How did the wealth gap become so huge? And what will it take to really fix it? As ReShonda digs into an aspect of the country's discriminatory history that intersects with her life in a deeply personal way, a key wealth-gap researcher tackles those questions.
ReShonda Young got an up-close look at the wealth gap while working at a small investment firm, just outside her hometown of Waterloo, where she was the first point of contact for clients. She helped clients get ready to talk to an advisor about their investment portfolio and retirement planning. Within the first month, she noticed something about the clients she was meeting: almost all of them were white. These clients had generational wealth that made ReShonda realize that Black families had deeply unequal access to capital. It left ReShonda thinking, “how do Black families catch up?” She started teaching her community how to manage finances but she wanted to do more. ReShonda landed on starting her own bank. Text GAP to 737-727-4321 and dig into this episode with photos, video, graphics and more right to your phone.
Season 2 of our award-winning podcast The Heist is the story of an enduring American injustice and one woman's effort to address it in her hometown.
Our final episode of the season. The coronavirus has hit, and America is experiencing its worst economic crisis since the Great Depression. Congress and the Trump administration rush to roll out the Paycheck Protection Program. The PPP was supposed to help small businesses and their workers. But with the system rigged to favor the rich, things quickly go wrong.
What did companies do with their huge tax break? The Trump administration made grand promises about the 2017 tax law — that corporations would invest the windfall in their workers, boosting the entire economy. So, are we better off? We look at the case of American Airlines, which is now furloughing thousands of workers in the middle of the pandemic.
Republicans say they hate debt. So why did they push for a tax bill that would add almost two trillion dollars to the country’s tab? Only one Republican senator broke ranks - until he didn’t. This episode tells the story of the flip-flops, backroom deals and magical thinking that led to the 2017 Tax Cuts and Jobs Act.
Who is Steven Mnuchin? He somehow manages to fly under the radar, but as Treasury Secretary he has tremendous power. How did a man with no record of public service and the nickname “the “Foreclosure King” become the guy in charge of America’s money? The answer? This is how power works in Trump’s America.