The greater the income gap, the more important it becomes for rich parents to give their children every possible advantage. Increasing inequality thus accentuates elites’ reluctance to pay taxes that could equalize opportunity. Their own children just may have the most to lose.
Researchers across academic disciplines have raised concerns over the dwindling government support available for basic and applied research. This lack of concern for investing in our future, like our disinclination to maintain our basic infrastructure, signals a nation in decline.
The more income and wealth concentrate at our global economic summit, the greater the strain on our increasingly fragile biosphere. Environmentalists the world over, analysts and activists alike, get that connection. Now our societies must. Or suffer the consequences.
Teenagers are learning lessons — about inequality — on America’s high school gridirons. When are their elders going to catch on?
The foreclosure epidemic illustrates a problem far larger and more pervasive than current banking practices: America’s growing power imbalance. In our deeply unbalanced economic world, we need to rethink policies that operate to penalize the powerless and reward the predatory.
If we want to solve the most pressing issues of our time, we need to change our national political discourse from one that focuses solely on competition, the market, and the individual, to one that focuses on the value of community, civil society, and the public good.
Wealth’s current tilt to the top sometimes seems almost eternal. But can our mature market economies ‘self-correct’? A provocative new paper out of the OECD, the developed world’s official economic research agency, contemplates our tomorrow if we let current trends play out.
Among developed nations, America ranks number one in child poverty. The cause? Many powerful elected leaders point to unmarried mothers. But the research doesn’t back them up. Look instead, that research suggests, to an unequal economy loaded with low-wage jobs.
Deep in the heart of Texas, still another billionaire is scheming to make public education a rewarding business investment opportunity.
In urban hotspots like New York, the slender luxury towers of the global super rich are assaulting the sky. Inequality is literally blocking out the sun.