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We Must Talk About Race to Fix Economic Inequality

In a new video with MoveOn, Demos President Heather McGhee and Demos Distinguished Senior Fellow Ian Haney Lopéz show how the single most important solution to economic inequality isn’t an economic policy, it’s tackling racism.

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A man in a reflective safety vest walks down a city sidewalk holding hands with a young girl, a hard hat and thermos in his other hand, while an older girl walks alongside them.

Structural Solution: Public Dollars for Worker Power

When governments use the power of the purse to create good jobs, workers, families, and communities benefit. Strong labor standards raise wages, improve job quality, and expand economic stability—helping build a more equitable economy for all. 

Policy Briefs
A woman and man smile at each other as they stand inside a house under construction, surrounded by exposed wood framing.

Structural Solution: Public Banks

Public banks keep public money working for the public. By giving communities control over how public dollars are invested, public banks can reduce costs, expand access to capital, strengthen local economies, and build long-term economic and political power for Black and brown communities. 

Policy Briefs
Candace Milner
A woman and young child ride a city bus with a bag of groceries.

Populist Policy: Wealth Tax

When we tax extreme wealth and invest the revenue in public goods, we can reduce the racial wealth divide, foster economic security, strengthen democracy, and build a more prosperous economy for everyone.  

Policy Briefs
Eliana Golding