Thursday, April 17, 2014

Income Inequality

James Taranto has the latest on the former Enron adviser, Paul Krugman:

Being a "distinguished professor" of economics at the City University of New York is nice work if you can get it. "During year-one," the boss explains in a letter to the new hire, "you will not be expected to teach or supervise students." In subsequent years, "you will teach one seminar per year." In addition, the boss informs the distinguished professor that he "will play a modest role in our public events" and "will be asked to contribute to the buildup" of one of the university's programs.
The pay is $225,000 a year, plus a $10,000 expense budget--and the distinguished prof gets summers off. reports that CUNY's new distinguished professor is none other than former Enron adviser Paul Krugman. The program he'll be helping build up in exchange for this generous compensation is the Luxembourg Income Study Center and particularly its "inequality initiative."
Isn't that rich?

Yes, it turns out lamenting income inequality can be quite a lucrative occupation.

It's fun to watch Democrats search for distractions from their "accomplishments", like Obamacare, the IRS scandal, and Benghazi. It seems like resentment of the rich is their next big thing.

 Of course, rich people lamenting income inequality could actually work. After all, look at how the biggest CO2 spewers on the planet seem to have credibility amongst the Warmists.