A reader named Medusa wrote me and, to keep it short, explained that I shouldn't believe people should be rich because the Bible is against rich people, that I was going to die a miserable, lonely old man with no one who loved me because I saved my money instead of spending it, and that after reading a profile I wrote based on Federal Reserve data of the Capitalist Class in the United States, she was starting to consider the possibility that the rich were nothing but oppressors who steal from … [Read more...]
Response to What Is Probably the Most Ignorant Message I’ve Received In 10 Years of Writing Finance Articles
Why Income Inequality Will Always Exist as Part of the Post-Industrial Revolution Global Economy
First: Before we begin, the education system in the United States over the past few decades has done such a poor job teaching basic logic that by virtue of the headline alone, it is statistically likely that you have already made a decision about whether or not this short essay on pay inequality is "good" or "bad". You've done this without considering any of the factual data or evidence I'm going to offer by virtue of my own experiences in finance, based nothing more on your own political … [Read more...]




