This post is the second in our Summer Reading Group series discussing recent books on the current state of American democracy.
Richard Reeves. Dream Hoarders: How the American Upper Middle Class Is Leaving Everyone Else in the Dust, Why That is a Problem, and What to Do About It. Washington, D.C.: The Brookings Institution Press, 2017.
By Cabell Willis ‘16
Our summer book club continues to explore the social trends underlying the current climate of American democracy with a fresh look at the problem of inequality in Richard Reeves’ new book Dream Hoarders: How the Upper Middle Class Is Leaving Everyone Else in The Dust, Why That Is a Problem, and What To Do About It. The book draws on and synthesizes insights from a wealth of contemporary and classic scholarship on inequality to challenge the prevailing assumption that the top “one percent” of the distribution is at fault for the highly unequal allocation of wealth and income in our society. Reeves instead faults the top quintile of the income distribution, contending that they are “hoarding” opportunities for their children, thus facilitating the perpetuation and reinforcement of wealth and privilege among those that already have it. As Reeves’ puts it in the early pages of his book,