elections to Figure Out What People Want

The New Rules for Retirement Financial Planning

Disclaimer: The intended audience for this article is someone who is reasonably savvy on financial planning. If you’re a novice, stop reading now and just do whatever your financial planner tells you to do. The conventional advice for financial planning in retirement has generally been the 4% rule. Ie, on the day of your retirement, … Continue reading The New Rules for Retirement Financial Planning