The legendary Robin Hood patrolled Sherwood Forest with a band of merry men, who stole from the rich and gave to the poor. This past September, Congressman Keith Ellison (D-MN) hoped that a band of merry men and women in Congress would pass H.R. 6411, the Inclusive Prosperity Act. The approach proposed by the bill, known as a Robin Hood Tax or, more technically, a Financial Transaction Tax (FTT), does not steal from the rich, but it does seek to fund the poor.
Dr. Algernon Austin is the Director of the Program on Race, Ethnicity, and the Economy (PREE) at the Economic Policy Institute. As the director of PREE, Dr. Austin oversees reports and policy analysis in the economic condition of America's people of color.
Asian Americans are seemingly well positioned these days, having surpassed white households in income and wealth levels. At least that’s the current story, repeatedly presented in the media. But is it true? Is yellow really the new “in” color, the race most likely to succeed?