It Is All About Money

It Is All About Money

Food for thought …. Scholars debate whether income or inheritance is cause of racial wealth gap …. don’t forget segregated housing begets segregated education …. and second-rate jobs …. new twist on boot straps theory as in pull yourself up, up, up …. only problem with good education is debt, debt, debt …. The Great Recession meant loss of homes for people of color …. and 20 years of wealth lost …. the new Guv says no smoking as in prevent forest fires …. hope CARB gets the message ….

Economic Inequality: What It Is and How It Impacts You

By Susannah Snider [March 21, 2019]

It’s nearly impossible to read the news these days without running across mentions of economic inequality.

In recent months, politicians have debated the merits of raising marginal tax rates on the wealthy, a move proponents say could reduce economic inequalities. Likewise, economic inequality takes center stage when columnists discuss the extreme riches of some of today’s business owners, like Jeff Bezos, who could purchase every home in Austin, Texas, according to real estate brokerage Redfin. 

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The real college crisis: Student debt drags down economy

NBC News
Meet the Press [March 17, 2019]

“According to the Federal Reserve, a $1,000 increase in student loan debt causes a 1 to 2 percentage point drop in the homeownership rate for student loan borrowers during their late 20s and early 30s…
The net impact is not only a drag in people’s personal financial situation, but it’s also a drag on the economy as a whole.”

Why Can’t We Close the Racial Wealth Gap?

Brentin Mock [March 21, 2019]

If the college cheating scandal has reinforced anything, it’s that one of the primary advantages of being wealthy is that the wealthy can buy more advantages. This helps explain why African Americans, who’ve historically been denied wealth, lag in almost every category of society behind whites, who have long benefited from capital extracted from black labor and culture.

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Newsom declares wildfire emergency, waives environmental rules to expedite projects

Taryn Luna [March 22, 2019]

Gov. Gavin Newsom declared a state of emergency in California on Friday and waived environmental regulations to expedite nearly three dozen local forest management projects to protect communities from the deadly wildfires that have decimated regions up and down the state.

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