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A newly released report provides the first-ever comprehensive study of how municipal level elections and policymaking are dominated by big donors. How Chicago’s White Donor Class Distorts City Policy shows that in the 2015 Chicago mayoral election, candidates raised more than 90 percent of their funds from donors giving over $1,000.

However, money still matters a lot, and it probably matters more on the local and state level than it does nationally. As McElwee notes, the donor class has sharply different ideological beliefs than the public at large. For obvious reasons, they tend to resist the tax increases necessary to pay for better services, and tend to support "centrist" austerity derp like the Bowles-Simpson program. In other words, they're more conservative.

Increased rates of delinquency, particularly among poor and minority citizens, also expose borrowers to job market discrimination. Some employers use credit checks as part of their hiring process, a practice that many argue is unduly burdensome and prevents Americans from getting the jobs they need to effectively pay off their student loans.

2016 will likely be remembered for a deeply polarizing presidential election that brought out huge numbers of voters. It should also be remembered for massive voter disenfranchisement.

In this election season, reining in Wall Street is clearly a burning issue for many voters. The passion for Wall Street reform is closely wrapped up with working class anger and anxiety driven by wage stagnation and economic insecurity, all within a climate of accelerating wealth and income inequality.

Washington College’s initiative could encourage students to finish school, said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. “It’s certainly a good thing,” Heulsman said. “It can provide an incentive for students to complete and we know that the student debt crisis is fueled in large part by those who take on debt but don’t graduate.”

This idea has gotten some play in Washington circles. On the right, American Enterprise Institute's Andrew Biggs has proposed replacing Social Security with a basic income set at the poverty line, plus an automatic savings program.