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About: Winner-Take-All Politics     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatPoliticalScienceBooks, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingbibo:Bookschema:Bookschema:CreativeWorkworkText (literary theory)wikidata:Q386724Bookyago:WikicatBooksAboutPoliticsOfTheUnitedStatesyago:Artifact100021939yago:Book106410904yago:Creation103129123yago:Object100002684yago:PhysicalEntity100001930yago:Product104007894yago:Publication106589574yago:Work104599396bookwritten workyago:Whole100003553yago:Wikicat2010Booksyago:WikicatPoliticalScienceBooks New Facet based on Instances of this Class

Winner-Take-All Politics: How Washington Made the Rich Richer—and Turned Its Back on the Middle Class is a book by political scientists Jacob S. Hacker and Paul Pierson. In it the authors argue that contrary to conventional wisdom, the dramatic increase in inequality of income in the United States since 1978—the richest 1% gaining 256% after inflation while the income of the lower earning 80% grew only 20%—is not the natural/inevitable result of increased competition from globalization, but of the work of political forces. Those at the very top of the economic ladder have developed and used political muscle to dramatically cut their taxes, deregulate the financial industry, and keep corporate governance lax and labor unions hamstrung. Instead of a rising tide lifting all boats, the authors