1. WHY WE SUPPORT HILLARY CLINTON FOR PRESIDENT
We as a nation face a major economic problem that threatens our democracy—drastic
increases in income inequality have created a deep malaise among many Americans who
are increasingly excluded from the promise of a better future.
The facts are clear: the share of all income going to the top 1% of income earners
increased from 10% in 1981 to 23% in 2007, and was still 22% in 2015. The share of the
top 10% of income earners increased from 35% to 50% in 2007, and remained at 50% in
2015. Since the mid-1970s, US family incomes increased by 1.2% per year, but 58
percent of that increase went to the top 1%. During the Bush expansion in 2002-2007,
family incomes increased 3% per year, but a record 65 percent of that increase again went
to the top 1%.
Sure, it is better to average 3% growth than 1.2% growth, but if two-thirds of income
increases goes to a tiny group of families, just improving economic growth does little to
help most Americans and does even less to solve the current crisis of our democracy.
Things could get even worse. If we pursue the economic growth policies being proposed
by the Republican Party platform and the Party’s current nominee, the percent of income
going to the top 1% would likely go back to Bush levels or even much higher. Donald
Trump’s tax plan would reduce taxes on the highest income earners and would restore the
trickle down economic policies that have contributed so much to our current inequality
crisis.
We believe that Hillary Clinton’s economic policy proposals, backed by the most
progressive Democratic Party platform in four decades, will both promote growth and
reduce income inequality.
What are those proposals?
--Raise the minimum wage to $15 per hour and make it easier to organize and join
unions.
--Establish equal pay for women.
--Invest ambitiously in improving our infrastructure—roads, bridges, water, airports,
energy, and rail systems, creating tens of thousands of well-paying, middle class jobs.
--Make the wealthy pay their fair share of taxes, including a surtax on millionaires.
--Develop a national strategy to combat poverty, including more federal resources for
communities that have been left out and left behind.
--Guarantee universal pre-school education.
2. --Provide relief from crushing student debt and make tuition-free public college for
families earning less than $125,000 a reality.
--Fight to guarantee health care for every American by working for a public option and
extending Medicare for those over 55 years old.
--Develop a green energy strategy that drastically reduces carbon emissions, creates new
jobs, and makes the US a world leader in renewable energy.
These proposed policies are both progressive and practical, and all progressives and
moderates should support them. They will increase the share of benefits going to middle
and lower income Americans as the economy continues to grow. They will go a long way
to including the excluded. By doing so, they will reduce the paralyzing divisiveness that
is undermining our democratic ideals.
We believe that Hillary Clinton knows how important it is to enact these proposals and
how important they are for the future of our society in a period of immense economic
change.
Hillary Clinton’s entire adult life has been dedicated to working for greater equality, and
we think that this is exactly what she will do as President.
We urge you to vote for this agenda and for her in November.
(signed)
Kenneth Arrow, Stanford University
Bevin Ashenmiller, Occidental College
Peter Barnes, co-founder, Credo Mobile
Barry Bluestone, Northeastern University
Clair Brown, UC Berkeley
Martin Carnoy, Stanford University
Manuel Castells, UC Berkeley
Kimberly Clausing, Reed College
Sebastian Edwards, UCLA
Teresa Ghilarducci, New School for Social Research
Herbert Gintis, University of Massachusetts, Amherst
Robert Gordon, Northwestern University
Daphne Greenwood, University of Colorado
Doug Harris, Tulane University
Sue Helper, Case Western University
Candace Howes, Connecticut College
Jenny Hunt, Rutgers University
Doreen Isenberg, University of Redlands
3. Sarah Jacobson, Williams College
Christopher Jencks, Harvard University
Elizabeth Jensen, Hamilton College
Derek Jones, Hamilton College
Linda Kamas, Santa Clara University
Richard Kaufman, former general counsel and economist at the Joint Economic
Committee, US Congress
Stephanie Kelton, University of Missouri, Kansas City
Mordecai Kurz, Stanford University
Helen Ladd, Duke University
Henry M. Levin, Teachers College Columbia
Nora Lustig, Tulane University
Larry Mishel, Economic Policy Institute
Richard Murnane, Harvard University
Carol O’Cleireacain, Deputy Mayor for Economic Policy, City of Detroit
Seamus O’Cleireacain, SUNY Purchase
Paul Ong, UCLA
Richard Parker, Harvard University
Manuel Pastor, University of Southern California
Anne Preston, Haverford College
Michael Reich, UC Berkeley
Robert B. Reich, UC Berkeley
Maya Rockeymoore, President and CEO, Global Policy Solutions
Dani Rodrik, Harvard University
Richard Rothstein, Economic Policy Institute
Elliot Sclar, Columbia University
Emmanuel Saez, UC Berkeley
Stephanie Seguino, University of Vermont
Derek Shearer, Occidental College
Timothy Smeeding, University of Wisconsin
Betsey Stevenson, University of Michigan
Woody Studenmund, Occidental College
Laura D’Andrea Tyson, UC Berkeley
Charles Wilbur, University of Notre Dame
William Julius Wilson, Harvard University
Andrew Zimbalist, Smith College