Krugman: Have You Left No Sense Of Decency?

[ProSense]

Have You Left No Sense Of Decency?

Let me recommend, once again, Brad DeLong’s superb discussion of how it is that people at the 99th percentile, despite making twice what their counterparts made in 1980, feel poorer now than they did then. On reflection, however (and discussion with Robin), it seems to me that there’s something Brad didn’t say that’s worth mentioning — the change in social norms.

Even in 1980, there were surely many people at or near the 99th percentile who felt sorry for themselves, at least some of the time. It happens to everyone, after all: I lead a very privileged life (yes, I’m well into the range that will pay higher taxes under the Obama plan), yet even now I find myself experiencing occasional flashes of green-eyed envy. (What? You’re driving me back to the airport in Sao Paulo, in all that traffic? Don’t I rate a helicopter?)

But 30 years ago people with high but not super-high incomes generally felt ashamed of themselves for griping — or at least, felt that they would be ridiculed if they gave voice to their gripes. Today, all restraints are off. The fuss over Messrs. Henderson and Stein is the exception that proves the rule: they wouldn’t be providing this spectacle if they didn’t normally swim in social circles where complaining that you only have 9 or 10 times median family income is considered totally acceptable.

Pretty soon, we’ll be having serious, completely un-self-conscious discussions in major magazines about the servant problem.

Krugman on Ben Stein: Estate Of Confusion

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So either Ben Stein inherited several million dollars — which, although this may be news to him, is not the experience of most Americans — or he’s just making stuff up.

[renate]

1. along those lines, there's this, which for some reason I don't see elsewhere on DU

I never have figured out how to use the search thingy effectively. Anyway, here's the link to his excellent NYT column:

http://www.nytimes.com/2010/09/20/opinion/20krugman.html

Oops. As soon as I wrote that, I found this:
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x448152
which I would joyfully give up a year's worth of rec's for.

[ProSense]

2. That's a great piece by Krugman

And among the undeniably rich, a belligerent sense of entitlement has taken hold: it’s their money, and they have the right to keep it. “Taxes are what we pay for civilized society,” said Oliver Wendell Holmes — but that was a long time ago.

[Mimosa]

3. Great post and links! n/t

[11 Bravo]

4. Two great reads! Thanks for the time and effort in linking them.

K&R