Monthly Archives: May 2014

Income Inequality and Wealth


Much ado has been made of the rising income gap and the perceived shift in power.

A note:

Eighty-six percent of today’s millionaires did not consider themselves wealthy growing up (“self-made”), while only 14 percent said they grew up wealthy (“born-wealthy”). Key findings include:

Of those who are self-made, their top sources of assets included investments/capital appreciation, compensation and employee stock options/profit sharing. Those who were born wealthy were more likely than the self-made group to cite inheritance, entrepreneurship and real estate investment appreciation as an asset source.

Better than 5 in 6 of America’s wealthy created their own wealth.  And the method they used was work.

Thoughts On Free Speech

Free Speech

Cleaning out the stack.  This thought courtesy of The Coyote:

So now that the Turkish incumbents have been re-elected, the government will allow Twitter to be turned back on in the country.

I think that the vast, vast majority of Americans would agree that this turning off of a communications vehicle several weeks before an election was a pretty transparent dodge to protect incumbent politicians, and that most of us would oppose such steps — even be outraged by them.

So why the hell was McCain-Feingold‘s ban on 3rd party ad-based communications 60 days prior to an election any different?

I think that a fundamental concept often times forgotten in American politics is that we are free.  We are free.