Sunday, February 12, 2012

America’s failed promise of equal opportunity

Salon Home


Topic

The 99 Percent Plan

Sunday, Feb 12, 2012 10:00 AM EST

America’s failed promise of equal opportunity

To achieve a truly fair society, we need to look to Lincoln, not Jefferson

jefferson_lincoln_99

The 99 Percent Plan is a joint Roosevelt Institute-Salon series that explores how progressives can shape a new vision for the economy. This is the second essay in the series.

Americans are increasingly aware that the ideal of equal opportunity is a false promise, but neither party really seems to get it.

Republicans barely admit the problem exists, or if they do, they think tax cuts are the answer. All facts point in the opposite direction. Despite various tax cuts over the past 30 years, not only have income and wealth inequality dramatically increased, but the ability of individuals to rise out of their own class has declined. Social stagnation is increasingly the norm, with poverty rates the highest in 15 years, real wage gains worse even than during the decade of the Great Depression, average earnings barely above what they were 50 years ago, and more than 80 percent of the income growth of the past 25 years going to the top 1 percent. In fact, since 1983, the bottom 40 percent of households have seen real declines in their income and the same goes for the bottom 60 percent when it comes to wealth. We know what the economic status quo does: It redistributes upwards.


Alex Gourevitch is a postdoctoral research associate at Brown University's Political Theory Project. He also co-authors the blog The Current Moment. More Alex Gourevitch


Aziz Rana teaches law at Cornell University and is the author of "The Two Faces of American Freedom," recently published by Harvard University Press. He writes on American constitutional development, with a particular interest in issues of citizenship, immigration and national security. More Aziz Rana

No comments:

Post a Comment