This link has been bookmarked by 201 people . It was first bookmarked on 16 May 2018, by someone privately.
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10 Feb 21
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15 Aug 19
Francois GuiteThe class divide is already toxic, and is fast becoming unbridgeable. You’re probably part of the problem.
United States economy inequality rich statistics demographics capitalism critique election
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26 Feb 19
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We are mostly not like those flamboyant political manipulators from the 0.1 percent. We’re a well-behaved, flannel-suited crowd of lawyers, doctors, dentists, mid-level investment bankers, M.B.A.s with opaque job titles, and assorted other professionals—the kind of people you might invite to dinner. In fact, we’re so self-effacing, we deny our own existence. We keep insisting that we’re “middle class.”
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it took $1.2 million in net worth to make it into the 9.9 percent
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According to a Pew Research Center analysis, African Americans represent 1.9 percent of the top 10th of households in wealth; Hispanics, 2.4 percent; and all other minorities, including Asian and multiracial individuals, 8.8 percent—even though those groups together account for 35 percent of the total population.
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We have left the 90 percent in the dust—and we’ve been quietly tossing down roadblocks behind us to make sure that they never catch up.
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Across countries, the higher the inequality, the higher the IGE
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It’s one of the delusions of our meritocratic class, however, to assume that if our actions are individually blameless, then the sum of our actions will be good for society.
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Obesity, diabetes, heart disease, kidney disease, and liver disease are all two to three times more common in individuals who have a family income of less than $35,000 than in those who have a family income greater than $100,000.
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Inequality necessarily entrenches itself through other, nonfinancial, intrinsically invidious forms of wealth and power.
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In 1985, 54 percent of students at the 250 most selective colleges came from families in the bottom three quartiles of the income distribution. A similar review of the class of 2010 put that figure at just 33 percent. According to a 2017 study, 38 elite colleges—among them five of the Ivies—had more students from the top 1 percent than from the bottom 60 percent.
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we tell ourselves, the rising education premium is a direct function of the rising value of meritorious people in a modern economy. That is, not only do the meritorious get ahead, but the rewards we receive are in direct proportion to our merit.
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In our unbalanced system, however, education has been reduced to a private good, justifiable only by the increments in graduates’ paychecks.
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The poorest quintile of Americans pays more than twice the rate of state taxes as the top 1 percent does, and about half again what the top 10 percent pays.
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17 Jan 19
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09 Jan 19
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18 Nov 18
nickkennedyNote the video midway through the article, which could be appropriate for class viewing.
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18 Sep 18
sunil-joglekar"The class divide is already toxic, and is fast becoming unbridgeable. You’re probably part of the problem.
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17 Sep 18
Bill Fulkerson"The meritocratic class has mastered the old trick of consolidating wealth and passing privilege along at the expense of other people’s children."
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02 Sep 18
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04 Jul 18
Muzaffaruddin Alvivia All News on 'The Twitter Times: Muzaffar69/corpgov' http://bit.ly/1Sto0U9
#CorpGov All News on 'The Twitter Times: Muzaffar69_corpgov'
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18 Jun 18
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25 May 18
Jon Tanner"education—the thing itself, not the degree—is always good. A genuine education opens minds and makes good citizens. It ought to be pursued for the sake of society. In our unbalanced system, however, education has been reduced to a private good, justifiable only by the increments in graduates’ paychecks. Instead of uniting and enriching us, it divides and impoverishes. "
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jose muriloThis article blew my mind and you should read it. The new aristocracy is real as is Gilded Age 2.0 https://t.co/SPsqGmEqJ1
Long but fascinating read: the role of the 9.9% in perpetuating growing #inequality in America. Similar stories in many developing countries?
https://t.co/1sLOsUEmZ9 -
24 May 18
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23 May 18
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Beth Librarian(4/4) “We should be fighting for opportunities for other people’s children as if the future of our own children depended on it. It probably does.” @vted @vtpoli
https://t.co/dAqdtrti3J -
22 May 18
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Meg Allison(1/4) @vted Food to provoke thought.
Mathew Stewart references Miles Corak's Great Gatsby Curve
https://t.co/dAqdtrti3J https://t.co/WEnpnuEUiM
(4/4) “We should be fighting for opportunities for other people’s children as if the future of our own children depended on it. It probably does.” @vted @vtpoli
https://t.co/dAqdtrti3J
Everyone needs to read this @TheAtlantic piece by #matthewsteward The Birth of the New American Aristocracy - The Atlantic https://t.co/q5BzqVW6tb -
21 May 18
sachsweb
The class divide is already toxic, and is fast becoming unbridgeable. You’re probably part of the problem. -
Áine MacDermotSure you've heard of the 1 percent, but what about the 9.9 percent? A lengthy and worthwhile #mustread in @TheAtlantic on the outsized influence of those between the ultra-wealthy and the rest of America.https://t.co/ozFIbYBnSN
Maybe....we're just not a developed country anymore? https://t.co/Sf0Ma3yg81 https://t.co/G1eb5bElAS -
Paul BastaA must read. Superb essay on how the top 9.9% of society has created a meritocracy which is only open to them and their children. A long piece that brilliantly weaves together the author’s own family story & a comprehensive analysis of social mobility
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20 May 18
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Great-Grandfather, Colonel Robert W. Stewart, a Rough Rider with Teddy Roosevelt who made his fortune as the chairman of Standard Oil of Indiana in the 1920s.
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9.9 percent. We’ve dropped the old dress codes, put our faith in facts, and are (somewhat) more varied in skin tone and ethnicity.
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the 160,000 or so households in that group held 22 percent of America’s wealth in 2012, up from 10 percent in 1963. If you’re looking for the kind of money that can buy elections, you’ll find it inside the top 0.1 percent alone.
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Lyn HiltOut of more than 5k public elementary schools in California, the top 11 are located in Palo Alto. They’re free and open to the public. All you have to do is move into a town where the median home value is $3,211,100 https://t.co/aiCBe1wMo3
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19 May 18
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gthaberlachAccording to exit polls by CNN and Pew, Trump won white voters by about 20 percent. But these weren’t just any old whites (though they were old, too). The first thing to know about the substantial majority of them is that they weren’t the winners in the new economy. To be sure, for the most part they weren’t poor either. But they did have reason to feel judged by the market—and found wanting. The counties that supported Hillary Clinton represented an astonishing 64 percent of the GDP, while Trump counties accounted for a mere 36 percent. Aaron Terrazas, a senior economist at Zillow, found that the median home value in Clinton counties was $250,000, while the median in Trump counties was $154,000. When you adjust for inflation, Clinton counties enjoyed real-estate price appreciation of 27 percent from January 2000 to October 2016; Trump counties got only a 6 percent bump.
The residents of Trump country were also the losers in the war on human health. According to Shannon Monnat, an associate professor of sociology at Syracuse, the Rust Belt counties that put the anti-government-health-care candidate over the top were those that lost the most people in recent years to deaths of despair—those due to alcohol, drugs, and suicide. To make all of America as great as Trump country, you would have to torch about a quarter of total GDP, wipe a similar proportion of the nation’s housing stock into the sea, and lose a few years in life expectancy. -
18 May 18
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Lun EsexGiven the subject matter, the editorial pre-apology is both surprising and puzzling. https://t.co/9SQg9S9BLJ
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17 May 18
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Jelmer EversThe Birth of a New American Aristocracy https://t.co/2Ruesg0LgW
"We are the people of good family, good health, good schools, good neighborhoods, and good jobs. " - The Birth of the New American Aristocracy - The Atlantic https://t.co/s0ObFRlas4
This piece is going to stay with me for a long time. https://t.co/KxJjSEgZqC -
16 May 18
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