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The Ever-Growing Gap: Failing to Address the Status Quo Will Drive the Racial Wealth Divide for Centuries to Come

Chuck Collins, Dedrick Asante-Muhammed, Josh Hoxie and Eman
Institute for Policy Studies
The typical millionaire receives about $145,000 in public tax benefits, while working families get a grand total of $174 on average. In 2043, minorities will be the majority and the will have doubled. The lingering effects of generations of discriminatory and wealth-stripping practices have left black and Latino households far behind white families, and may impact their economic trajectories in the decades to come.

Economic Policy That Doesn't Confront the Rise in Inequality Head-On Will Do Nothing to Help the Vast Majority of American Families

Josh Biven
Economic Policy Institute
Using policy to shift economic power and make U.S. incomes grow fairer and faster. Boosting income growth for the bottom 90 percent requires a policy agenda that explicitly aims to halt or reverse the rise in inequality. Finding no relationship between rising inequality and faster growth means raising living standards for the bottom 90 percent can likely be better for overall growth.

Activists Need to Realize that Most Americans Actually Agree With Them

George Lakey
Waging Nonviolence
A large majority of Americans, 68 percent, in a recent ABC/Washington Post poll said our economic system favors the rich rather than the majority. About half of those who said they were Republicans agreed. Economist Joseph Stiglitz has been following opinion research and consistently found that the percentages of those who see too much wealth inequality were high among men and women, Democrats and Republicans, people with lower incomes, even those with higher incomes.

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