Vice Chair of Treasury Department’s New ‘Racial Equity Committee’ Wants to Defund Police and ‘Reimagine’ Capitalism
“True equity means equity of outcome, and not accepting the promise of ‘opportunity’ within a system that continues to systematically exclude”
For some reason, the Treasury Department has a new ‘racial equity committee,’ and the vice chair Felicia Wong is a far-left ideologue.
Wong was formerly an executive at Democracy Alliance, an organization partially funded by George Soros. She wants equity and race at the center of all policy. She also wants to defund the police and to ‘reimagine’ capitalism.
FOX News reports:
Vice chair of Treasury Dept’s new racial equity committee wants to defund police, ‘center race’ in all policy
The vice chair of the Treasury Department’s newly-announced racial equity committee wants to defund the police and put racial justice at the center of all government policymaking.
Treasury Secretary Janet Yellen on Tuesday announced the formation of a 25-member committee called the Treasury Advisory Committee on Racial Equity, which will identify, monitor, and review aspects of the domestic economy “that have directly and indirectly resulted in unfavorable conditions for communities of color,” according to a press release.
In the latest iteration of the Biden administration’s inclusion of capitalism critics in federal governance, Felicia Wong, the president and CEO of the Roosevelt Institute, was announced to serve as the nascent racial equity committee’s vice chair.
Wong is a former executive at the Democracy Alliance, a network of liberal megadonors founded in part by billionaire George Soros. Since 2012, she has led the Roosevelt Institute, a liberal think tank that wants to abolish for-profit prisons, reimagine capitalism, and put racial justice at the “center” of all government policymaking.
These tweets from the Roosevelt Institute speak volumes.
Both neoliberalism and racial liberalism have failed. Together, these paradigms upheld a racial capitalism that subjugated people of color with racist rules while ignoring and revising history—promoting race-neutrality while exacerbating existing inequalities.
— Roosevelt Institute (@rooseveltinst) November 16, 2021
Capitalism has failed us in far too many ways.
— Roosevelt Institute (@rooseveltinst) September 14, 2020
Jeff Mordock of the Washington Times has more on Wong and her views:
Ms. Wong’s appointment has already drawn some scrutiny for pushing far-left ideas, including putting racial justice at the center of all government policymaking; abolishing for-profit prisons and defunding the police.
A report published last year by the Roosevelt Institute and co-authored by Ms. Wong said that “all policy,” including vaccine distribution to tax reform, has a racial impact. “Always considering race in policy design is therefore vital,” it said.
The report also pushed for wealth redistribution in the name of racial justice, arguing that “equity” should result in equal outcomes for everyone, not just the same opportunities.
“True equity means equity of outcome, and not accepting the promise of ‘opportunity’ within a system that continues to systematically exclude,” Ms. Wong wrote. “It demands redistribution of resources—especially when wealth for some has been extracted from many—and a redistribution of decision-making power.”
In recent days, the White House has been struggling to walk back some comments by Kamala Harris on distributing hurricane relief resources based on equity.
Why aren’t they standing by what she said? It seems to fit perfectly with the views of the new committee at the Treasury Department.
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