No solvency - alternate causes perpetuate racial wealth inequality – social stereotypes, corporate power, and wealth extraction
Battacharya, 2019 - of programs and strategy at the Insight Center for Community Economic Development [Jhumpa, June 19 Issue Brief. Roosevelt Institute, “Exploring Guaranteed Income Through a Racial and Gender Justice Lens.” https://rooseveltinstitute.org/publications/exploring-guaranteed-income-through-a-racial-and-gender-justice-lens/ TA Acc 6/10/23]
In addition to direct community input for the design of a guaranteed income, it is important to understand that a guaranteed income is ultimately an income policy solution, and income is only part of the equation when thinking about wealth. When designing a policy platform to address gender and racial wealth inequity, key considerations include: shifting harmful narratives that impede us from seeing everyone as deserving; addressing current wealth extraction policies as well as historic impediments to building wealth for women and people of color; tackling wealth concentration and corporate power; and healing generations of trauma caused by economic instability. Below, we outline design elements that can help us create a society where everyone has the ability and wherewithal to live with dignity, freedom of choice, and security.