Assorted content for your long weekend reading.
- Jim Buchanan
comments on the mountain of inequality looming over all of our political choices. Laurie Posner
interviews Paul Gorski about the need for a vocabulary which accurately portrays inequality as the result of social conditions rather than merit or culture. And Robert Reich
notes that if anybody can accurately be classified as having done nothing to earn a living, it's the idle rich:
In reality, a large and growing share of the nation’s poor work full
time — sometimes sixty or more hours a week – yet still don’t earn
enough to lift themselves and their families out of poverty.
It’s also commonly believed, especially among Republicans, that the rich deserve their wealth because they work harder than others.
In reality, a large and growing portion of the super-rich have never broken a sweat. Their wealth has been handed to them.
...
The ranks of the working poor are growing because wages at the bottom have dropped,
adjusted for inflation. With increasing numbers of Americans taking
low-paying jobs in retail sales, restaurants, hotels, hospitals,
childcare, elder care, and other personal services, the pay of the
bottom fifth is falling closer to the minimum wage.
...
Bill Clinton’s welfare reform of 1996 pushed the poor off welfare and
into work. Meanwhile, the Earned Income Tax Credit, a wage subsidy, has
emerged as the nation’s largest anti-poverty program. Here, too, having
a job is a prerequisite.
The new work requirements haven’t
reduced the number or percentage of Americans in poverty. They’ve just
moved poor people from being unemployed and impoverished to being
employed and impoverished.
...
At the same time, the ranks of the non-working rich have been
swelling. America’s legendary “self-made” men and women are fast being
replaced by wealthy heirs.
Six of today’s ten wealthiest
Americans are heirs to prominent fortunes. The Walmart heirs alone have
more wealth than the bottom 40 percent of Americans combined.
Americans
who became enormously wealthy over the last three decades are now
busily transferring that wealth to their children and grand children.
The nation is on the cusp of the largest inter-generational transfer of wealth in history. A study from
the Boston College Center on Wealth and Philanthropy projects a total
of $59 trillion passed down to heirs between 2007 and 2061.
As the
French economist Thomas Piketty reminds us, this is the kind of
dynastic wealth that’s kept Europe’s aristocracy going for centuries.
It’s about to become the major source of income for a new American
aristocracy.
- Meanwhile, Erika Shaker
eviscerates the CCCE's demand that post-secondary education be made less accessible - ensuring that the mountain will grow all the more.
- Paul Krugman
discusses the dangers of evaluating policies solely in terms of sales pitches rather than actual outcomes. Toby Sanger
notes
that far too many provinces continue to push austerity which has
approximately zero chance of success on any terms other than the former. And Tyler Clarke
calls out the Saskatchewan Party's big lie about "balanced" budgets which are anything but.
- David Pugliese
exposes Jason Kenney's habit of lying in the interest of selling perpetual war, then pretending somebody else is responsible for his own falsehoods. But fortunately, Nanos
finds that the Canadian public isn't interested in buying the Cons' appeal to fear.
- The National Post
examines just a few of the more glaring flaws in the Cons' terror bill. Alex Neve
asks the Cons to listen to the public's concerns about C-51 (implausible though that may seem). Stuart Trew
observes that the few amendments allowed to the bill reflect the orders of the Cons' central command rather than taking into account a word of any committee review, while Craig Forcese
highlights what we can learn about the Cons' intention from the committee process. And Andrew Mitrovica
offers another look at the gross lack of oversight at CSIS.