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The Money with Katie Show

Why the "Double Tax" is the Canary in the Economic Coal Mine We Need to Pay Attention to

The Money with Katie Show

Money with Katie

Investing, How To, Self-improvement, Business, Education

4.81.3K Ratings

🗓️ 17 September 2025

⏱️ 88 minutes

🧾️ Download transcript

Summary

Today, I’m talking with Anna Gifty Opoku-Agyeman, a writer and researcher as well as the youngest-ever recipient of the Women’s Human Rights Award by the UN Convention. Her new book, ⁠The Double Tax⁠, is out now. We covered: (00:00): Intro (07:45): Black women as the group whose economic progress (or stagnation) signals what’s coming for everyone else (24:20): Beauty spending as an investment in respectability and social capital (50:35): The study that explored hiring discrimination and what came out of it (01:00:00): Why reputational damage is one of the only consistent levers of power that "the masses" can wield to force change (01:04:00): The rational economic case for solidarity as the only way forward during crises Our show is a production of Morning Brew and is produced by Henah Velez and Katie Gatti Tassin, with our audio engineering and sound design from Nick Torres. Devin Emery is President of Morning Brew content and additional fact checking comes from Scott Wilson. Transcripts, show notes, resources, and credits will be available within a week at: ⁠https://moneywithkatie.com/the-double-tax. — Money with Katie’s mission is to be the intersection where the economic, cultural, and political meet the tactical, practical, personal finance education everyone needs. Get your copy of Rich Girl Nation:⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://moneywithkatie.com/rich-girl-nation⁠⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

There is strength in community, and that's kind of the thesis of the double tax, that when you link arms with somebody, it's a lot harder for somebody to push you down.

0:13.0

And so you better link arms with somebody, especially during a crisis.

0:30.6

The conversation that you are about to hear with my guest, Anna Gifty Opuku Aegeman, was so wide-ranging and enjoyable.

0:39.1

We actually booked 90 minutes just to be safe, make sure we had enough time, and we barely got through half of what I had planned for us. So welcome back to The Money with Katie Show, where today we are talking with

0:44.7

Anna Gifty about her new book, The Double Tax. Now, Anna Gifty is a researcher, first and foremost.

0:51.0

She's a researcher and a writer currently getting her PhD in public policy

0:55.6

and economics from Harvard's Kennedy School. She also happens to be the youngest recipient of a

1:01.0

C-Daw Women's Human Rights Award by the UN Convention on the elimination of all forms of

1:06.9

discrimination against women. And the double tax feels a little like a spiritual sister to rich girl nation, for reasons

1:14.1

that you'll hear shortly, but about the ways in which black women's experience of money

1:19.4

is different.

1:21.1

And as you'll hear me tell Anna Gifty in our conversation, I think oftentimes, especially

1:26.2

in this political moment, focusing on one specific

1:30.5

marginalized groups' financial outcomes can often be hand-waved away as meaningless identity

1:36.7

politics or virtue signaling without analytical merit and necessity. But Anna Gifty's core

1:43.9

thesis is that black women in the U.S.

1:47.0

are a little bit like an economic canary in the coal mine. It is in their statistics where the

1:52.7

economic cracks are always first to show. And it's why studying the levers that make gains

1:58.4

for black women specifically have ripple effects that boost other

2:02.5

groups, particularly the working class. So some of what we didn't get the chance to cover,

2:08.1

but I wish we had, included the role of student loans and home ownership in the racial

2:13.1

wealth gap. Now, I received an interesting listener email the other day that noted some of the specifics of the post-war GI Bill, which couldn't pass federally without the support of Southern Democrats.

...

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