Public policies can either fuel or ease racial disparities in wealth. This report marks the first-ever systematic analysis of the impact of different policies, highlighting the policies that could help erase the racial wealth gap.
A Hawaii Partnership Bank will generate new revenue for Hawaii, save local governments money, and make us less dependent on big offshore banks that are dramatically reshaping life for families and businesses in Hawaii.
To fairly evaluate any higher education reform proposal, we must understand the ways that these dual burdens—less wealth and more debt—lead to worse outcomes for Black students than white students.
Without the Consumer Financial Protection Bureau, lenders preying on communities of color would continue to pull in windfall gains, while widening the racial wealth gap and undermining the precarious financial stability of vulnerable households.
To succeed in 2018 and 2020, Democrats need to run campaigns that actually motivate people to get out and vote, especially 20-somethings and struggling people of all races.
That means running unapologetically on the belief that inclusion and diversity is our nation’s strength, that government can and should ensure opportunity and a decent standard of living for its people and that democracy should work for the people, not just the wealthy and corporations.
f the Trump Commission uses the data it says it wants to use, it will target this group of citizens with false allegations of illegal voting. We must fight against the purges of these voters, because in America, it is assumed that there are no two classes of citizenship, regardless of what the current President believes.
That kind of polarization may only intensify in coming years. In a blog post today at Demos, a left-leaning think tank, Sean McElwee points out that young Democratic primary voters and donors are both more liberal than other democrats their age and more liberal than older primary voters and donors. All of that means that the Democratic party will soon be pulled further left, McElwee predicts. [...]
Rather than try to dismantle one of the few tools we have to keep this problem from getting worse, this administration should take a more nuanced and comprehensive approach toward making our campuses more reflective of our society, particularly for the most diverse generation of students ever.
The Congressional Black Caucus budget should be implemented because it calls for racial equity in future infrastructure and investments; improving public transit infrastructure, noting that people of color are heavy users of it; and school infrastructure, saying that modernized buildings held reduce achievements gaps.
Even before the Equifax breach, the integrity of credit reports was murky at best. A Federal Trade Commission report found that as many as one in five consumers had a credit error from one of the top reporting agencies (Equifax, Experian, and TransUnion). But the fundamental problem isn’t data integrity—it’s economic justice. According to a survey by the think tank Demos, declining credit was associated more with misfortunes and unforeseeable crises than with a lack of financial responsibility.
Democrats have all kinds of ways of addressing this problem. One would be to cultivate the class identity of white voters by embracing populist rhetoric that paints “the billionaire class” as an out-group they can define themselves against. Another would be to invest more resources into registering nonwhite voters. According to the Census Bureau, 74 percent of non-Hispanic whites are registered to vote in the United States.
A 2013 survey by Demos, a public policy organization that combats inequality, showed that 10 percent of respondents who were unemployed had been informed that they would not be hired because of some facet of their credit history. The same survey indicated that 1 out of every 7 job applicants with “blemished credit histories” had been told they were not hired because of their credit history. [...]
The Black Census Project is intended to “give us a better sense of who black people are, where we are, and what we hope and dream for,” says Alicia Garza who also helped start the Black Lives Matter movement.
Between March 2017 and March 2018, union members’ approval of Trump fell 15 points, to 47 percent. In more than two dozen interviews with union members, many blasted Trump’s tax cut, arguing most of the benefits will flow to corporations and wealthy people. [...]