🎧 The Myth of Meritocracy | On the Media | WNYC Studios

Listened to The Myth of Meritocracy from On the Media | WNYC Studios

"Meritocracy" was coined as satire; the messaging for and against Medicare for All; and Dutch economic historian Rutger Bregman.

A college admissions scandal has highlighted what people refer to as "the myth of meritocracy." But actually, meritocracy itself is a myth. This week, On the Media looks at the satirical origins of the word and what they tell us about why the US embraces it. Plus, the messaging for and against Medicare for All, as well as a historical look at why we don't have universal healthcare. And economic historian and Tucker Carlson antagonist Rutger Bregman.

1. John Patrick Leary [@JohnPatLeary], professor at Wayne State University, on the history of the satirical origins of the word "meritocracy". Listen.

2.  Paul Waldman [@paulwaldman1] of The Washington Post on the messaging war over Medicare for All and what the media is getting wrong about the proposal. Listen.

3. Jill Quadagno of [@floridastate] on the history of why the U.S. has shunned universal healthcare. Listen.

4. Rutger Bregman [@rcbregman] on the myths about wealth and who creates it. Listen.

Loved hearing about the early origins of the meaning of meritocracy. Obviously we haven’t come close to helping level the playing field.

👓 Wealthiest Person in Pasadena – 2017 | ColoradoBoulevard.net

Read 2017 Wealthiest Person in Pasadena Is Still… by Roxanne Elhachem (ColoradoBoulevard.net)
The Los Angeles Business Journal published its 58 Wealthiest Angelenos list (expanded with 8 more people from last year’s), and Pasadena (and the San Gabriel Valley) still had one of its own on it.

👓 11 Takeaways From The Times’s Investigation Into Trump’s Wealth | The New York Times

Read 11 Takeaways From The Times’s Investigation Into Trump’s Wealth (nytimes.com)
Based on a trove of confidential financial records, the Times report offers the first comprehensive look at the inherited fortune and tax dodges that guaranteed Donald Trump a gilded life.

A quick précis of the whole 13,000+ word story for those without the time.

👓 How Times Journalists Uncovered the Original Source of the President’s Wealth | New York Times

Read How Times Journalists Uncovered the Original Source of the President’s Wealth (New York Times)
Three reporters spent over a year digging through more than 100,000 pages of documents and chasing down key sources familiar with President Trump’s father and his empire.

👓 Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father | New York Times

Read Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father by David Barstow (nytimes.com)
The president has long sold himself as a self-made billionaire, but a Times investigation found that he received at least $413 million in today’s dollars from his father’s real estate empire, much of it through tax dodges in the 1990s.

I had suspected something like this for a long time and my suspicions were pushed during the election upon reports of Trump cheating sub-contractors and not paying them and again earlier this year when Jonathan Greenberg revised some of his 1980’s reportage for Forbes, but this is simply incredible!

While there are a lot of things one can take away from this stunning, thorough, and long read, the thing that strikes me is what Trump did to attempt to cheat his own father, who had been repeatedly been digging him out of trouble, when he was against the wall. He tried to defraud and steal from his greatest benefactor. How can anyone trust him to fight for America or real Americans when his entire substance as well as facade is a complete sham?

Combined with the millions he’s losing on real estate and other deals over the past decade, one is forced (again) to wonder who exactly is funding him now?

 

 

👓 Navigating Campus For The ‘Not Rich’: Students Launch A Crowdsourced Guide | NPR

Read Navigating Campus For The 'Not Rich': Students Launch A Crowdsourced Guide by Ari Shapiro (NPR)


University of Michigan students Griffin St. Onge and Lauren Schandevel have published an online guide that anybody can edit called "Being Not Rich at UM." It's a Google Doc about navigating the costs of college that has grown to more than 80 pages.

The two juniors were inspired to create the guidebook after their student government published its own guide about "cost-effective" living at the university, which St. Onge, a first generation college student, found out-of-touch. Its suggestions included skipping weekly manicures and opting to do your own laundry instead of using a service.

"I didn't really realize the culture of Michigan before coming here," she says. "I had been warned about it a little bit, but I had never met the kind of wealth that some of the students have here by the time I came to university."

Schandevel and St. Onge decided to take matters into their own hands.

This is the first kind of financial aid that schools should be providing… It’s not that difficult and is a simple resource to open source and advertise widely. For first generation and low income students I imagine that it’s the type of resource that they should put into acceptance packages to improve their yields. In fact, honestly, it’s the type of resource that students of all income levels should be given to help make them better and more rounded students and people.

👓 Perspective | Trump lied to me about his wealth to get onto the Forbes 400. Here are the tapes. | Washington Post

Read Perspective | Trump lied to me about his wealth to get onto the Forbes 400. Here are the tapes. by Jonathan Greenberg (Washington Post)
Posing as ‘John Barron,’ he claimed he owned most of his father’s real estate empire.

A liar to create perceptions about himself for decades and decades…