Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

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Everything that appears on this blog is the copyrighted property of somebody. Often, but not always, that somebody is me. For things that are not mine, I either have obtained permission, or claim fair use. Feel free to quote me, but attribute, please. My photos and poetry are dear to my heart, and may not be used without permission. Ditto, my other intellectual property, such as charts and graphs. I'm probably willing to share. Let's talk. Violators will be damned for all eternity to the circle of hell populated by Rosanne Barr, Mrs Miller [look her up], and trombonists who are unable play in tune. You cannot possibly imagine the agony. If you have a question, email me: jazzbumpa@gmail.com. I'll answer when I feel like it. Cheers!

Tuesday, April 28, 2009

"There's nothin' surer . . ." *

As a not-quite-identical follow up to this, we have updated information on income inequality.  (Follow through the imbedded links to this.)

The top 1% have been the only big gainers since about 1980, and are now, having really raked it in since 2002, once again at 1928-29 levels.  Let's see -- what happened in 1980 . . . (?)

And what happened in 1929?

You don't have to be a pinko commie, or even much of a socialist to realize that this kind of unbalance is bad for society.  It leads to disruption, possibly to depressions, and, as a worst case, armed revolution.   Not much likelihood of that, though, since all the rabid talk is coming from the right, where all they want is another freaquin' tax cut.

AIN'T WE GOT FUN from 1920 (Richard Whiting / Gus Kahn / Raymond S. Egan)

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