From CNN Money:
In a detailed proposal released Monday, a consortium of more than 50 civil rights groups laid out an ambitious plan to improve the financial lives of black Americans with a heavy emphasis on reparations, investing in black communities and economic justice.
“The issues dealing with race and racism and racial inequality in the United States are intimately connected to the issues of wealth inequality,” said Patrick Mason, an economist who contributed to the report and the chair of the board of directors at the National Economic and Social Rights Initiative.
Mason worked on a section in the proposal that calls for a restructuring of the tax code, which he says is responsible for much of today’s wealth inequality.