The failure of the first Barack Obama administration to really deliver on a new War on Poverty and a new language to explain these societal challenges in some ways provided the fuel that led to the Occupy Movement a few years later. And, while Occupy was a somewhat transitory phenomenon, many of the activist groups that emerged during this period are still out there, and still working on reshaping the political debate around taxes, around welfare, around government assistance to the poor, around debt relief for students, and so on.
Sasha AbramskyThe poverty we see in America is now too widespread, and too complex, for easy fixes. But I do think we can reimagine many of our institutions and can create new ones in ways that would be effective. We could, for example, create social insurance systems, similar to social security, such as that we went through in 2008-9. We could create a financial transaction tax, oil profit taxes and a fairer estate tax system, and we could plow much of the revenue raised from these into job training programs, into better education infrastructure, into an expanded Earned Income Tax Credit.
Sasha AbramskyWe're living through an era of higher income inequality than the country has experienced since before the Great Depression. Meanwhile, most people are running in place, and those in the bottom quintile of the economy are being swept backward year in and year out. A worker with a high school education today is likely to earn less in real terms than did their parents and grandparents in the early 1970s. Not coincidentally, while overall life expectancy is increasing in America, for those with low levels of education it's actually declining.
Sasha AbramskyThe failure of the first Barack Obama administration to really deliver on a new War on Poverty and a new language to explain these societal challenges in some ways provided the fuel that led to the Occupy Movement a few years later. And, while Occupy was a somewhat transitory phenomenon, many of the activist groups that emerged during this period are still out there, and still working on reshaping the political debate around taxes, around welfare, around government assistance to the poor, around debt relief for students, and so on.
Sasha AbramskyI do think there are ways to increase wages significantly, even in a global era. But you have to take voters and consumers with you on this journey - and that involves a tremendous, and long-term, public education campaign.
Sasha AbramskyBig cities like New York are thriving, economically, culturally, in terms of real estate values, and by a slew of other measures. Yet, at the same time, much of the country has been utterly hollowed out. In California, where I live, affluent coastal cities such as San Francisco and the Silicon Valley hubs have lower than national average unemployment, higher wages, higher tax bases. Meanwhile, there are inland counties in California where there's still nearly 20 percent unemployment.
Sasha AbramskyDetroit is a fascinating place, because things are so bad there that the dystopia has almost become utopian. People know they can't rely on the state, that public infrastructure is broken, and they've taken their own measures. People are growing their own food and selling their produce to local stores and restaurants. It's certainly not a fix-all; Detroit's problems are too deep-rooted for quick-fix solutions. But it's a hopeful sign. Detroiters are crafting their own solutions rather than being passive in the face of the city's and state's actions and inactions.
Sasha Abramsky