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This money is effectively sequestered until the government deems a project worth investing in, which often means the money goes to wealthly, mostly White developers for megaprojects that do more harm than good to the surrounding communities. However, state and local taxation are far more damaging.
2012) and demonstrate the failure of government regulations to rein in abuses (Coskun 2022; Silver-Greenberg and Gebeloff 2021). ESOPs also provide workers with important governance rights. Using a tax credit policy also avoids the need to establish a new government agency to administer the policy (Howard 2002).
First, democratic funds like Seed Commons, 4 Ujima Fund, 5 and the Just Transition Integrated Capital Fund gave us a new model for how communities could steward and govern capital together. Two things changed how wealth was managed. New policies were passed that mandate that corporations and private foundations pay land taxes to local Tribes.
Some point to large-scale, government-run rental housing, while others also explicitly include housing cooperatives and community land trusts. But in the end, governments dragged their feet and promised change stayed on the drawing board. But that hasn’t stopped movements from pushing. In an era that we call Social Housing 1.0,
Much of this struggle takes place outside government, but the role of the state is important. According to the Organization for Economic Cooperation and Democracy (OECD)—a group of 41 relatively wealthy nations, including the United States—in 2019, US government spending (federal, state, and local) equaled 38.1
The number of children in poverty , according to US Census Bureau data, climbed from 5.2 percent (9.962 million) between 2021 and 2023, while the number of people of all ages in poverty climbed from 25.58 As sociology professor and poverty expert Mark Rank explains, the 13.7 Taxation also did not significantly change.
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