A Cheap, Race-Neutral Way to Close the Racial Wealth Gap

[WhiskeyGrinder]

1. It's a good idea. Here are some others:

https://inequality.org/great-divide/white-supremacy-pre-existing-condition/

The racial wealth divide is where the past shows up in the present. The glaring gap in wealth reflects the multigenerational history of white supremacy in the United States and the systematic denial of wealth-building opportunities to Black people. Chattel slavery, Jim Crow, segregation, and predatory loans are reflected in the wide disparities in bank accounts, homeownership, financial wealth, and overall well-being between white people and Black and Latino people in the United States.

In our new report, White Supremacy is the Pre-existing Condition, we found that the concentration of wealth has surged during the pandemic, further exacerbating an already extreme racial wealth divide.

(snip)

First, there are the emergency measures that can be enacted now, in the midst of the pandemic:

Improved racial data collection as part of emergency audits
Racial equity audits of crisis relief and recovery policies
Income support that expands to guaranteed income
Postal banking
Medicare for all
Expanding inclusive housing and ownership
Federal jobs guarantee with living wage
Baby bonds [as mentioned]