Smart Links 08 August 2012

Commentary on getting kids out of house but not home, global rethink on unequal outcomes, Germany and Italy at each other’s throats, celebrating us, and 67 years ago a bomb dropped.

Time to get a place of your own.

Los Angeles Times -- A loving mother's advice: Hit the road, son
I love my son dearly, and I was looking forward to seeing him, but I couldn't face another summer living with him.

Not making unequal outcomes the fuel for equality of opportunity risks losing both. Watch France implode.

Financial Times -- The backlash against the rich has gone global
It is never a great sign when politicians start appealing to taxpayers’ patriotism.

Related.


Tax Research -- Is the era of lower taxes, deregulation and rising inequality over?
Gideon Rachman has an interesting article in the FT this morning. I’ll start with his conclusion, in which he says …


 


Gonzalo Raffo News -- Arthur Laffer: The Real 'Stimulus' Record
In country after country, increased government spending acted more like a depressant than a stimulant.

Punch out time.

Telegraph -- Germany and Italy near blows over euro
German politicians from across the spectrum have reacted furiously to warnings by Italy’s Mario Monti that Bundestag control over EU debt policies threatens to bring about the “disintegration” of the European project.

Playing for home. Thanks to David of London in London.

Daily Mail -- Multiculturalism? Nonsense. The Olympics are a victory for patriotism and common British values
The Olympic Games have brought British patriotism back into fashion: British patriotism in its broadest, most benevolent, most generous form.

Quote worth noting.

“The Union flags now flying all over the country are totems of a shared loyalty that supersedes ancestral ties.

 

Wherever our parents were born, we can be patriotic Britons by signing up to a set of common values.

 

And a pretty decent set of values they are: free speech, parliamentary democracy, jury trials, religious toleration, personal liberty, habeas corpus."

And 67 years ago today the world changed.

Hiroshima Nuclear (atomic) Bomb - USA attack on Japan (1945)

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

Twin Virtues

Ultimately, the most successful societies find the balance between the twin virtues of inequality of outcomes and equality of opportunity.

The new politics must marry the twin virtues of unequal outcomes and equality of opportunity.

When too few get too much everybody loses.

Feminism is about women living their lives on their own terms, marshalling the resources of the society to make that possible, and men embracing this as vital to a successful society and their own liberation.

Can it be that striving for equality of opportunity however imperfect the process not only benefits the individual but also creates benefits for the society that are unintended but wonderful?

Economics must be a 'moral enterprise' as much as politics claims to be. Economic outcomes need to be framed in terms of right and wrong not just efficiency if only because these often align in surprising ways that are good for society and the economy.

My vision of Canada is that any Canadian child from a family of limited circumstance can expect to have a chance at lifetime of unlimited opportunities.

Free trade is a wonderful thing. Time and time again economists have proven that free trade creates enormous wealth for each country 'on the whole'. Historians have shown that free trade is usually associated with rising political, social and cultural liberty. The perennial problem is that free trade always creates tremendous disruption for thousands even millions of individuals often concentrated in one geography, and where the state is idle, not investing in best in class instruments of social justice, free trade can be a permanent ticket out of the middle class, down, not up.

Tax policy should be founded on the principle of generating steady tax revenues sufficient to maximise environmentally sustainable economic growth in order to fund fair government.

Public policy should be designed to decrease inequality before the law and increase equality of opportunity.

Capitalism is not the problem; the problem is what we do with capitalism.

Content is always more difficult to argue than conspiracy.

Let the state regulate and the market operate (most things).

Welfare strategies are best designed as a hand up, not as a hand out.

Political debate should not be fact free fighting.

Explanation lasts longer than eloquence.

Always favour empowerment over dependency.

The most enduring public figures are embraced for the causes they fought for and not the concept of themselves they hoped others would remember them by.

Find your voice and don't be the echo of somebody else.

It is possible to operate on two different levels: the practical, cautious and conservative; and the realm of ideas, open, free, and radical.