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thinkahol *

The Blog : How Rich is Too Rich? : Sam Harris - 0 views

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    I've written before about the crisis of inequality in the United States and about the quasi-religious abhorrence of "wealth redistribution" that causes many Americans to oppose tax increases, even on the ultra rich. The conviction that taxation is intrinsically evil has achieved a sadomasochistic fervor in conservative circles-producing the Tea Party, their Republican zombies, and increasingly terrifying failures of governance. Happily, not all billionaires are content to hoard their money in silence. Earlier this week, Warren Buffett published an op-ed in the New York Times in which he criticized our current approach to raising revenue. As he has lamented many times before, he is taxed at a lower rate than his secretary is. Many conservatives pretend not to find this embarrassing. Conservatives view taxation as a species of theft-and to raise taxes, on anyone for any reason, is simply to steal more. Conservatives also believe that people become rich by creating value for others. Once rich, they cannot help but create more value by investing their wealth and spawning new jobs in the process. We should not punish our best and brightest for their success, and stealing their money is a form of punishment. Of course, this is just an economic cartoon. We don't have perfectly efficient markets, and many wealthy people don't create much in the way of value for others. In fact, as our recent financial crisis has shown, it is possible for a few people to become extraordinarily rich by wrecking the global economy. Nevertheless, the basic argument often holds: Many people have amassed fortunes because they (or their parent's, parent's, parents) created value. Steve Jobs resurrected Apple Computer and has since produced one gorgeous product after another. It isn't an accident that millions of us are happy to give him our money. But even in the ideal case, where obvious value has been created, how much wealth can one person be allowed to keep? A trillion doll
thinkahol *

Actually, "the Rich" Don't "Create Jobs," We Do | Truthout - 0 views

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    You hear it again and again, varia­tion after varia­tion on a core mes­sage: if you tax rich peo­ple it kills jobs. You hear about "job-killing tax hikes," or that "tax­ing the rich hurts jobs," "taxes kill jobs," "taxes take money out of the economy, "if you tax the rich they won't be able to pro­vide jobs." ... on and on it goes. So do we rea­l­ly de­pend on "the rich" to "create" jobs? Or do jobs get created when they fill a need?
thinkahol *

Why More Equality? | The Equality Trust - 0 views

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    Why More Equality? Our thirty years research shows that: 1) In rich countries, a smaller gap between rich and poor means a happier, healthier, and more successful population. Just look at the US, the UK, Portugal, and New Zealand in the top right of this graph, doing much worse than Japan, Sweden or Norway in the bottom left.
thinkahol *

The Uses of Philosophy in Today's World - 0 views

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     the tools of philosophy can be important to everyone because it potentially helps one think better, more clearly, and with greater perspective about almost everything.  There are numerous specific topic areas in academic philosophy, many of interest only to a few, even among philosophers, but there are features and techniques common to all of them, and it is those features and techniques which also can apply to almost anything in life.  These features have to do with reasoning and with understanding concepts, and, to some small extent, with creativity.  Normally, all other things being equal, the better one understands anything and can think clearly and logically about it, the better off one will be, and the better one will be able to act on that understanding and reasoning. (It is my view, for example, that better conceptual understanding by NCAA and NFL administrators would lead to a far more workable and acceptable "instant replay review" policy.) Furthermore, philosophy in many cases is about deciding which goals and values are worthy to pursue -- what ends are important.  One can be scientific or pragmatic about pursuing one's goals in the most efficient manner, but it is important to have the right or most reasonable goals in the first place.  Philosophy is a way of scrutinizing ideas about which goals are the most worthy one.  A healthy philosophical debate about what is ideal or which ideals ought to be sought and pursued, is important.  Efficiency in the pursuit of the wrong values or ends is not a virtue. President John F. Kennedy, in speaking at Amherst College on a day honoring poet Robert Frost, said: "The men who create power make an indispensable contribution to the nation's greatness, but the men who question power make a contribution just as indispensable, especially when that questioning is disinterested, for they determine whether we use power or power uses us."  And "When power leads man towards arrogance, poetry reminds him of his limi
thinkahol *

The Plutocrat's Coup d'Etat, Their Republican Allies and Their Democratic Enablers | Co... - 0 views

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    For thirty years, now, Republicans have been yammering about small government, deficits, the glories of the free market, and the incompetence and wastefulness of government. It's all been a big lie, part of a well funded and cleverly executed coup d'etat, designed to enable the ultra rich and corporations to literally take power out of the hands of government and money out of the pockets of individual citizens.
thinkahol *

Libertarian Movement is Collapsing - Associated Content from Yahoo! - associatedcontent... - 0 views

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    Much like a very virulent flesh eating bacteria, this rich man's propaganda wont infect the majority of American intelligentsia. That is due to original adherents rapidly overcoming the severe cognitive infection via additional education.
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