Fourth Post

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Knowing Our History to Rectify the Present: Black History Month with Webster (2021)

For Black History Month, the Institute hosts a policy series highlighting bold policy solutions in order to tackle anti-Black racism, focusing on the need for intergovernmental action. Each submission proposes a plan for governments to work together to tackle a problem; while serving as a guide for advocates working towards [what should be] our collective effort to eradicate anti-Black racism.

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WEALTH TAX: A Means to Addressing Contemporary Economic Inequality

For Black History Month, the Institute hosts a policy series highlighting bold policy solutions in order to tackle anti-Black racism, focusing on the need for intergovernmental action. Each submission proposes a plan for governments to work together to tackle a problem; while serving as a guide for advocates working towards [what should be] our collective effort to eradicate anti-Black racism.

This submission is an excerpt from the Broadbent Institute’s recent report, Addressing Economic Racism in Canada’s Pandemic Response and Recovery, that uncovers why Black, Indigenous and racialized people have been experiencing worse health and economic outcomes during the COVID-19 pandemic. Canada’s longstanding history of colonialism and systemic racism have resulted in economic disparities that have increased the likelihood of exposure to COVID-19, and the present-day widening of both the income and wealth gap between Black, Indigenous and Brown Canadians versus their White counterparts. The wealth gap, which expands the conversation of income inequality beyond how much money is accumulated through labour, refers to the assets, property and more specifically the intergenerational transfer of monetary goods. According to the authors of the aforementioned report “Wealth is what allows inequity to persist across generations, because it gives children of the wealthy a massive head start in life”.

In the U.S., a growing policy discussion over the cancellation of student debt has kickstarted contemporary conversations on the racial wealth gap between Black and White Americans. A recent article in the Atlantic states the case as to why President Biden should cancel student debt, citing economist Thomas Shapiro’s research on the increasing high cost of post-secondary education and its direct impact on the ability of Black Americans to pay it off swiftly — contributing to the growing wealth divide.

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2017 Summit - Maria Elena Durazo keynote

Before the flip - This design is an example of a hover state for the card design. This section would include an excerpt and a CTA at bottom.

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