Cities and states are experimenting with trust fund accounts to narrow the racial wealth divide.
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Economic Justice
Combating inequality means both lifting up and building power at the bottom, and breaking up concentration of wealth and power at the top. That’s why we work at the intersection of economic and racial justice through projects designed to build leadership and self-empowerment of black workers, immigrant workers, and low-wage workers, youth and families affected by incarceration, along with projects aiming to reverse the rules that criminalize poor people of color, and projects fighting to ensure that the wealthy and Wall Street corporations pay their fair share of taxes.
Latest Work
Congress Takes Historic Step to Tax Stock Buybacks
This provision of the Inflation Reduction Act will discourage corporations from siphoning resources from worker wages and productive investments for share repurchases that inflate CEO pay.
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Baseball Immortality Meets Ungodly Inequality
Superstar Juan Soto gets a new team. His fans get heartbreak. His owners get richer.
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A Proposed Wealth Tax on Colombia’s 4,700+ Richest Would Raise $1 Billion
An Institute for Policy Studies analysis of the progressive tax proposed by incoming Colombian President Gustavo Petro would impact a small percentage of the nation’s wealthiest while raising millions to address widening inequality.
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The Great Migration Failed to Bridge the Racial Wealth Divide. What’s Next?
Real and lasting economic opportunities for Black families will come only through a serious national reckoning on race.
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The Rise of the Monster DAFs
Rising like monsters from the deep, donor-advised funds (DAFs) have finally caught up with foundations as the wealthy donor’s charitable warehousing vehicle of choice — and are poised to eclipse them.
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From the Wall Street Journal: A Deeply Flawed CEO Pay Analysis
The paper’s ‘corporate effectiveness’ lens mischaracterizes the views of management visionary Peter Drucker on pay equity and employee empowerment.
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It’s Time to Crack Down on Excessive CEO Pay
The pay gap between workers and CEOs at America’s largest low-wage employers is now 670 to 1. That’s obscene.
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Reining in Philanthropic Megadonors: What the Data Tell Us Is Needed
While megadonor gifts are celebrated, the growing dominance of large donors speaks to an erosion of democratic values. This must be addressed now.
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Etsy Sellers Strike for a Fairer Marketplace
Artisans rely on Etsy to market their creations, but the platform’s profit-maximizing policies hurt more than they help. Here’s why the sellers went on strike.
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Reports
REPORT: Homecoming: The Greater Birmingham Community Speaks on Regional Cooperation and a More Inclusive Economy
Greater Birmingham, AL, has experienced a resurgence in economic growth and civic engagement. Yet the benefits of this prosperity are not widely shared.
IPS Brief: Mining Companies Use Trade Agreements to Attack Indigenous Rights in Colombia and Beyond
With our allies, we’ve prepared a legal brief to support the Wayúu people’s rights to water, health, and food sovereignty in Colombia.
Report: Gilded Giving 2022
Our nation’s charitable system is in danger of becoming a taxpayer-subsidized platform of private power for the ultra-wealthy.
The Other Side of the Storm
What Do Black Immigrant Domestic Workers in the Time of Covid-19 Teach Us About Building a Resilient Care Infrastructure?