A Proposal to Repair Racial Wealth Disparity – Terrence Franklin Hosts ACTEC Diversity, Equity & Inclusivity Video
In August 2021, the American College of Trust and Estate Counsel (ACTEC)’s Planning for a Diverse and Equitable Future video series shared 40 Acres and a Mule: Reparations and the Estate Tax as an introduction to wealth disparity resulting from slavery and Jim Crow laws, the history of reparations, and the connection to wealth transfer and wealth taxation. In the latest video, A Proposal to Repair Racial Wealth Disparity, hosted by partner Terrence Franklin, the conversation continues with recommendations to address racial wealth disparity in the U.S.
ACTEC Fellows Sarah Moore Johnson, Raymond C. Odom, and Professor Phyllis Taite present their extensive research on a solution to historic wealth inequities. They offer recommendations for creating new tax incentives to help fund reparation projects, the data to show how tax policy has systematically shifted wealth to white households, and why the wealth tax should be a tool to correct wealth disparity.
The video series was created as a project of ACTEC’s Diversity, Equity & Inclusivity Committee, funded by The ACTEC Foundation, and will continue throughout 2022 featuring new guests and topics each month. For further information about ACTEC’S Diversity, Equity & Inclusivity Committee, visit: https://www.actec.org/diversity