Showing posts with label Inequality. Show all posts
Showing posts with label Inequality. Show all posts

Monday, October 12, 2015

How Small Annual Payments Made a Huge Difference for Kids' Development

Greater economic stability helps families, and children, thrive / Photo: Mike Keran, CC BY 2.0

A study newly released by the National Bureau for Economic Research has HUGE implications for US social policy.  And it's all thanks to an accidental natural experiment. 

Four years into a ten-year study of 1,430 rural kids' mental health in North Carolina, the Eastern Band of Cherokees built a casino.  A quarter of the children being studied were affiliated with the tribe, which decided to distribute at least some casino profits as annual per capita payments.  The tribe paid out about $4,000 per person per year, or $16,000/yr for a family with four enrolled tribal members.  The per capitas boosted the families' incomes by just under 20% on average.

The impact on these children's mental health and their development of pro-social personality traits was substantial.  The stabilizing effect of the payments helped reduce family discord, promoted marital cohesion, and resulted in reduced alcohol abuse rates among parents receiving the boost in income, all of which made positive, lasting impacts on the kids.  And the children who'd been struggling the most benefited the most.

Friday, September 18, 2015

Sanders' Antidote To Shallow Campaign Coverage

Screen Shot of Sanders Economic Inequality Video

Tired of shallow campaign coverage?  Want to hear more about issues that actually impact most of our lives on a day to day basis?  Well, here you go:



I'm not a Bernie Sanders supporter.  [I actually lean toward Hillary.]  But this video was extremely well done and focuses viewers' attention on REAL issues that impact REAL Americans on a day to day basis, rather than all of the silly stuff dominating campaign coverage. 

This is an extremely compelling, engaging presentation of modern American economic realities.  I'm not with Sanders on doubling the federal minimum wage (although it does need a boost.)  But all of the other points made here are solid.

If you're still not sure why life feels like more of a struggle than it was 10, 20, or even 40 years ago, the info shared here helps bring that to light.  Take 8 minutes and give this video a watch and a listen. 

And if you, too, are concerned about the issues discussed here - even if you're not a Bernie supporter - help share the video on Facebook, your blog, Twitter, and any other social media.  Help make the case to all Presidential candidates and the press that a majority of American voters - left, right, and center - are tired of political, legal, and economic systems that have been rigged to benefit a very, very small share of our population, at the expense of the other 90-some% of us.  

Federal and state taxes paid by the profoundly affluent have been slashed again, and again, and again since the 1960s, each time with the promise that this would unleash growth in US GDP that would mean improved quality of life for ALL of us.  While the average American has experienced improved quality of life is some arenas, those improvements have almost exclusively been due to technological change, cheaper goods due to globalized trade (which hasn't been without a downside), economies of scale, and public infrastructure investment - all factors that had little to no connection to any of these tax cuts.

Slashing taxes on the wealthiest in America has never "unleashed growth" in the way that's been promised.  Data point after data point indicate that US policy promoting GDP growth as the primary concern of economic policy has had no discernible benefits for 90-some% of Americans.  To the contrary, our incomes and wealth after inflation is accounted for have SHRUNK. 

We need to say ENOUGH.  And if you tend to vote Republican and YOU care about these issues, we REALLY need you to help spread the word.  Because you guys have a much better shot at getting GOP candidates to stop pandering to major corporations, banks and financial services firms with their economic policy proposals.