income inequality

Pride and Prejudice

Liz Bennett couldn’t marry Darcy. Nor can your daughter.

Summary: America’s social structure changes slowly and unnoticed, taking us to a future with the class system of the past. Jane Austin’s books describe our children’s lives — unless we take back the reins of America. We can do that now. If we wait too long, we won’t be able to do so.  {This is …

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Bumper sticker: inequality

The Fed sounds a red alarm about rising inequality

Summary: The Fed gives us bad news about America. It should be headline news. More important, it should be news that shocks Americans into action. The process can begin with you.   Changes in U.S. Family Finances from 2013 to 2016 Evidence from the Federal Reserve’s Survey of Consumer Finances. From the Federal Reserve Bulletin, …

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Warning: the income gap between races is widening in America

Summary: We begin the Trump years with generations of progress unraveling in the healing of America’s racial divide, with the likelihood of further deterioration quite high. We should understand what’s happening to better prepare for what’s next. A new study looks at the causes of the widening income gap between black and white Americans. It …

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Independence Day at the White House

Why doomster stories are so popular: we want to believe America is doomed

Summary: Yesterday’s post examined widely believed reasons that America will fall, and debunked them. This post discusses why such doomster narratives have become so popular and widely believed. The answer explains much about Campaign 2016. This is follow-up to follow-up to The big list of reasons why America will fall (with rebuttals). It examined “The …

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