322 karma · joined January 29, 2011
The course includes video lectures and a Q&A feature. I have not taken the course, but I really liked the first edition book.
I use this illustration to show that as long as one official or group gets to continue in power, they don't have incentive to do right by everyone; rather, they are incentivized to do well to only a slim majority.
The short-term problem this article presents is that our country's budget crisis demands a surplus contribution from the wealthy. For argument's sake, I'll admit it does.
The understated, long-term problem is that elected officials are personally motivated to spend their political power on getting re-elected, which only requires making a little more than half of their constituents satisfied.
My suggestion would be to stop allowing anyone to be re-elected. Once they know that their decisions don't have to be popular, they're free to make decisions that help long-term, even at short-term discomfort or dissatisfaction. There are obvious problems (how this reflects on their party, for example), but I think that there's a solution embedded in this line of reasoning.