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December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Jan. 3, 2011 / 27 Teves, 5771

Personal well-being overshadows income inequality

By Michael Barone




http://www.JewishWorldReview.com | Consider one conundrum in American politics. Income inequality has been increasing, according to standard statistics. Yet most Americans do not seem very perturbed by it.

Barack Obama may have been elected president after telling Joe the Plumber that he wanted to spread the wealth around. But large majorities in polls approved when Obama and congressional Democrats abandoned oft-repeated campaign promises to raise taxes on high earners in the lame duck session.

Why don't voters care more?

One reason is that economic statistics can miss important things that affect people's lives. Wages may not have risen much since 1973, but that's partly because the tax code encourages increased compensation in the form of benefits, including health insurance. And it's partly because the Consumer Price Index overstated the effect of inflation in the 1970s, making 1973 wages look higher in "real dollars."

Another is that inflation indexes can't fully account for product improvement and technological progress. I bought my first electronic calculator in 1970 for $110. Today you can buy the same gadget for $1.99 at your local drug store. The consumer electronics widely available today at declining prices simply didn't exist in the 1980s.

In addition, as George Mason University economist Tyler Cowen writes in the American Interest, "The inequality of personal well-being is sharply down over the past hundred years and perhaps over the past twenty years as well." Bill Gates may have a bigger house than you do. But you have about the same access to good food, medical care and even to the Internet as he does.

Or consider something as prosaic as food. The supermarkets of the 1960s and 1970s didn't come close to matching the amazing selection of produce, meats and exotic foods as you find in supermarkets today -- and not just in high-income neighborhoods but in modest-income places all over the country.

Or clothing. Stores like Walmart, Target and Kohl's sell good quality clothes at astonishingly low prices; you can outfit a kid in school clothes for $100 or so a year. Presidential candidate John Edwards claimed to have seen a little girl shivering in the winter because her parents could not buy a coat; you can get one for $5 at the Salvation Army.

It's a widespread assumption in some affluent circles that ordinary Americans are seething with envy because they can't afford to shop regularly at Neiman Marcus or Saks Fifth Avenue. My sense is that most Americans just don't care. They're reasonably happy with what they've got, and would like a little more.

So I am inclined to agree with Cowen when he writes, "The broader change in income distribution, the one occurring beneath the very top earners, can be deconstructed in a manner that makes nearly all of it look harmless."

Cowen is worried that high earners in financial industries benefit hugely when they bet correctly but are sheltered from losses by government bailouts when they bet wrong. It's a problem that the financial regulation bill passed by the outgoing Congress addressed but, in his opinion and those of many others I respect, did not solve.

But there's little evidence that most Americans begrudge the exceedingly high earnings of the likes of Steve Jobs, Steven Spielberg or J.K. Rowling. We believe they have earned their success and don't see how taking money away from them will make the rest of us better off.

We already take quite a bit. Current tax rates mean that the top 1 percent of earners account for 40 percent of federal income tax revenue -- a higher percentage than in many Western European countries. Higher tax rates would probably produce more tax avoidance -- rich people can adjust their affairs -- and lower revenues than forecast by static economic models.

Of course, not everyone is well off in a nation where unemployment has been 9.4 percent or higher for the past 19 months. And I suspect that most Americans would be thrilled to get a 13th month of pay. But they're not seething with envy at those who are better off.

So who does? One example is the cartoonist and author Garry Trudeau, a college classmate of George W. Bush, who has been spewing contempt for the Bushes for 40-some years. The strongest class envy in America, it turns out, may be the resentment of those who were one club above you at Yale.

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

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JWR contributor Michael Barone is senior political analyst for The Washington Examiner.




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