Note: This new Responsible Wealth website is under development. We will be porting over content from our old site over time (e.g. estate tax and tax fairness information; shareholder activism; etc.). In the meantime, we hope you are as excited as we are about the new logo and new look and feel of the Responsible Wealth website, and the new website of our parent organization, United for a Fair Economy! Tell us what you think!
Press Release: 80+ Upper-Income New Yorkers Urge Governor Cuomo and Legislature to Extend and Expand the Millionaires’ Tax
As New York State braces for proposed federal budget cuts that would have a devastating impact on health care, education and infrastructure investments across the state, more than 80 New York residents with incomes in the top 1% have sent an open letter to Governor Andrew Cuomo and the New York State Legislature urging passage of an expanded and permanent millionaires’ tax. An expanded and permanent millionaires’ tax would bring in nearly $6 billion in annual revenue, or over $2 billion more than the current tax– set to expire in 2017– generates. Continue reading
Little progress has been made on Martin Luther King Jr’s dream since his death over almost 48 years ago. In fact, by many measures we have been moving backwards as a country. The #BlackLivesMatter movement turns three years old this summer and has exposed modern racism and police brutality. Continue reading
If we would have told you three years ago that postal banking could be making a comeback, you may have not believed us. Ever since our publication of State of the Dream 2015: Underbanked and Overcharged, the idea of postal banking has been gaining more attention and more support. Senator Elizabeth Warren and presidential candidate Sen. Bernie Sanders have been the most visible proponents of the idea, with Sanders touting the idea on a number of occasions on the campaign trail. Continue reading
At the Democratic debate, Bernie Sanders famously suggested that the only way to fix our country was with a political revolution. He suggested that in order to get our country back on track, millions of people would need to take to the streets and demand that the government return to its mission of helping people, not corporations. And by all these measures, one of his ideas would revolutionize the way people interact with our economy: postal banking. Continue reading
"Economic justice is not - and has never been - sufficient to ensure racial justice. Owning a home won't stop someone from burning a cross on the front lawn. Admission to a school won't prevent a beating on the sidewalk outside. But when Dr. King led hundreds of thousands of people to march on Washington, he talked about an end to violence, access to voting AND economic opportunity. As Dr. King once wrote, "the inseparable twin of racial injustice was economic injustice. Continue reading
In the State of the Union address, President Obama called for strengthening tax benefits for middle class and low-income working families, and for investing more in child care, early education, and higher education, including making the first two years of community college free. Continue reading