Reveal
The Center for Investigative Reporting and PRX
As the Trump Administration Erases Black History, These Writers Are Keeping It Alive
About This Episode
One of the unmistakable throughlines of the second Trump administration is how it’s overhauling policies that directly affect African Americans, most notably by targeting programs and initiatives that promote diversity, equity, and inclusion, or DEI.
For journalist Nikole Hannah-Jones, it’s an attempt to take the country back to an era before the civil rights movement. “A lot of folks are saying, you know, that this administration is rolling back the ’60s, but I’m like, he—this administration’s actually going back further than that.”
The administration is also removing references to Black history from the nation’s museums, parks, and schools. When history itself is being erased at the highest levels, who’s left to tell us where we’ve been and where we’re headed?
This week on Reveal, as part of Black History Month, we’re bringing you conversations from our sister podcast, More To The Story, with three prominent Black writers who are fighting to tell a more inclusive American story.
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SummaryThis episode of Reveal investigates the booming domestic trust industry, which has transformed the United States into a primary global destination for hiding assets. The hosts explore how wealthy individuals use trusts—legal mechanisms once reserved for the ultra-wealthy—to avoid taxes, protect assets from creditors, and maintain complete financial privacy. Through the story of entrepreneur Alessandro Chesar, the episode highlights the disparity between the sophisticated tools available to the rich and the financial realities faced by everyday Americans. Reporters Sally Hersch and Leah McGrath Goodman take listeners to Sioux Falls, South Dakota, an unlikely epicenter for this trillion-dollar industry. They reveal how states compete to enact the most lenient, secrecy-favoring laws to attract capital. Experts discuss how these practices, including perpetual trusts and structures that keep beneficiaries in the dark, contribute to extreme wealth inequality and complicate legal efforts to trace hidden funds. The episode paints a picture of a system where legal loopholes are actively cultivated to prevent the redistribution of wealth, ultimately questioning whether these secretive financial practices are fueling a new era of American aristocracy.
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