The Unbroken Window

From David Henderson:
1. High-income households are not likely to consist of one person earning a very high income (as is often assumed); rather, they are likely to have two or more income earners:

In 2006, a whopping 81.4 percent of families in the top income quintile had two or more people working, and only 2.2 percent […]

Read Full Post »

Bill Gates is not even close! HT to Marginal Revolution.

Read Full Post »

In fact, for the typical 1970s family, paying 24% of its income in taxes works out to be $9,288. And for the 2000s family, paying 33% of its income is $22,374.
Although income only rose 75%, and expenditures for the mortgage, car and health insurance rose by even less than that, the tax bill increased by […]

Read Full Post »

Not to call out anyone personally, but two responses to my kidney article are telling. The first is from the spouse of a friend, who upon reading it said, “It just feels wrong.” That does not surprise me - it is hard to get one’s mind around markets in organs. What does get my knickers […]

Read Full Post »

Now, it would be great to look at mobility, control for immigration, look at benefits, etc. But, according to these US Census figures, it appears that while the percentage of American households in poverty has fallen substantially since 1970 (it has creeped up since September 11th), the percentage of American households that are doing well […]

Read Full Post »