With the 2016 Presidential election bringing renewed attention to rising college costs, UC Berkeley researchers have just released a groundbreaking study on broad and growing financial inequalities in U.S. higher education. Entitled “The Financialization of U.S. Higher Education,” it’s available online here.
When we agreed to help reform the NYPD’s stop and frisk practice in the landmark class action Floyd v. the City of New York, we knew we were taking on a great responsibility.
Same Day Registration is powerful means to reduce the barriers to voting, by making registration and voting a one-stop process that doesn’t depend on navigating confusing pre-election deadlines.
“Super PACs likely encouraged more candidates to get into the 2016 GOP presidential race,” said Jay Goodliffe, a political science professor at Brigham Young University. “Even if their polls were not initially good, or there were other setbacks, the super PAC could help keep them afloat.”
The idea of a property-owning democracy is no longer the reality in the United States. Edward Wolff finds that the wealthiest 10 percent own 90.9 percent of all stocks and mutual funds, 94.3 percent of financial securities but only 26.5 percent of the debt. For the middle class, their home makes up 62.5 percent of their limited wealth.
The idea of a property-owning democracy has long roots in American political thought. In their book, The Citizen's Share, Joseph R. Blasi, Richard B. Freeman and Douglas Kruse argue that the Founding Fathers wanted everyone (well, everyone who was white and male) to own a small slice of property. Both Madison and Washington praised the relatively equal distribution of property in the United States (compared with Europe). Thomas Jefferson wrote, "It is not too soon to provide by every possible means that as few as possible be without a little portion of land.
The 2016 presidential election will be the second since the court's disastrous Citizens United decision and the first without the full protections of the Voting Rights Act in place. That means big donors will have more sway over elected officials to dictate the agenda.
When Bartels compared the policy preferences of the rich and poor to actual policy results (with controls) his results were disturbing. He finds that low-income preferences had virtually no effect on policy outcomes.
Our current voter registration system, which is designed as a voter-initiated or “self-registration” system, creates barriers to registration that do not serve any significant purpose in a democracy. Automatic voter registration is the answer.
The human tragedy of Flint, Michigan is agonizing. Thousands of children have been subjected to lead and other chemical poisoning, not to mention adults, just to save a few dollars in a process driven by raw politics and underlying racism.
The explosion of “dark money” spent in the political system in the United States threatens racial equity in the United States making it harder for Blacks and other minorities to gain a foothold in the middle class and fully participate in the democracy, according to a recent report by Demos, a public policy group.
The Federal Reserve just released the minutes of its December meeting at which the Fed Funds rate was increased, for the first time in years, by 0.25 percentage points. The vote was unanimous, but the minutes show a great deal of concern that lower unemployment rates have not moved inflation from near zero levels.
Sec. Hillary Clinton correctly noted the importance of the next president’s power to appoint Supreme Court justices. On no issue is this more true than on money in politics.