America’s Not Broke. Tax the Rich! 26:12
America’s Not Broke. Not Even Close. Tax the Rich!
Overall average individual wealth in the United States has risen 23 percent
since the year 2000, to $236,213 per American adult. But, wealth has
become incredibly more concentrated. We are taxing the dollars that go to
our ever-richer rich at levels far below the tax rates that America levied just
a few decades ago. Now, both an analysis of our current predicament and
a series of proposals that can help open our eyes to a far more equitable —
and brighter — future,
with
Meizhu Lui, Director of Closing the Racial Wealth Gap Initiative,
Insight Center for Community Economic Development
and
Chuck Collins, a senior scholar, Institute for Policy Studies (IPS)
and Director of IPS’s Program on Inequality and the Common Good.
Co-author of the recent report, Unnecessary Austerity, Unnecessary
Government Shutdown.
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Posts
July 12, 2011 at 6:28 AM
This was a great story. Taxing the rich is long over due. Blacks need to educated themselves more. Unemployment and underemployment is a disgrace. They also need to mind their own businesses. The fact that Blacks see their homes foreclosed on 3x as much as whites is really enervating. It comes from financial illiteracy and predatory lenders. This story is a wake up call to action--alarming. Thank you Building Bridges Radio.