Character is that which reveals moral purpose, exposing the class of things a man chooses or avoids.
Business Insider estimated the median house value for each of the Census Bureau’s Public Use Microdata Areas. These are a way of slicing up the country into areas that contain around 100,000 people. For densely populated cities, these correspond to neighborhoods, or groups of neighborhoods. For less densely populated areas, like in the Mountain West, they can be entire groups of counties.
Here’s the area with the highest median house value in every state:
Changing distribution of income growth during periods of economic expansion:
For a long time, most of the gains from economic growth went to the bottom 90% of the income distribution. And, after all, the bottom 90% includes the vast majority of people. Since 1980, that hasn’t been the case. And for the first several years of the current expansion, the bottom 90% saw inflation-adjusted incomes continue to fall.
Source: Pavlina R Tcherneva.
The findings reported in the article below only reinforce my view that education is the single most important factor in moving any society forward, and we are lacking. When it comes to Economics, most people don’t understand the basics – at all. In a society where young people are supposed to be better educated lack a real understanding of how the system works, we have a problem.
Article: Millennials’ Political Views Don’t Make Any Sense
That’s not a harsh assessment. It’s just a fair description.Millennial politics is simple, really. Young people support big government, unless it costs any more money. They’re for smaller government, unless budget cuts scratch a program they’ve heard of. They’d like Washington to fix everything, just so long as it doesn’t run anything. That’s all from a new Reason Foundation poll surveying 2,000 young adults between the ages of 18 and 29. Millennials’ political views are, at best, in a stage of constant metamorphosis and, at worst, “totally incoherent,” as Dylan Matthews puts it. It’s not just the Reason Foundation. In March, Pew came out with a similar survey of Millennial attitudes that offered another smorgasbord of paradoxes:
- Millennials hate the political parties more than everyone else, but they have the highest opinion of Congress.
- Young people are the most likely to be single parents and the least likely to approve of single parenthood.
- Young people voted overwhelmingly for Obama when he promised universal health care, but they oppose his universal health care law as much as the rest of the country … even though they still pledge high support for universal health care. (Like other groups, but more so: They seem allergic to the term Obamacare.)
1. Millennials are more liberal than the rest of the country, particularly on social issues, but they get more economically conservative when they make more money.
Richer Millennials on Redistribution: No, Thanks
2. Millennials don’t know what they’re talking about when it comes to economics.
Young people lean way left on issues like gay marriage, pot, and immigration. On abortion and gun control, they swim closer to the rest of the electorate. But on economics, they’re all over the map. You get the sense, reading the Reason Foundation and Pew studies, that a savvy pollster could trick a young person into supporting basically any economic policy in the world with the right combination of triggers. Conservative and liberal partisans can cherry-pick this survey to paint Millennials as whatever ideology they want. To wit:
- On spending: Conservatives can say: 65 percent of Millennials would like to cut spending. Liberals can say: 62 percent would like to spend more on infrastructure and jobs.
- On taxes: Conservatives can say: 58 percent of Millennials want to cut taxes overall. Liberals can say: 66 percent want to raise taxes on the wealthy.
- On government’s role in our lives: Conservatives can say: 66 percent of Millennials say that “when something is funded by the government, it is usually inefficient and wasteful.” Liberals can say: More than two-thirds think the government should guarantee food, shelter, and a living wage.
- On government size: Conservatives can say: 57 percent want smaller government with fewer services (if you mention the magic word “taxes”). Liberals can say: 54 percent want larger government with more services (if you don’t mention “taxes”).
Socialism or Capitalism?
There is no such thing as a free lunch.