Search Results for: redistribution

What a “Jobless Recovery” Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys

Everyone from the Fed bank of San Francisco to Kiplinger’s is saying that we may have a “jobless recovery”. The meaning of the phrase jobless recovery itself is simple: A jobless recovery or jobless growth is a phrase used by … Continue reading

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Leading Economist Says True Purpose of Bank Rescue Plans is “A Massive Redistribution of Wealth to the Bank Shareholders and Their Top Executives”

Leading PhD economist Dean Baker minces no words in slamming the bailouts, the “bad bank” proposal, and the mainstream media’s dishonest reporting on the financial crisis. As Baker says in a new article: Mr. Geithner wants to use taxpayer dollars … Continue reading

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Is the World Becoming Wealthier or Poorer?

The core assumption of Universal Basic Income (UBI) and other plans to redistribute wealth and income more broadly is that the world is becoming wealthier, and so the pool of income and wealth that can be taxed is always expanding. … Continue reading

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International Workers’ Day: Profitable Work Will Be Automated, The Rest Will Be Left to Us

What’s abundant and what’s scarce? The question matters because as economist Michael Spence (among others) has noted, value and profits flow to what’s scarce.What’s in over-supply has little to no scarcity value and hence little to no profitability. What’s abundant … Continue reading


Happy Bill of Rights Day … Are There Any Left?

Today is Bill of Rights Day in America. Happy Bill of Rights Day! This post explains the liberties guaranteed in the Bill of Rights – the first 10 amendments to the United States Constitution – and provides a scorecard on … Continue reading

Posted in Media, Politics / World News, propaganda | 15 Comments