Category: Money & Jobs

Texas AG Blocks Harris County Guaranteed Income Program—A Setback for Racial and Economic Justice

and

Imagine being guided by cruelty so deep you are compelled to take the food out of the mouths of your hungry neighbors. You don’t need this food yourself—in fact, you’re going to turn around and throw it in the trash. For nearly 2,000 intended recipients of a guaranteed income pilot program for low-income residents that was set to distribute $500 monthly for 18 months in Harris County, Texas, this is their reality.

Texas Attorney General Ken Paxton has blocked implementation of the program—a move upheld, at least temporarily, by the state’s Supreme Court just a day before initial payments were set to begin last week. 

The Tradwife’s Catch-22

How is it that an independent business executive goes from a full-time position in the C-suite to a full-time position in the kitchen, out of submissive devotion to her husband? If you’ve recently spent time on TikTok or Instagram, you may have wrestled with this question.

Tradwife influencers are right to point out the emptiness, precarity and dissatisfaction of neoliberal life, and the appeal of the alternative they offer is clear. But much of the rosy picture they paint exists only on our iPhones and not in reality. Domestic labor is neither slow nor peaceful.

To Counter Anti-Democracy Efforts, It’s Time to Invest in Florida Year-Round

Florida is ground zero for what is known among organizers and philanthropists as “boom-and-bust” funding—meaning money flows in during big election cycles and dries up immediately after. Yet electoral and issue-based organizing is a 24/7 operation. In recent years, these efforts have led to restoring voting rights to 1.4 million Floridians, raising the minimum wage to $15 per hour, and legalizing medical marijuana. These massive wins were led by the people of Florida, even as the legislature acted against their will. 

Boom-and-bust patterns are sure to pose a particular challenge in 2024, given the state’s six-week abortion ban officially taking effect is now coupled with a citizen-initiated opportunity for Florida voters to undo the ban this November and enshrine protections for abortion in the state Constitution. 

Rather than funding a single issue or candidate during an election cycle, an integrated voter engagement approach, with year-to-year financial and capacity-building support for gender and reproductive justice groups, is the most essential element of a healthy pro-democracy funding environment.

How Derivatives Blew Up Our Economy—And Just Might Again

You’ve probably heard of derivatives. In 2021, they were reportedly worth $600 trillion in face value. Some critics say it was only $12.4 trillion if you count only the money “netted.” By comparison, the entire U.S. national budget in 2021 totaled $6.8 trillion.

“Derivative” as an adjective means to be hackneyed and stale or even plagiarized or stolen. So how can a small group of Wall Street banks, hedge funds, private equity and investment firms make trillions selling and trading in derivatives, and not necessarily the stuff they’re derived from? What are they exactly?

Small Donor Public Financing Can Help More Women Get Elected

and

It’s expensive to run for office: Political ad spending in the 2024 election cycle is expected to exceed $16 billion. And the price of campaigning is a greater barrier for women, who typically have less access than men to the wealthy donors who provide most of this money.

Enter: public financing, a simple but powerful reform that uses public funds to boost small donations to candidates.

Women Use Lived Experience to Fight for Second Chances for Incarcerated Women: ‘I Am Not an Eternal Criminal’

and

We see more than 600,000 people released from U.S. prisons each year. This April, Second Chance Month, is an opportunity for us to bring to light the difficulties for those seeking a successful return back to society.

Incarcerated women in particular face unique challenges compared to their male counterparts, and their rate of entry has accelerated at twice the pace of men over the past three decades.

Anti-Abortion Extremists Are Diverting Tax Dollars to Crisis Pregnancy Centers

and

Anti-abortion politicians are siphoning public dollars meant for low-income mothers and their children to fund anti-abortion crisis pregnancy centers (CPCs) that coerce poor women and teens seeking an abortion to give birth, further condemning them to long-term economic hardship. Being denied a wanted abortion is a proven predictor of maternal and child poverty.

As the Biden administration advances a proposal to prohibit CPCs from future access to these federal funds, the anti-abortion movement is pushing back in force, claiming CPCs save taxpayer dollars and provide vital healthcare and safety net services to poor families. A first-time analysis of the CPC industry’s own reporting wholly contradicts these claims.

Why the ‘Tradwife’ Life Is More Dangerous Than Ever Before

They were soulmates. At least that’s what Olivia thought—and Brad said. When they reconnected over a decade later, it seemed like fate.

Brad was charismatic. Within a couple years, Olivia was pregnant, and Brad wanted her to stay home. “He didn’t use the term ‘tradwife’ but that’s what he wanted,” she said, referring to the social media trend glorifying the traditional wife of the 1950s who tends the home and has no financial independence. “I felt like a slave. He expected me to keep the house clean while caring for our baby. … If I didn’t wear makeup and have my hair done, he would ask why. … The only thing with my name on it was a joint Costco card.”

After he cheated multiple times, they got divorced and she got no alimony. Brad lives in a comfortable home thanks to his well-paying job. Olivia lives in a trailer.

“If you refrain from building your own success, it’s very dangerous,” she said. “Being a ‘tradwife’ is like playing Russian roulette.”