The widening of the racial wealth divide has coincided with the extreme concentration of U.S. wealth. The wealthiest 0.1 percent of households have grown richer while millions of families face poverty and deep-seated economic insecurity. The median American family saw their wealth drop 3 percent between 1983 and 2016, while the richest 0.1 percent have …
Continue reading ‘American inequality – this house may not stand for long’ »
You can tax the wealthiest more without ruining the economy. This assessment comes from the International Monetary Fund and shatters the neoliberal shibboleth that increasing taxes on the top 1% would hurt growth. The IMF’s experts found that between 1985 and 1995, redistribution through the tax system offset 60% of the increase in inequality caused …
The following is excerpted from the December 8-14, 2018 edition of the New Scientist, written by Graham Lawton, staff feature writer: Keeping global warming below 1.5°C will require behavioural changes – but that doesn’t mean you have to don a hair shirt. The cumulative effect of small, low-effort actions can be great, and the more …
Continue reading ‘Practical Epicureanism: What you can do to combat global warming’ »
Britain on Tuesday: May lost by over 400 votes! The rolling, roiling disaster gets worse by the day. Lack of forethought, bullying, and downright ignorance rule the day! Epicurus would advise me to calm down, to be philosophical, to assume all will eventually settle down and rationality will be restored. It is possible that he …
Continue reading ‘Brexit: my most instant, heartfelt posting ever’ »
The average Briton checks a mobile phone every 12 minutes and is online for 24 hours a week, according to Ofcom. A fifth of British adults feels stressed if they cannot access the internet, while only 12% of adults never use it. A quarter of adults spend more than 40 hours a week on the …
