As Alice Rivlin notes, tax increases on the rich (which are, in my view, necessary and, in light of recent changes in income, appropriate) are not enough to bring about long-term fiscal balance (the short run is another matter--fiscal tightening at the moment makes no sense to me). So the question is, in the long term, [...]
The word is ugly (can't we come up with something better?), but intriguing. One can go to a web site, and get a "walk score" for any address in the country. Stephanie Yates Rauterkus and Norm Miller have a paper that shows that in Birmingham, Alabama, walk scores in the center of town have a [...]
Dalton gave a very nice talk at USC on Friday, presenting his Center for American Progress paper Wealth Mobility and Volatility in Black and White. The CAP page on the paper summarizes the findings: What family an individual comes from explains about three-quarters of where they end up in the wealth distribution as adults. For African [...]
A light rail line going by USC--the Exposition Line--has been under construction for some time now. For a considerable time, the site featured a sign that said the line would open in 2010. Now the estimates are that it will open some time in 2011 or 2012. At the same time, when I walk by [...]