Download or read book The Color of Wealth written by Barbara Robles and published by The New Press. This book was released on 2006-06-05 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: For every dollar owned by the average white family in the United States, the average family of color has less than a dime. Why do people of color have so little wealth? The Color of Wealth lays bare a dirty secret: for centuries, people of color have been barred by laws and by discrimination from participating in government wealth-building programs that benefit white Americans. This accessible book—published in conjunction with one of the country's leading economics education organizations—makes the case that until government policy tackles disparities in wealth, not just income, the United States will never have racial or economic justice. Written by five leading experts on the racial wealth divide who recount the asset-building histories of Native Americans, Latinos, African Americans, Asian Americans, and European Americans, this book is a uniquely comprehensive multicultural history of American wealth. With its focus on public policies—how, for example, many post–World War II GI Bill programs helped whites only—The Color of Wealth is the first book to demonstrate the decisive influence of government on Americans' net worth.
Download or read book Bridging the Wealth Gap in America written by Daniel Magee and published by Independently Published. This book was released on 2023-08-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the land of opportunity, where dreams are said to come true, there is still a major contrast between the haves and the have-nots. This is a story of America, a nation grappling with a problem that has persisted for generations-the noticeable gap in financial security. It is a multifaceted issue that touches the lives of millions, trapping individuals and families in a cycle of poverty while opening up the gates of opportunity for others. But the time has come for change. It is time to challenge the status quo and seek new solutions to bridge this deep divide. In this ebook, we will explore the complex dynamics of the wealth gap in America and unravel the habits and conditioning that perpetuate the poverty syndrome. We will dare to see another possibility. The possibility that comes with knowledge, training and wealth principles that will push every household to the status of sound financial securit y. 1-Only in America It's 5 pm on a Tuesday and I am stuck in traffic heading home from work when my friend decides to scan the radio station. I'm sure he was looking for some hip hop and R&B when suddenly I hear that country song by Brooks and Dunn "Only in America." "Everybody gets a chance and we all get to dance" The song was not on long but the words temporarily lingered in my head. I began to ask myself, Is that true? And if it is, is there a level playing ground when it comes to acquiring the American dream? To give credence to the song, it says you can come from anywhere trying to get somewhere. You've got a chance. You might win and you might not. I just went on with my thoughts and said only in America. An immigrant can receive paid housing, education and business grants while working class Americans can struggle to pay rent, start a business and put food on the table. Only in America one can pass down a billion dollar empire while another is lucky his funeral expenses are fully covered. Only in America can a last name make you an instant board member, an approved job candidate or blacklisted kid that's about to get the book thrown at him. That's when it hit me. "There's a wealth gap somewhere". Now that I have your attention, let me tell you why I have written this book. Some may think I plan to belabor and complain about the social financial, and cultural disadvantages that exist between certain classes of society. And if we are truthful, there are both social advantages and disadvantages in the financial structure of America. However, I am from the school of thought that says complaining and lamenting usually leads you back square one. This book is written to uncover the contributing factors that create this social construct in an effort to raise the social and financial status of every household. Take for example, all knowledge is good for understanding and once it is revealed, we can implement the tools to reshape our financial destiny. I would therefore say that there are wisdom keys to be found in this book. (Proverbs 4:7) 7 Wisdom is the principal thing; therefore get wisdom: and with all of thy getting, get understanding. The ability to know what you have not known, and do what you have not done comes when we are ready to close the the gap and possess every man or woman's rightful inheritance in this land. 2-Something has to Change I like promises, don't you? Especially the kept ones. That's why I serve the living God who cannot deny his word. He says,"My covenant will I not break, nor alter the thing that I have spoken." The issue with promises is that they are not always kept. This can lead to great emotional damage and financial loss. I'm reminded of a promise that was made by the US government around a century and a half ago. The civil war was coming to an end and so was the slavery built economy. There was a promise given to the newly freed men signed by President Lincoln himself
Download or read book Toxic Inequality written by Thomas M. Shapiro and published by Basic Books. This book was released on 2017-03-14 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: From a leading authority on race and public policy, a deeply researched account of how families rise and fall today Since the Great Recession, most Americans' standard of living has stagnated or declined. Economic inequality is at historic highs. But inequality's impact differs by race; African Americans' net wealth is just a tenth that of white Americans, and over recent decades, white families have accumulated wealth at three times the rate of black families. In our increasingly diverse nation, sociologist Thomas M. Shapiro argues, wealth disparities must be understood in tandem with racial inequities -- a dangerous combination he terms "toxic inequality." In Toxic Inequality, Shapiro reveals how these forces combine to trap families in place. Following nearly two hundred families of different races and income levels over a period of twelve years, Shapiro's research vividly documents the recession's toll on parents and children, the ways families use assets to manage crises and create opportunities, and the real reasons some families build wealth while others struggle in poverty. The structure of our neighborhoods, workplaces, and tax code-much more than individual choices-push some forward and hold others back. A lack of assets, far more common in families of color, can often ruin parents' careful plans for themselves and their children. Toxic inequality may seem inexorable, but it is not inevitable. America's growing wealth gap and its yawning racial divide have been forged by history and preserved by policy, and only bold, race-conscious reforms can move us toward a more just society. "Everyone concerned about the toxic effects of inequality must read this book." -- Robert B. Reich "This is one of the most thought-provoking books I have read on economic inequality in the US." -- William Julius Wilson
Download or read book From Here to Equality Second Edition written by William A. Darity Jr. and published by UNC Press Books. This book was released on 2022-07-27 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: Racism and discrimination have choked economic opportunity for African Americans at nearly every turn. At several historic moments, the trajectory of racial inequality could have been altered dramatically. But neither Reconstruction nor the New Deal nor the civil rights struggle led to an economically just and fair nation. Today, systematic inequality persists in the form of housing discrimination, unequal education, police brutality, mass incarceration, employment discrimination, and massive wealth and opportunity gaps. Economic data indicates that for every dollar the average white household holds in wealth the average black household possesses a mere ten cents. This compelling and sharply argued book addresses economic injustices head-on and make the most comprehensive case to date for economic reparations for U.S. descendants of slavery. Using innovative methods that link monetary values to historical wrongs, William Darity Jr. and A. Kirsten Mullen assess the literal and figurative costs of justice denied in the 155 years since the end of the Civil War and offer a detailed roadmap for an effective reparations program, including a substantial payment to each documented U.S. black descendant of slavery. This new edition features a new foreword addressing the latest developments on the local, state, and federal level and considering current prospects for a comprehensive reparations program.
Download or read book U S Health in International Perspective written by National Research Council and published by National Academies Press. This book was released on 2013-04-12 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is among the wealthiest nations in the world, but it is far from the healthiest. Although life expectancy and survival rates in the United States have improved dramatically over the past century, Americans live shorter lives and experience more injuries and illnesses than people in other high-income countries. The U.S. health disadvantage cannot be attributed solely to the adverse health status of racial or ethnic minorities or poor people: even highly advantaged Americans are in worse health than their counterparts in other, "peer" countries. In light of the new and growing evidence about the U.S. health disadvantage, the National Institutes of Health asked the National Research Council (NRC) and the Institute of Medicine (IOM) to convene a panel of experts to study the issue. The Panel on Understanding Cross-National Health Differences Among High-Income Countries examined whether the U.S. health disadvantage exists across the life span, considered potential explanations, and assessed the larger implications of the findings. U.S. Health in International Perspective presents detailed evidence on the issue, explores the possible explanations for the shorter and less healthy lives of Americans than those of people in comparable countries, and recommends actions by both government and nongovernment agencies and organizations to address the U.S. health disadvantage.
Download or read book The Color of Money written by Mehrsa Baradaran and published by Harvard University Press. This book was released on 2017-09-14 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Read this book. It explains so much about the moment...Beautiful, heartbreaking work.” —Ta-Nehisi Coates “A deep accounting of how America got to a point where a median white family has 13 times more wealth than the median black family.” —The Atlantic “Extraordinary...Baradaran focuses on a part of the American story that’s often ignored: the way African Americans were locked out of the financial engines that create wealth in America.” —Ezra Klein When the Emancipation Proclamation was signed in 1863, the black community owned less than 1 percent of the total wealth in America. More than 150 years later, that number has barely budged. The Color of Money seeks to explain the stubborn persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks. With the civil rights movement in full swing, President Nixon promoted “black capitalism,” a plan to support black banks and minority-owned businesses. But the catch-22 of black banking is that the very institutions needed to help communities escape the deep poverty caused by discrimination and segregation inevitably became victims of that same poverty. In this timely and eye-opening account, Baradaran challenges the long-standing belief that black communities could ever really hope to accumulate wealth in a segregated economy. “Black capitalism has not improved the economic lives of black people, and Baradaran deftly explains the reasons why.” —Los Angeles Review of Books “A must read for anyone interested in closing America’s racial wealth gap.” —Black Perspectives
Download or read book Black Wealth White Wealth written by Melvin L. Oliver and published by Taylor & Francis. This book was released on 2006 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors analyse wealth - total assets and debts rather than income alone - to uncover deep and persistent racial inequality in America, and show how public policies fail to redress this problem.
Download or read book Closing the Wealth Gap written by Tyrone French and published by iUniverse. This book was released on 2017-08-16 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: America’s widening wealth gap has caused people like Warren Buffet to publicly say, “Rich people have too much money!” The United States is quickly becoming a nation with two distinct economic societies—the haves and the have-nots! The new economy also comes with a new set of rules. The number one rule is this: you’re on your own! However, you do have a choice. Take control of your personal finances and become a wealth builder, or keep doing what you’re doing. I hope that you choose the former. Let’s close America’s wealth gap. Either way, I’ll leave it up to you!
Download or read book Income Inequality written by Brian Keeley and published by Org. for Economic Cooperation & Development. This book was released on 2015-12-21 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Income inequality is rising. A quarter of a century ago, the average disposable income of the richest 10% in OECD countries was around seven times higher than that of the poorest 10%; today, it's around 9½ times higher. Why does this matter? Many fear this widening gap is hurting individuals, societies and even economies. This book explores income inequality across five main headings. It starts by explaining some key terms in the inequality debate. It then examines recent trends and explains why income inequality varies between countries. Next it looks at why income gaps are growing and, in particular, at the rise of the 1%. It then looks at the consequences, including research that suggests widening inequality could hurt economic growth. Finally, it examines policies for addressing inequality and making economies more inclusive.
Download or read book Communities in Action written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-04-27 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.
Download or read book Beyond Broke written by and published by . This book was released on 2014 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite overwhelming evidence that the racial wealth gap persists in the U.S., it remains a taboo topic in mainstream policy circles and most officials studiously avoid offering targeted solutions to help close this gap. However, this issue is ignored at our nation's peril given the anticipated growth of racial and ethnic groups over the next few decades. Beyond Broke: Why Closing the Racial Wealth Gap is a Priority for National Economic Security uses the most recently available data from the U.S. Census Bureau's Survey of Income and Program Participation (SIPP) along with the National Asset Scorecard in Communities of Color (NASCC) to highlight the current state of America's racial wealth gap. The report also provides an in-depth analysis of housing wealth and liquid wealth, while also evaluating how wealth disparities manifest across racial and ethnic categories and within racial and ethnic subpopulations in four geographically diverse U.S. cities.
Download or read book Born on Third Base written by Chuck Collins and published by Chelsea Green Publishing. This book was released on 2016 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: "With the heart of an agitator and the soul of a storyteller, inequality expert Chuck Collins upends our assumptions about America's deep wealth divide - one that, for the first time in recent history, locks the nation's youth into a future defined by their class and wealth at birth; limits our ability to address crises like climate change; and creates a world that no one, not even the rich, will ultimately want to live in. In [this book], Collins calls for an end to class war, busts the myths that define our views of rich and poor, and offers bold new solutions for bridging the economic divide and re-engaging the wealthy in rebuilding communities for a resilient future."--
Download or read book Closing The Racial Wealth Gap written by Eugene Mitchell and published by . This book was released on 2019-06-18 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: From his unique executive-level position at a Fortune 100 Company for almost two decades, Eugene Mitchell observed how other races, religions and ethnic groups use financial tools and strategies in ways that significantly advanced their communities. Many of these concepts were vastly different to those being employed in African-American communities, because of a difference in implementation and access. With that in mind, Eugene initiated and completed one of his highest celebrated corporate accomplishments-the $50 Billion Empowerment Plan for creating Black wealth in America. The initiative amassed $50 Billion of income protection and future income for over 340,000 Black families, using life insurance as the foundational asset. In this book Eugene Mitchell shares the "7 Untold Rules," that everyone can apply, to create financial prosperity and an intergenerational legacy. Join Eugene in this movement toward your financial empowerment and a collective community transformation.
Download or read book Part 1 written by Henry E Parkins and published by Independently Published. This book was released on 2024-01-31 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introducing "Addressing the Wealth Gap: Solutions for Creating a More Equitable Economy" a groundbreaking exploration into one of the most pressing issues of our time. In this thought-provoking book, we delve deep into the heart of economic inequality and present bold, innovative solutions aimed at building a fairer and more inclusive society. With incisive analysis and compelling insights, "Addressing the Wealth Gap" shines a spotlight on the root causes of wealth inequality, from systemic injustices to entrenched disparities in opportunity. Through a comprehensive examination of economic policies, social structures, and cultural norms, we uncover the intricate web of factors that perpetuate wealth inequality and hinder upward mobility for millions of individuals and families. But this book is more than just an exposé of the problem it is a roadmap for action, a blueprint for building a more just and equitable economy for all. Drawing on the latest research, real-world examples, and expert analysis, we present a series of pragmatic, actionable solutions designed to bridge the wealth gap, empower marginalized communities, and create pathways to prosperity for every American. From progressive tax reforms to targeted investment in education, job training, and small business development, "Addressing the Wealth Gap" offers a bold vision for a future where opportunity knows no bounds and success is within reach for all who aspire to achieve it. Through collective action and a shared commitment to social justice, we can build a brighter, more prosperous future for generations to come. Whether you are a policymaker, a business leader, an activist, or simply a concerned citizen, "Addressing the Wealth Gap" is essential reading for anyone who believes in the power of economic equity to transform lives and strengthen communities. Join us on this transformative journey as we work together to create a more equitable and inclusive economy for all.
Download or read book The Divide written by Matt Taibbi and published by Random House. This book was released on 2014-04-08 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER • NAMED ONE OF THE BEST BOOKS OF THE YEAR BY THE WASHINGTON POST, NPR, AND KIRKUS REVIEWS A scathing portrait of an urgent new American crisis Over the last two decades, America has been falling deeper and deeper into a statistical mystery: Poverty goes up. Crime goes down. The prison population doubles. Fraud by the rich wipes out 40 percent of the world’s wealth. The rich get massively richer. No one goes to jail. In search of a solution, journalist Matt Taibbi discovered the Divide, the seam in American life where our two most troubling trends—growing wealth inequality and mass incarceration—come together, driven by a dramatic shift in American citizenship: Our basic rights are now determined by our wealth or poverty. The Divide is what allows massively destructive fraud by the hyperwealthy to go unpunished, while turning poverty itself into a crime—but it’s impossible to see until you look at these two alarming trends side by side. In The Divide, Matt Taibbi takes readers on a galvanizing journey through both sides of our new system of justice—the fun-house-mirror worlds of the untouchably wealthy and the criminalized poor. He uncovers the startling looting that preceded the financial collapse; a wild conspiracy of billionaire hedge fund managers to destroy a company through dirty tricks; and the story of a whistleblower who gets in the way of the largest banks in America, only to find herself in the crosshairs. On the other side of the Divide, Taibbi takes us to the front lines of the immigrant dragnet; into the newly punitive welfare system which treats its beneficiaries as thieves; and deep inside the stop-and-frisk world, where standing in front of your own home has become an arrestable offense. As he narrates these incredible stories, he draws out and analyzes their common source: a perverse new standard of justice, based on a radical, disturbing new vision of civil rights. Through astonishing—and enraging—accounts of the high-stakes capers of the wealthy and nightmare stories of regular people caught in the Divide’s punishing logic, Taibbi lays bare one of the greatest challenges we face in contemporary American life: surviving a system that devours the lives of the poor, turns a blind eye to the destructive crimes of the wealthy, and implicates us all. Praise for The Divide “Ambitious . . . deeply reported, highly compelling . . . impossible to put down.”—The New York Times Book Review “These are the stories that will keep you up at night. . . . The Divide is not just a report from the new America; it is advocacy journalism at its finest.”—Los Angeles Times “Taibbi is a relentless investigative reporter. He takes readers inside not only investment banks, hedge funds and the blood sport of short-sellers, but into the lives of the needy, minorities, street drifters and illegal immigrants. . . . The Divide is an important book. Its documentation is powerful and shocking.”—The Washington Post “Captivating . . . The Divide enshrines its author’s position as one of the most important voices in contemporary American journalism.”—The Independent (UK) “Taibbi [is] perhaps the greatest reporter on Wall Street’s crimes in the modern era.”—Salon
Download or read book Engine of Inequality written by Karen Petrou and published by John Wiley & Sons. This book was released on 2021-03-03 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first book to reveal how the Federal Reserve holds the key to making us more economically equal, written by an author with unparalleled expertise in the real world of financial policy Following the 2008 financial crisis, the Federal Reserve’s monetary policy placed much greater focus on stabilizing the market than on helping struggling Americans. As a result, the richest Americans got a lot richer while the middle class shrank and economic and wealth inequality skyrocketed. In Engine of Inequality, Karen Petrou offers pragmatic solutions for creating more inclusive monetary policy and equality-enhancing financial regulation as quickly and painlessly as possible. Karen Petrou is a leading financial-policy analyst and consultant with unrivaled knowledge of what drives the decisions of federal officials and how big banks respond to financial policy in the real world. Instead of proposing legislation that would never pass Congress, the author provides an insider's look at politically plausible, high-impact financial policy fixes that will radically shift the equality balance. Offering an innovative, powerful, and highly practical solution for immediately turning around the enormous nationwide problem of economic inequality, this groundbreaking book: Presents practical ways America can and should tackle economic inequality with fast-acting results Provides revealing examples of exactly how bad economic inequality in America has become no matter how hard we all work Demonstrates that increasing inequality is disastrous for long-term economic growth, political action, and even personal happiness Explains why your bank's interest rates are still only a fraction of what they were even though the rich are getting richer than ever, faster than ever Reveals the dangers of FinTech and BigTech companies taking over banking Shows how Facebook wants to control even the dollars in your wallet Discusses who shares the blame for our economic inequality, including the Fed, regulators, Congress, and even economists Engine of Inequality: The Fed and the Future of Wealth in America should be required reading for leaders, policymakers, regulators, media professionals, and all Americans wanting to ensure that the nation’s financial policy will be a force for promoting economic equality.
Download or read book Capital and Ideology written by Thomas Piketty and published by Harvard University Press. This book was released on 2020-03-10 with total page 1105 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times Bestseller An NPR Best Book of the Year The epic successor to one of the most important books of the century: at once a retelling of global history, a scathing critique of contemporary politics, and a bold proposal for a new and fairer economic system. Thomas Piketty’s bestselling Capital in the Twenty-First Century galvanized global debate about inequality. In this audacious follow-up, Piketty challenges us to revolutionize how we think about politics, ideology, and history. He exposes the ideas that have sustained inequality for the past millennium, reveals why the shallow politics of right and left are failing us today, and outlines the structure of a fairer economic system. Our economy, Piketty observes, is not a natural fact. Markets, profits, and capital are all historical constructs that depend on choices. Piketty explores the material and ideological interactions of conflicting social groups that have given us slavery, serfdom, colonialism, communism, and hypercapitalism, shaping the lives of billions. He concludes that the great driver of human progress over the centuries has been the struggle for equality and education and not, as often argued, the assertion of property rights or the pursuit of stability. The new era of extreme inequality that has derailed that progress since the 1980s, he shows, is partly a reaction against communism, but it is also the fruit of ignorance, intellectual specialization, and our drift toward the dead-end politics of identity. Once we understand this, we can begin to envision a more balanced approach to economics and politics. Piketty argues for a new “participatory” socialism, a system founded on an ideology of equality, social property, education, and the sharing of knowledge and power. Capital and Ideology is destined to be one of the indispensable books of our time, a work that will not only help us understand the world, but that will change it.
