So says I dip#### author. What a fool. Now working hard, saving, making good life choices is somehow making it difficult for those that drop out of school, get pregnant at an early age, do illegal drugs, make poor choices and commit crimes to get ahead.
so much privilege
Raise your hand if you came from nothing, had no trust fund, followed the rules, worked and studied hard and made something of yourself.
In a new book, a Brookings scholar examines how the upper-middle class has enriched itself and harmed economic mobility.
[FONT="]The higher you go up the income or wealth distribution, the bigger the gains made in the past three or four decades. Still, the top quintile of earners—those making more than roughly $112,000 a year—have been big beneficiaries of the country’s growth. To make matters worse, this group of Americans engages in a variety of practices that don’t just help their families, but harm the other 80 percent of Americans.
[/FONT][FONT="]The book traces the way that the upper-middle class has pulled away from the middle class and the poor on five dimensions: income and wealth, educational attainment, family structure, geography, and health and longevity.
[/FONT][FONT="]They then pass those advantages onto their children, with parents placing a “glass floor” under their kids. They ensure they grow up in nice zip codes, provide social connections that make a difference when entering the labor force, help with internships, aid with tuition and home-buying, and schmooze with college admissions officers. All the while, they support policies and practices that protect their economic position and prevent poorer kids from climbing the income [/FONT]ladder[FONT="]: legacy admissions, the preferential tax treatment of investment income, 529 college savings plans, exclusionary zoning, occupational licensing, and restrictions on the immigration of white-collar professionals. [/FONT]
so much privilege
Raise your hand if you came from nothing, had no trust fund, followed the rules, worked and studied hard and made something of yourself.