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Jill on Money with Jill Schlesinger

The Whiteness of Wealth Part Three

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.61.9K Ratings

🗓️ 19 June 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

In honor of the Juneteenth holiday, this weekend we're re-running an interview we did with Dorothy A. Brown, who as a young black girl growing up in the South Bronx, saw how racism limited the lives of her family and neighbors. In her book, The Whiteness of Wealth, Brown draws on decades of cross-disciplinary research to show that tax law isn’t as color-blind as she’d once believed.

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Transcript

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0:00.0

Welcome to the Jill on Money Show. It is Monday, June 19th, also known as Juneteenth.

0:10.3

And we are here airing the third part of a three part interview with Dorothy Brown.

0:16.8

When we chatted with Dorothy, she was teaching at Emory University. She's now at Georgetown,

0:21.0

so just want to make sure everyone gets that. And this did air previously. It was as we

0:25.9

were discussing her new book at that time, which is called The Whiteness of Wealth,

0:30.9

how the tax system impoverishes black Americans and how we can fix it. Dorothy A. Brown

0:37.2

is a great talker and she is just got a crazy resume. She's listened to this now currently.

0:45.3

She's the Martin D. Ginsburg Chair in taxation at Georgetown University Law School. She graduated

0:51.2

from Fordham University and Georgetown Law. She has an LLM in taxation for men, you know what I'm

0:57.0

saying? She's got a lot of stuff there, a lot of credentials. So this is the third part of our

1:02.3

interview. If you've got any questions about issues that she raises or you want to go deeper into

1:07.6

this content, again, the book is called The Whiteness of Wealth. Here is the third part of our

1:12.0

interview with Dorothy Brown. The gap that exists is not just the poor people who actually go for

1:21.2

for-profit institutions, because that is a, we know that that is being a place where so many

1:28.0

places prey on lower income people, people of color, everything. But what you lay out is that no

1:37.8

matter at what level that black graduates are not getting the most out of their education

1:45.1

and even grad school. So even your cohort are not making as much money as the same person with

1:52.3

the same designations in your fancy degrees, the white person is getting paid more. Why is that?

1:58.5

Racism in the labor market, right? So research showed when you had resumes of a black guy from

2:05.1

Harvard and a white guy from Harvard applying to the same positions, the black guy had to send out

2:11.1

more resumes than the white guy. And when the black guy was offered an interview, it was for a

2:17.7

lower paying position. Racism in the labor market is very real. Black college graduates are more likely

...

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