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Andrew Tobias

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Mugged by a 90-Year-Old?

November 18, 2019November 18, 2019

Generational theft.  This is several years old, but no less relevant.


Hedge Funder Stan Druckenmiller Wants Every Young Person In America To See These Charts About How They’re Getting Screwed


It doesn’t take long to read the captions of those charts and see we face enormous structural problems . . . seemingly without solution.

But I think there is a solution: namely, the essentially-free energy from the sun, and other coming technological wonders, that could afford everyone a pretty decent life, if only we can find the political skill and good will to “spread the wealth.”

“Clean coal” and eliminating “the death tax” won’t solve this.




College Behind Bars airs on PBS next Monday and Tuesday November 25 and 26.  Ken Burns is the executive producer.  I got a little involved when I found myself  sitting next to a young guy at a birthday celebration 18 months ago.

“What do you do,” I asked.

“I just graduated college,” he said.

“Good for you!” I enthused, thinking to myself, Well, yeah, but he’s not THAT young.

“Where?” I asked, stalling for time.  “Bard,” he said, as it dawned on me that he had probably served in Iraq first.  “Cool,” I said, always having had a high opinion of Bard . . . and then managed to find a tactful way to ascertain his age:

“Thirty-two.”

“Oh!  Were you in the service?”

“No,” he said, “I was in prison.”

We’ve become friends, and Monday you can watch him and two of his incarcerated classmates, in their prison garb, beat the Harvard Debate Team back in 2015.

The growing momentum toward criminal justice reform is wildly overdue.  Mass incarceration — and private prisons, which profit from recidivism — are such terrible ideas.

Watch this doc.  Meet my friend Dyjuan and his classmates.

 

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Quote of the Day

"Guys, just remember: if you get real lucky, if you make a lot of money, if you go out and buy a lot of stuff, it's gonna break. You got your biggest, fanciest mansion in the world. It has air conditioning. It has a pool. Just think of all the pumps that are going to go out. Or go to a yacht basin any place in the world. Nobody is smiling and I'll tell you why: something broke that morning. The generator's out, the microwave oven doesn't work, the cook's gay. Things just don't mean happiness."

Ross Perot to Harvard B-School students, quoted in Forbes

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