Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Get Rich Slowly

Long Ideas

Owning a Home Might Not Be a Good Investment

One has to wonder if home ownership has now become so expensive that it has become a drag on the economy. Unfortunately, Zillow’s number crunching indicates that could be the case.

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Politics

Payroll Taxes and the Minimum Wage

It is time we took a serious look at our entire tax system and started reforming it. We need to restore fiscal sanity in Washington and, more importantly, create a system that stimulates the economy and helps average Americans, not one that takes 12% of even the poorest citizens’ income for dubious purposes. We also need a tax system in which the rich pay their fair share.

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Politics

An Idea whose Time Has Come Again

Today of course next generation payment solutions such as PayPal, Venmo and Apple Pay would make it easier to distribute founds directly to the poor without much bureaucracy or expense. Since most poor people have smartphones they could simply use payment apps to get the money that they need and spend it.

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