BRYAN CAPLAN
May 7, 2013
Keynesian Bets: What's Out There
May 6, 2013
Keynesian Bets Bleg
May 6, 2013
The Pyramid of Macroeconomic Insight and Virtue
May 2, 2013
A Natalist Provision
May 1, 2013
I Was a Teenage Misanthrope
DAVID HENDERSON
May 5, 2013
John Thacker on Vaccinations and the Sequester
May 3, 2013
Chef Rudy's Virtues Project
May 2, 2013
My take on Reinhart and Rogoff
May 1, 2013
Medicare Kills a Program


Mencken predicted as much in 1918:
And when some accident purges her, either temporarily or permanently, of the inclination to marriage..., and she enters into competition with men in the general business of the world, the sort of career that she commonly carves out offers additional evidence of her mental peculiarity. In whatever calls for no more than an invariable technic and a feeble chicanery she usually fails; in whatever calls for independent thought and resourcefulness she usually succeeds. Thus she is almost always a failure as a lawyer, for the law requires only an armament of hollow phrases and stereotyped formulae, and a mental habit which puts these phantasms above sense, truth and justice; and she is almost always a failure in business, for business, in the main, is so foul a compound of trivialities and rogueries that her sense of intellectual integrity revolts against it. But she is usually a success as a sick-nurse, for that profession requires ingenuity, quick comprehension, courage in the face of novel and disconcerting situations, and above all, a capacity for penetrating and dominating character; and whenever she comes into competition with men in the arts, particularly on those secondary planes where simple nimbleness of mind is unaided by the masterstrokes of genius, she holds her own invariably. The best and most intellectual–i.e., most original and enterprising play-actors are not men, but women, and so are the best teachers and blackmailers, and a fair share of the best writers, and public functionaries, and executants of music. In the demimonde one will find enough acumen and daring, and enough resilience in the face of special difficulties, to put the equipment of any exclusively male profession to shame. If the work of the average man required half the mental agility and readiness of resource of the work of the average prostitute, the average man would be constantly on the verge of starvation.
Peck analysis has some interesting stats and comments, but he gets back to that same old socialist solution: Tax the rich. By that he means not the wealthy, but those of us who earn a high income for 1 or 2 decades. Average our incomes over our entire adult lifetime and the we "rich" won't look so rich anymore.