The Grasshopper and the Ant, or the Beautiful and the Damned? Why We Have What We Have, and How Government Should Take What it Needs for Charity
This essay examines the roles of luck and hard work in determining lifetime earnings, and summarizes research showing that at least half of what we earn is explained by the "birth accidents" of gender, genes and parents. The implication for tax policy is that a sharply progressive income tax--a "Fortune Tax"--passes the tests for both fairness and efficiency. (18,000 words, 18 charts)Three different short stories, all with a wizard theme.Wilfred the Wizard and the Big Exam The day of Wilfred’s wizard exam has arrived but he is so nervous he pours milk on his toast, puts butter in his tea and then tea in his jam! But what about Wanda and her Witchy Warehouse? Will she spoil the day?The Olde Shoe Shoppe A shoe shop that never seems to sell any shoes? There must be a reason...when people try on the shoes, they find they don't fit. No matter what size they try. No matter how many sizes too big they try; the shoes are always the wrong size! But this is only half the reason... Peta and her Missing ParentsPeta's parents went on holiday but didn't come back! Did their plane really crash land on a very tiny desert island, somewhere in the middle of nowhere? Is it all her uncle’s fault? And what about her friend Marcie?