The Secrets of the Wealthy
Deist: So Joe, I notice that recently this topic of income inequality seems to be all over the news. President’s been talking about it as a sort of a touchstone in his second term. The new, very left-wing mayor of New York City has called it a priority. Even the pope has been out there …
Today’s EU for our Patreon community: In recent days and weeks, a number of billionaires have taken to very public whining. Here’s what they’re whining about, and I’m particularly focused on Leon Cooperman, a hedge-fund billionaire, and Jamie Dimon, the head of the largest bank in the United States — names that I assume many …
Rich people have a lot of power One of the key questions of modern economics and politics is therefore What do the rich really want? The standard of assumption is tended to be more money, but the reality is stranger and more hopeful. Ironically, the one thing that the rich general aren’t much more motivated …
We often hear in the mainstream media that inflation is desirable, that it’s positive for the economy. Central banks are not happy when inflation doesn’t reach the desired level. But is it true that constantly rising prices as a result of monetary inflation is good for us? First let’s explain the phenomenon itself. To put …
Welcome to the land of saints and hoarders. The richest 300 people in Ireland have doubled their wealth from €50Bn to €100Bn in the last 7 years. That means the number of people who’d fit in a large pub have enough money to have paid the original bank bailout of €64Bn outright (and still be …
If you ask me what I think about capitalism, I would say maybe it’s something we should try. Because free market capitalism, what we’re talking about tonight, is not what we actually have in its supposed epicenter: America, where I live, and about which I write in “Winners Take All.” A model America is exporting …
Imagine the following situations: 1) A young man enrolls in a tuition-free public university. From his point of view he gets the education for free. He will study in a field of his choice for five years, and after that he will be granted master’s degree. 2) A freelancing website developer decides to renovate his …
Tonight we’re talking about death. Americans hate the topic. It makes them super-uncomfortable. Even just asking the question, “How do you think you’ll die?” immediately puts an end to a blowjob. It — It upsets me, and I just stop sucking. [ Laughter ] But in the end, death comes for us all. And it’s …