On December 3, 2019, California Senator Kamala Harris announced her decision to drop out of the 2020 presidential race.
“I’ve taken stock and looked at this from every angle, and over the last few days have come to one of the hardest decisions of my life,” Harris wrote in a Medium article, which was also sent out to supporters through email and social media. “My campaign for president simply doesn’t have the financial resources we need to continue.”
The Harris campaign’s inability to fund itself raises important questions about the future of political campaigns in the United States. Could the Harris campaign have been saved by a last-minute large-dollar donation?
Here at Philanthropy Women, we are primarily concerned with how gender equality movements are being cultivated through charitable giving. However, we occasionally like to step out of our silo and bring in news about how gender equality can be fostered through our collective distribution systems known as governments.
Which is why, today, we want to talk about Elizabeth Warren’s proposed ‘Wealth Tax’. According to Nancy L. Cohen, author, historian and thought leader on gender and American politics, “Warren’s wealth tax would be a massive investment in gender equity.”
“Senator Warren’s proposed wealth tax is a massive investment in gender equality – and if enacted, would be a gamechanger for women and girls across the US,” said Cohen, further describing the tax plan as a “bold investments in universal childcare and early education” that would “raise wages for childcare workers” and “unleash the potential of American women – increasing workforce participation and helping to close the gender wage gap.”