A Quote by Raj Chetty
Atlanta's a good example of a city that's quite sprawling, where there's a sharp division between where blacks and whites live, between where low-income and high-income families live.
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I've been around low-income people all of my life. I mean, growing up, low income, the community where I've chosen to live, low-income.
Taxes and fees in Chicago and Cook County are forcing low-income families like the one I grew up in out of this city. It's clear we can't keep treating low-income and middle-class families like an ATM machine with no limit.
The increase in inequality in income is a longtime trend, but the pressure on middle- and low-income workers is going up rapidly. Especially if they live in an area where there are high housing and gas prices, like California.
If you are ideologically opposed to income splitting for families, why wouldn't you scrap it for seniors? What is the distinguishing principle between income splitting for people with kids and income splitting for people who are retired?
If accessing the Internet becomes more difficult for low-income communities, academic and employment competition may be undermined, and could damage the prospects of upward mobility for low-income New Yorkers and further exacerbate income inequality.
The Social Security program is a pact between workers and their employers that they will contribute to a common fund to ensure that those who are no longer part of the work force will have a basic income on which to live. It represents our commitment as a society to the belief that workers should not live in dread that a disability, death, or old age could leave them or their families destitute.
Income is now more concentrated in the hands of the rich. Those well-off households tend to save and invest higher proportions of their earnings than middle-class or low-income families do.
Why do we need to support the food stamp program? Because low-income families experience unemployment at a far higher rate than other income groups. Because cutting nutritional assistance programs is immoral and shortsighted, and protecting families from hunger improves their health and educational outcomes.
People try to live within their income so they can afford to pay taxes to a government that can't live within its income.
Most important, [research on affirmative action] has completely failed to show that affirmative action ever closes the academic gap between minorities and whites. And failing in this, affirmative action also fails to help blacks achieve true equality with whites - the ultimate measure of which is parity in skills and individual competence. Without this underlying parity there can never be true equality in employment, income levels, rates of home ownership, educational achievement and the rest.
The best tool today is longevity insurance - they call it income insurance. Most people know the value of life insurance. But what if you live? So instead of trying to guess one or the other, you plan for those 20 years and you get this income insurance. If you live beyond 85, you have money that's guaranteed for as long as you live in the form of an annuity.
More and more lower-middle-income families either live their lives in debt or leave the city altogether. The boom is strictly at the penthouse level.
If you look at the families who live below the poverty line, only 47% of them have internet access at home. And of that low income population, they are disproportionately urban and people of color, which makes it a social justice issue.
If you're a person that has low income, you probably should have more assistance than a person with high income.
In inner-city, low-income communities of color, there's such a high correlation in terms of educational quality and success.
The burden of high energy costs is felt disproportionately by low-income and Black and brown families. Every person has the right to these basic services and by making them public goods, we can unburden families and reduce our country's dependence on fossil fuels.
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