Wealth Economics
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steveroth.bsky.social
Wealth Economics
@steveroth.bsky.social
Entrepreneur, progressive sometime 1%er. (Tax me more.) Addictive reader: trash to tomes. National-accounting & econ geek. Evolution and Shakespeare dweeb. Besotted father. From MO; show me the #s. https://wealtheconomics.substack.com/about
Make it illegal. And state lotteries while we’re about it.
December 11, 2025 at 11:04 PM
Redundant? Isn't a subset always < the set its subsidiary to?
December 10, 2025 at 9:11 PM
And it grows with your assets and work-free property income, and your retirement benefits.
December 10, 2025 at 4:21 AM
Why do the rich have so much political power?

Because they’re rich.

How could we possibly address that problem?
December 9, 2025 at 11:59 PM
Ah. Cuz I just used .8 I didn’t catch that. Obvious.
December 9, 2025 at 12:50 AM
So AIDS program ($6B) was 6% of SNAP ($100B).

6% of SNAP's 1.3% of budget = .08% of budget for the AIDS program, not .9% ???
December 9, 2025 at 12:02 AM
About $6,000 per farm.
December 8, 2025 at 8:07 PM
The very existence of that whole controversy demonstrates why we need a straightforward universal income (or my preferred term: Common Wealth Dividend). With highly progressive tax clawback from well-off people.

Means-test the rich, not the poor. (We already do, every year on tax returns.)
December 8, 2025 at 6:19 PM
And we are here as on a darkling plain
Swept with confused alarms of struggle and flight,
Where ignorant armies clash by night.
December 6, 2025 at 9:47 PM
Nondenominational defender of powerful scammers and crooks.
December 3, 2025 at 3:54 PM
K. Didn't think ppl would be so put off by a bout of laziness. I have followed up the summarized refs and also researched elsewhere (as I have in the past). But wasn't inclined to assemble my current and past reading into a lengthy history here. Any thoughts on the meat of the matter?
December 2, 2025 at 8:54 PM
Well, okay, but his famous three-word dictum is…useless. It's like saying "payments are poverty" or similar such nonsense.
December 2, 2025 at 7:49 PM
All property income, received for simply owning stuff, is unearned. So, undeserved? Recipients generally don't lie to get it, but still: Macro-level fraud?

Certainly at least a good argument for taxing property income at a much higher rate than earned labor compensation. Goddamit all to hell.
December 2, 2025 at 7:35 PM
Talk to you later. Cheers.
December 2, 2025 at 7:21 PM
Already answered that Q: lazy.
December 2, 2025 at 7:21 PM
I'll just say that W unequivocally shattered the central tenet of 20th C international order/rule of law, w Iraq II. Just one (big) example of many. Even US economic/corporate imperialism has a very big army behind it, that its prepared to use.
December 2, 2025 at 7:21 PM
Not making any argument, just highlighting a long-term and surprising historical reality that many aren't aware of.
December 2, 2025 at 7:15 PM