Books like Uneasy Street — picked by fans

Kathryn Edin and Maria Kefalas’ book helped me understand the financial and life well-being of the poor as it compares the marriage and childrearing norms among them to those of the elite.

Elite mothers raise their children as “hothouse plants” and measure their success by their children’s educational and career accomplishments. Poor mothers raise their children as “field plants,” expected to grow naturally, expecting few educational and career accomplishments.

Poor women know that marriage is fragile, and so they make their primary emotional investments in their relationships with their children. A poor mother of a four-year-old son described him as her heart. She’ll have her son even if her marriage goes sour. She’ll say to her husband, ‘You leave! This boy is mine.’”

Natasha Warikoo’s book made me understand why so many people in my Silicon Valley neighborhood drive their children so hard to get into Ivy League and other prestigious colleges.

Graduating from prestigious colleges adds little financial well-being over graduating from less prestigious colleges, but it adds much life well-being in high social status. In the past, white upper-middle-class and wealthy families were almost always successful in placing their children into prestigious colleges, but in the last few decades, their children encountered competition from children of families who immigrated from China and India.

A white woman said that her children are very bright and very motivated but feel like average students because there were so many children of Chinese and Indian families who are even brighter and more motivated.

Members of the elite are different from the members of the working class in terms of college degrees and high incomes. I am a member of the elite. Marianne Cooper’s book helped me understand the lives of members of the working class as it places their financial and life well-being next to those of the elite.

Family is central to the life well-being of the working class. A working-class woman described her grandmother to her children as a woman who worked hard her whole life, and when she was old, she lived with her daughter and got a small amount of money from Social Security. But she would give the grandkids little amounts of money and say, “Here’s a little bit of Gran to take with you.”

In contrast, Cooper quotes the sad words of a child in an elite family whose father, a college graduate, earns high income as… show more.

Viviana Zelizer’s book told me the fascinating story of the cultural transition from a time when children provide to parents mostly financial well-being to a time when children provide only life well-being.

In the 18th century, in America, parents welcomed the arrival of their children mostly as workers when children were young and as security when parents were old. By the mid-19th century, however, parents of the urban elite welcomed their children mostly for their life well-being benefits in love, smiles, and successes that make parents proud.

Children, in Zelizer’s language, became ‘sacralized,’ economically worthless but emotionally priceless. By the early 20th century, working-class and poor parents joined elite parents in sacralizing their children. 

Among all recent non-academic books on the lives, deeds, and misdeeds of the super-rich across history, John Kampfner’s book is, in my view, the best.

Kampfner selects fascinating examples, ranging from the Classical Age until today, and does not limit himself to the West. His narrative is engaging and often witty.

This is not an academic book, but it is pretty well-researched. Although it makes some concessions to the “eat the rich” tendencies of our times, overall, the book provides a convincing and valuable picture of the sins (and less so, of the virtues) of the most affluent across history.

Ingrid Robeyns opens her book provocatively. She poses the question: ‘Can a person be too rich?’ Her answer is ‘yes’! I value this book because it opens bold new ways of thinking about what can be done about inequality. Robeyns coined the term ‘limitarianism’ to explore how democratic societies might enforce specific caps on wealth.

This limitarianism is, for Robeyns, a ‘regulative ideal’ that should inform government policy and regulation. While limitarianism may appear idealistic at first glance, I found Robeyns book to offer very practical solutions as they relate to providing true socially funded equal opportunity, implementing progressive taxation and wealth capping, and a re-orientating society to valuing equality.    

Many years ago, Kristin helped me to name that next gen can be “paralyzed by predecessor, privilege, and possibilities.” First-world problems that most people don’t get to experience. 

However, if you are the child of a successful entrepreneur or have inherited wealth and philanthropic interests to allocate, there can be real challenges with finding your purpose.

She’s now dedicated a whole book to finding your way through growing up with wealth to find a life full of meaning alongside the ability to make an impact.

The Millionaire Mind is a non-fiction book that provides a detailed analysis of the traits and characteristics of millionaires in the United States.

From the outside looking in or from what we are taught you understand that wealth was passed down and most rich people came from money or are extremely smart. Based on reading this book, I understand that it is a false narrative and in fact almost 95% of millionaires are self-made and were B & C students in college.

This book is what helped me actually change my beliefs on becoming a millionaire and made it a reality. Understanding that most millionaires were just like me but looked different and had similar backgrounds, I just followed the steps that they did and achieved the same goal.

This book will actually help you become a millionaire or at least help you understand it’s possible for anyone who applies… show more.

I learned a great deal from this book.

Although many people intuitively recognize that inequality is a serious problem, there is widespread doubt that anything can realistically be done about it. Saez and Zucman–perhaps the two most famous tax economists in the world–demolish this pessimism. In a clear, no-nonsense manner, they demonstrate that tax systems can easily fail but they can also be made to work.

The authors describe how rich people and corporations currently avoid tax, how tax havens function, and, most importantly of all, how an evidence-based tax system can be successfully built to prevent evasion and thereby meaningfully reduce inequality. 

Heather Richardson is one of our best historians. I love her brilliance, and I love that she knows the material well enough to explain it simply to the novice.

I read her previous book, and this next one didn't disappoint. If I could only read one book on how the USA has come to this, Democracy Awakening would be it. I recommend it for anyone who would finally like to try democracy in a USA where race no longer predicts outcomes!