Showing posts with label Wall Street Journal. Show all posts
Showing posts with label Wall Street Journal. Show all posts

Saturday, October 6, 2012

what to do with your wealth? get help at "Mansion"

In this age of growing income disparities and economic hardship, Rupert Murdoch's Wall Street Journal has chosen to further glamorize the rich and their wealth by starting a section called Mansion. According to the launch press release, the new section will appear weekly in the paper copy and daily at WSJ.com. “The mantra for real estate has always been location, location, location – the location for the most intelligent, original, trustworthy and insightful journalism on prestige property is now The Wall Street Journal,” said Robert Thomson, editor-in-chief of Dow Jones & Company and managing editor of The Wall Street Journal. “We all like to think of our home as a mansion, even if it is a humble abode, and we all have the license to aspire, so we have created Mansion to be the home of both aspiration and real estate realization.” For more information on the addition, see introductory video

Unfortunately, it does not appear that Mansion will likely offer the kind of coverage about the lifestyles of the rich that readers came to appreciate in Robert Frank's recently discontinued WSJ blog, The Wealth Report. However, Frank's work is now available at CNBC's Inside Wealth.

Monday, September 3, 2012

why prole day? how about bourgeoisie day?

Why is there a holiday set aside to celebrate labor? This brief video from the History Channel provides an overview of its origins within the context of class division and strife. On the other hand, Gerald Skoning in an article today for that bastion of capitalism, The Wall Street Journal, asks "Why Not Corporation Day?": "Corporation Day would be a joyous celebration of capitalism, a three-day national holiday honoring the great industrialist pioneers, business barons and tycoons of our nation. We would pay grateful respects to the Mellons, Carnegies, Gettys, Fords, Rockefellers and, yes, the Kochs, for their contributions to our country's prosperity." 

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.