Higher taxes on the rich actually wouldn’t lower inequality that much

Up isn’t down, black isn’t white, and higher taxes on the rich don’t do nothing about inequality. The question, though, isn’t whether they do anything — it’s how much they actually do. The answer might be less than you think. That, at least, is what William Gale, Melissa Kearney and Peter Orszag found when they simulated what […]

Why Hasn’t Democracy Slowed Rising Inequality?

During the past two generations, democratic forms have coexisted with massive increases in economic inequality in the United States and many other advanced democracies. Moreover, these new inequalities have primarily benefited the top 1 percent and even the top .01 percent. These groups seem sufficiently small that economic inequality could be held in check by […]

High Quality Child Care Is Out of Reach for Working Families

In recent decades most Americans have endured stagnant hourly pay, despite significant economy-wide income growth (Bivens and Mishel 2015). In essence, only a fraction of overall economic growth is trickling down to typical households. There is no silver bullet for ensuring ordinary Americans share in the country’s prosperity; instead, it will take a range of […]

‘How the Other Half Banks,’ by Mehrsa Baradaran

In 1890 the journalist Jacob Riis published “How the Other Half Lives,” a powerful indictment of the horrific tenements of New York that gave rise to a significant housing reform movement. Mehrsa Baradaran, a University of Georgia law professor, reaches for a similar impact in her description of the oppressive financial environment that low-income families […]