Saving Social Security and Medicare From Their Saviors

Lacking action by the U.S. Congress, Social Security and Medicare will face funding shortfalls within the next ten years. Both parties claim they won’t cut the programs, but their past “reforms” to strengthen them have been cuts under different names: raising the eligibility age, taxing benefits, limiting COLAs, etc. Social Security’s OASI (old age and […]

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Why the Past 10 Years of American Life Have Been Uniquely Stupid

Social media was supposed to bring everyone closer together. Over the past decade or so, it’s done exactly the opposite. Combined with other forces, it has brought us to the brink of social and democratic collapse. In this incisive article, Jonathan Haidt explains how it happened. More importantly, he presents some specific steps that might

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On Socialism

  There are myriad definitions and variations of socialism. If you don’t believe me, check out the term’s Wikipedia page. Things that have been called socialist: publicly owned lands, such as state and national parks [1] eminent domain [1][2] Social Security [1][3] the New Deal [1][5] public housing [1] the civil rights movement [1] bank

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Piketty on Sanders

Thomas Piketty thinks a Bernie Sanders’ Presidency would be good for the U.S. economy. That shouldn’t be surprising to anyone who spends any time actually thinking about it. Because of inequality in this country, a lot of wealth is tied up in stocks and bonds, where it does nothing to stimulate the economy. Now consider if some of

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Motley Fools

One would think that anyone who makes their living writing about money and finances would know all about those subjects. And one would be wrong. Today’s exhibit: The Motley Fool I admit that the Fool has lots of good advice about money and finances, but they appear to be quite ignorant when it comes to

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