Book Review: The Conservative Nanny State [How the Wealthy Use the Government to Stay Rich and Get Richer]
As most of you know I like reading about the economy and finacial policies and how they affect my investments. I just finished reading The Conservative Nanny State by economist Dean Baker.
Its a great book and a very easy read. Not as fun to read as Freakonomics : A Rogue Economist Explores the Hidden Side of Everything, but still extremely fascinating nonetheless.
Dean Baker explains how the wealthy are influencing government policy to make sure that money flows upstream from the poor to the rich. Not only that, but even policies that seem like they’re designed to help protect the poor and middle class are actually designed to help rich corporations instead. He touches a variety of topics from illegal immigration to patents and tort reform, and even how CEOs are grossly overpaid. I finished it in 2 hrs and I couldn’t put it down. He even has solutions, not that I believe anything will change but I strongly recommend it.
And its even FREE!! Just download it in PDF format.
If you found this post helpful, consider donating to my coffee fund!![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
- Are Stocks A Better Investment Than Real Estate? According to this article in Money Magazine, stocks are a better investment, based on a study taking in account the years 1978 to 2004.While there are some valid points favoring stocks over real estate, I think it was a one sided arguement.Why choose a period where the stock market did......
- Corporate Credit Cards and how it helps the Real Estate Investor I recently applied for the American Express Small Business Rewards Credit Card in the name of my Corporation. I filled out an online form in 5 minutes.3 days later someone called me up and verified the information and told me I was approved for a $5k limit card. I already......
- So Who's Really Bailing Out The Financial Industry? I started writing this post on Sunday but never got a chance to finish it. (On the other hand my first 3 days of the UCLA MBA program have been AWESOME!) IÂ know there's been a lot of commotion in the stock market over the past few days and the......
Related Websites
- Obama vs. the Banks: The Pressure Intensifies [/caption] By Massimo Calabresi Sunday, Dec. 13, 2009 Time Magazine Beating on Wall Street makes political sense these days. The public is furious that big banks and Wall Street firms are once again making pots of money while Main Street suffers through 10% unemployment. With year-end bonuses soon to be......
- Health Care Cost Comparison Shopping Do you like to comparison shop? Do you want to know if the price you are being quoted for a service is reasonable under the circumstances? I do, and that also applies to health care costs. This is a particular concern when I want or need a healthcare service that......
- Structural Insulated Panels Help Contractors Meet Challenges of Difficult Building Environments Most construction professionals are familiar with the "Project Management Triangle," a concept that ties cost, schedule, scope and quality together. Impact any of these project elements, and you impact the others. Academics frequently present the triangle as an inflexible set of constraints. Nonsense.Under any given construction practices, the Project......
[All content is copyright of Living Off Dividends & Passive Income]
August 5th, 2006 at 4:12 pm
Ironically, this type of behavior is exactly what leads to the development of socialist states. The recent nationalization of energy concerns by Bolivia and Venenzuela are good examples. Ultimately, socialism is likely to hit the US as 83 million people retire over the next decade and don’t have enough money to live on. Their huge voting power will strip wealth from the top and distribute it to the bottom. It will happen with a movement to elect left leaning candidates in office in 2008 and 2012. Watch for it.