A conversation with the head of a new think tank focused on curbing the excessive wealth of the nation's richest individuals.
How do we shift the narrative to convince a larger majority of the dangers of wealth hoarding at the top end of our economic ladder?
When I came back to the United States a year later, I started working at the Insight Center for Community Economic Development, a national think-and-do tank out of California, as its research director on their closing the racial wealth gap initiative. We talked a lot about wealth-building strategies for communities of color, structural impediments to wealth building for those communities, and the policy choices that have led to the massive racial wealth divide.
RE: So much of our country’s work on inequality focuses on lifting the bottom up and leveling the top down, meaning focusing on alleviating poverty without addressing the concentrations of wealth at the top end of our society. Why is it so important to make sure that those working in support of economic justice tackle both at the same time?If you look at the economic system we have and the disparities facing us today, those are all policy choices.
With the threshold at which our government can be captured by so much wealth, we need allies who are wealthy to join the struggle with us, especially the ultra-wealthy. It’s really about finding the words to convince and persuade our country and the entire world that this inequality is more damaging than it is worth. And I do feel that narrative shift is part of what has to happen.
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