income

Income Inequality

Income Inequality Misconceptions in the U.S.

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Income inequality is frequently portrayed as a fundamental problem in the United States that erodes social cohesion and economic mobility. Media outlets and advocacy groups regularly highlight narratives of stagnant incomes and an ever-widening gap between rich and poor. However, closer examination of income data reveals that these depictions are hyperbolic, if not outright misleading. When we delve into the research, a more nuanced picture emerges—one that refutes many of the popular misconceptions about inequality and its implications for American society.

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California Utilities

California’s Latest Hustle: Utility Bills Based on Ratepayers’ Income

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Utility bills—for electricity, natural gas, water, and garbage—have by long-standing tradition been based on customer usage, measured in kilowatt-hours of electricity, therms or Btu of natural gas, hundred cubic feet of water, or number of garbage cans. Every residence and business has electric, gas, and water meters that measure utility usage… But what if utilities based their fixed fee on customers’ income levels rather than a flat uniform fee for every customer?

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Cyprus Banks and the Rise of Neo-Feudalism

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Even though the Central Bank of Cyprus is showing the world – in stark naked detail – how governments will deal with their debt problems, there is no general panic. Panicos Demetriades the governor of Cyprus’ central bank goes about his business… like Ben [Bernanke] and Mario [Blejer head of the Argentine Central Bank]… ripping

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