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Pebbles's avatar

Interesting piece. I give Bari Weiss a lot of kudos for walking away, but I sure ain’t no fan of that entitlement whiff she carried over from NYT. You can take a Bari Weiss out of the NYT but you can’t completely take the NYT out of Bari Weiss… Or in other words: it would be amazing if she was a writer / publisher based out of Kentucky rather than NYC.

I have been an on/off subscriber to the Free Press, but I can’t seem to figure out who and what they after or for, leave alone finding solid every day pieces on socio-economic matters or substantial policy analysis. It feels like a never ending roll of op-Ed pieces, albeit by some prolific writers - Niall Ferguson and Matti Friedman being among them.

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Bob's avatar

A few thoughts on economics:

Inequality only matters to the resentful. Who cares what the 1% have, so long as they got it fairly and nobody is starving?

The Left talks about paying their fair share, but people in the top two quintiles of _income_ already pay the majority of federal income taxes. The federal government will have to tax lower quintiles more to raise revenue for existing spending, let alone any new spending.

The Left talks about wealth inequality, but the super rich have mostly paper fortunes. Those don’t translate to spending without selling part, which will crash the value and risk losing control.

Wealth taxes may be an effort by old money families to prevent the creation of new fortunes. New fortunes are often built by disrupting existing businesses. Old money families are usually diversified into existing, income generating businesses. They could better afford to pay wealth taxes.

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