Tag Archive for $1 trillion

A National Expensive Disgrace

What is both a national disgrace AND costing our country a bundle of money?  Racism.  Read the article Racism costs U.S. billions every year.  Part of it says,

“Closing the income gap between whites and minorities, would boost earnings by 12 percent, an economic windfall of $1 trillion, for a nation burdened by debt and an anemic job market, according to a recent study by the W.K. Kellogg Foundation and the Altarum Institute…..

“Minorities make up 37 percent of the working age population now, but they are projected to grow to 46 percent by 2030, and 55 percent by 2050. Closing the earnings gap by 2030 would increase GDP by 16 percent, or more than $5 trillion a year,” stated the report. Federal tax revenues would increase by over $1 trillion and corporate profits would increase by $450 billion.”

Read the rest of the article.