Wealth

On the release of the latest Forbes list of the world's billionaires, Responsible Wealth Project Director, Mike Lapham, was on the air with WBAI Pacifica radio's Andrea Sears to discuss why the richest Americans are better able to weather an economic recession, and how some grow even wealthier as a result.

Republican Senators are wielding estate tax legislation as a weapon to hold a jobs bill hostage, placing millions of unemployed Americans at risk of losing even more than they already have. Robert Frank asks readers to consider whether this is fair and cites a statement by UFE's Lee Farris.

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REPORT FACT SHEET

State of the Dream 2010: Drained

Jobless and Foreclosed in Communities of Color

The December 2009 unemployment rates for African Americans and Latinos jumped to a higher level than any annual rate in the past 27 years.

UFE's seventh annual Martin Luther King, Jr. Day report has finally arrived! State of the Dream 2010: Drained - Jobless and Foreclosed in Communities of Color explores the U.S. racial economic divide in the wake of the Great Recession and spotlights a targeted policy approach as the best way to close that divide and rebuild our economy. Read the report now!

UFE Board member and co-author of State of the Dream 2010: Drained, shares his views on the recent megabank bonuses in light of the persisting unemployment and foreclosure crises in this op-ed in Common Dreams.

Brian Miller writes about why the federal estate tax is such a crucial source of revenue for a Main Street recovery. Read more in this San Antonio Express-News op-ed.

Business Owners, Executives and Investors – sign Responsible Wealth’s letter to the US Senate in support of legislation to create a Consumer Financial Protection Agency (CFPA).

Ajamu Dillahunt, UFE Board member and co-author of State of the Dream 2010, explains that the economic stimulus has been tilted in favor of white people. He writes that there's much more we can do to support communities of color. Read more in this Huffington Post op-ed.

Boston, MA, January 13, 2010 – A new report released today finds that African Americans and Latinos are continuing to disproportionately experience economic hardships, and that targeted economic policies are required to address the racial economic divide in the US.