Wealth Inequality presentation for the United Church of Christ annual conference April 2015 Elise DeGooyer Co-Director, Faith Action Network FANWA.org degooyer@fanwa.org Assumptions… • There are those among us with more economic expertise! • We ALL have economic experience that must be shared to shift the conversation. • Our faith traditions have much to say to Wealth Inequality. • Goal: Let’s make room for people of faith to enter into the dialogue without having to be economists or researchers… Everybody’s Talking About It… “Gaping Inequality” Barack Obama “Class warfare” Marco Rubio “I think it’s about envy” Mitt Romney “We need to replace trickle-down economics with middle-out economics.” Nick Hanauer “No such thing as a perfectly free market, anywhere. Government sets the rules.” Robert Reich “Child poverty is the greatest threat to our future national, economic, and military security.“ Marian Wright Edelman Top 1% have 40% of Nation’s Wealth Bottom 80% have 7% of Wealth http://network-education.org/wealth-inequality-america Research & Experts on the Data Pew Research Center http://www.pewresearch.org/topics/wealth/ Washington Budget & Policy Center http://budgetandpolicy.org/policy-areas/jobs-economy/income_inequality The Other Experts: Those affected by Wealth Inequality One in Five Children in WA Experience Hunger Let’s Talk Survival, Self-Sufficiency First www.selfsufficiencystandard.org/docs/Washington2014.pdf http://www.northwestharvest.org/focus-on-food-security 10+1 ideas to save our economy: The NEW New Deal (from MoveOn & Robert Reich) Which of these solutions are you most excited about? Click on your top choices! Bust up the big banks and tame Wall Street. Create a basic minimum income for all. End "corporate welfare" giveaways to big corporations. Expand Social Security. Give parents the help they need so they don't have to choose between being good parents or dedicated workers. Open Medicare to everyone. Raise the minimum wage to $15/hour. Reduce taxes on companies that share profits with their workers and raise taxes on companies that don't. Reinvent education and pay teachers more. Strengthen unions and preempt state "right-to-work" laws. (We also have to get big money out of politics. That's an imperative) Educate! http://network-education.org/campaign/mind-the-gap NETWORK Lenten series exploring Wealth Inequality in quintiles—for the well being of all God’s people. Just one good example of a study guide that already exists. NETWORK Lenten series exploring Wealth Inequality in quintiles—for the well being of all God’s people. Just one good example of a study guide that already exists. Bring Our Faith Voices to the Table! Is this not the fast I choose? To loose the bonds of wickedness, to undo the straps of the yoke, to let the oppressed go free… Isaiah 58:6-7 The Spirit of the Lord is upon me, because I have been anointed to bring good news to the poor… Luke 4:18-19 Never shall you attain to true piety unless you spend on others out of what you cherish yourselves… Holy Qur’an 3:92 The second Buddhist precept on stealing was translated from Pali texts as "I abstain from taking that which is not given.“ Truth is above everything, but higher still is truthful living… Sikh prayer Organize! Direct Action Table Turning Disciples Lenten Monday Faith Action opposing New King County Youth Jail Advocate! FAN Petition for a Moral Budget How Do We Spend Our Own State Treasury… Testimony from the 2015 Session http://www.tvw.org/index.php?option=com_tv wplayer&eventID=2015010122&stop=3285#star t=3423&stop=3650 Faith Voices Can Help Shape a New Story, beyond Sacred Money & Markets…