archive

Inequality is a choice

Fabian T. Pfeffer, Sheldon Danziger, and Robert F. Schoeni (Michigan): Wealth Disparities Before and After the Great Recession. From The Washington Monthly, a special section on opportunity in America. Joseph Stiglitz on how inequality is a choice. Richard Florida on what the shutdown revealed about the economic divides in U.S. politics. The millionaire panhandler: Joe Streckert on separating the facts from the myths surrounding panhandling. What can account for this persistent and unblinking hostility towards poor people? Paul Hiebert on how being poor makes you poor: New research shows how poverty can often be a self-perpetuating trap. Richard Reeves on the Glass-Floor Problem: Until we let affluent children fail, talented lower-income students will be unable to climb the ladder of social mobility. James Surowiecki on the drive for transparency in executive pay. While annual CEO compensation increased by 726.7% between 1978 and 2011, average worker compensation only went up 5.7% during the same time. Michael Kinsley on how Walmart can solve the inequality problem — and it’ll only cost you $12.50 a year. The US has low taxes — so why do people feel ripped off? Why the 1% should pay tax at 80%: The Reagan-Thatcher revolution changed society's beliefs about taxes — if we want economic growth shared fairly, we must rethink. Sam Pizzigati on how a tiny tax on global personal wealth over $1 million could ensure that no child anywhere on the planet has to live in extreme poverty. Glenn Brigaldino interviews John Weeks on the inner workings and traits of our economic system and how it might be saved, from itself and the 1%.