Latest / Earn Your Leisure / Jamal Bowman's Plan for Bridging the Wealth Gap, Affordable Housing, & Financial Literacy

Transcript

Jamal Bowman's Plan for Bridging the Wealth Gap, Affordable Housing, & Financial Literacy · Earn Your Leisure

• 0:01
  Speaker 1: Earners.
• 0:01
  Speaker 2: What's up.
• 0:02
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• 0:04
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  Speaker 3: can keep pushing your vision forward. This episode is brought
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  Speaker 3: to you by P and C Bank, a lot of
• 1:12
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• 1:48
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• 1:51
  Speaker 4: When you look at your district is one of the
• 1:53
  Speaker 4: wealthiest districts in America, but also has some.
• 1:58
  Speaker 5: Of the poorest neighborhoods in America at the same time.
• 2:00
  Speaker 4: Right, you got eating eating wall projects, you got you
• 2:06
  Speaker 4: know Scarsdale, Right you got you got Mount Vernon, and
• 2:11
  Speaker 4: then you got largely right. And it's it's actually a
• 2:15
  Speaker 4: tale of America and how separate but so close, so close,
• 2:20
  Speaker 4: within a couple of miles. You have some of the
• 2:23
  Speaker 4: wealthiest places, and then you have the projects, right, and
• 2:27
  Speaker 4: and the wealthy people will never come to the projects,
• 2:30
  Speaker 4: and the people in the projects probably will never be
• 2:33
  Speaker 4: in the wealthy people's house ever. Right, So talk about
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  Speaker 4: and it's always these these neighborhoods that are poor.
• 2:41
  Speaker 5: Yonkers, South Yonkers. It's always Black people and Spanish people,
• 2:46
  Speaker 5: Black and Latino people. They always permeate these these neighborhoods.
• 2:51
  Speaker 5: So talk about affordability, black wealth creation and what your
• 2:57
  Speaker 5: agenda is to kind of bridge that.
• 3:01
  Speaker 2: Yeah, I want to start with the issue of affordable housing.
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  Speaker 2: So there's an affordable housing crisis across the country and
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  Speaker 2: it's really manifested in Westchester County. We need about eighty
• 3:13
  Speaker 2: thousand units in the county. My opponent hasn't really done
• 3:17
  Speaker 2: much about that, even though he's been county executive for
• 3:21
  Speaker 2: a number of years. One of the challenges to providing
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  Speaker 2: truly affordable housing so working class housing, or let's call
• 3:31
  Speaker 2: it low income housing, Right, those who work full time
• 3:34
  Speaker 2: don't make much money but need housing, need affordable housing
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  Speaker 2: at a rate in terms of federal policy, thirty percent
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  Speaker 2: of salary that's capped at thirty percent of salary towards housing.
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  Speaker 2: We just introduced a bill today that's capping looking to
• 3:50
  Speaker 2: cap rental costs at twenty percent of salary to go
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  Speaker 2: even lower. But what happens is places like Scarsdale, like Rye,
• 4:02
  Speaker 2: the wealthier areas, they don't allow affordable housing to be
• 4:07
  Speaker 2: built in their communities. They only want a certain type
• 4:11
  Speaker 2: of culture and this is a quote from them to
• 4:15
  Speaker 2: live in those communities. They don't want buildings, even if
• 4:18
  Speaker 2: they're small buildings. They don't want multifamilies. They want single
• 4:22
  Speaker 2: family to maintain the culture that they have in those communities.
• 4:27
  Speaker 2: But if we're going to really have affordable housing to
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  Speaker 2: meet the needs of everyone in the district, we should
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  Speaker 2: be building in those areas as well. So that's a
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  Speaker 2: key important point. Another point is the fact that the
• 4:39
  Speaker 2: reason why we don't have more affordable housing is because
• 4:41
  Speaker 2: the housing stock is low, and it's low by design
• 4:44
  Speaker 2: from Wall Street to keep prices up. We believe housing
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  Speaker 2: is a fundamental human right and if you pay taxes
• 4:52
  Speaker 2: and you live in America, a wealthy nation, you should
• 4:55
  Speaker 2: be able to have affordable, dignified housing. As you know,
• 4:59
  Speaker 2: child also isn't affordable for the working class. Utilities are crazy,
• 5:04
  Speaker 2: food is crazy, Transportation, it's hard to People are just
• 5:08
  Speaker 2: working to survive right now. So the a couple of
• 5:10
  Speaker 2: ways to handle that. One is making sure corporations in
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  Speaker 2: a wealthy pay their fair share. We're not saying take
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  Speaker 2: all their money in taxes, but they should be paying
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  Speaker 2: a little more so that we could build more affordable
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  Speaker 2: housing and deal with utilities and all of that. Right now,
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  Speaker 2: that's not happening. The other part of it, black wealth
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  Speaker 2: building is not just about financial literacy. It's also about
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  Speaker 2: public investments in repairing the harms that have happened historically
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  Speaker 2: in America. And so reparations is about responding to redlining.
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  Speaker 2: Redlining is when our communities were isolated and devalue simply
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  Speaker 2: because they were black. We need to now reinvest federal
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  Speaker 2: dollars in those areas to rebuild those areas and allow
• 6:00
  Speaker 2: them to begin a bootstrapping system of building wealth within
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  Speaker 2: their own neighborhoods. The federal government has subsidized building white
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  Speaker 2: wealth for since the beginning of America. It's never done
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  Speaker 2: that for black people. So that needs to happen. That's
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  Speaker 2: what reparation is all about. And then finally, the issue
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  Speaker 2: of entrepreneurship is really really key. But the issue of
• 6:24
  Speaker 2: entrepreneurship around new ideas is really really key as well,
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  Speaker 2: and so financial literacy is what we need in all
• 6:32
  Speaker 2: of that proper investments, but we need new ideas. We
• 6:35
  Speaker 2: need to build and design new products and services to
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  Speaker 2: help that America in the world needs to help us
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  Speaker 2: build wealth similar to this apparatus we're working on now.
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  Speaker 2: Both the hardware and software that we're using has built
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  Speaker 2: wealth for individuals and groups. We need to do the
• 6:52
  Speaker 2: same thing as well. And to me, the pathway to
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  Speaker 2: that is technology. And because technology it's still in its
• 7:01
  Speaker 2: infant stage, is it's still like a goal rush type
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  Speaker 2: of space. But this is why I advocate so much
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  Speaker 2: for STEM education in our schools, because we got brilliant kids,
• 7:10
  Speaker 2: but we got to make sure they're thinking on an
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  Speaker 2: entrepreneurship level, not just a worker level.
• 7:15
  Speaker 1: I agree with you. I want to talk about a
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  Speaker 1: population that obviously is there there all of us, that
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  Speaker 1: is kind of the crown jewel of all of most communities,
• 7:24
  Speaker 1: and that's our women and our children. So you spoke
• 7:26
  Speaker 1: about financial literacy. I know both you and I come
• 7:29
  Speaker 1: from an educational background, but we don't talk about women's
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  Speaker 1: issues enough. Whether that I know from a general election
• 7:35
  Speaker 1: that's going to be a heavy topic, and from a
• 7:37
  Speaker 1: local and state election, I'm assuming that it'll be just
• 7:40
  Speaker 1: as important. So we talk about reproductive rights, we talk
• 7:43
  Speaker 1: about you know, gender bias, we talk about maternity, all
• 7:46
  Speaker 1: these issues. How we can combat in that from the
• 7:49
  Speaker 1: state level.
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  Speaker 2: From your perspective, the state is doing pretty well with
• 7:54
  Speaker 2: reproductive justice overall. You know, if you women chooses to
• 8:02
  Speaker 2: seek an abortion in our state, she has the pathway
• 8:08
  Speaker 2: to do that without being criminalized or targeted or whatever.
• 8:12
  Speaker 2: So reproductive rights in the state are pretty strong. Where
• 8:16
  Speaker 2: we are not strong is maternal mortality and what happens
• 8:22
  Speaker 2: with maternal mortality overall, and also maternal mortality with Black women,
• 8:27
  Speaker 2: Like black women die of childbirth in New York State
• 8:32
  Speaker 2: at a rate that's incredibly high. Like the country. Across
• 8:36
  Speaker 2: the country is very high, but in New York State
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  Speaker 2: it's incredibly high. And that's a major problem because we
• 8:42
  Speaker 2: still have racism and racist practices within our healthcare system overall,
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  Speaker 2: the way black women are treated, their so called tolerance
• 8:54
  Speaker 2: to pain, their relationships with obg y ns, the lack
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  Speaker 2: of birth workers, the lack of midwives when when Black
• 9:03
  Speaker 2: women are seeking to have a child is a real problem.
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  Speaker 2: And then the overall medical field and the lack of
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  Speaker 2: bias and racial anti racist training from doctors and nurses
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  Speaker 2: and obg y ns is really is really critical to this.
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  Speaker 2: And so, you know, our healthcare system has a history
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  Speaker 2: of racism, from Henrietta Lax to the Tuskegee Experiment to
• 9:31
  Speaker 2: the the the what's the term of forgetting the term now,
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  Speaker 2: the sterilization of black and brown women in our country.
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  Speaker 2: There's a horrible history with the healthcare system and there
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  Speaker 2: still is now, which is why a lot of us
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  Speaker 2: don't even seek healthcare right And so, uh, yeah, the
• 9:48
  Speaker 2: state has to do way more in terms of anti
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  Speaker 2: racist uh training and funding to deal with the issue
• 9:55
  Speaker 2: of infant mortality, maternal mortality, and maternal morbidity.
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  Speaker 6: That's a big is an illegal alien from Guatemala charged
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• 10:19
  Speaker 6: because of President Donald J. Trump's leadership. I'm Christy nom
• 10:22
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• 10:27
  Speaker 6: attempted illegal border crossings are at the lowest levels ever recorded,
• 10:31
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