The Sound of Economics Double tax – why women pay it and what to do about it
Nov 5, 2025
In this insightful discussion, Anna Gifty Opoku-Agyeman, an economist and author of The Double Tax, teams up with Marie-Sophie Lappe, a researcher focused on wealth trends in Europe. They explore the concept of the double tax — the compounded costs of racism and sexism that impact women, especially women of color. The duo highlights how these economic inequalities stifle overall growth, discusses the gender wealth gap in savings and pensions, and emphasizes how policies supporting Black women can benefit society at large.
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Double Tax Shrinks The Entire Economy
- The "double tax" is the compounded cost of racism and sexism that reduces economic participation and growth.
- Anna Gifty argues unaddressed burdens on marginalized women shrink overall GDP and harm everyone.
Labor Exits Reduce Public Revenue
- When marginalized groups exit the labour force, taxable income and public revenue fall for everyone.
- Anna Gifty warns losing participation from Black women reduces resources that support public goods and growth.
Investment Choices Widen Wealth Gaps
- Women accumulate less wealth due to pay gaps, career breaks and safer, lower-yield investments.
- Marie-Sophie links investment choices and labour dynamics to persistent gender pension and wealth gaps in Europe.
