(COMMON DREAMS) Eoin Higgins, April 16, 2019
A new report is offering forward-looking solutions to help bridge the racial wealth divide in America.
“If the past several decades are to teach us anything about race and wealth, it should be that the racial wealth divide will not be closed without a structural change to the status quo.” — Chuck Collins, Inequality.org
Ten Solutions to Bridge the Racial Wealth Divide was released Tuesday by the Institute for Policy Studies and the Kirwan Institute for the Study of Race and Ethnicity, along with the National Community Reinvestment Coalition.
The report provides an analysis of the ethnic and racial backgrounds of people most impacted by wealth inequality in the U.S. and proposes a set of 10 programs to reverse the trend.
Those proposals are:
- Baby Bonds
- Guaranteed Employment and a Significantly Higher Minimum Wage
- Affordable Housing
- Medicare for All
- Postal Banking
- Higher Taxes for the Ultra-Wealthy
- Fixes to Upside-Down Tax Expenditures
- A Congressional Committee on Reparations
- Data Collection on Race and Wealth
- A Racial Wealth Analysis
The National Community Reinvestment Coalition’s chief of equity and inclusion, Dedrick Asante-Muhammad, said that the list of solutions was meant as a road map for policymakers.
Source: Common Dreams