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 »
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 »
You likely first encountered the “Type I versus Type II error problem” in grade school and didn’t realize it. Perhaps some kid in the class played a practical joke on the teacher, and because nobody confessed, the entire class got detention. In some situation or another, you were likely punished undeservedly as a group for the actions of a small… Read more »
The three major Covid-19 mitigations available to “normal folks” have clearly become highly politicized. The frustrating thing here is that all three are based on science and mathematics principles that you likely learned in elementary school, but have either been forgotten or have been overridden by anti-science political cultism. So, squeeze yourself back into that 5th grade desk and let’s… Read more »
The test result finally came eleven days, almost to the hour, from getting swabbed at a mass drive-up testing site on July 2nd. Even then, the confirmation came not through the official portal, but rather via secure email from one of the several email, website response and telephone call queries I had been making for several days. I had been… Read more »
It is now official. The coronavirus mitigation policy of President Trump and state governors like Iowa’s Kim Reynolds is now essentially, “Sorry, old folks and immigrant workers, a lot of you are gonna die.” As a member of that honored class, pardon me if I am angry today. The coronavirus has taken a huge hit on three bedrocks of human… Read more »
The dramatic June resurgence of Covid-19 cases in my current home of Florida strikes me as film noir that has been playing out in four acts. You could write this story in a number of ways, but I see the plot line as a battle among the exciting(?) mathematical concepts of uncertainty, probability, and fecundity, with some ugly politics thrown… Read more »
Note: This is the last of three posts about threats to higher education exacerbated by the coronavirus pandemic. The second part of this series, on the campus social experience, is linked here. This week the president of the University of Michigan, a pretty good school from which I hold a couple of “credential papers,” announced that, if there are to… Read more »
Whenever I get into my car, even on a nice day while wide awake and sober, I am taking on the risk of death. And very late every snowy winter’s night in Minnesota, some guy is out on the road driving fast and drunk. Which one of these risks is most like the “Coronavirus World” in which we currently live?… Read more »
Utilitarianism is a classic “vector” of ethical theory, a structured way to decide “the right way” to resolve life-and-death dilemmas like the one facing us today. This is a versatile model, one that that has continued to re-emerge in modified forms ever since its roots in the writings of Jeremy Bentham (1748–1832) and John Stuart Mill (1806–1873). The coronavirus news… Read more »