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Book The Privileges of Wealth

Download or read book The Privileges of Wealth written by Robert Williams and published by Taylor & Francis. This book was released on 2016-11-25 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Privileges of Wealth investigates the impact of the rising concentration of wealth in the United States. It describes how households accumulate wealth along four pathways - household saving, appreciation of assets, family gifts and inheritances, and federal wealth policies – which operate as virtuous cycles for the rich and vicious circles for the poor. This book explains how these sources of wealth privilege are systemic features of our economy and the basis of rising disparities, particularly the racial wealth gap. The book offers a compelling case for how our current policies are undermining the American Dream for most Americans while fortifying a White plutocracy, with dire consequences.

Book The Privileges of Wealth

Download or read book The Privileges of Wealth written by Robert B. Williams and published by . This book was released on 2017 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The American Dream is under assault. This threat results not from a lack of means, but from an unwillingness to share. Total household wealth increased by half in the past generation, but barely one fifth of American households captured this new wealth. For the rest, the dream of owning a home, gaining a secure retirement, and ensuring a college education for their kids is disappearing. Worse still, the widening wealth divide largely tracks our racial fault lines. The Privileges of Wealthinvestigates the impact of the rising concentration of wealth. It describes how households accumulate wealth along three pathways: household saving, appreciation of assets, and family gifts and inheritances. In addition, federal wealth policies, in the form of assorted tax deductions and credits, act as a fourth pathway that favors wealthy households. For those with means, each pathway operates as a virtuous cycle enabling families to build wealth with increasing ease. For those without, these same pathways are experienced as vicious cycles. The issue of wealth privilege is even more pronounced when examining the racial wealth gap. Typically, White households own ten times the wealth of Black or Latino families. This chasm results from the durability and transferability of wealth across generations and serves as a persistent legacy of our history of racial enslavement, expropriation, and exclusion. Current policies favoring the wealthy are simply cementing these wealth disparities. This book explains how these sources of wealth privilege are systemic features of our economy and the basis of rising disparities. The arguments and evidence presented here offer a compelling case for how our current policies are undermining the American Dream for most Americans while fortifying a White plutocracy, with dire consequences for us all.

Book The Privileges

    Book Details:
  • Author : Jonathan Dee
  • Publisher : Random House Trade Paperbacks
  • Release : 2010-10-05
  • ISBN : 0812980794
  • Pages : 290 pages

Download or read book The Privileges written by Jonathan Dee and published by Random House Trade Paperbacks. This book was released on 2010-10-05 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Smart and socially gifted, Adam and Cynthia Morey are perfect for each other. With Adam’s rising career in the world of private equity, a beautiful home in Manhattan, gorgeous children, and plenty of money, they are, by any reasonable standard, successful. But for the Moreys, their future of boundless privilege is not arriving fast enough. As Cynthia begins to drift, Adam is confronted with a choice that will test how much he is willing to risk to ensure his family’s happiness and to recapture the sense that the only acceptable life is one of infinite possibility. The Privileges is an odyssey of a couple touched by fortune, changed by time, and guided above all else by their epic love for each other. BONUS: This edition contains a The Privileges discussion guide.

Book The Privileges of Wealth

Download or read book The Privileges of Wealth written by Robert Williams and published by Routledge. This book was released on 2016-11-25 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: The American Dream is under assault. This threat results not from a lack of means, but from an unwillingness to share. Total household wealth increased by half in the past generation, but barely one fifth of American households captured this new wealth. For the rest, the dream of owning a home, gaining a secure retirement, and ensuring a college education for their kids is disappearing. Worse still, the widening wealth divide largely tracks our racial fault lines. The Privileges of Wealth investigates the impact of the rising concentration of wealth. It describes how households accumulate wealth along three pathways: household saving, appreciation of assets, and family gifts and inheritances. In addition, federal wealth policies, in the form of assorted tax deductions and credits, act as a fourth pathway that favors wealthy households. For those with means, each pathway operates as a virtuous cycle enabling families to build wealth with increasing ease. For those without, these same pathways are experienced as vicious cycles. The issue of wealth privilege is even more pronounced when examining the racial wealth gap. Typically, White households own ten times the wealth of Black or Latino families. This chasm results from the durability and transferability of wealth across generations and serves as a persistent legacy of our history of racial enslavement, expropriation, and exclusion. Current policies favoring the wealthy are simply cementing these wealth disparities. This book explains how these sources of wealth privilege are systemic features of our economy and the basis of rising disparities. The arguments and evidence presented here offer a compelling case for how our current policies are undermining the American Dream for most Americans while fortifying a White plutocracy, with dire consequences for us all.

Book The Perils of  Privilege

Download or read book The Perils of Privilege written by Phoebe Maltz Bovy and published by St. Martin's Press. This book was released on 2017-03-14 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Privilege--the word, the idea, the j'accuse that cannot be answered with equanimity--is the new rhetorical power play. From social media to academia, public speech to casual conversation, "Check your privilege" or "Your privilege is showing" are utilized to brand people of all kinds with a term once reserved for wealthy, old-money denizens of exclusive communities. Today, "privileged" applies to anyone who enjoys an unearned advantage in life, about which they are likely oblivious. White privilege, male privilege, straight privilege--those conditions make everyday life easier, less stressful, more lucrative, and generally better for those who hold one, two, or all three designations. But what about white female privilege in the context of feminism? Or fixed gender privilege in the context of transgender? Or weight and height privilege in the context of hiring practices and salary levels? Or food privilege in the context of public health? Or two parent, working class privilege in the context of widening inequality for single parent families? In The Perils of Privilege, Phoebe Maltz Bovy examines the rise of this word into extraordinary potency. Does calling out privilege help to change or soften it? Or simply reinforce it by dividing people against themselves? And is privilege a concept that, in fact, only privileged people are debating?"--

Book The Hidden Cost of Being African American

Download or read book The Hidden Cost of Being African American written by Thomas M. Shapiro and published by . This book was released on 2004 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past three decades, racial prejudice in America has declined significantly and many African American families have seen a steady rise in employment and annual income. But alongside these encouraging signs, Thomas Shapiro argues in The Hidden Cost of Being African American, fundamental levels of racial inequality persist, particularly in the area of asset accumulation--inheritance, savings accounts, stocks, bonds, home equity, and other investments-. Shapiro reveals how the lack of these family assets along with continuing racial discrimination in crucial areas like homeownership dramatically impact the everyday lives of many black families, reversing gains earned in schools and on jobs, and perpetuating the cycle of poverty in which far too many find themselves trapped. Shapiro uses a combination of in-depth interviews with almost 200 families from Los Angeles, Boston, and St. Louis, and national survey data with 10,000 families to show how racial inequality is transmitted across generations. We see how those families with private wealth are able to move up from generation to generation, relocating to safer communities with better schools and passing along the accompanying advantages to their children. At the same time those without significant wealth remain trapped in communities that don't allow them to move up, no matter how hard they work. Shapiro challenges white middle class families to consider how the privileges that wealth brings not only improve their own chances but also hold back people who don't have them. This "wealthfare" is a legacy of inequality that, if unchanged, will project social injustice far into the future. Showing that over half of black families fall below the asset poverty line at the beginning of the new century, The Hidden Cost of Being African American will challenge all Americans to reconsider what must be done to end racial inequality.

Book How Rich People Think

Download or read book How Rich People Think written by Steve Siebold and published by Simple Truths. This book was released on 2019-09-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Originally published in 2010 in the United States by London House Press. This edition issued based on the hardcover edition published in 2014 in the United States by Simple Truths, an imprint of Sourcebooks"--Title page verso.

Book The Code of Capital

Download or read book The Code of Capital written by Katharina Pistor and published by Princeton University Press. This book was released on 2020-11-03 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Capital is the defining feature of modern economies, yet most people have no idea where it actually comes from. What is it, exactly, that transforms mere wealth into an asset that automatically creates more wealth? The Code of Capital explains how capital is created behind closed doors in the offices of private attorneys, and why this little-known fact is one of the biggest reasons for the widening wealth gap between the holders of capital and everybody else. In this revealing book, Katharina Pistor argues that the law selectively "codes" certain assets, endowing them with the capacity to protect and produce private wealth. With the right legal coding, any object, claim, or idea can be turned into capital - and lawyers are the keepers of the code. Pistor describes how they pick and choose among different legal systems and legal devices for the ones that best serve their clients' needs, and how techniques that were first perfected centuries ago to code landholdings as capital are being used today to code stocks, bonds, ideas, and even expectations--assets that exist only in law. A powerful new way of thinking about one of the most pernicious problems of our time, The Code of Capital explores the different ways that debt, complex financial products, and other assets are coded to give financial advantage to their holders. This provocative book paints a troubling portrait of the pervasive global nature of the code, the people who shape it, and the governments that enforce it."--Provided by publisher.

Book The Wealth of Networks

Download or read book The Wealth of Networks written by Yochai Benkler and published by Yale University Press. This book was released on 2006-01-01 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes how patterns of information, knowledge, and cultural production are changing. The author shows that the way information and knowledge are made available can either limit or enlarge the ways people create and express themselves. He describes the range of legal and policy choices that confront.

Book Context Dependent Plasticity in Social Species  Feedback Loops Between Individual and Social Environment

Download or read book Context Dependent Plasticity in Social Species Feedback Loops Between Individual and Social Environment written by Nicolas Chaline and published by Frontiers Media SA. This book was released on 2021-07-21 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Guest Editors would like to acknowledge and thank Veridiana Jardim (USP, Brazil) for her contribution to the elaboration of this Research Topic in relation with her doctorate studies.

Book Uneasy Street

    Book Details:
  • Author : Rachel Sherman
  • Publisher : Princeton University Press
  • Release : 2019-05-14
  • ISBN : 0691195161
  • Pages : 329 pages

Download or read book Uneasy Street written by Rachel Sherman and published by Princeton University Press. This book was released on 2019-05-14 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: A surprising and revealing look at how today’s elite view their wealth and place in society From TV’s “real housewives” to The Wolf of Wall Street, our popular culture portrays the wealthy as materialistic and entitled. But what do we really know about those who live on “easy street”? In this penetrating book, Rachel Sherman draws on rare in-depth interviews that she conducted with fifty affluent New Yorkers—from hedge fund financiers and artists to stay-at-home mothers—to examine their lifestyle choices and understanding of privilege. Sherman upends images of wealthy people as invested only in accruing social advantages for themselves and their children. Instead, these liberal elites, who believe in diversity and meritocracy, feel conflicted about their position in a highly unequal society. As the distance between rich and poor widens, Uneasy Street not only explores the lives of those at the top but also sheds light on how extreme inequality comes to seem ordinary and acceptable to the rest of us.

Book Dream Hoarders

    Book Details:
  • Author : Richard V. Reeves
  • Publisher : Brookings Institution Press
  • Release : 2018-05-08
  • ISBN : 0815735499
  • Pages : 206 pages

Download or read book Dream Hoarders written by Richard V. Reeves and published by Brookings Institution Press. This book was released on 2018-05-08 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dream Hoarders sparked a national conversation on the dangerous separation between the upper middle class and everyone else. Now in paperback and newly updated for the age of Trump, Brookings Institution senior fellow Richard Reeves is continuing to challenge the class system in America. In America, everyone knows that the top 1 percent are the villains. The rest of us, the 99 percent—we are the good guys. Not so, argues Reeves. The real class divide is not between the upper class and the upper middle class: it is between the upper middle class and everyone else. The separation of the upper middle class from everyone else is both economic and social, and the practice of “opportunity hoarding”—gaining exclusive access to scarce resources—is especially prevalent among parents who want to perpetuate privilege to the benefit of their children. While many families believe this is just good parenting, it is actually hurting others by reducing their chances of securing these opportunities. There is a glass floor created for each affluent child helped by his or her wealthy, stable family. That glass floor is a glass ceiling for another child. Throughout Dream Hoarders, Reeves explores the creation and perpetuation of opportunity hoarding, and what should be done to stop it, including controversial solutions such as ending legacy admissions to school. He offers specific steps toward reducing inequality and asks the upper middle class to pay for it. Convinced of their merit, members of the upper middle class believes they are entitled to those tax breaks and hoarded opportunities. After all, they aren't the 1 percent. The national obsession with the super rich allows the upper middle class to convince themselves that they are just like the rest of America. In Dream Hoarders, Reeves argues that in many ways, they are worse, and that changes in policy and social conscience are the only way to fix the broken system.

Book A Century of Wealth in America

Download or read book A Century of Wealth in America written by Edward N. Wolff and published by Harvard University Press. This book was released on 2017-10-16 with total page 885 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding wealth—who has it, how they acquired it, how they preserve it—is crucial to addressing challenges facing the United States. Edward Wolff’s account of patterns in the accumulation and distribution of U.S. wealth since 1900 provides a sober bedrock of facts and analysis. It will become an indispensable resource for future public debate.

Book Black Wealth  White Wealth

Download or read book Black Wealth White Wealth written by Melvin L. Oliver and published by Taylor & Francis. This book was released on 2006 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors analyse wealth - total assets and debts rather than income alone - to uncover deep and persistent racial inequality in America, and show how public policies fail to redress this problem.

Book The Rich Don t Always Win

Download or read book The Rich Don t Always Win written by Sam Pizzigati and published by Seven Stories Press. This book was released on 2012-11-27 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Occupy Wall Street protests have captured America's political imagination. Polls show that two-thirds of the nation now believe that America's enormous wealth ought to be "distributed more evenly." However, almost as many Americans--well over half--feel the protests will ultimately have "little impact" on inequality in America. What explains this disconnect? Most Americans have resigned themselves to believing that the rich simply always get their way. Except they don't. A century ago, the United States hosted a super-rich even more domineering than ours today. Yet fifty years later, that super-rich had almost entirely disappeared. Their majestic mansions and estates had become museums and college campuses, and America had become a vibrant, mass middle class nation, the first and finest the world had ever seen. Americans today ought to be taking no small inspiration from this stunning change. After all, if our forbears successfully beat back grand fortune, why can't we? But this transformation is inspiring virtually no one. Why? Because the story behind it has remained almost totally unknown, until now. This lively popular history will speak directly to the political hopelessness so many Americans feel. By tracing how average Americans took down plutocracy over the first half of the 20th Century--and how plutocracy came back-- The Rich Don't Always Win will outfit Occupy Wall Street America with a deeper understanding of what we need to do to get the United States back on track to the American dream.

Book Privilege Revealed

    Book Details:
  • Author : Stephanie M. Wildman
  • Publisher : NYU Press
  • Release : 1996
  • ISBN : 1479878944
  • Pages : 253 pages

Download or read book Privilege Revealed written by Stephanie M. Wildman and published by NYU Press. This book was released on 1996 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Affirmative action remains a hotly contested issue on our political landscape, yet the institutionalized systems of privilege which uphold the status quo remain unchallenged. Many Americans who advocate a merit-based, race-free worldview do not acknowledge the systems of privilege which benefit them. For example, many Americans rely on a social and sometimes even financial inheritance from previous generations. This inheritance, unlikely to be forthcoming if one's ancestors were slaves, privileges whiteness, maleness, and heterosexuality. In this important volume, scholars positioned differently with respect to white privilege examine how privilege of all forms manifests itself and how we can, and must, be aware of invisible privilege in our daily lives. Individual chapters focus on language, the workplace, the implications of comparing racism and sexism, race-based housing privilege, the dream of diversity and the cycle of exclusion, the rule of law and invisible systems of privilege, and the power of law to transform society.

Book Constraint of Race

Download or read book Constraint of Race written by Linda Faye Williams and published by Penn State Press. This book was released on 2010-11-01 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: