Banks Target Black and Latino Communities for Sub-Prime Mortgages, Says Emory Prof.

The transcript discusses various tax policies, including those proposed by Trump and Biden, and their impact on wealth inequality. It highlights the Reagan Tax Reform Act of 1986 and its relevance today. The discussion extends to real estate inequality, the role of the Fed and tax code in addressing inequality, and challenges in credit access for black communities. The conversation concludes with a debate on capitalism's potential to serve the underbanked and create an inclusive economy.

What is the main focus of President Trump's proposed tax policy?

• Increasing taxes on the middle class

• Eliminating taxes on dividends

• Providing a tax cut for capital gains

• Reducing taxes for low-income earners

How does Joe Biden's tax plan propose to treat capital gains income?

• Tax it at a lower rate than wage income

• Tax it the same as wage income for those earning over $1,000,000

• Increase taxes on all capital gains

• Eliminate taxes on capital gains entirely

What change did the Bush tax cuts introduce regarding dividends?

• Taxed dividends the same as interest on savings

• Eliminated taxes on dividends

• Taxed dividends the same as capital gains

• Increased taxes on dividends

What was the income threshold for higher taxes under the Obama tax plan?

• $500,000

• $750,000

• $1,000,000

• $250,000

What is suggested as a solution to increase homeownership among black and Latino communities?

• Offering low-interest loans

• Reducing property taxes

• Providing down payment assistance

• Increasing tax subsidies for homeownership

What is the relationship between the Federal Reserve's policies and tax policies in addressing inequality?

• They should be combined for effective results

• They are unrelated

• Only tax policies matter

• They should be considered separately

What is a key issue in the banking system that affects credit access for black and Latino communities?

• Excessive regulation

• Lack of banking facilities

• High interest rates for all

• Targeting with subprime mortgages