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'The Whiteness Of Wealth' Probes Why Black Americans Pay Higher Taxes


This 2019 file photo shows a tip box filled with U.S. currency in New York. (Mark Lennihan/AP)
Chances are, if you re a white taxpayer in the U.S., you re getting a better deal than Black Americans.
That’s according to a new book called The Whiteness of Wealth: How the Tax System Impoverishes Black Americans – and How We Can Fix It” by Emory University tax law professor Dorothy Brown. She writes that the U.S. tax system has long favored white Americans, effectively reinforcing and creating a staggering racial wealth gap.
Born and raised in the South Bronx, Brown says she’s dealt with racism her whole life. She decided to practice tax law in order to pursue a career where she thought race and racism had nothing to do with her work. ....

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Evolving Finance, Money and Markets


Evolving Finance, Money and Markets
Evolving Finance, Money and Markets
© 2021 Hazel Henderson
Today’s global casino is now experiencing yet another step change, as central banks shift their focus from austerity and debt to stimulus to cope with pandemics and climate crises and fending off Facebook‘s competitive “Libra” and other cryptos. As the rules change in finance and money, they are also changing in markets, as they adapt to ecological limits, consumer pressures, and shareholders’ changing values. Key public intellectuals have emerged who are facing down all the old verities in textbook economics and over-averaged macroeconomic statistics and models, including GDP, still driving societies into unsustainable paths. These pioneer thinkers are re-shaping policies and challenging incumbent, fossilized corporations which, since the 19th and 20th centuries have dominated politics in many countries and steered the narrow forms of globalization that have led t ....

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