9/1/23: Partisan Hate Reaches New Highs, Almost Half American Homes Owned By Non Primary Resident, Millionaires Claim Financial Insecurity, Spanish Soccer Kiss Controversy, Late Night Hosts Start Podcast
This week on the podcast, they discuss the rise of partisan hate in society, the controversial case of sexual misconduct and its consequences, the Catalan independence issue in Spain, Spanish soccer controversy, and the impact of the Trump era on comedy and late-night shows.
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Quick takeaways
Partisan hatred has reached all-time highs in politics, leading to negative valence and voters supporting candidates against something rather than for something.
Declining rates of home ownership in America, especially among primary residents, contribute to the widening wealth divide and limit wealth-building opportunities for those unable to own homes.
Deep dives
Podcast Episode: The Impact of Tribalism on Politics
The podcast episode explores how tribalism has taken over politics, with both parties having high levels of animosity towards each other. The share of Republicans and Democrats who view the other party unfavorably is at an all-time high, leading to a negative valence in politics. This has resulted in voters supporting candidates who are running against something rather than for something. The rise of tribalism can be attributed to factors such as self-sorting, media polarization, and social media algorithms that reinforce partisan beliefs.
Podcast Episode: Declining Home Ownership Rates in America
The podcast episode highlights the declining rates of home ownership in America, particularly among primary residents. The decline has been accelerated by the unattainability of mortgages, high housing prices, and rising interest rates. As a result, a growing rentier class has emerged, consisting of boomer homeowners who are holding onto properties and increasing rents. This trend is concerning as it widens the class divide and limits the wealth-building opportunities for those who are unable to own their homes.
Podcast Episode: The Financial Insecurity of Wealthy Americans
The podcast episode discusses the surprising insecurity and poor feelings reported by wealthy Americans. The Bloomberg survey reveals that even those making over $175,000 a year, around the top 10% of tax filers, express feelings of being poor or struggling financially. This highlights the growing economic anxiety among the upper middle class, particularly related to rising housing, education, and healthcare costs. The wealth divide and worries about preserving economic status are key factors contributing to this sense of financial insecurity.
Podcast Episode: Late Night Hosts Launch Strike Fund Podcast
Late night hosts Jimmy Fallon, Stephen Colbert, Jimmy Kimmel, Seth Meyers, and John Oliver have joined forces to create a podcast called 'Strike Force Five' in support of the writers' strike. The podcast aims to generate funds for the striking writers by entertaining listeners. While the content may vary in quality, the solidarity demonstrated among the late night hosts highlights their support for the writers and their cause.
This week the Breaking Points team looks at Partisan hatred reaching all time highs and how we got here, a report showing less than 60% of American homes are owned by someone living in them, millionaires claiming they too feel financially insecure, Counterpoints looks at the controversial kiss from a Spanish Soccer chief, and the Late Night hosts have formed a new podcast during the strike called "Strike Force Five".