Tag Archives: wealth

Dodging the Hard Question on Economic Mobility


A review of Dream Hoarders: How the American Upper Middle Class Is Leaving Everyone Else in the Dust, Why That Is a Problem, and What to Do About It , by Richard V. Reeves. Brookings Institution Press (June 13, 2017) 240 pages.

In an era increasingly defined by arguments about income inequality, any discussion of improving economic mobility is a welcome one. In his recently released book, Dream Hoarders , Brookings Institution Scholar Richard V. Reeves tackles the subject head-on and finds an unlikely culprit for America’s lackluster economic mobility: the upper middle class.

The book is well researched and […]

Inequality Crisis: Blacks and Latinos on the Road to Zero Wealth

Home sale. (photo: AP)

Home sale. (photo: AP)
No savings, investments or home equity. This economic dystopia looms for minority families, and so does a choice: Do we want America to be more like Brazil or Canada? hat would U.S. society be like if a majority of families had no wealth – no savings, no home equity, no investments of any kind?

That is exactly where the country is headed if we continue on our current path toward economic dystopia for black and Latino families.
While we celebrate a modest reduction in poverty rates and an encouraging uptick in median income , as disclosed […]

Economic Nationalism : Sometimes the Angry Mob Has a Point


In the National Review, Darren Beattie wrote a strong, concise defense of economic nationalism . Economic nationalism is the loose definition for proposals that direct the federal government to set trade policies that support American industries and America’s industrial base. These days in the public consciousness, it is closely identified with President Donald Trump & Steve Bannon’s populist rhetoric and supporters, as well as the supporters of Bernie Sanders and other progressive Democrats. This is in stark contrast to the status quo, that’s in favor of “free markets”: slashed or eliminated regulations on multinational corporations and international trade.

The whole […]

This is what happens when Americans are told about rising inequality

The sharp growth in economic inequality — and its visibility as an issue in both the 2012 and 2016 American political campaigns — has led to an important debate about how to respond.

Some in this debate suggest that economic inequality isn’t that important after all. Instead, they argue, it’s economic opportunity that Americans really care about. Americans just want good jobs and the prospect of upward mobility. It’s not so important to them that the gap between the wealthy and everyone else continues to grow. Indeed, some Democratic strategists believe that focusing on inequality could backfire. Our […]

This is what happens when Americans are told about rising inequality


A woman holds a sign as she attends an event in support of New York Mayor Bill de Blasio’s progressive agenda against income inequality outside the Capitol in Washington on May 12, 2015. (Carlos Barria/Reuters) The sharp growth in economic inequality — and its visibility as an issue in both the 2012 and 2016 American political campaigns — has led to an important debate about how to respond.

Some in this debate suggest that economic inequality isn’t that important after all. Instead, they argue, it’s economic opportunity that Americans really care about. Americans just want good jobs and the prospect […]

Inequality crisis: Blacks and Latinos on the road to zero wealth

636408365034009201-housing-prices.JPG

No savings, investments or home equity. This economic dystopia looms for minority families, and so does a choice: Do we want America to be more like Brazil or Canada?

What would U.S. society be like if a majority of families had no wealth – no savings, no home equity, no investments of any kind?

That is exactly where the country is headed if we continue on our current path toward economic dystopia for black and Latino families.While we celebrate a modest reduction in poverty rates and an encouraging uptick in median income , as disclosed in this week’s Census report, […]

Good News, Wages Are Up For The Second Consecutive Year


Since the Great Recession, the ongoing concern has been that the recovery has not been evenly distributed in the aftermath as wages have not kept up with the post-Recession economic growth.

New data out of the Census Bureau may go some distance to quiet those fears, as it seems the wages of workers are catching up with the growth trend.

The recovery, according to the census, may have shifted some in the last 18-24 months — and that shift may be putting more money in the average American working family’s coffers.According to the Census Bureau, median household income jumped for the […]

Download Capitalists Arise!: End Economic Inequality, Grow the Middle Class, Heal the Nation Full Online

After being taken down twice by Blogger within a single week we got the message It’s Time To Go Gates of Vienna has moved to a new address The New World Order by H G Wells free ebook IV  CLASS WAR NOW here it is necessary to make a distinction which is far too frequently ignored A feature length documentary work which will present a case for a needed transition out of the current socioeconomic monetary paradigm which governs the entire world 1 I celebrate myself and sing myself And what I assume you shall assume For every […]

Millennial workers got the biggest pay bump in 2016. Here’s why that helps everyone.

Young households saw more than three times the income gains of everyone else — here’s why that matters. There’s good news for U.S. workers: Real median household income grew to $59,039 in 2016, a 3.2% increase over the previous year, according to the Department of Commerce’s latest Census figures released Tuesday.

This is the second consecutive annual increase in income, a sign that typically indicates a burgeoning economy, though department officials reiterated on a conference call that a change to the Census questionnaire in 2013 makes historical comparisons difficult. However, the report did detail other wins for American workers, particularly […]

In U.S. News rankings, Washington colleges stay steady, but critics raise more questions about list’s criteria

In this year’s issue, U.S. News ranked UW Seattle 56th among all national universities, a slight drop from last year’s ranking of 54.  (Ellen M. Banner/The Seattle Times)

In this year’s issue, U.S. News ranked UW Seattle 56th among all national universities, a slight drop from last year’s ranking of 54. (Ellen M. Banner/The Seattle Times) Washington’s public and private colleges and universities were rated about the same this year as last in the nation’s most-watched set of college rankings. But new criticism of those rankings may make prospective college students think twice about what they mean.

The national news website Politico on Monday published an investigative report suggesting U.S. News & World Report’s rankings promote inequality on campus. Politico argued that U.S. News rankings create incentives for […]