The War on Stupid People

As recently as the 1950s, possessing only middling intelligence was not likely to severely limit your life’s trajectory. IQ wasn’t a big factor in whom you married, where you lived, or what others thought of you. The qualifications for a good job, whether on an assembly line or behind a desk, mostly revolved around integrity, […]

Common Property: How Social Insurance Became Confused with Socialism

Uniquely among the world’s rich countries, the United States lacks a comprehensive, universal social insurance system. This is largely due to ideological opposition by Republican Party elites. It took nearly seventy years for Democrats to achieve the expanded, still-less-than-universal coverage provided by the Affordable Care Act—against unanimous Republican opposition. Republicans have continued to sabotage the […]

It’s Almost a New Year, but the Inequality Gap Keeps Widening

As 2017 approaches, a recent study indicates that the income gap in the US is growing. According to a December 22 CNNMoney article, The gap between the “haves” and “have nots” is widening, according to the latest data out this week. The rich are money-making machines. Today, the top mega wealthy — the top 1% […]

Distributional National Accounts: Methods and Estimates for the United States

We thank Tony Atkinson, Oded Galor, David Johnson, Arthur Kennickell, Jean-Laurent Rosenthal, John Sabelhaus, David Splinter, and numerous seminar and conference participants for helpful discussions and comments. Antoine Arnoud, Kaveh Danesh, Sam Karlin, Juliana Londono-Velez, Carl McPherson provided outstanding research assistance. We acknowledge financial support from the Center for Equitable Growth at UC Berkeley, the […]