Posts tagged: on inequality

Education is the silver bullet. Education is everything. We don’t need little changes, we need gigantic, monumental changes. Schools should be palaces. The competition for the best teachers should be fierce. They should be making six-figure salaries. School should be incredibly expensive for government and absolutely free of charge to its citizens, just like national defense. That’s my position. I just haven’t figured out how to do it yet.
Sam Seaborn, The West Wing 1x18 (via rollingsreliable)

Melissa Harris-Perry: Nothing is riskier than being poor in America [full video]

The Romney tax returns are a prime example of our increasingly two-tiered bureaucratic system, in which there is one set of rules for poor and middle-class people, and another set of rules for people like Mitt Romney. The most common method of giving preferential treatment to the rich is through semantics. The old classic was that you called a rich kid blowing coke in his dorm room one thing, and you called a black street kid smoking crack something else, and the two got different penalties for the same crime – cocaine use. Or, and this one is still true in some states, the rich white kid who uses a fake ID to get into a club gets hit with a misdemeanor and a fine, while an immigrant who uses a fake ID to get a job at a chicken plant gets dragged in for a felony and can get up to 15 years in jail. Both offenses are simple forgery, but one is also called felony fraud and you get real prison time for it. In Mitt’s case, the money you and I make to support ourselves is called income and is taxed up to 35 percent, but the money Mitt makes raiding companies with borrowed money and extracting draconian management fees from captive companies that have no choice but to pay them is called “Carried Interest,” and taxed at a top rate of 15%.
shortformblog:

moneyisnotimportant:

How The Poor, The Middle Class And The Rich Spend Their Money

Interesting detail in this graphic: Spending on transportation goes up for the middle class.

shortformblog:

moneyisnotimportant:

How The Poor, The Middle Class And The Rich Spend Their Money

Interesting detail in this graphic: Spending on transportation goes up for the middle class.