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Why the Economy Is Still Failing Most Americans

Robert Reich Robert Reich blog
It used to be that economic expansions improved the incomes of the bottom 90 percent more than the top 10 percent. But starting with the “Reagan” recovery of 1982 to 1990, the benefits of economic growth during expansions have gone mostly to the top 10 percent. Since the current recovery began in 2009, all economic gains have gone to the top 10 percent.

A Progressive Estate Tax

Sen. Bernie Sanders Huffington Post
A progressive estate tax on multi-millionaires and billionaires is the fairest way to reduce wealth inequality, lower our $17 trillion national debt and raise the resources we need for investments in infrastructure, education and other neglected national priorities.

Making Top Colleges Less Aristocratic and More Meritocratic

Peter Dreier and Richard D. Kahlenberg The New York Times
Colleges and universities, which receive enormous tax benefits to serve the public interest, should be held to a minimum level of effort to enroll and graduate low-income and working-class students eligible for Pell grants. Governments could also provide financial rewards targeted to universities that commit to increasing socioeconomic diversity and that shift their funds from non-need merit grants to students in actual need.

Inequality and the USA: A Nation in Denial?

Sam Pizzigati inequality.org
America’s top central bankers didn’t make time for inequality at their annual hobnob last week. Over in Germany, Nobel Prize winners in economics did. But few Americans noticed.

Friday Nite Videos -- August 22, 2014

Portside
How Economic Inequality Harms Societies. Peter Case -- House Rent Party. The Racial Wealth Gap in America. Guantanamera Around the World. The Racism of the US Criminal Justice System in 10 Charts.

How Economic Inequality Harms Societies

We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart.

The Racial Wealth Gap in America

Though the United States is one of the wealthiest countries, to many Americans this prosperity remains out of reach. Blacks and Hispanics who are striving to make a better life for themselves and their families are not given the same asset building opportunities. Full research here.

The Coming Race War Won’t Be About Race

Kareem Abdul-Jabbar Time
Kareem Abdul Jabar says that Ferguson is not just about systemic racism — it's about class warfare and how America's poor are held back

Tidbits - August 21, 2014

Portside
Reader Comments - We need a special prosecutor ((Cornell William Brooks, NAACP); Ferguson, Racism, Economic Inequality, Michael Brown, Police Militarization; Racism and Misuse of Genetics; Rosetta Comet; Jewish Resources for Resisting Nationalism; Robin Williams; Israel, Gaza and Hamas; NFL's New Low - Asks Performers to Pay to Play at Super Bowl; Today in History - Nat Turner's Rebellion; Tomorrow - Fannie Lou Hamer & the Mississippi Freedom Democratic Party
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