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May 14, 2023 · Because so many rich people benefit from it. This is the thesis of the lauded sociologist Matthew Desmond’s new book, Poverty, by America. The best seller is at once a careful exploration of ...
- Financial Crisis Heightened Inequality
- Protect The Social Safety Net
- Who Is Going to Pay?
He says the 2008 financial crisis helped bring income inequality into sharp relief. “At the high end, it’s a very small number of people who have been scoring very big. In the financial sector, the bankers, in the technology sector, in the energy sector,” he said. Those people seemed not to be affected by the economic downturn that resulted from th...
Galbraith does not believe globalization is a big factor in growing inequality. He says people should turn their eyes close to home, demanding fair tax codes and a stronger social safety net. “We have good systems – they need to be protected and expanded, not cut – it’s under constant threat,” he said. Larry Summers, who was Secretary of the Treasu...
Summers said he believes that in the U.S. the constant push for tax cuts and the erosion of union bargaining rights has led to greater income inequality. “In many countries especially in U.S., those with more money get one formal vote, but they’re able to get more through the influence they have in campaign finance and in other ways. When the rich ...
The line about how the poor are poor because "of family breakdown, low skills, destructive personal habits and plain bad luck" seems just a wee bit harsh. But the author does have a few ...
Feb 8, 2016 · “Smart poor kids are less likely to graduate from college now than dumb rich kids. That’s not because of the schools, that’s because of all the advantages that are available to rich kids.” Theda Skocpol, Victor S. Thomas Professor of Government and Sociology in Harvard’s Faculty of Arts and Sciences.
- Harvardgazette
Sep 5, 2018 · For those whose skills don’t fit, it can mean financial struggle — and it’s the job of the most successful and the government in a market economy to do something about that, he said. “We ...
Mar 24, 2021 · Breaking out of the poverty trap is difficult of course, but one of the key factors that have been observed in both rich and poor countries, is investment in education and other human capital. Unfortunately in many of the countries that have seen the greatest rise in inequality in the last few decades, the government's spending on human capital (health, education, etc) has declined very often ...
Mar 2, 2020 · Nearly two-thirds of U.S. adults (65%) say the main reason some people are rich is because they have had more advantages in life than most other people; far fewer say it is because they have worked harder than others (33%). An even larger majority (71%) says people are poor because they have faced more obstacles in life.
