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  Kristof on the Hedge Fund Republic New York Times columnist Nicholas Kristof is out with a piece headlined "A Hedge Fund Republic?" He writes, "inequality in the United States has soared to levels comparable to those in Argentina six decades ago — with 1 percent controlling 24 percent of American income in 2007." Mr. Kristof uses the word "controlling" rather than "earning" so as not to allow his readers to consider the possibility that these earners might have done something such as work to create value so that customers were willing to pay them that compensation voluntarily. Income Inequality The New York Times steps up its campaign against income inequality, throwing Nicholas Kristof into battle to reinforce Frank Rich and Eduardo Porter. Mr. Kristof's column doesn't distinguish between equality of opportunity and equality of results, between income inequality, asset inequality, and other types of inequality, or between pre-tax, pre-transfer income inequality and post-tax, post-transfer income inequality. The column also says that "the gap between rich and poor fell during the Clinton administration," without much useful explanation of why, or of what measure is used. Most other accounts I have seen say pre-tax, pre-transfer income inequality rose during the Clinton administration, though it may have narrowed somewhat at the very end because of the collapse of the tech stock bubble. Kristof on Charity and Haiti Nicholas Kristof has a column in the New York Times suggesting that for-profit businesses may do more to help Haiti than charities:
Kristof, Taxes and Billionaires New York Times columnist Nicholas Kristof has a column in today's New York Times under the headline "Taxes and Billionaires." He writes: "financiers have gotten away with paying a lower tax rate than their chauffeurs or personal trainers. Tycoons have bet for years that the public is too stupid or distracted to note that in many cases they're paying just a 15 percent tax rate." This distorts the issue. In fact those in the 15% income tax bracket — up to $69,000 a family — pay a capital gains rate of only 10%, less than the 15% rate paid by "tycoons" on their capital gains. Mr. Kristof suggests that John Paulson is a big beneficiary of this tax break. But many of Mr. Paulson's and his fund's holdings are in gold, which is mostly taxed at a higher "collectibles" rate, not the lower 15% rate. Nicholas Kristof's Roommate With Cancer Nicholas Kristof's Sunday New York Times column is about his Harvard freshman-year roommate, Scott Androes, who has cancer after going from the end of 2003 to 2012 without health insurance. Mr. Kristof writes, "it would have made more sense to provide Scott with insurance and regular physicals. Catching the cancer earlier would have saved hundreds of thousands of dollars in radiation and chemo expenses — and maybe a life as well." He goes on to write that this is what the upcoming presidential election is about. It's a moving, sad, and touching tale in a kind of there-but-for-the-grace-of-God-go-I way, and on Sunday night it was high on the list of most-emailed-articles on the Times Web site. Kristof on Romney's Economic Model Nicholas Kristof's New York Times column today says:
There are at least three things wrong with that analysis. Kristof on Welfare What a spectacular column from Nicholas Kristof of the New York Times. Kudos to him for writing it and kudos to the New York Times for placing it on the front of the Week in Review section:
Kristof on Welfare What a spectacular column from Nicholas Kristof of the New York Times. Kudos to him for writing it and kudos to the New York Times for placing it on the front of the Week in Review section:
Kristof on Romney's Economic Model Nicholas Kristof's New York Times column today says:
There are at least three things wrong with that analysis. Nicholas Kristof's Roommate With Cancer Nicholas Kristof's Sunday New York Times column is about his Harvard freshman-year roommate, Scott Androes, who has cancer after going from the end of 2003 to 2012 without health insurance. Mr. Kristof writes, "it would have made more sense to provide Scott with insurance and regular physicals. Catching the cancer earlier would have saved hundreds of thousands of dollars in radiation and chemo expenses — and maybe a life as well." He goes on to write that this is what the upcoming presidential election is about. It's a moving, sad, and touching tale in a kind of there-but-for-the-grace-of-God-go-I way, and on Sunday night it was high on the list of most-emailed-articles on the Times Web site. Kristof, Taxes and Billionaires New York Times columnist Nicholas Kristof has a column in today's New York Times under the headline "Taxes and Billionaires." He writes: "financiers have gotten away with paying a lower tax rate than their chauffeurs or personal trainers. Tycoons have bet for years that the public is too stupid or distracted to note that in many cases they're paying just a 15 percent tax rate." This distorts the issue. In fact those in the 15% income tax bracket — up to $69,000 a family — pay a capital gains rate of only 10%, less than the 15% rate paid by "tycoons" on their capital gains. Mr. Kristof suggests that John Paulson is a big beneficiary of this tax break. But many of Mr. Paulson's and his fund's holdings are in gold, which is mostly taxed at a higher "collectibles" rate, not the lower 15% rate.  Palestinian Opinion Polls Refute New York Times Negative Verdict on Gaza Blockade NY Times columnist Nicholas Kristof asserts that the Israeli blockade has failed. Palestinian opinion polls do not support his viewpoint. Kristof's One-Sided Look at "Two Sides of a Fence" In his July 1, 2010 column, The Two Sides of a Barbed-Wire Fence, New York Times columnist Nicholas Kristof blames Israel for Palestinian cave dwelling that began in 1830, conceals Israeli attempts to integrate Bedouin into towns with running water, and generally misleads readers about the conflict. "Tough Love" for Nicholas Kristof Nicholas Kristof's Tough Love for Israel (New York Times, July 24) demonstrates his vast ignorance regarding Israel and its neighbors, along with his proclivity to choose to forget messy facts which get in the way of his simplistic view of Israel as the major obstacle to peace. Kristof's Blame-Israel Rant Nicholas Kristof argues that U.S. politicians have learned to muzzle themselves on Israel and such silence harms America. But he himself keeps mum on key information that contradicts his argument. Kristof on the Hedge Fund Republic New York Times columnist Nicholas Kristof is out with a piece headlined "A Hedge Fund Republic?" He writes, "inequality in the United States has soared to levels comparable to those in Argentina six decades ago — with 1 percent controlling 24 percent of American income in 2007." Mr. Kristof uses the word "controlling" rather than "earning" so as not to allow his readers to consider the possibility that these earners might have done something such as work to create value so that customers were willing to pay them that compensation voluntarily. Income Inequality The New York Times steps up its campaign against income inequality, throwing Nicholas Kristof into battle to reinforce Frank Rich and Eduardo Porter. Mr. Kristof's column doesn't distinguish between equality of opportunity and equality of results, between income inequality, asset inequality, and other types of inequality, or between pre-tax, pre-transfer income inequality and post-tax, post-transfer income inequality. The column also says that "the gap between rich and poor fell during the Clinton administration," without much useful explanation of why, or of what measure is used. Most other accounts I have seen say pre-tax, pre-transfer income inequality rose during the Clinton administration, though it may have narrowed somewhat at the very end because of the collapse of the tech stock bubble. Kristof on Charity and Haiti Nicholas Kristof has a column in the New York Times suggesting that for-profit businesses may do more to help Haiti than charities:
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