dagblog - Comments for "Elizabeth Warren’s book, The Two-Income Trap, explained"

Old Warren Reports TPM Cafe..

oldenGoldenDecoy — Tue, 29 Jan 2019 22:42:55 +0000

In reply to Thanks for reminding. I

Old Warren Reports TPM Cafe...

As Maiello posted at the Hive (screen grab) I'd also love to see her Cafe archives.

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~OGD~

Thanks for reminding. I

PeraclesPlease — Tue, 29 Jan 2019 06:52:10 +0000

In reply to Elizabeth Warren’s book, The Two-Income Trap, explained

Thanks for reminding. I remember espousing that easy access to bankruptcy was one large afvantage for US entrepreneurship over Your-up et al, and then they revised bankruptcy harshly, including student loans that affect wimen first. (You know in the UK you *can't* really pay tuition without a loan, and if your income's not over X after so many years your loan's forgiven?)

One principle that's noted is that the market will leave no benefit or excess on the table. A company moving to town provided housing benefits, and soon all the rents rose to match thale maximum benefit (or more). If peiple have more disposable income, the market will adjust to dispose of that advantage or aspired "nest egg", whether from 2 incimes or higher single salaries. Have a house? Great, we'll have you double mortgage it to spend more. Not a home owner? Your rent's going up - sky high. The mortgage deduction was a nice idea, but eventually gamed and broken by banks and the real estate industry so it's now an obligatory trap rather than an investment, like the mythical free shot of heroin to get Jimmy hooked and then the price is raised, except this one happens to be true. (Note the reluctance towards mortgage relief under bot Bush and Obama).

Anyway, reminds me of why I originally liked Warren, and even more (I had her more on the macro wonk stuff that spilled over). Some regret she wasn't VP on Hollary's ticket, but likely would've gotten bitchereed in that political cesspool.

Interesting political intro

artappraiser — Tue, 29 Jan 2019 00:25:46 +0000

In reply to Elizabeth Warren’s book, The Two-Income Trap, explained

Interesting political intro points by Yglesias:

It’s an important read as the 2020 campaign begins because it offers unvarnished insight into the evolution of Warren’s thinking as she moved from being a Republican in the mid-1990s to the left-wing Democrat we know today. The policy ideas she espoused 15 years ago are considerably smaller-scale than the platform she’s developed over the past decade, but the diagnosis that's led her to her current positions are all right there in the book — a book that argues that the fundamental structure of the American economy has shifted in a way that loads the dice against middle-class families.

She also frames the issue in some unusual and provocative ways that could end up hurting her with feminists or, more optimistically, broadening her political appeal to reach swaths of working-class America that are open to a progressive economic agenda but more inclined toward traditional views on family life.