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Class Ceilings

Allison L. Hurst Working Class Perspectives
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.

This Week, Billionaires Made a Strong Case for Abolishing Themselves

Anand Giridharadas New York Times
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.

Structuring the Economy To Give Money to the Rich Is Inflationary

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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