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The Sleeping Giant Woke Up. Trump is Asleep.

The Sleeping Giant Woke Up. Trump is Asleep.

Woman putting savings in a white piggy bank.

Affordability Crisis: From The Great Compression to the Great Divide

Children's books on a shelf.

Darius Williams Went Viral. Fixing the Literacy Crisis Won’t.

Sanders pledges release of tax returns

The Fulcrum
By The FulcrumApr 10, 2019
The Fulcrum
The Fulcrum staff.
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Bernie Sanders is a millionaire.

To celebrate, the Vermont senator says he plans to release 10 years' worth of tax returns by Monday, which just so happens to be Tax Day. Sanders, who officially announced his second run for the Democratic presidential nod last month and had been slow to release his most recent returns in 2016, goaded President Donald Trump to follow his lead.

"On the day in the very immediate future, certainly before April 15, we release ours, I hope that Donald Trump will do exactly the same," Sanders told The New York Times.

The Democrats' showcase legislation, HR 1, would require presidents, vice presidents and the major-party nominees for those offices to release 10 years' worth of tax returns.

Other 2020 Democratic hopefuls who have released either 2018 tax returns, or at least a decade of previous returns, include Sens. Kirsten Gillibrand of New York, Amy Klobuchar of Minnesota and Elizabeth Warren of Massachusetts as well as Gov. Jay Inslee of Washington.


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Beware the moral panic over AI data centers

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Beware the moral panic over AI data centers

Don’t look now, but we seem to have a moral panic on our hands.

The term moral panic, at least as a social science concept, is relatively modern. It was coined by Stanley Cohen in the 1972 book “Folk Devils and Moral Panics.” Moral panics emerge when large numbers of people start to freak out about something that doesn’t warrant the freak out.

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Black wealth is rising but the racial wealth gap is widening. From Douglass to Mays to today, the freedom struggle's unfinished business is ownership.

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From Emmaus, Pennsylvania and Staten Island to Veterans of Foreign Wars posts in Kansas, Tennessee, N. Carolina and more, as well as the Ohio State Fair's butter cow theme (and deviled egg recipes), the celebration of America 250 continues throughout the rest of the sesquicentennial year.

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(Photo by Arnold Sachs/Consolidated News Pictures/Getty Images)

Perot 2.0

On February 20, 1992, Texas businessman Ross Perot appeared on Larry King Live and set in motion a significant challenge to the two-party status quo. I’m not asking to be drafted. But if the people want to register me in all 50 states, I’ll promise you this: between now and the conventions we’ll get both parties’ heads straight.

Hundreds of thousands of Americans responded. Volunteers put him on the ballot. By June he was leading in the polls. Even after dropping out of the race for a month (someone should write a book about why he did that), he received 20,000,000 votes.

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Americans are taught a reassuring story about their country’s success. The United States became prosperous, powerful, and free because the framers wrote an exceptional Constitution. The miracle of Philadelphia produced the miracle of America.

The story appears in classrooms, campaign speeches, judicial opinions, and serious scholarly works. Daron Acemoglu, Simon Johnson, and James Robinson have argued that institutions securing property and constraining expropriation help separate rich nations from poor ones. But the popular American version takes that insight and turns it into something much stronger – and misguided: that our prosperity flowed from our particular constitutional design, and that altering it would put the wealth at risk.

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