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Biden’s “Plan” to Address the Racial Wealth Gap Won’t Cut It. Only Reparations Can Do That

The plan included steps like establishing a federal effort to address inequality in home appraisals and using government authority to boost support for Black-owned businesses, including through business grants. 

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Joe Biden and Kamala Harris/ Featured Web

OPINION

On June 1, the 100th anniversary of the Tulsa Massacre, President Joe Biden announced a plan to support Black homeownership and Black-owned businesses, which he said was aimed at closing the racial wealth gap between Black people and white people. The plan received praise from those who celebrated Biden’s apparent attempt to address the gap, which his administration has identified as a key policy goal.

The plan included steps like establishing a federal effort to address inequality in home appraisals and using government authority to boost support for Black-owned businesses, including through business grants. 

These are all great steps worth taking, but we shouldn’t pretend like they will do anything to meaningfully narrow the racial wealth gap. Only reparations can do that.

According to a recent New York Times piece by Duke University economist William Darity, the wealth gap between Black and white Americans ranges from somewhere between nearly $54,700 a person and $280,300 a person. 

Using the larger estimate, which Darity argues is more appropriate, the total racial wealth gap amounts to $11.2 trillion–“a figure that implies that incremental measures will not be sufficient” to close it, he wrote. 

Another 2016 study from the Institute for Policy Studies and the Corporation for Enterprise Development suggests that white households are worth nearly 20 times more than Black households on average, and that it would take 228 years for Black folks to catch up. That’s assuming white people’s collective wealth doesn’t increase at all during that time. 

And that was before our households and businesses took the devastating economic hit of the COVID-19 pandemic.

Addressing discrimination in homeownership and supporting Black entrepreneurship are worthwhile policy endeavors. But we should be honest about what they represent in the grand scheme of things: At best, they are marginal steps in the right direction. And that’s not going to cut it. If we are serious about addressing the racial wealth gap, then we must get serious about reparations. There’s no way around it. The numbers speak for themselves.

If our elected officials aren’t prepared to go that route, fine — but we should stop letting them pretend like they are serious about the racial wealth gap. A gap created out of centuries of stolen labor, stolen land, and stolen wealth and resources can’t be addressed by a new housing policy or small business grant program.

During the 2020 campaign, then-candidate Biden said he supported H.R. 40, a bill that would commission a congressional study on reparations to determine what that could actually look like. The House passed the bill last year. Biden should push the Senate to pass it, too–and then sign it. 

And even that would only be the beginning.

Activism

OP-ED: AB 1349 Puts Corporate Power Over Community

Since Ticketmaster and Live Nation merged in 2010, ticket prices have jumped more than 150 percent. Activities that once fit a family’s budget now take significant disposable income that most working families simply don’t have. The problem is compounded by a system that has tilted access toward the wealthy and white-collar workers. If you have a fancy credit card, you get “presale access,” and if you work in an office instead of a warehouse, you might be able to wait in an online queue to buy a ticket. Access now means privilege.

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Bishop Joseph Simmons, Senior Pastor, Greater St. Paul Baptist Church, Oakland
Bishop Joseph Simmons, Senior Pastor, Greater St. Paul Baptist Church, Oakland

By Bishop Joseph Simmons, Senior Pastor, Greater St. Paul Baptist Church, Oakland

As a pastor, I believe in the power that a sense of community can have on improving people’s lives. Live events are one of the few places where people from different backgrounds and ages can share the same space and experience – where construction workers sit next to lawyers at a concert, and teenagers enjoy a basketball game with their grandparents. Yet, over the past decade, I’ve witnessed these experiences – the concerts, games, and cultural events where we gather – become increasingly unaffordable, and it is a shame.

These moments of connection matter as they form part of the fabric that holds communities together. But that fabric is fraying because of Ticketmaster/Live Nation’s unchecked control over access to live events. Unfortunately, AB 1349 would only further entrench their corporate power over our spaces.

Since Ticketmaster and Live Nation merged in 2010, ticket prices have jumped more than 150 percent. Activities that once fit a family’s budget now take significant disposable income that most working families simply don’t have. The problem is compounded by a system that has tilted access toward the wealthy and white-collar workers. If you have a fancy credit card, you get “presale access,” and if you work in an office instead of a warehouse, you might be able to wait in an online queue to buy a ticket. Access now means privilege.

Power over live events is concentrated in a single corporate entity, and this regime operates without transparency or accountability – much like a dictator. Ticketmaster controls 80 percent of first-sale tickets and nearly a third of resale tickets, but they still want more. More power, more control for Ticketmaster means higher prices and less access for consumers. It’s the agenda they are pushing nationally, with the help of former Trump political operatives, who are quietly trying to undo the antitrust lawsuit launched against Ticketmaster/Live Nation under President Biden’s DOJ.

That’s why I’m deeply concerned about AB 1349 in its current form. Rather than reining in Ticketmaster’s power, the bill risks strengthening it, aligning with Trump. AB 1349 gives Ticketmaster the ability to control a consumer’s ticket forever by granting Ticketmaster’s regime new powers in state law to prevent consumers from reselling or giving away their tickets. It also creates new pathways for Ticketmaster to discriminate and retaliate against consumers who choose to shop around for the best service and fees on resale platforms that aren’t yet controlled by Ticketmaster. These provisions are anti-consumer and anti-democratic.

California has an opportunity to stand with consumers, to demand transparency, and to restore genuine competition in this industry. But that requires legislation developed with input from the community and faith leaders, not proposals backed by the very company causing the harm.

Will our laws reflect fairness, inclusion, and accountability? Or will we let corporate interests tighten their grip on spaces that should belong to everyone? I, for one, support the former and encourage the California Legislature to reject AB 1349 outright or amend it to remove any provisions that expand Ticketmaster’s control. I also urge community members to contact their representatives and advocate for accessible, inclusive live events for all Californians. Let’s work together to ensure these gathering spaces remain open and welcoming to everyone, regardless of income or background.

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Activism

Oakland Post: Week of December 31, 2025 – January 6, 2026

The printed Weekly Edition of the Oakland Post: Week of – December 31, 2025 – January 6, 2026

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Activism

Big God Ministry Gives Away Toys in Marin City

Pastor Hall also gave a message of encouragement to the crowd, thanking Jesus for the “best year of their lives.” He asked each of the children what they wanted to be when they grow up.

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From top left: Pastor David Hall asking the children what they want to be when they grow up. Worship team Jake Monaghan, Ruby Friedman, and Keri Carpenter. Children lining up to receive their presents. Photos by Godfrey Lee.
From top left: Pastor David Hall asking the children what they want to be when they grow up. Worship team Jake Monaghan, Ruby Friedman, and Keri Carpenter. Children lining up to receive their presents. Photos by Godfrey Lee.

By Godfrey Lee

Big God Ministries, pastored by David Hall, gave toys to the children in Marin City on Monday, Dec. 15, on the lawn near the corner of Drake Avenue and Donahue Street.

Pastor Hall also gave a message of encouragement to the crowd, thanking Jesus for the “best year of their lives.” He asked each of the children what they wanted to be when they grew up.

Around 75 parents and children were there to receive the presents, which consisted mainly of Gideon Bibles, Cat in the Hat pillows, Barbie dolls, Tonka trucks, and Lego building sets.

A half dozen volunteers from the Big God Ministry, including Donnie Roary, helped to set up the tables for the toy giveaway. The worship music was sung by Ruby Friedman, Keri Carpenter, and Jake Monaghan, who also played the accordion.

Big God Ministries meets on Sundays at 10 a.m. at the Mill Valley Community Center, 180 Camino Alto, Mill Valley, CA Their phone number is (415) 797-2567.

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