A "rentier" is defined in the Random House Dictionary as "a person who has a fixed income, as from lands or bonds." The rentier class consists of those who essentially earn money off of investments instead of working on an hourly or daily wage. Many of the people who rent housing from rentiers -- in other words, renters -- live on another form of fixed income altogether: social security. Others work long hours at low-paying jobs. Renters often can't afford to own their apartments or homes, and, therefore, other entities -- including, increasingly, investment firms -- are financially benefiting from their need for shelter. Read more.
On this Presidents’ Day, let us all take a moment to gaze in awe at the ever-expanding field of 2020 candidates, which now officially includes California Sen. Kamala Harris, South Bend Mayor Pete Buttigieg, Minnesota Sen. Amy Klobuchar, former New Jersey Rep. John Delaney, New Jersey Sen. Cory Booker, Massachusetts Sen. Elizabeth Warren, New York Sen. Kirsten Gillibrand, former HUD Secretary Julian Castro, Hawaii Rep. Tulsi Gabbard and, of course, President Donald Trump. Read more.