The United States exhibits wider disparities of wealth than any other major developed nation. Over the past five decades, wealth has concentrated among the highest-income households, which are disproportionately white and male. In 2018, three white men held aggregate wealth greater than the aggregate wealth of one-half of all Americans. The median white household has 41 times more wealth than the median Black household and 22 times more wealth than the median Latinx household. On average women earn less than men in all industries. At the intersection of race and gender the gaps are even more shocking. Women of color are disproportionately poor suffering poverty rates of 21.4% Black women, 18.7% Latinas, and 22.8% Native American women, as compared to 7% for white men. Moreover, education, work, and marriage and other attributes that fall under the rubric of “personal responsibility” do not remedy these disparities.
In short, something must be done to reverse these racist trends. Tax and spending systems are the most profound fiscal tools under the government’s control. Come hear about how aspects of tax systems worsen inequality, especially the racial wealth gap.
Our presenter: Donnie Charleston is the Director of Policy & Advocacy for E Pluribus Unum, where he is responsible for developing the organization’s policy agenda and putting it to action, as well as overseeing public policy research and partnerships for the organization. Donnie previously served as Director of State & Local Fiscal Engagement for The Urban Institute. Charleston also has extensive experience in state and local government. A native of North Carolina, Donnie currently lives in Washington, D.C.
Free and open to the public, with donations encouraged. To donate click here
The presentation will not be recorded. To reserve your spot and receive a Zoom link, please register by October 18.