The New York City primary results show that the issue of rising inequality is striking a chord with voters. Here's why.
The results are in and two (or three) candidates are one step closer to Gracie Mansion. What we know for certain is that along with winning international attention and prime seats at Yankee Stadium, New York’s next mayor will inherit a city that is more unequal in terms of income than any other major city in America.
The increasing polarization of wealth in New York has been a hot topic and served as the campaign centerpiece for one of yesterday’s big winners, Bill de Blasio. We are trying to resist pointing out that experts like our own Jeff Madrick were talking about this problem even before the drum circles of Zuccotti Park, but we’re happy that the city’s Sierra Leone-like inequality is at last making headlines.
Because we know that we can do better, and we hope our next mayor will at least try, the Roosevelt Institute’s Bernard L. Schwartz Rediscovering Government Initiative is taking a look back at some of the most compelling charts and graphs to surface on the long road to Election Day.
From James Parrott, at the Fiscal Policy Institute, who will be a panelist at our upcoming forum on inequality:
The top 1 percent are capturing a growing portion of the nation’s economy, and nowhere is that trend more pronounced than in New York.
The top 1 percent, in fact, pay less than their fair share of the tax burden:
Meanwhile, the poverty rate in New York City continues to rise:
We will be back tomorrow with more infographics. To learn more about potential solutions to our growing wealth gap, join us for our panel discussion on Tuesday, September 24:
Inequality in New York: The Next Mayor’s Challenge
September 24, 2013
6:00 p.m. cocktail reception
6:30 – 8:00 p.m. panel discussion
Roosevelt House, Public Policy Institute at Hunter College
49 East 65th Street
New York, NY 10065
Nell Abernathy is the Program Manager for the Roosevelt Institute's Bernard L. Schwartz Rediscovering Government Initiative.
New York City skyline image via Shutterstock.com