Tag Archives: working class

Meet the new class traitors who are coming out as rich


They are a minority in this country. Their rituals are often secretive. They have their own lingo, etiquette, schools, neighborhoods, and certain places they visit, seasonally. Typically, they partially hide their identities. But in the last five years, some have started to “come out”, not necessarily in pride but simply out of civic-mindedness. What they are revealing is surprising.

Eric Schoenberg is one of them. “I pay a lower tax rate than you do, which is startling,” Schoenberg, 55, told me. To illustrate this problem, Schoenberg posted portions of his returns online. He wanted to show how much he, a […]

Danbury bucks the trend

In a county, state and country marked by growing income inequality, Danbury stands out.

The Hat City is the least unequal of Connecticut cities over 65,000, and ranks just outside the bottom fourth nationwide, according to data recently released by the U.S. Census Bureau. And in contrast to the state and nation, which grew more unequal over the last decade, Danbury has actually grown less so.

The city is not immune to the factors that contribute to growing income inequality, including the erosion of the middle class in recent years. But that process has been slower in Danbury than elsewhere, and […]

The Hoarding of the American Dream


There’s a certain type of financial confessional that has had a way of going viral in the post-recession era. The University of Chicago law professor complaining his family was barely keeping their heads above water on $250,000 a year . This hypothetical family of three in San Francisco making $200,000, enjoying vacations to Maui, and living hand-to-mouth. This real New York couple making six figures and merely “ scraping by .”

In all of these viral posts, denizens of the upper-middle class were attempting to make the case for their middle class-ness. Taxes are expensive. Cities are expensive. Tuition is […]

We know there’s a housing crisis – but why is it so much worse for black families?


Shineade Sey is about to move. After three years in a flat in south-east London, she is selling up and buying a house with her partner. Sey, who is half Jamaican and half Ghanaian, says she is lucky – when her former employer was bought out she got a payment that meant she was able to buy her first home. “Without that, I would probably still be saving now,” she says. While her white friends had already bought by the time she could afford to, she was among the first of her friends of black descent. “Their parents weren’t […]

Steve Mnuchin just tried to bury a number that tells you who Trump’s tax plan is really for

steve mnuchin

Treasury Secretary Steve Mnuchin. AP Photo/J. Scott Applewhite For some reason, Steve Mnuchin didn’t want you to know this.

On Thursday, the Treasury Department took a paper off its website that says "82% of the corporate income tax burden is distributed to capital income and 18% is distributed to labor income," the Wall Street Journal first reported .

In other words, American workers pay for a small chunk of corporate taxes — around 20%. The problem with this for Mnuchin is that he would prefer that you think that number is around 70%.You can see why this would suit President Donald […]

Better education doesn’t correlate strongly to economic mobility (but union membership does)


America’s great stagnation includes a hardening of class divisions, with fewer and fewer poor and working class people raising children who rise to the middle class or even the one percent — a fact that strikes at the heart of the cherished American notion of rags-to-riches meritocracy where you rise to prominence on the basis of your contributions to society, not the accident of your birth.

The establishment consensus is that can be solved with improved access to high-quality education — something that is a good in and of itself, regardless of its effect on class mobility — but the […]

Better education doesn’t correlate strongly to economic mobility (but union membership does)

Better education doesn’t correlate strongly to economic mobility (but union membership does)

America’s great stagnation includes a hardening of class divisions, with fewer and fewer poor and working class people raising children who rise to the middle class or even the one percent — a fact that strikes at the heart of the cherished American notion of rags-to-riches meritocracy where you rise to prominence on the basis of your contributions to society, not the accident of your birth.

The establishment consensus is that can be solved with improved access to high-quality education — something that is a good in and of itself, regardless of its effect on class mobility — but the […]

Socioeconomic mobility in the United States


Illustration from a 1916 advertisement for a vocational school in the back of a US magazine. Education has been seen as a key to socioeconomic mobility, and the advertisement appealed to Americans’ belief in the possibility of self-betterment as well as threatening the consequences of downward mobility in the great income inequality existing during the Industrial Revolution .

Socioeconomic mobility in the United States refers to the upward or downward movement of Americans from one social class or economic level to another, [1] through job changes, inheritance, marriage, connections, tax changes, innovation, illegal activities, hard work, lobbying, luck, health […]

It’s not just opioids: ‘Diseases of despair’ claim a growing number of Minnesotan lives


Minnesota Health Commissioner Dr. Ed Ehlinger says diseases of despair “…are brought on in part by a lack of hope, a lack of opportunity and a lack of paths out of poverty.” This month, the Minnesota Department of Health announced new data on drug overdose deaths. There were 637 such deaths in 2016, about five times the number of overdoses in 2000.

Those are alarming figures, and they have rightfully caught the attention of public health officials. But opioid-driven drug overdose deaths are not the only form of mortality on the rise in Minnesota.

“Minnesotans are suffering from what we’re calling […]

How She Lost


Shattered: Inside Hillary Clinton’s Doomed Campaign
Amie Parnes and Jonathan Allen
Penguin

This article appears in the Fall 2017 issue of The American Prospect magazine. Subscribe here . Hillary Clinton’s tragic 2016 campaign faced withering criticism in the press, social media, and now, in Jonathan Allen and Amie Parnes’s inside account, Shattered . From my vantage point as lead pollster for the Democratic nominees in 1992 and 2000, part of the closing clutch of pollsters in 2004, and invited noodge in 2016, I have little quarrel with the harshest of these criticisms. Malpractice and arrogance contributed mightily […]