Wednesday, September 22, 2010

In the news

I was going to blog about this article from the NY Times about parents and how they assess risk, more specifically how we overreact to some risks and underreact to to others, but I found this Krugman piece to be far more entertaining.

4 comments:

Abcdpdx said...

thank you, thank you for posting this! (the Krugman piece, I mean). the first article was interesting, too!

penny said...

I loved the Krugman piece. I watch Sunday Morning with Charles Osgood--I think it is CBS--Ben Stein had an opinion piece last week where he was complaining about being punished for being in that top earning bracket-he did not think his taxes should be raised. This week Linda McGivney, a writer for a sci-fi channel, and who also is in that top bracket said that Stein was wrong and gave some very good reasons why. She pulled no punches and basically called him greedy. It was great.

Joseylane said...

I know the piece about Ben Stein not wanting to share his wealth for the good of others and the good of the economy was done a while back, but it is so fitting for understanding the hearts of some regarding the issues we are facing now. It was so typical of how some party members feel about contributing to our economic issues that we are facing. Yet, they claim to be Christians with Christian values, but sharing is a dirty word for them. I have admired Linda McGivney since seeing that Sunday Morning Show. Greed and coveting wealth should take a back seat to caring for others if one is truly a Christian.

Christie said...

Joseylane - There's this disconnect with folks I do not understand. The equation isn't

hard work = wealth

It is more

hard work + luck + opportunity = potential for wealth

Those that strike it rich shouldn't leave with the impression that everyone else just isn't working hard enough. There are plenty of people working minimum wage jobs (sometimes more than one) in order to make ends meet. If we're going to look at who best to shoulder the extra tax burden and the two folks we've got are the middle income guy and the rich one, well, my thoughts are that the rich guy should. No one is suggesting we take away all of the wealth, but folks above a certain income level should be paying a higher percentage of their money (income, capital gains, etc.) in taxes than the secretaries that work for them.