As a country, Americans have to find a way to keep our cities solvent. If large numbers of cities no longer have the necessary tax base, we have to find federal methods to intervene. If we don't, there's a risk of dozens of cities simply being left to their bankrupt fates - and I can't see how that serves anybody's interests in the long run.
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 AbramskyDespite all of the civil rights gains of the past several decades, when it comes to economic opportunity, African Americans and Latinos still experience far more unemployment than do whites and Asians, average wages are lower, and household wealth is lower. A smaller percentage of African Americans and Latinos attend, and complete, college, than is the case with whites and Asians, and a higher percentage end up in prison. All of these are indicators of massive disparities in opportunity, and these disparities are mirrored in poverty data.
Sasha AbramskyPoverty became something one could see and experience firsthand, no matter where one was on the economic ladder; it became something you could viscerally experience through the lives of friends, family, neighbors, colleagues. I'd venture to say it's a rare person in 2013 America who knows nobody who lost a job in the recession, or knows nobody whose home went underwater or who went into foreclosure.
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 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 AbramskyOne of the most durable successes of the war on poverty was to dramatically reduce the number of elderly poor in America. That's still true today. But, by contrast, child poverty has shot up over the last few years: A decade ago, about 16 percent of children in America were poor - which is a shockingly high percentage. But it's not as shocking as today, when we see that 22 percent of kids live in poverty.
Sasha Abramsky