Class warfare?
[This bugs me. A lot. Enough to make me seriously consider where my vote is going to go next November. -Thomas]
By Paul Krugman, The Nation
December 23, 2003
The other day I found myself reading a leftist rag that made outrageous claims about America. It said that we are becoming a society in which the poor tend to stay- poor, no matter how hard they work; in which sons are much more likely to inherit the socioeconomic status of their father than they were a generation ago.
The name of the leftist rag? Business Week, which published an article titled “Waking Up From the American Dream.” The article summarizes recent research showing that social mobility in the United States (which was never as high as legend had it) has declined considerably over the past few decades. If you put that research together with other research that shows a drastic increase in income and wealth inequality, you reach an uncomfortable conclusion: America looks more and more like a class-ridden society.
[…]