Australian Attitudes Towards Wealth Inequality and Progressive . 25 Jul 2015 . This article reviews and analyses the evidence on the distribution of income and wealth in Australia since the 1960s. A number of scholars … Inequality in Australia: A nation divided – Australian Council of Social . 22 May 2015 . Aussie income equality better than the US and UK, but a lot worse than most of Europe. Photo: Photo: Shutterstock. Australia is a lot less equal … Rich getting richer, wealth gap increasing: ACOSS report – ABC . 22 Jun 2015 . More than one-third of Australia […]
Tax preferences are an important policy tool, totaling $1.2 trillion each year. Through the tax system, the federal government promotes homeownership, college attendance, retirement savings, and health insurance. However, these tax preferences are “upside down,” directing most of the relief to high-income households and those whose income comes from wealth rather than earnings. Even those who receive these subsidies often don’t see themselves as benefitting from government help.
Since 1970, tax policy has become less progressive, contributing to sharp increases in income inequality , which is at its highest level since the Great Depression. This has been linked to increased […]
A new national study on how colleges shape students’ prospects of upward economic mobility indicates that graduates of East Central Community College in Decatur are getting a high return on their tuition investment over their lifetimes.
The study, “Mobility Report Cards: The Role of Colleges in Intergenerational Mobility,” was conducted by the Equality of Opportunity Project and analyzed the role of colleges in upward income mobility by developing mobility report cards for each two-year and four-year college in the United States The mobility report cards estimate students’ earnings in their early 30s and their parents’ income. The study used publicly […]
I’m publishing seven days of links to web material about Thomas Piketty and his book, Capital in the Twenty-first Century . Piketty generally has been praised for the sheer depth of his research, and criticized for failing to offer a solution to the problem of inequality apart from a global tax on wealth, which strikes most observers as unlikely.
We continue with a consideration of another book, this one about inequality’s potential threat to our system of government. It’s Not Just Unfair: Inequality Is a Threat to Our Governance , by Angus Deaton ( New York Times ) […]
Photo by Brett Carlsen/Getty Images It has been snowed over by the rallying stock market and the cascade of controversies in the early months of the Trump administration, but the 2016 election revealed a deep economic and geographic divide in America. That divide remains critical — though not sufficient — to understanding both Donald Trump’s victory in that election and the policy debates that have defined his presidency so far.
Trump’s victory over Hillary Clinton was fueled by a growing Republican dominance in rural areas , as NPR’s Danielle Kurtzleben wrote last fall. Those areas have been left behind by […]
The New York Times has published a series of articles1 leveraging data produced by The Equality of
Opportunity Project â€“ a collaboration among researchers at UC Berkeley, Brown, Stanford and the USTreasury. This study sought to determine which colleges contributed most toward helping their studentsclimb the income ladder. The researchers defined economic mobility as graduates moving over timefrom a lower rung in the income distribution to a higher one. As shown in Table 1, for children born in1980, if their family was earning $25,300 or less, that would put them in the bottom one-fifth of theincome distribution. At age 34, […]
The facts are clear: a college education strongly affects whether Americans can make the climb up the income ladder. Data covering the last four decades show that adults who have degrees from two-year or four-year colleges have far higher family incomes than do adults who have only a high school degree or are high school dropouts. Further, income has grown steadily over time for those with college degrees while remaining stagnant or declining for those with a high school education or less. Previous Economic Mobility Project findings showed that adult children from poor and low-income families who […]
Too much urban growth is fueled by retirees, not scrappy citizens seeking a better future.
(Photo: Jessica Brandi Lifland, for USA TODAY) Americans instinctively know that sometimes, in order to move up, you have to move out. And moving from one place to another has long been a key element of upward mobility in the nation. Until now.
Today, few cities in the country combine economic dynamism with affordability. New trends, meanwhile, demonstrate that while some people are still moving, their reasons aren’t what they used to be.Throughout history, brave citizens have left the familiar behind for a new home […]
It is a common promise made to the next generation. “If you work hard, and do the right thing, you will be able to get on in life.” I believe that it is a promise that we have no capacity to fulfil. And that’s because its underlying assumptions must be revisited.
Imagine a life living in quads. You attend a highly prestigious school in which you dash from one quad to the next for your classes. You then continue on to yet another prestigious institution for your tertiary education, say Oxford or Cambridge University, and yet more quads with manicured […]
Apple To make it in America, you have to hustle. Fast-food worker or CEO, Uber driver or student, you have to stay connected in an economy built on the assumption that anyone is always reachable anywhere. In 2017, that means you need a smartphone.
When Apple released the iPhone in 2007, the world understood it as a gadget, a novelty, a cool thing you plunked down a handful of cash for if you were lucky enough to have the money. Then you just needed to figure out what to do with it. At first the answer was: play games and […]