Capitalism, Psychology

The Myth of Meritocracy

Successful people often like to think they made it by virtue of their talents and hard work, choosing to ignore the huge contribution of luck and serendipity.

If you are interested in this topic, The Atlantic has an interesting article, Why Luck Matters More Than You Might Think, which includes a section where the author Michael Lewis describes the chance events that helped him become a famous author. If you are interested in the computer modeling that shows the importance of fortunate events, here is a video called A Shadow on Meritocracy.

Capitalism, Politics

It’s Tax Day!

Or at least it should be Tax Day. But COVID-19, combined with our crazy, complicated system for filing our taxes, has caused Tax Day to be delayed for three months.

A great article about the miserable annual ritual of filing your taxes.

The NPR program from which I got this conversation.

The numbers about hours and dollars come from here.

Here’s an article about the 20-year effort by TurboTax (Intuit) to keep tax filing complicated.