November 24, 2017

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Winner-Take-All Politics: How Washington Made the Rich Richer--and Turned Its Back on the Middle Class

Author: Paul Pierson (Author), Jacob S. Hacker (Author)

Purchase: Buy

Description:

How did the widening gap between haves and have-nots - even worse, the haves and have-mores - come about? In the past 30 years, the top one percent have enjoyed 36 percent of all the income growth generated in the U.S. economy. Treating the growing socioeconomic gap like a whodunit, Hacker and Pierson painstakingly detail the gap between the superrich and everyone else. They paint a portrait of a nation that has fallen behind other developed nations in the widening income gap among its citizens. Worse, the wealth gap cannot be explained away by a lack of education or skills. Even among the well educated, a chasm has developed between the middle class and the wealthy. Whodunit? The U.S. government, which details changes in taxation and public policy, particularly regarding the financial markets, which have favored the wealthy at the expense of others over the last 30 years. Finally, they consider the long-term implications of this troubling trend and offer some encouraging signs - health care and financial reform, however anemic - and a growing discontent with the status quo. -Vanessa Bush

View CSRwire commentary about Winner-Take-All Politics here.

 

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