This assignment challenges you to address the racial wealth disparities highlighted in the “State of Black California 2024” report. You will devise a series of economic policies and initiatives aimed at closing the racial wealth gap within a decade. Your proposals should be grounded in robust economic metrics and should also take into account the concept of the Black tax, which we have studied in previous weeks.
Objectives
Analyze the current economic disparities affecting the Black population in California as presented in the UCLA Newsroom article.
Propose actionable solutions that can realistically close the racial wealth gap within ten years.
Evaluate the potential economic impact of these solutions using relevant economic metrics.
Reflect on the societal implications of the Black tax in the formulation of your proposals.
Materials
State of Black California 2024
Previous course materials on the concept of the Black tax.
Tasks
Article Analysis: Provide a detailed analysis of the UCLA Newsroom article, focusing on the key economic issues highlighted.
Solution Development: Develop a comprehensive plan that includes specific policies and initiatives aimed at closing the wealth gap. These should be innovative, feasible, and grounded in economic theory.
Impact Evaluation: Use economic metrics to evaluate the efficacy of your proposed solutions. Consider factors like employment rates, income distribution, access to education, and homeownership rates.
Contextual Analysis: Discuss how the concept of the Black tax might affect your proposed solutions and how it can be addressed within your strategies.
Deliverables
A report of 500-600 words detailing your analysis, proposed solutions, and evaluations.
Rubric (250 Points Total)
Criteria
Excellent (81-100%)
Good (61-80%)
Satisfactory (41-60%)
Needs Improvement (0-40%)
Article Analysis (50 pts)
Provides a thorough and insightful analysis of the article, identifying all relevant economic issues (41-50 pts)
Provides a clear and detailed analysis, identifying most key issues (31-40 pts)
Analysis covers basic points but misses depth (21-30 pts)
Analysis is superficial or incomplete (0-20 pts)
Solution Development (100 pts)
Solutions are innovative, well-researched, and clearly feasible with strong economic grounding (81-100 pts)
Solutions are practical and somewhat innovative with good economic rationale (61-80 pts)
Solutions are basic and lack innovation or detailed rationale (41-60 pts)
Solutions are unrealistic, poorly detailed, or lack economic justification (0-40 pts)
Impact Evaluation (50 pts)
Provides a comprehensive evaluation of economic impacts with detailed metrics and forecasts (41-50 pts)
Provides a good evaluation with clear metrics, but may lack depth in forecasts (31-40 pts)
Evaluation uses basic metrics and provides a general forecast (21-30 pts)
Lacks detailed metrics or meaningful evaluation of impacts (0-20 pts)
Contextual Analysis (50 pts)
Deeply integrates the concept of the Black tax into solutions, showing nuanced understanding (41-50 pts)
Adequately considers the Black tax but with limited depth (31-40 pts)
