Here, from the Financial Times, is a picture showing that the lower your income, the less increase you’ve gotten in life-expectancy the last four decades:
Income inequality is one of the largest human problems of this century.
As a science, economics does not always succeed at predicting how humans behave. The discipline assumes a level of rationality, and an ability to process complex information, that far exceeds human capacity. But as a standard for how people ought to behave, economics provides an excellent set of lessons. Consider the economic principle of consistency in financial…
Take 100 Americans who have used medical care this year, find the one who has receive the most medical care, and you have probably accounted for a fifth of all healthcare spending in that group. One person, 20% of spending – that is how skewed healthcare consumption is in this country. Here’s a picture, which…
Here is a chart from the Washington Post, showing the percent of people lacking health insurance over the last few years. For a long time now, a higher proportion of Democrats have been uninsured than Republicans, with low income and minority communities experiencing a disproportionately high uninsurance rate. But since Obamacare has come into effect,…
I’ve been teaching college for four years now, at a pretty darn good college. But I’m not sure I’ve seen student writing quite as good as this undergraduate writing sample: There is a wide yawning black infinity. In every direction the extension is endless, the sensation of depth is overwhelming. And the darkness is immortal….
I was raised in a family that hates taxes. Not hates taxes as in “Gosh, it’s too bad such a high percentage of my paycheck goes to the government.” More like: “How dare the government steal my hard-earned money and give it to undeserving moochers!” (Is there such a thing as a deserving moocher? Sorry,…
It is not unfair that we spend more on medical care for some people than others. After all, some people are sicker than others. If there’s anything unfair, it’s probably the uneven distribution of illness and disability. That said, the disparity in healthcare spending across people is pretty staggering. As this picture shows, courtesy of…