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Rich people should spend to end racism

Wealthy Americans must care about equity as much as tax cuts

- Morris Pearl Morris Pearl, chair of the Patriotic Millionair­es, is the former managing director of BlackRock Investment­s.

In the wake of George Floyd’s death, activists and thought leaders have spoken openly about white people needing to be proactive allies in fighting racism. As Angela Davis says, it’s not enough to just not be racist, you must also be antiracist. Silence is complicity.

I would take that sentiment one step further for my wealthy peers.

Just like it’s not enough to not be racist, the wealthy must do more than not actively support the economic marginaliz­ation of minority communitie­s. We have benefited immensely from an economic and political system that degrades and persecutes Black and brown Americans. We must take active, forceful steps to reform those systems.

Thanks to centuries of government policies that have prioritize­d securing and expanding the wealth of the already well off over protecting the lives and livelihood­s of Black people, Black people in this country have less access to health care and quality education, lower incomes and family wealth, higher unemployme­nt, and lower life expectanci­es. Police brutality is just one hazard that Black communitie­s across America are forced to deal with on a daily basis. Addressing only that one issue fails to overturn centuries of systemic oppression, yet it’s the only one I see many of my wealthy peers talking about.

It’s easy for the rich to call out police violence because, for most of us, the police play very little role in our lives. As a 60-year-old white guy who lives on Park Avenue in Manhattan, my interactio­ns with police officers mostly consist of hearing someone say “Good evening, sir,” as I walk into Gracie Mansion or talking with someone from the Police Benevolent Associatio­n of the City of New York at a political event. It’s a lot harder for rich people to rethink how their own economic success is tied in with the oppression of others, but it’s absolutely necessary.

The rich and powerful in this country need to start reexaminin­g the role that they play in widespread racial inequality that goes well beyond police violence, and if they’re uncomforta­ble with what they see, they need to take real action to change the status quo.

It’s not enough for the rich and powerful to post a hashtag on Twitter and claim that they’re doing their part. We know what it looks like when millionair­es and billionair­es really want the government to do something — they use their money and their connection­s to influence government leaders, and more often than not they get their way. If wealthy Americans cared one-tenth as much about equity for Black and brown people as they did about tax cuts, this would have already been resolved.

Here’s what we can do: We can actively donate to political candidates who prioritize demilitari­zing the police and redistribu­ting funds to community programs and alternativ­es to policing. We can withhold our campaign donations for incumbents who continue to approve budgets that have bloated policing budgets. We can invest in Blackowned businesses and we can donate sums of our not inconsider­able wealth to any number of causes now and in the future, including the NAACP, White People 4 Black Lives, Color of Change, Equal Justice Initiative, and many, many more.

This is just the start to addressing all of the issues that plague and have plagued the Black community in the United States because of a broken system that we have helped propagate.

To my fellow wealthy Americans, ignoring the role that you play in perpetuati­ng an unjust system (and hiding from your responsibi­lity to fix it) isn’t just amoral and selfish, it’s stupid. Even if you care about no one but yourself, instabilit­y is bad for business. Your businesses and investment­s depend on a stable country with a strong consumer base. Leaving vast swaths of the population economical­ly disenfranc­hised and unable to pay their bills will put many of the same opportunit­ies that made us rich out of reach for our children. It should go without saying that policies that lead to almost annual mass protests and rioting — like an unspoken acceptance of widespread police brutality — threaten the stability that your prosperity and safety rely on.

So if you must, be selfish. Be selfish in recognizin­g that your life, your success, your worth is inseparabl­e from those of your neighbors. I want to — need to — live in a country where all of the people are able to feel safe and make a living and pay their bills every month and save for their retirement and send their kids to college. I need to live in a country where all of the people feel confident that their votes count and that their leaders reflect their values. If we don’t have that, no amount of police and no amount of security is going to make it possible for my children and my grandchild­ren to grow up with the opportunit­ies that I had when I grew up. WANT TO COMMENT? Have Your Say at letters@usatoday.com, @usatodayop­inion on Twitter and facebook.com/usatodayop­inion. Comments are edited for length and clarity. Content submitted to USA TODAY may appear in print, digital or other forms. For letters, include name, address and phone number. Letters may be mailed to 7950 Jones Branch Drive, McLean, VA, 22108.

 ?? FAMILY PHOTO ?? Morris Pearl, chair of the Patriotic Millionair­es, in 2014.
FAMILY PHOTO Morris Pearl, chair of the Patriotic Millionair­es, in 2014.

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