February 26, 2013
When President Obama gave his State of the Union address on February 12th, he laid out his second-term agenda which included his plans to help reduce the growing economic inequality in our nation. He spoke of raising minimum wage, granting universal pre-kindergarten access to families in need, restoring the pay roll tax cut, and linking federal student aid to the rising college tuition costs. But what does his plan really mean for economic disparity?
According to University of California economist Emmanuel Saez, the top ten percent in the US is making 46.5 percent of the nations income, which is the highest rate in nearly 100 years! This, amongst many other indicators, has sounded the alarms for government to address the this gap between the top-earners and the rest of the country. In an interview with Between the Lines‘ Scott Harris, Sam Pizzigati, veteran labor journalist and author of The Rich Don’t Always Win: The Forgotten Triumph over Plutocracy that Created the American Middle Class, 1900-1970, assesses President Obama’s plan and how effectively it addresses the economic inequality.
In a recent review by Leslie Garvey on Foreign Policy in Focus, Leslie Garvey says:
“Sam Pizzigati’s new book, The Rich Don’t Always Win: The Forgotten Triumph over Plutocracy that Created the American Middle Class 1900-1970, could not come at a better time to rejuvenate the issue of income disparity and what to do about it. Employing a staggering compilation of primary sources, this exceptionally well-researched book reveals the previously unknown story of Americans who fought to overthrow plutocracy in the early 20th century [...] Pizzigati’s work thus serves as a brilliant rebuttal to the right-wing notion that an unregulated capitalist system allows wealth to trickle down, create jobs, raise wages, and bridge the income gap.”
To hear the interview, and to learn more about Pizzigati’s ideas and his new book, listen here.