Friday, January 12, 2018

'S*** holes for all', more on Piketty

NPR:
"Congress Changed 529 College Savings Plans, And Now States Are Nervous"
https://www.npr.org/sections/ed/2018/01/08/575167214/congress-changed-529-college-savings-plans-and-now-states-are-nervous includes:

" to cover tuition not only at colleges and universities, but also at private elementary and high schools. That's a big, sudden expansion, and it has some experts worried."
..."The real benefit, according to the state experts and independent economists NPR interviewed for this story, is for affluent families — many of whom already have kids in private K-12 schools"...
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Remaking the University's cnewf tweeted out this link:

Includes:
..."moral here is pretty obvious: being born into wealth is a far better choice than working hard at some stupid series of jobs.

This is especially true in contemporary America.

Median wage in constant 2017 dollars:

1990: $27,468

2016: $30,533

Total increase in median wage, 1990-2016: 11.16%

Total increase in S&P 500 average, adjusted for inflation, January 1990 – present: 305.6%"


It is related to this new assessment of Piketty research on income inequality, see:

https://www.washingtonpost.com/news/wonk/wp/2018/01/04/massive-new-data-set-suggests-inequality-is-about-to-get-even-worse/?utm_term=.01f78297de2e
..."After compiling this first-of-its-kind data set, Jordà's team makes a startling conclusion: If anything, Piketty's book underestimates the historical rate of return on wealth. “The same fact reported [by Piketty] holds true for more countries and more years, and more dramatically,” the researchers conclude."...

One more thing : this alternative view:
https://www.vox.com/policy-and-politics/2018/1/10/16850050/inequality-tax-return-data-saez-piketty
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The guv received services at UCSF, friends with certain regents tied to interests there, and his health sec is partner of a retired former UCOP exec:

https://www.universityofcalifornia.edu/press-room/uc-praises-gov-brown-proposal-establish-precision-health-institute

A faculty take on his legacy:
http://uclafacultyassociation.blogspot.com/2018/01/still-more-on-jerry-browns-budget_12.html

And,

the students and staff likely more concerned with this topic
that is the issue for them, right now

Ironic that the latest chatter on counter celebrity pol opposition in a far off pres election comes from one of the most expensive towns in CA now hit by climate change related disasters...


-- what about the CA gubernatorial race?

One -INO can be the same as the other side's -INO

Born into wealth or not, celebrities or not, state or national - the successful candidate is gonna have to tackle the above, and that's some pretty heavy lifting...

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That famous quote:
"In the end, we will remember not the words of our enemies, but the silence of our friends."

Is it even about words anymore -or deeds now?

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