“break the cycle: inequality of wealth and income” · 2019-11-16 · “break the cycle:...
TRANSCRIPT
“BREAK THE CYCLE: INEQUALITY OF WEALTH AND INCOME”
FOR 2015 SOCIAL JUSTICE CONFERENCE,
“ROOTED IN FAITH - CREATING AN ECONOMY OF INCLUSION”
BRISTOL, CT JUNE 13, 2015
D O U G L A S H A L L , P H . D . H A L L D J H 6 5 @ G M A I L . C O M @ H A L L D J H
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“THERE’S SOMETHING HAPPENING HERE…[WHAT IT IS AIN’T EXACTLY CLEAR]” BUFFALO SPRINGFIELD,
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#FIGHTFOR15 GOES MAINSTREAM
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#HANDSUP DONTSHOOT
#ICANTBREATHE
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#PoolParty
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April 2015: CT = 6.3% US = 5.4%
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STARK AND GROWING DISPARITY IN CT INCOMES
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PERCEPTIONS OF WEALTH INEQUALITY
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WHAT AMERICANS THINK…
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ACTUAL DISTRIBUTION OF WEALTH
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https://www.youtube.com/watch?v=QPKKQnijnsM
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http://prospect.org/article/racial-wealth-gap
MEDIAN NET WORTH (US, 2010)
SHARE OF ALL NET WORTH HELD BY EACH RACE (US, 2010)
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CONNECTING THE DOTS: FROM ROOT CAUSES…
Wealth Inequality
Poverty
Income Inequality
Racial Disparities
White Privilege
Gender Based Discrimination
Others?? 41
…TO MANIFESTATIONS
Homelessness
Hunger/Food Insecurity
Disparities in Educational Attainment
Disparities in Judicial Sentencing/Incarceration
Unequal Access to…[take your pick]
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Myths Education Mobility Trickle Down
Fixes Trade Full employment Tax Fairness Labor Standards Financial Regulations
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INEQUALITY.IS
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Not an exhaustive list. What else should be here?
THE URBAN INSTITUTE’S LIST OF POLICY FIXES • Limit the mortgage interest tax deduction and use the revenues
to provide a credit for first-time homebuyers. • Establish automatic savings in retirement plans. • Offer matched savings such as universal children's savings
accounts. • Reform safety net program asset tests, which can act as barriers
to saving among low-income families. • Promote emergency savings with incentives linked to savings at
tax time. • Reduce reliance on student loans while supporting success in
postsecondary education. Source: http://datatools.urban.org/Features/wealth-inequality-charts/
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WAGE BASED FIXES
ANY policy that shifts balance of power towards the employee increases compensation, raises up the “floor”, and grows and strengthens the middle class.
Increased minimum wages Paid sick days Family leave Enforcement of overtime rules, cracking down on wage theft.
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