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THE CRISIS OF THE MIDDLE-CLASS CONSTITUTION
Why Economic Inequality Threatens Our Republic
By Ganesh Sitaraman
423 pp. Alfred A. Knopf. $28.
President Obama labeled income inequality “the defining challenge of our time.” But why exactly? And why “our time” especially? In part because we now know just how much goes to the very top of the income distribution, and beyond that, we know that recent economic growth, which has been anemic in any case, has accrued mostly to those who were already well-heeled, leaving stagnation or worse for many Americans. But why is this a problem?Why am […]
How much can tax policy curb income inequality growth? Maybe a . www.policyalternatives.ca research â€¢ analysis â€¢ solutions.
The Costs of Inequality and the Role of Taxes: The Case for. Progressive Tax Reform in BC. Seth Klein. Tax Policy and
Income Inequality in the U.S., 1978-2009: A … – IZA Bernie thinks wealth and income inequality is so important, he made thisvideo to . According to the Tax Policy Center, â€œthe benefits of low tax rates on capital … The Federal Tax Code and IncomeInequality Center for American . A Guide to Statistics on Historical Trends in Income Inequality . Document […]
Work hard and you’ll achieve success and have a higher income than your parents. That’s the American dream. Yet thousands of struggling Americans are realizing that determination isn’t always enough, and it’s difficult to get ahead when you’re always behind. Here are five important things to know about economic mobility challenges holding people back. 1. Income inequality is real
You’re not imagining it. Income inequality is widening. While underlying causes are hotly debated, the reality is that income has shifted upward . At the same time, people living in low-income communities and middle neighborhoods can have fewer paths to […]
Image by Paul Downey When influential charity Oxfam published its report, “ An Economy for the 1% ”, it was well timed to coincide with 2017’s January meeting of the world’s rich and powerful at the Swiss ski resort of Davos.
Oxfam’s findings were widely discussed, including in a weekly news magazine aimed at eight to 14-year-olds. Much of this discussion focused on the report’s headline statistics, which told us most strikingly that “since 2015, the richest 1% has owned more wealth than the rest of the planet”. Or that the eight richest men in the world own as much […]
America is commonly called the land of opportunity, a place where if you work hard and do the right thing you’ll be financially secure. This image of America as a beacon for hope and prosperity is not entirely inaccurate, but it does have some major flaws. By teaching that hard work is the main ingredient for a large bank account and overall financial prosperity, it’s also implied that those living in poverty must be lazy. A common refrain from those free of the burden of poverty is that people who are on welfare are leeching off of the system […]
To understand why the region’s widening prosperity gap is leaving black residents behind, look to the racist policies of the past and their repercussions
Years of housing discrimination helped limit African-Americans’ ability to own property and create wealth in Austin. The impact of those policies is still being felt today.
Vonnye Rice-Gardner’s parents didn’t have many options when they wanted to buy their first house.It was the early 1930s, and just a few years earlier the Austin City Council demarcated a new “negro district” in the eastern part of the city. If Friendly and Johnnie Mae Yates Rice wanted access […]
MARCH 13 — At times the Tamil schools are blamed for social ills amongst Indians. While there is a strong correlation between poverty and crime, blaming Tamil schools simply because they are the sanctuary for the poor is a bizarre nexus duped with misconception. Unless the truth of the issue is fully ventilated, such simplistic inferences would continue to haunt the credibility of the Tamil school system.
Firstly, there is zero research indicating that Tamil schools are one of the reasons for gangsterism or crime amongst Indians. Such certainty is founded on all available researches over the last decade on […]
THE PRESIDENT: Thank you. (Applause.) Thank you, everybody. Thank you so much. Please, please have a seat. Thank you so much. Well, thank you, Neera, for the wonderful introduction and sharing a story that resonated with me. There were a lot of parallels in my life and probably resonated with some of you.
Over the past 10 years, the Center for American Progress has done incredible work to shape the debate over expanding opportunity for all Americans. And I could not be more grateful to CAP not only for giving me a lot of good policy ideas, but also giving […]