Josh Hoxie | Vermont Conversation

A new report from the Institute for Policy Studies highlights how a racial wealth divide has grown between white households and households of color over the past three decades. Since the early 1980s, median wealth among black and Latino families has been stuck at less than $10,000. Meanwhile, white household median wealth grew from $105,300 to $140,500, adjusting for inflation. This is documented in Dreams Deferred: How Enriching The 1% Widens The Racial Wealth Divide. If this trajectory continues, by 2050 the median white family will have $174,000 of wealth, while Latino median wealth will be $8,600 and black median wealth will be $600–falling to zero wealth by 2082. We speak with the co-author of the report about how we got here, and how to address this disparity. (February 6, 2019 broadcast)

Josh Hoxie, director, Project on Opportunity and Taxation, Institute for Policy Studies

A new report, Billionaire Bonanza 2017, shows that the three wealthiest Americans — Jeff Bezos of Amazon, Bill Gates of Microsoft, and investor Warren Buffet — have more wealth than the bottom half of all U.S. households combined. “If left unchecked, wealth will continue to accumulate into fewer and fewer hands,” says Josh Hoxie, report co-author. “The time to reverse this trend is past due.” Hoxie, a former staffer for Vt. Sen. Bernie Sanders, is director of the Project on Opportunity and Taxation at the Institute for Policy Studies and co-editor of Inequality.org. He discusses America’s new oligarchy, how the 2017 Republican tax overhaul will rob the middle class to pay the rich, and how citizens can push back. (November 29, 2017 broadcast)

Josh Hoxie, co-author, Billionaire Bonanza 2017