Monthly Archives: September 2020

Eldercare and the economic vacuum cleaner – part 2

Nursing home

Part One of this series laid out the cashflows draining middle-class estates in the final years of life into the “eldercare industry.” In my view, this is a significant contributor to rising income inequality. Middle-class wealth in the U.S. does not get passed on to the next generation, leaving that group to start over from scratch.  My own children’s generation… Read more »

Eldercare and the economic vacuum cleaner – part 1

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Nursing home corridor

Rich people pass on wealth to their children; poor people don’t. And increasingly, middle-class people don’t either. We know that this lack of inheritance in the middle and lower ends is a significant force behind rising income inequality over the last 30 years. Much of the “extraction” of net worth from middle-class families happens in the last years of their… Read more »

History and the math of “probably not”

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On a day when we can’t get an agreed-upon historical reckoning of the sequence of governmental Coronavirus response in the United States in early 2020 (despite extensive video evidence), I’d like to share my thoughts on “the probability of history” using some classic (and potentially dangerous) examples. In the mid-1990s, the late religious historian Marcus Borg authored a series of… Read more »

When Chuck Grassley was “pwned” by the televangelists

Donald Trump & Paula White

Note: This is a repost from a piece that first appeared in the Iowa blog Bleeding Heartland. In a recent Bleeding Heartland piece, Laura Belin contrasted Iowa Senator Chuck Grassley’s aggressive attack on then-Vice President Al Gore’s use of a government telephone in 1997 to make a fundraising call to his silence after repeated and blatant Trump administration violations of… Read more »