Wednesday, September 24, 2014

Monday, September 22, 2014

Piketty, Capitalism, and Progressive Taxation


One of the most important graphs in The Golden Calf is taken from Wilkinson and Pickett (The Spirit Level, 2009) and shows the widening gap between the richest and poorest in America in income, between 1975 and 2004. It’s the second half of my life. The first part of my life, beginning in 1949, was the “good news” part, when the economy worked well, and a worker with one job could buy a home and raise a family and send kids to college. This was followed by the “bad news,” economism or neoliberalism, especially under Reagan starting in 1980, when income stagnated for the lower and middle classes and virtually all the new wealth was snapped up by the top few percent. By this picture, economism was a bizarre development, and one was hard pressed to explain why such a thing should have occurred.

Thomas Piketty, Professor at the Paris School of Economics, has now cast considerable new light on these developments (Capital in the Twenty-First Century, trans. Arthur Goldhammer, Cambridge: Belknap Press of Harvard University Press, 2014). As he points out, until modern computers, economics tended to be light on facts. It’s only within the past couple of decades that the available data have been recorded and investigated, to allow those familiar with them a reasonable peek at the actual history. And history, in fact, is what economics should be concerned about; Piketty takes a dim view of American neoclassical economics and favors a collaborative view of the economist as one of the social sciences.

Piketty offers data on capital and income between 1800 and the present for Britain and France, and going back to the late 1800s for the United States and other major countries. He focuses a good deal of the basic equation, r > g, meaning that the rate of return on capital virtually always exceeds the growth rate of the economy; the former tends to be 3-5 percent and the latter runs from less than 1 percent to 1.5 percent. Piketty notes that this is basic to the whole idea of civilization—it allows people to be engaged in something besides pure subsistence.

When Piketty graphs the history of the relationship between the after-tax rate of return to capital and the growth rate of world output, as best as is known from the year 0 to the present, capital return always exceeds the growth rate except at one point—the years 1913-2012. So the data that informed my standard way of thinking between 1949 and 1975-80 turns out to be wildly out of sync with the norm.

Piketty describes what he considers most important, capital/income ratio, roughly as follows. For Europe, inequality was very pronounced, until the shocks of the twentieth century, in the years 1914-1945. Then income inequality rose again. The major change was that before the twentieth century, there were a small number of rich people who had almost all the wealth, and the vast majority of laborers who had virtually none of it. Now there is a middle class which collectively holds a significant amount of wealth, one-quarter to one-third of the total; while the extreme upper class, especially the top 1 percent, now holds around 60 percent of the wealth.

The United States presents a different picture. The middle class was establishing itself all along. However, during the Gilded Age, income inequality rose in America as well. It then decreased during the world wars and depression, but America was spared the extreme trials of Europe. Since 1975, income inequality has risen even higher in the U.S. than in Europe.

Piketty talks then of the future of the remainder of the twenty-first century, and finds increasing income inequality to be an unstable factor, so he is hopeful that something can be done about it. His favorite is a progressive tax on capital. He favors a modest plan that would produce maybe 2 percent of GDP, but argues that the capital tax is more important than the amount raised, since it carries an important message. In particular, for it to work at all, it would require that data be gathered in a way that it is not currently, and particularly that international tax havens be opened to scrutiny. On Piketty’s plan, everyone would know everyone else’s wealth, throughout the world. He admits that this is a nearly-utopian goal and will require many stages of development.

Piketty speaks of the future as if everything will be smooth and there will be no more “shocks” equivalent to the World Wars. He admits that he cannot predict what would happen if shocks supervene.
Returning to my own views, it’s discouraging to find that the time that one had thought of as the halcyon days when everything was most fair and reasonable (the era 1945-1980 roughly) was a brief, highly atypical time period. It is, by contrast, encouraging to find that progressive taxation can so effectively reverse the worst of the trends. The only problem will be gaining the political will to succeed in such a mission in the US. Piketty’s own guess is, “Without a radical shock, it seems fairly likely that the current [state of affairs in the US] will persist for quite some time. The egalitarian pioneer ideal has faded into oblivion, and the New World may be on the verge of becoming the Old Europe of the twenty-first century’s globalized economy. [514]”

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Sunday, September 21, 2014

Piketty, Capitalism, and Progressive Taxation


One of the most important graphs in The Golden Calf is taken from Wilkinson and Pickett (The Spirit Level, 2009) and shows the widening gap between the richest and poorest in America in income, between 1975 and 2004. It’s the second half of my life. The first part of my life, beginning in 1949, was the “good news” part, when the economy worked well, and a worker with one job could buy a home and raise a family and send kids to college. This was followed by the “bad news,” economism or neoliberalism, especially under Reagan starting in 1980, when income stagnated for the lower and middle classes and virtually all the new wealth was snapped up by the top few percent. By this picture, economism was a bizarre development, and one was hard pressed to explain why such a thing should have occurred.

Thomas Piketty, Professor at the Paris School of Economics, has now cast considerable new light on these developments (Capital in the Twenty-First Century, trans. Arthur Goldhammer, Cambridge: Belknap Press of Harvard University Press, 2014). As he points out, until modern computers, economics tended to be light on facts. It’s only within the past couple of decades that the available data have been recorded and investigated, to allow those familiar with them a reasonable peek at the actual history. And history, in fact, is what economics should be concerned about; Piketty takes a dim view of American neoclassical economics and favors a collaborative view of the economist as one of the social sciences.

Piketty offers data on capital and income between 1800 and the present for Britain and France, and going back to the late 1800s for the United States and other major countries. He focuses a good deal of the basic equation, r > g, meaning that the rate of return on capital virtually always exceeds the growth rate of the economy; the former tends to be 3-5 percent and the latter runs from less than 1 percent to 1.5 percent. Piketty notes that this is basic to the whole idea of civilization—it allows people to be engaged in something besides pure subsistence.

When Piketty graphs the history of the relationship between the after-tax rate of return to capital and the growth rate of world output, as best as is known from the year 0 to the present, capital return always exceeds the growth rate except at one point—the years 1913-2012. So the data that informed my standard way of thinking between 1949 and 1975-80 turns out to be wildly out of sync with the norm.

Piketty describes what he considers most important, capital/income ratio, roughly as follows. For Europe, inequality was very pronounced, until the shocks of the twentieth century, in the years 1914-1945. Then income inequality rose again. The major change was that before the twentieth century, there were a small number of rich people who had almost all the wealth, and the vast majority of laborers who had virtually none of it. Now there is a middle class which collectively holds a significant amount of wealth, one-quarter to one-third of the total; while the extreme upper class, especially the top 1 percent, now holds around 60 percent of the wealth.

The United States presents a different picture. The middle class was establishing itself all along. However, during the Gilded Age, income inequality rose in America as well. It then decreased during the world wars and depression, but America was spared the extreme trials of Europe. Since 1975, income inequality has risen even higher in the U.S. than in Europe.

Piketty talks then of the future of the remainder of the twenty-first century, and finds increasing income inequality to be an unstable factor, so he is hopeful that something can be done about it. His favorite is a progressive tax on capital. He favors a modest plan that would produce maybe 2 percent of GDP, but argues that the capital tax is more important than the amount raised, since it carries an important message. In particular, for it to work at all, it would require that data be gathered in a way that it is not currently, and particularly that international tax havens be opened to scrutiny. On Piketty’s plan, everyone would know everyone else’s wealth, throughout the world. He admits that this is a nearly-utopian goal and will require many stages of development.

Piketty speaks of the future as if everything will be smooth and there will be no more “shocks” equivalent to the World Wars. He admits that he cannot predict what would happen if shocks supervene.
Returning to my own views, it’s discouraging to find that the time that one had thought of as the halcyon days when everything was most fair and reasonable (the era 1945-1980 roughly) was a brief, highly atypical time period. It is, by contrast, encouraging to find that progressive taxation can so effectively reverse the worst of the trends. The only problem will be gaining the political will to succeed in such a mission in the US. Piketty’s own guess is, “Without a radical shock, it seems fairly likely that the current [state of affairs in the US] will persist for quite some time. The egalitarian pioneer ideal has faded into oblivion, and the New World may be on the verge of becoming the Old Europe of the twenty-first century’s globalized economy. [514]”

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Saturday, September 20, 2014

Disposable Electronic Cigarette Review

If you’ve been considering switching to electronic cigarettes but don’t want to spend $50+ on a higher end kit just to test them out then we’ve found the perfect product for you: The disposable electronic cigarette. A big thanks to Electronic Cigarettes Inc. for sending us a free sample of this handy little ecig to [...]

Disposable Electronic Cigarette Review is a post from: The Electronic Cigarette Blog

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Thursday, September 18, 2014

Limning the Limits

Shortly after I submitted my last post “Limning Autonomy in Surgery” I was contacted by the blog editor letting me know that I had made a typo in my title and that he would go ahead and correct it for me. The problem is that I really do mean to use the word “limn.” When I was at Wheaton College a couple of my professors... // Read More »

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Wednesday, September 17, 2014

Vincent Lambert ? Treatment Pending European Court of Human Rights

The slow and cumbersome nature of litigation often means that the status quo is preserved for a long time, until judgment.  In the context of end-of-life medical treatment, this usually means that the patient's biological existence is perpetuated ...

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Monday, September 15, 2014

What's that smell?

---Quote (Originally by JimmyDB)---
---Quote (Originally by Alien Traveler)---
David, thank you. Reading this thread I decided I will not order...

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Sunday, September 14, 2014

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Saturday, September 13, 2014

Save 30% Storewide during the V2 Labor Day Sale

End of summer savings There’s another reason to celebrate this Labor Day! We’re giving you 30% off storewide* when you shop the V2 online store on Aug 29-Sept 1. With outdoor fun and festivities planned for the long weekend, don’t forget to take some time for yourself to do a little online shopping. It’s your […]

The post Save 30% Storewide during the V2 Labor Day Sale appeared first on V2 Electronic Cigarettes Blog.

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Thursday, September 11, 2014

Wednesday, September 10, 2014

Thank God I'm Free - Diana's Story

When Diana decided to quit smoking, she sought out all of the help she could get, including Chantix and the About.com Smoking Cessation support forum.

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Tuesday, September 9, 2014

Surviving Your First Smoke-Free Weekend

The first smoke-free week and weekend of can be managed more easily with knowledge about what to expect and some preparation for the discomforts associated with nicotine withdrawal.

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Saturday, September 6, 2014

Friday, September 5, 2014

Benzene in Cigarette Smoke

Benzene in cigarette smoke is thought to be responsible for about half of all human exposure to this toxic chemical. It is also a leukemia risk for smokers.

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Thursday, September 4, 2014

Wednesday, September 3, 2014

Oral and Head and Neck Cancer

Oral and head and neck cancer (OHNC) includes a specific group of cancers that are often linked to smoking and alcohol usage. Learn about other risk factors, as well as common symptoms of these cancers.

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Tuesday, September 2, 2014

Sunday, August 31, 2014

Sleep

If you're tired and can manage it during the day, take a power nap. And go to bed a little earlier than usual. Your body is working hard right now to overcome the effects of nicotine withdrawal, and some extra sleep will do you good. Page 8.

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Saturday, August 30, 2014

Friday, August 29, 2014

Direct cell reprogramming to grow a new organ and the ice bucket challenge

A recent article in The Guardian reports on an interview with Clare Blackburn of the Medical Research Council Centre for Regenerative Medicine at the University of Edinburgh where they have recently been able to induce a direct transformation of mouse skin fibroblasts into thymic epithelial cells. When these induced thymic epithelial cells were mixed with other thymus cell types and transplanted into mice they grew... // Read More »

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Thursday, August 28, 2014

Weighing the Pros and Cons of Smoking

Most smokers have a love/hate relationship with cigarettes. The pros and cons of cigarette smoking are explored by ex-smoker Zoe in this article.

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Wednesday, August 27, 2014

Electronic Cigarette Reviews

Electronic cigarettes are becoming mainstream. They are sold in stores like 7-Eleven, Walgreens, and other big box convenience stores in disposable electronic cigarette versions.

Electronic Cigarette ReviewsElectronic cigarette reviews such as the ones provided here have helped people find the best electronic cigarette. If you are eager to start trying the best electronic cigarette brands, you've come to the right place. We recently hired Andy Gray to be Editor of the website. If you haven't heard, Andy has been the industry voice since 2009. He knows more about electronic cigarettes than 99.9% of people out there, and he's successfully made the change from tobacco products to electronic cigarette smoking! You will find that the electronic cigarette reviews we've posted here are the most thorough electronic cigarette reviews on the web today. Look around. We really spell out the good, the bad, and the ugly. Consumers are invited to post their own comments in the space provided. When others read this site, they can benefit from the experiences of others and truly gain a feel of which electronic cigarette is the best for their personal situation. Some smoker?s are the type that need a full nicotine strength and tobacco flavor, while others are looking for that special blend of fruity flavor. Whatever your cup of tea is, we set out to provide you with the ammunition you need to be an informed consumer when you buy an electronic cigarette online. For each electronic cigarette brand, we talk about the nicotine strengths and flavors offered. We talk about the amount of vapor the brand offers. We talk about any and all accessories that are available. We even try to shed a little light on the shipping times, customer service aspects, and overall sentiment of doing business with the different electronic cigarette companies. With Andy keeping the pulse of the industry, you can count on us to update this website with the latest electronic cigarette information, coupon codes, and reviews. This is so you - the consumer, can continue to make informed decisions and enjoy these devices as much as we do. Enjoy the fruits of our labor, and don?t hesitate to get in touch with us.

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Monday, August 25, 2014

Journaling

A quit smoking journal is a powerful tool that can reinforce your resolve to stop smoking. Consider making the first entry in your journal a list of the reasons you have to quit smoking.

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Sunday, August 24, 2014

When unapproved drugs are the only help: A case for compassionate use

[CNBC] wo years ago, Nathalie Traller spent her days like any seventh-grader might. She played soccer and swam and studied for classes. Then Nathalie started getting bad headaches, the kind that made it hard for her to concentrate. A trip to the doctor revealed the unthinkable: a mass the size of a baseball in her […]

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Saturday, August 23, 2014

Semantics: ?Ex-smoker? vs. ?Non-smoker?

I will use these terms as this blog unfolds and I need for you to understand what I mean by each of them. These are not universally accepted definitions, by the way. They are mine, and I define them only as a means of distinguishing one from the other?you will see they are very different…

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Friday, August 22, 2014

Is Chantix Safe to Use?

A reader asks: I'm afraid to use Chantix because of all of the negative news I've been reading about Chantix side effects. Can you tell me what the side effects of Chantix are?

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Thursday, August 21, 2014

A cotton bud soaked in nicotine? I think I will have an Electronic Cigarette thanks!

With ever more frequent warnings about the dangers and health issues associated with smoking traditional tobacco based cigarettes, it comes as no surprise that the number of people buying e-cigarette products is on the rise. Hundreds of thousands of us are now vaping compared to the olden days of being sat in a smoke filled [...]

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Sunday, August 17, 2014

Using Bupropion (Zyban) as a Quit Smoking Aid

Zyban, generically known as bupropion, is an anti-depressant drug which also seems to work well as a quit smoking aid. While it isn't known exactly how it works, the end result is diminished cravings for nicotine.

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Thursday, August 14, 2014

You Think I?m Crazy, Don?t You? Meet Some More Whackos

I’ve begun posting on a very popular “Smoking Cessation” forum. I espouse the contention stated in the title of this blog and my comments are ignored by everyone but a couple of other loonies that share my conviction.� I’m not sure if they don’t believe me or they just don’t want to let go of…

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Wednesday, August 13, 2014

What Do the "Icky Threes" Have to Do With...

The icky threes refer to particular phases of a person's quit program that can be bumpy and uncomfortable as they move through nicotine withdrawal and beyond.

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Sunday, August 10, 2014

Friday, August 8, 2014

My Slate Article on the Importance of Replicating Science

By Michelle N. Meyer, Assistant Professor and Director of Bioethics Policy I have a long article in Slate (with Union psychology professor Chris Chabris) on the importance of replicating science. We use a recent (and especially bitter) dispute over the failure to replicate a social psychology experiment as an occasion for discussing several things of much […]

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Thursday, August 7, 2014

Wednesday, August 6, 2014

Monday, August 4, 2014

Your Quit Stories - The First 6 Months

The first six months smoke-free are challenging for most people. The ups and downs of smoking cessation are reflected in these personal quit smoking stories.

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Sunday, August 3, 2014

Friday, August 1, 2014

Po?yczka przez internet

To, ?e TurboTax jest nie owszem zaprojektowany gwoli Twojej wygody, Po?yczka przez internet atoli r�wnie? pozwalaj? dochrapa? si? wi?cej pieni?dzy na zeznaniu podatkowym ani?eli kiedy tylko. Zatem w tym momencie, i? kapita? wydane zosta?o w?a?nie zwr�cona do Ciebie, za?.

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Thursday, July 31, 2014

Electronic Cigarettes and Pregnancy

We’ve been receiving a lot of questions about whether or not it is safe to smoke electronic cigarettes during pregnancy. We are by no means experts on expectant mothers and pregnancy but the answer to this question is an obvious “NO.” Anything a pregnant woman ingests into her body travels to the baby via [...]

Electronic Cigarettes and Pregnancy is a post from: The Electronic Cigarette Blog

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Wednesday, July 30, 2014

Sunday, July 27, 2014

Third-Hand Smoke - A Threat to Our Children

Third-hand smoke is the term used to describe the toxic gases and small particles that linger long after a cigarette is extinguished. Third-hand smoke is a serious health risk, especially for children.

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Saturday, July 26, 2014

Friday, July 25, 2014

Oral and Head and Neck Cancer

Oral and head and neck cancer (OHNC) includes a specific group of cancers that are often linked to smoking and alcohol usage. Learn about other risk factors, as well as common symptoms of these cancers.

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Thursday, July 24, 2014

How Smoking Causes Hardening of the Arteries

Fatty substances such as cholesterol, cellular waste and calcium deposited along the lining of arteries in a person's body contribute to atherosclerosis. Smoking is a risk factor for atherosclerosis.

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Wednesday, July 23, 2014

Monday, July 21, 2014

5 Compelling Reasons to Use Electronic Cigarettes

Smokers Weigh In: 5 Reasons Why You Should Switch to Electronic Cigarettes Every smoker is a little different. You like your particular brand of cigarette in the flavor that tastes best to you. Some smokers enjoy going outside frequently for smoke breaks, others wish they weren?t forced outside just to have the satisfaction of a [...]

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Sunday, July 20, 2014

Saturday, July 19, 2014

Safeguarding Our Stories, Our Selves

While having a “sit-down-family-meal” with a son and his family over the recent holiday weekend–something that happens far too infrequently in families today—our six-year-old grandson attempted to leave the table during the post-meal conversations but was restrained by his mother. “Conversations are boring,” was his frustrated response to his unpleasant imprisonment. His response brought to mind a similar attitude in another 10-year-old grandson who refuses... // Read More »

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Friday, July 18, 2014

How-To Vape 4 Free: Transitioning from VIP to V4F

Were you a VIP customer before April 3, 2014? If so, this is just for you? Late at night on April 3, 2014, the V2 customer loyalty programs known as Smoke 4 Free and VIP became obsolete; Vape 4 Free took over. Now, the rewards are bigger and better than ever before, allowing you to […]

The post How-To Vape 4 Free: Transitioning from VIP to V4F appeared first on V2 Electronic Cigarettes Blog.

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Wednesday, July 16, 2014

Iml8

IML8 - people get it right away. "I'm late." Simple, but it wasn't all that long ago that people didn't "get it" right away. When I first started...

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Sunday, July 13, 2014

32 Benefits of Quitting Smoking

From better health to improved self-esteem and confidence, benefits of quitting smoking far outweigh the discomforts of nicotine withdrawal.

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Friday, July 11, 2014

Cigarette Smoking and Cancer

Cigarette smoking causes 87 percent of lung cancer deaths. Secondhand smoke causes an estimated 3000 lung cancer deaths among nonsmokers each year.

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Wednesday, July 9, 2014

Tuesday, July 8, 2014

Saturday, July 5, 2014

The Curious Case of Hobby Lobby

by Sean Philpott-Jones, Director of the Center for Bioethics and Clinical Leadership The news was chock-a-block with important health stories this week, including new evidence debunking the vaccine-autism myth and the revelation that researchers conducted a legal albeit ethically questionable study that manipulated the emotions of nearly 700,000 Facebook users. But I want to talk about […]

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Wednesday, July 2, 2014

Gathering Supplies to Help You Quit Smoking

The first several weeks of smoking cessation can be difficult. It's important to have things you can do to distract yourself in mind ahead of time...before the urge to smoke hits. A little preparation goes a long way!

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Sunday, June 29, 2014

Leslyr's Quit Smoking Story

Lesly spent years and years trying to quit smoking, as most of us did. Nicotine had a firm grip on her until this quit came along. She's learned how to embrace cessation, and appreciate the freedom she's gained.

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Thursday, June 26, 2014

Get Educated to Successfully Quit Smoking

With education about what to expect when you quit smoking and the support to make it happen, you can successfully leave nicotine addiction behind.

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Wednesday, June 25, 2014

A Soda or an E cig?

Lately we have heard rumors and accusations against the sale and marketing of electronic cigarettes. In some countries, like Spain for example, have...

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Monday, June 23, 2014

More on Revolution from Clay Shirky

“If it’s a revolution it can’t be predictable. And if it’s predictable it can’t be a revolution.” -Clay Shirky (Click here to view comments)

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Sunday, June 22, 2014

How to Beat The Junkie In Your Head

Nicotine withdrawal can put unhealthy thoughts of smoking into your head from time to time. Prepare yourself with knowledge of what to expect and how to beat junkie thinking down.

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Monday, June 16, 2014

Palliative Care Fast Facts ? Now for iOS

Since 2000, Fast Facts and Concepts has provided concise, practical, peer-reviewed, and evidence-based summaries on key topics important to clinicians and trainees caring for patients facing life-limiting illnesses.

Fast Facts are designed to be easil...

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Sunday, June 15, 2014

Pro?s & Con?s of Electronic Cigarette Smoking

by Billy About three years ago, someone gave me a BullSmoke Electronic cigarette and I never looked back.� Ever Since, I’ve been keen to using this brand of e-cigs and have been a happy advocate for the industry of e-cigarette smoking. Let?s face it, most people start smoking because it is just a little bit [...]

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Saturday, June 14, 2014

How Do I Achieve the "Right" Mindset to Quit...

Everyone talks about having the right mind set to quit smoking successfully. What is the right mind set? Is it a dislike for cigarettes, as in never wanting to have one again, or is it just willpower - the determination not to light up? I have quit several times and had the right mind set when I started, but I never seem to be able to maintain it.

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Thursday, June 12, 2014

Getting An Earful

by Craig Klugman, Ph.D.

In the book (and film) Jurassic Park by Michael Crichton, dinosaur DNA from in insects that bit the dinosaurs and are now preserved in amber. Scientists are then able to extract the dinosaur DNA and using West African bullfrog DNA to fill in the blanks in the genome, they recreate many dinosaurs in a park. The book and film were works of science fiction adventure since the dinosaurs go out of control. The story is a warning about the hubris of playing with DNA and bringing back the past.…

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Wednesday, June 11, 2014

Lesly's 3 Year Smoke Free Milestone

Three years ago I was a desperate woman. I was desperate to quit smoking – I was desperate to smoke. I was sick to death of smoking – I loved to smoke. I hated how I smelled – I loved the smell of my smokes. I hated the burn holes, fears, sickness – I loved the rituals. I hated being told I should quit - I knew I should quit.

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Tuesday, June 10, 2014

Kredyty bez bik

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Sunday, June 8, 2014

Your Doctor Has a DNR Order, But Not for the Reasons You?d Think

by Jacob Dahlke, Bioethics Program Alum (MSBioethics 2012) How many doctors would choose to have a “Do-Not Resuscitate” (DNR) order over a full code option? 88.3%, at least according to a new study. For those counting at home, that’s greater than percentage of Americans who currently disapprove of the job that Congress is doing. This means that nearly 9 […]

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