Okay, that headline is pure fantasy. I made it up to get your attention.
But gollyyyyyyyyyyy, you would think the champion of equality via higher taxes on the wealthy who actually earn their money would be quite generous with his sweetheart deals. Perhaps I misjudge him, maybe he is one of those generous Americans who write a check to the Treasury to help reduce the federal debt… in any case 🐉
According to a Bloomberg.com (4-16-14 Virginia Postrel), Krugman has been hired as:
a “distinguished professor” at the Graduate Center of the City University of New York, attached to its Luxembourg Income Study Center. He’ll be paid a nine-month salary of $225,000, or what a horrified Gawker writer describes as $25,000 a month or “more than quadruple New York City’s median household income.” He won’t have to teach the first year and will only have a single seminar after that.
“You will not be expected to teach or supervise students,” says an offer letter obtained by Gawker through a freedom-of-information request. “Instead you will be asked to contribute to our build-up of LIS and the inequality initiative and to play a modest role in our public events.”
In other words, they are buying his image good, bad or indifferent. Is that what you call the conscience of a liberal?
It would appear it’s okay to be unequal as long as you do it fighting inequality. I’m fine with that, if you can sell your name and reputation for $25,000 a month, go for it. I hope Mr Krugman can find a way to pay an effective tax-rate under 21% like the President. How about we all become equal with a flat tax of 20%?
QUINNSCOMMENTARY 