The Friction Tax
I. The "Winter Coat" Metaphor
- The Hook: Imagine trying to win a swim meet while wearing a heavy wool winter coat.
The Great Extraction: Why None of Us Are Getting Ahead and What to Do About It.
According to the Bureau of Labor Statistics, the bottom 40% of American households take home only 11% of the national income, driving 21% of all national consumer spending— and spending nearly double our share of the national wealth— while relying on compounding debt to bridge the gap.
The Breaking Point
Why working harder stopped adding up: the Friction Tax and the case for a parallel economy.
Featured Flagship Essay
The Great Extraction: Why None of Us Are Getting Ahead and What to Do About It.
According to the Bureau of Labor Statistics, the bottom 40% of American households take home only 11% of the national income, driving 21% of all national consumer spending— and spending nearly double our share of the national wealth— while relying on compounding debt to bridge the gap.
Pillar Articles & Frameworks
The Friction Tax
I. The "Winter Coat" Metaphor
- The Hook: Imagine trying to win a swim meet while wearing a heavy wool winter coat.