Entering CasualSpace… – John Barlow muses about how zero-cost calls (iChatAV) changes things. For me, having presence information is a big plus. Also, I hate making phone calls because it’s so intrusive; dropping an IM seems much better in that regard.

Of course, the presence doesn’t really work that well for me because I’m always signed on w/ multiple computers (still not sure I like AIM’s new routing algorithm), and of course if you’re using iChat, then it does the AIM client thing of popping up incoming messages directly onto your desktop, which is quite intrusive (but at least you can still multitask while that conversation goes on.

(perfect im routing algorithm for me: route based on least idle time, that’d get a message to me 90% of the time; also, cache on server – I should just run my own Jabber server, will be getting hip-deep in that stuff soon anyway)

Linkdump:

  • The Death of Horatio Alger – Paul Krugman writes about income distribution trends and decreasing income mobility in the US

    According to estimates by the economists Thomas Piketty and Emmanuel Saez–confirmed by data from the Congressional Budget Office–between 1973 and 2000 the average real income of the bottom 90 percent of American taxpayers actually fell by 7 percent. Meanwhile, the income of the top 1 percent rose by 148 percent, the income of the top 0.1 percent rose by 343 percent and the income of the top 0.01 percent rose 599 percent. (Those numbers exclude capital gains, so they’re not an artifact of the stock-market bubble.) The distribution of income in the United States has gone right back to Gilded Age levels of inequality.

  • Business Week: Waking Up From The American Dream – editorial that spurred Krugman’s
  • Tour of the US Income Distribution, “The L-Curve” – 99% is about $300K, 99.9% is $1M
  • INEQUALITY.ORG – recent article entitled Homer Gets a Tax Cut which explores why the average American supports really bad financial policy that only benefits the rich:

    What in the end is going on here? Most Americans, Bartels suggests, “support tax cuts not because they are indifferent to economic inequality, but because they largely fail to connect inequality and public policy.”

  • In the Ownership Society, Were All Equal (But Some Are More Equal Than Others)

    Whats the solution? Give everyone access to a 401(k) plan and make it easier to save? Nah. Thats what silly Democrats would say! Since some are more equal than others, the sensible thing is to create a new category of tax-favored accounts with higher contribution limits ($7,500), so that the affluent, who already max out their retirement contributions in 401(k)s, can save more without being taxed. Not only that, they get a bigger break for doing so, because their marginal tax rate is higher. Perfect!

  • What if Bush is a Nixonian Liberal? – interesting analysis of Bush policies
  • EPI: JobWatch – Bush Administrations tax cuts falling short in job creation