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1 Jun 2020

Samson Amore, The Wrap

Snap CEO calls for Reparations Commission & higher taxes to address racial injustice

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Snap Inc. chief executive Evan Spiegel called for the establishment of a non-partisan Commission on Truth, Reconciliation, and Reparations and new income tax structures as part of a larger plan to make America more equitable for black citizens.

“We should establish a diverse, non-partisan Commission on Truth, Reconciliation, and Reparations,” Spiegel wrote in an internal memo to employees Monday. “We must begin a process to ensure that America’s black community is heard throughout the country, investigate the criminal justice system for bias and prejudice, strengthen the Department of Justice Civil Rights Division, and take action on recommendations for reconciliation and reparations made by the Commission.” Spiegel added in his letter that the country must rethink its tax system, which he said is fundamentally flawed... “Investing in the future of our country to benefit our children’s children will be expensive. We will need to institute a more progressive income tax system and a substantially higher estate tax, and we will need corporations to pay a higher tax rate,” Spiegel said.

... “Some of you have asked about whether Snap will contribute to organizations that support equality and justice. The answer is yes. But in my experience, philanthropy is simply unable to make more than a dent in the grave injustices we face,” Spiegel said.