April 2014 Enews

CAMPUS HIGHLIGHT…GREAT NEW VIDEO…IDEA OF THE MONTH…MONEY ON MY MIND…"FAIR ELECTIONS"...QUOTES OF THE MONTH…FACTS YOU CAN USE CAMPUS HIGHLIGHT: RUSSELL SAGE COLLEGE Russell Sage College became an official Democracy Matters chapter in January, but already they have become an important part of our movement. Sage DM students have joined large rallies and lobbying at the NY State Capital for Fair Elections. At the rally pictured to the left, DMer Tori Bunk, representing young women, addressed a cheering crowd of hundreds of women. She said, "We are students who strongly support public financing and Fair Elections because it will encourage young women to run for office and compete in campaigns. It will push back the cynicism that New York youth feel toward our government." Democracy Matters at Sage also published articles in their newspaper, hosted ... Read More

The SuperRich…and the Rest of Us

The growth in income inequality in the United States since the 1980s stems from two different sources. The first is that the incomes of typical households have stagnated. The other is that the incomes at the very top of the income distribution have skyrocketed. Both sources will have to be corrected if the gap between the superrich and everyone else is to be narrowed. In his very important new book, Capital in the Twenty-First Century (Harvard University Press, 2014) Thomas Piketty does not take up the fact that between 1986 and 2012 household income increased by a dismal 2.5 percent, from $49,764 to $51,017 (U.S. Bureau of the Census). Instead, he focuses on what happened to the second determinant of increased income inequality - what was occurring at the top. For while there was next to no growth in median household income since the early 1980s, “those making more than $500,000 ... Read More