We look at the United States and how tax justice can help address systemic racism. Plus: did you know Britainâs slave owners compensation loan was only settled by the government in 2015 on behalf of taxpayers?
Faulkner wrote: âThe past is never dead. Itâs not even past.â
As we discuss, the legacy of centuries of institutionalised racism is that a wealth chasm has been created between black and white communities.
We also know that the City of London in Britain built its wealth from slavery and empire. Still today, major finance sectors have extractive business models which impoverish some of the worldâs poorest nations. And, financial secrecy is another form of empire.
So how can we think about combining tax justice and reparations? Keval Bharadiaâs work on a super tax on the $8 trillion a day financial markets could help show the way. And all financial institutions must have independent slavery money audits. For those financial institutions now coming forward and offering what theyâre calling reparations funds, how do we ensure that these funds are large, theyâre targeted to the right places, and theyâre ongoing?
Featuring:
Cortney Sanders and Michael Leachman of the Center on Budget and Policy Priorities David Sorenson of the Peopleâs Tax Page John Christensen of the Tax Justice Network Produced and hosted by Naomi Fowler of the Tax Justice Network
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