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Vice Chair of Treasury Department’s New ‘Racial Equity Committee’ Wants to Defund Police and ‘Reimagine’ Capitalism

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.

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.

Featured image via YouTube.

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Comments

taurus the judge | October 6, 2022 at 3:05 pm

And just when you thought it could not get stranger….

Does make one wonder why when the RINO’s are “in charge” they can’t get things done like this?

Even though I despise what they do, I admire the tenacity and effort the left exerts in achieving their goals.

All the GOPe/RINO’s did while they were the majority was stop Trump from fixing anything and MAGA while helping the left take over.

    JohnSmith100 in reply to taurus the judge. | October 6, 2022 at 7:28 pm

    How about proportional Equity? It can be based on a person’s accomplishments and modified negatively based on the inverse of their criminality,

    broomhandle in reply to taurus the judge. | October 7, 2022 at 1:00 am

    I understand your idea but I think you are oversimplifying. A big reason they get what they want is because what they are selling is easier to consume by the masses. Everyone wants more and it is easy to turn that into a convenient belief that you deserve more and the reason you don’t have it has nothing to do with your own abilities or choices.

    What is the likelihood that these same people will take personal responsibility for their life and turn away the temptation to sign on with this mind virus?

      taurus the judge in reply to broomhandle. | October 7, 2022 at 7:29 am

      @Broom

      What you are describing is the sale and marketing tactic (which I agree with totally because nobody is going to reject “free stuff” with no personal liability or accountability as you point out)

      The goal (intent if you will) is the perpetual class warfare that Marxism cannot exist without

    For people who don’t see a way out of this, of all people, James Carville just threw a huge monkey wrench in the Democrat Party’s obsession with progressivism when he wrapped it all up by introducing the term “faculty lounge politics” into the discussion. His analysis is spot on and might very well be the seed for the current Democrat Party’s demise. Read this morning’s post by Joel Kotkin:

    https://unherd.com/2022/10/what-really-divides-america/

    Plenty there to think about for those looking to get out of their echo chambers. What Carville just did was open the trap door by framing the nonsense with one tidy expression: “faculty lounge politics”. We’ve all heard the expression: “The reason politics in academia is so vicious is because the stakes are so small”. Now it has infested the whole world and we can see what happens when smug academics meet up with the real world. Catastrophe.

    All it takes is for us to step back and realize that the vast majority of Americans are”moderate and pragmatic” and not buying into the extremism of the left or the right. By willingly trapping ourselves in our own personal echo chambers, we are still falling prey to the toxic kabuki theater debate thrust upon us by the Uniparty political narrative that continues to keep most of us wasting time fighting each other.

    “Neither” party is liberal nor conservative. Both are committed to progressivism. Yet too many of us still insist on bridging a phony gap between the Republican party and conservatives (whatever that is). Meanwhile, we are ignoring the true nature of what Trump started. By appealing to America’s broader core nature of being moderate and pragmatic, he created an new, more inclusive alternative to the Uniparty that embraced that core nature. Like him or not, Trump has done the world a big favor by toppling the WEF globalist apple cart and then continuing to hang in there to fight the battles that only he has been willing to fight. Now we have DeSantis and others joining in the fray. He has answered William Buckley’ famous call to “stand athwart history and yell STOP!”.

    Sooner than we may dare think, the Uniparty is going to collapse under its own weight as the MAGA movement spreads. As the GOPe inevitably collapses to the MAGA movement from within, the Democrats are about to collapse in next month. Let’s focus on finishing the job. We are so close which is why we are being tempted by Uniparty actors to choose between Trump vs DeSantis. Let’s not be a new version of the Stupid Party.

    dunce1239 in reply to taurus the judge. | October 7, 2022 at 2:54 pm

    Re-imagine means opium den dreams.

The people who enriched themselves on capitalism come in to lecture us on why it is ethical for them to close the doors to upward prosperity behind them and let no one else into the elite class.

Cluelessness is her job.

The Gentle Grizzly | October 6, 2022 at 3:21 pm

Were I elected president, I would demand the resignations of everyone on the cabinet and most if not all the bureaux, departments, commissions, and other agencies.

If they didn’t resign, and they were bad for the country, I would then FIRE their asses and nominate new ones. If Mitch and Nancy and others dragged their feet, I’d wait for recess and do more recess appointments than you could shake a stick at.

    Trump tried that. Congress simply stopped having recess.

    The cabinet would already be empty. A new president starts with an empty cabinet, unless he specifically asks someone to stay on. The same applies to higher-level appointments in most/all government departments.

    It’s the lower level, the civil servants who actually carry out policy, who stay on. In principle they’re supposed to be carrying out the president’s policies, but in practice they often have policies of their own, and they don’t care about those of the president who is officially their boss. That’s what they now call the “deep state”. And it’s very difficult if not impossible for a president to fire them.

    As for recess, as you know the senate nowadays rarely goes on recess. This policy was started by the Republicans early during 0bama’s term, and is now the expected tradition. But it’s not always a matter of choice or policy. The senate can’t go into recess without the House’s permission, so if there’s a GOP president and senate but the Dems hold the House, it won’t allow a senate recess.

      randian in reply to Milhouse. | October 7, 2022 at 9:07 am

      but in practice they often have policies of their own, and they don’t care about those of the president who is officially their boss.

      Of course they don’t care. That was the entire point of FDR’s new “professional” bureaucracy, though he sold it as “getting rid of nepotism”. Permanently entrench progressivism by making the bureaucracy impossible to replace and therefore, to influence. The old system of nepotism is preferable, in my opinion, as at least then the bureaucracy would be responsive to the new boss.

        Milhouse in reply to randian. | October 7, 2022 at 9:16 am

        I agree. The “spoils system” was bad, but this is worse.

        But it’s not FDR who’s to blame, it’s the “Progressive” and “Goo-goo” movements that preceded him.

    empiricallyobvious in reply to The Gentle Grizzly. | October 6, 2022 at 8:03 pm

    I have long touted an “employment term limit” of 10 years for ALL government employees. Per the Bureau of Labor Statistics the average stay with an employer is 3.8 to 4.1 years. However, ideologues burrow their way into our permanent bureaucracy and “monkeywrench” efforts at reform or even outright sabotage policy that they disagree with…work term limit them all!

Where do they find these folk?? Under a rock?

“Capitalism has failed us in far too many ways.”

From where I stand, I see a completely different picture.
What is the alternative to Capitalism?

Feudalism?
Socialism?
Fascism?

Capitalism may not be perfect, but its is the best economic model created or known to us, by far. When accompanied by democratic principles, freedom, justice and the rule of law, Capitalism can, and will succeed where every other system fails.

Prove me wrong.

    Peabody in reply to Exiliado. | October 6, 2022 at 4:19 pm

    Monarchy?

    Oligarchy?

    Hierarchy?

    No. If you defund the police, you will have Anarchy.

    Dimsdale in reply to Exiliado. | October 6, 2022 at 10:34 pm

    Oh sure, her(?) socialism/communism has always been so successful! See Venezuela for reference.

    “…equitable, inclusive, and sustainable” Is that like inexpensive, good and available, pick any two?

Just insane, yes we need more 3rd world immigrants so they can grow up, be successful and then stick a knife in our backs.
Close the boarders, close all immigration for the next 20 years!

Enough!!!

    Milhouse in reply to gonzotx. | October 6, 2022 at 7:36 pm

    You sound exactly like 0bama. “You didn’t build that”. It’s the exact same envy.

    JohnSmith100 in reply to gonzotx. | October 6, 2022 at 7:41 pm

    Not close borders completely, continue to bring the best and brightest, coupled with expulsion of 1000 Marxists or illegals for each new entry.

“‘Reimagine’ Capitalism”
“True equity means equity of outcome”

Short of the heat death of the universe, you will never have “true equity.” If you even come close to it, you will be Soviet-level sorry you did.

For heaven’s sake, you feckless bint, the USA is not your personal Sim City. Reimagine capitalism on your own time. We’re not paying you to destroy America.

    InEssence in reply to henrybowman. | October 6, 2022 at 11:51 pm

    It is either to “reimagine” (whatever that means) capitalism, than it is to study economics and learn what capitalism is. For certain, we know that they are ignorant of English an economics.

Miss Wong, whom Elmer Fudd says is never wong, believes in equity of outcome. To do this, she advocates all assests be re-distributed in order that all people be in the same boat. However, since assets change daily, they would have to be re-re-distributed every second Tuesday.

Strange how all of these people that talk about equity of outcome are unelected bureaucrats that already got theirs.

    JHogan in reply to SeymourButz. | October 6, 2022 at 5:18 pm

    They want ‘equity of outcome’ only for those who are not members of the ruling elite — not members of the socialist aristocracy or their, for lack of a better word, servants.

    While hierarchy is not allowed outside of the ruling elite, there is a hierarchy within the socialist aristocracy (as there always is among aristocrats). And among their servants — they want only the best servants, of course. Perceived, and real, merit is a consideration in rising in that hierarchy.

    In short their motto is — merit for me, but not for thee. There shall be no real hierarchy amongst the unwashed masses. They shall have equity, and equity of outcome, regardless of merit. And they shall be happy. And, in equity, own nothing.

Bureaucracy moving into the Marxists

Somebody remind me, what was it that Joe McCarthy had wrong?

    Milhouse in reply to Paul. | October 6, 2022 at 7:40 pm

    I was always taught that he accused the wrong people. Being a communist is a terrible thing, so you have to be careful whom you accuse of it. And that the result of his accusing innocent people of being communists allowed actual communists to escape detection and to continue undermining the USA.

    But it’s funny how nobody seems to be able to point to an example of an innocent person he accused. If there were very many of these, as I was always told, then surely it shouldn’t be difficult to identify a few of them.

      henrybowman in reply to Milhouse. | October 6, 2022 at 10:01 pm

      “Being a communist is a terrible thing, so you have to be careful whom you accuse of it.”
      *Rule not applicable to racists, terrorists, or insurrectionists, or in the state of CA, NY. and MA.

    JohnSmith100 in reply to Paul. | October 6, 2022 at 7:48 pm

    I had a friend who was caught up in McCarthyism and felt sorry for him. Today, while I understand that some innocent people were caught up, I believe that we need another McCarthy like person.

      Milhouse in reply to JohnSmith100. | October 7, 2022 at 9:19 am

      Can you identify a specific innocent person whom McCarthy accused? Because despite “everyone knowing” that this happened, nobody seems to be able to come up with specific names.

Marx defined the word, and the concept of, capitalism. As an historic stepping stone on the way to communism. In between capitalism and communism is another historic stepping stone called socialism.

His view of the ‘progression’ of history is…

capitalism -> socialism -> communism

She wants to ‘reimagine’ capitalism to socially engineer ‘equity of outcome’. Equity of outcome is a bedrock principle of Marx’s communist utopia.

See the difference? /s

She is a Marxist and a liar.

Marxists are almost without exception liars and manipulators. They will tell any lie, twist any word, make any claim, to advance The Cause. Because, like their spiritual leader, they are morally righteous and superior. And you are not.

NOTE; Those who arrogantly and condescendingly say something or someone is on the ‘wrong side of history’ are looking back at history from the socialism stepping stone. And looking forward to — take a guess.

    Dimsdale in reply to JHogan. | October 7, 2022 at 7:19 am

    “Capitalist” is a Marxist name. It is more accurately a “free market.”

    Capitalist assumes that all you care about is money, whereas a free market allows one to make better products via a Darwinian competition.

Shall we start with equity of outcome in IVY League Full Professors; how much ideological equity by political affiliation exists within the academy?

How about professional sports leagues? Not many female, Jewish QB in the NFL. Same for power forward in the NBA. What gives? Professional sports are the most viable way in terms of viewership to display equity of outcome. Where’s the cornerback who’s a double amputee?

Equity of outcome can’t be limited to only some jobs. No indeed, true equity of outcome will require some to step aside from their current position and profession to give way for someone else. Those displaced can simply swap places. So the white female professor will be required to assume the profession of the ditch digger who replaced her.

True equity will see an end to dominance or even mere over representation by race, sex, age, disability. No more pink or blue jobs. No more age discrimination. If your 80 year old diabetic grandma with two hip replacements wants to serve her Nation as Marine infantry then no can stop her.

    JHogan in reply to CommoChief. | October 6, 2022 at 5:23 pm

    Equity of outcome is not for the ruling class.

    It is for the peasants and peons.

      CommoChief in reply to JHogan. | October 6, 2022 at 7:17 pm

      As they envision it and seek to enforce it you are correct. Look at the behavior of the climate cult; they fly around the world on private jets, live in mansions 5x+ larger than the average home, located in coastal areas. None of that indicates that they actually believe the sea will rise, that jet fuel is bad or that amount of energy required for home heating or AC is unsustainable.

      Instead the climate cult wants to create a caste system where the virtuous (them) retain the trappings of modern life while the peasants/serfs (us) are thrust back to pre industrial days to toil in the fields.

        Dimsdale in reply to CommoChief. | October 7, 2022 at 9:00 am

        And even if they do believe it, they don’t believe in the hysterical, constantly reset “10 years to the apolcalypse” deadline that seems to keep moving.

        It is all a ploy to gain power, and do so in a socialist/communist way.

2smartforlibs | October 6, 2022 at 5:14 pm

In short national police force and communism. Neither law enforcement nor capitalism needs liberalism injected.

Where the f–k do they find these parasitic lunatics?????????

    henrybowman in reply to TheFineReport.com. | October 6, 2022 at 7:53 pm

    You have to re-envision “tuition reimbursement” as the equivalent of major government contracts to universities to continue to turn them out.

Steven Brizel | October 6, 2022 at 6:46 pm

This administration is dominated by such individuals

I am re-imagining capitalism as communism.

If Treasury has the spare funding to invent new missions and hire more ‘crats to to execute them they are massively over funded.

The fact that you print cash doesn’t mean you have as much funding as you have paper and ink.

    Gosport in reply to Gosport. | October 7, 2022 at 1:47 pm

    From their website:

    The U.S. Department of the Treasury’s mission is to maintain a strong economy and create economic and job opportunities by promoting the conditions that enable economic growth and stability at home and abroad, strengthen national security by combating threats and protecting the integrity of the financial system, and manage the U.S. Government’s finances and resources effectively.

    Anyone see anything about ‘racial equity’, defunding police, or ‘re-imagining capitalism’ in there?

    No, I didn’t think so.

“Equity of outcome”? Does that mean I finally get to play center for my favorite NBA team even though I’m a foot shorter than most centers? Hopefully they will also do away with the score board, and the win/lose idea. Just let us play for 40 minutes and do ESPN interviews afterward.
What a country!

Vote Dem – early and often!

I don’t have to imagine the world Ms Wong would have us live in. I merely need to see how whites are treated in South Africa (or how Copts are treated in Egypt) to see the world she desires.

“equity of outcome”–what utter bullschyte–typical academic / parasitic prog

have had the good fortune to work with / for many, many self-made men and women in this life–some started with a little bit, others with virtually nothing but all of them risked everything to start or purchase a business and to make it successful, to maximize it’s potential (and their own)–to tell legions of these folks who have made the sacrifices and borne the risks to succeed that now because of some government edict, ANYONE, regardless of effort, or the willingness to take risks, or to work long and hard, is ENTITLED to the same fruits and rewards of such efforts because they are of a certain color, or persuasion, or political affiliation, etc is childish and insane

perhaps the revolutionaries in france had the right idea so long ago

BierceAmbrose | October 8, 2022 at 1:54 am

How about keep the govt solvent first, then on to the side=stuff?