Thursday, April 19, 2012


Establishing residence without owner permission is not only common in circumstances of mass poverty (view top video), but as well in affluent societies experiencing housing crisis. As discussed in this recent In These Times article by Rebecca Burns, squatter organizations, such as Chicago's Liberate the Southside, have developed in the U.S., the U.K., and various European nations to both facilitate the redistribution of unoccupied housing to the poor, while dealing with the problem of abandoned and neglected property in the city (view bottom video). In light of preventing urban blight and thereby maintaining property values, Herbert Gan's discussion on the economic functionality of the poor should be amended in his classic piece, The Uses of Poverty.

Sunday, April 1, 2012

rich don't work less as taxes go up

Conservative thinking holds that work effort among the rich will decline if they are required to pay higher taxes. However, a recent study by Jeffrey Thompson outlined in this article by Robert Frank in WSJ's Wealth Report suggests that taxes have no such effect on work motivation among the wealthy.