We’ve all heard the lecture: “Don’t go into debt. Cut up your credit cards. Save every penny.” For generations, this has been passed down like gospel—especially in working-class communities. But there’s a quiet financial truth that rarely gets talked about: The wealthy use debt to build empires. Everyone else is told to fear it. Sound […]
In recent months, Louisiana Governor Jeff Landry’s proposal to eliminate state income taxes in favor of raising sales taxes has sparked an intense debate about the future of economic equity in the state. The rationale behind the plan is to create a tax-friendly environment for businesses and high-income earners by removing income taxes, with the […]
Kamala Harris’s economic plan, focusing on down payment assistance for first-time homebuyers, stands out as one of the most promising initiatives to reduce the wealth gap and empower working- and middle-class Americans. Offering up to $25,000 in direct grants to help individuals and families overcome the barrier of down payment, this policy is designed to […]
In the decades following World War II, the United States witnessed unprecedented economic growth and prosperity that significantly benefited middle- and working-class Americans. From the late 1940s through the 1970s, the American Dream seemed more attainable than ever. As wages increased, homeownership expanded, and the purchasing power of the average worker was robust. However, this […]
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