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The insidious myth of meritocracy belies increasingly insane levels of inequality in the US that prevent even younger generations born into the middle class from achieving “the American Dream,” if by that we mean stable housing, secure employment, and the opportunity to do as well or better than one’s parents.
A new GOP bill, formally entitled the ’Death Tax Repeal Act,’ would enable our super-rich to avoid both income and estate tax on their investment gains.
As more strikes succeed, Kate Bahn, chief economist at the Washington Center for Equitable Growth, says workers are more likely to organize them at their own workplaces.
One after another, four of our best-known billionaires laid waste to the image of benevolent saviors carefully cultivated by their class. It is a commendable sacrifice, because they exist only because we embrace certain myths about them.
Dean Baker
The Center for Economic and Policy Research (CEPR)
Policies that give more money to people at the top are inflationary. If we want to help the working class we have to pursue policies that reverse upward redistribution, not promise the return of manufacturing jobs that no longer offer a wage premium.
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