Finance: You’re Doing It Wrong

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How come I have all these credit cards and yet still have no money?!

We Are An Amazing Species, Just Not As Amazing As We Think

Why The Rich Should Pay A Higher Tax Rate‏

Occasionally, in the political discourse, you hear calls for the rich to “pay their fair share”. This discussion quickly gets confused by different interpretations of the word “fair”. It could be that it is “fair” for the rich should pay more, both in absolute terms and as a proportion of their income, because “they can afford to”. Conversely, a flat tax (where everyone pays the same percentage of their income in tax) can also be described as “fair”. In most OECD countries, the tax system is progressive: the more you earn, the more you pay in taxes as a proportion of your income. I believe that this is “fair”, for four interrelated reasons. (more…)

All You Need To Know About Parenting

How Doctors Die

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Years ago, Charlie, a highly respected orthopedist and a mentor of mine, found a lump in his stomach. He had a surgeon explore the area, and the diagnosis was pancreatic cancer. This surgeon was one of the best in the country. He had even invented a new procedure for this exact cancer that could triple a patient’s five-year-survival odds—from 5 percent to 15 percent—albeit with a poor quality of life. Charlie was uninterested. He went home the next day, closed his practice, and never set foot in a hospital again. He focused on spending time with family and feeling as good as possible. Several months later, he died at home. He got no chemotherapy, radiation, or surgical treatment. Medicare didn’t spend much on him.

It’s not a frequent topic of discussion, but doctors die, too. And they don’t die like the rest of us. What’s unusual about them is not how much treatment they get compared to most Americans, but how little. (more…)