As voters consider the various proposals on the table, they need to understand what the racial wealth gap is, where it comes from and why it’s important
While the racial wealth gap is an age-old problem that has long been ignored by policymakers, the slate of policy offerings in the 2020 field represents a sea change to the centrality of the racial wealth gap as a part of mainstream political debates. .Wealth, defined as someone’s assets minus their liabilities, represents a kind of freedom in America: It allows for self-determination and opportunity.
The wealth divide is rooted in the very foundation of American history. The American economy, after all, was built on slave labor – white landowners became wealthy preciselyof the labor they forced upon black Americans. Ultimately, today’s wealth gaps are the culmination of decades of discriminatory policy choices combined with outright racism.
Time and time again, policies that would have given black Americans a foundation upon which to build wealth didn’t come to fruition. Reconstruction-era calls for “
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What Voters Need To Know About The Racial Wealth GapWithout reckoning with our history and taking concrete steps to close the racial wealth gap, we are denying the American dream to millions across the country. Such stark inequities are bad for black Americans, bad for our economy and bad for our democracy.
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