ISSUE 3 3
C E L E B R AT I N G
VOLUME 49
47 YEARS
F R I D AY
IN
AUGUS T 13, 2 0 21
PRINT S E AT T L E ’ S L G B T Q I A + N E W S & E N T E R TA I N M E N T W E E K LY S I N C E 19 74
LGBTQ+MONEY THE FINANCE ISSUE
The LGBTQ+ generational wealth gap
by Finbarr Toesland Special to the SGN It’s no secret that LGBTQ+ people face a range of financial challenges that heterosexual people simply don’t need to contend with. Less discussed are the effects of financial discrimination on building LGBTQ+ generational wealth. The stereotypical view of a wealthy Gay couple with no children and a sizable disposable income is just that — a stereotype.
see WEALTH GAP page 5
Photo courtesy of NGMA
“It’s time to move forward”
Update on the Julia’s on Broadway labor dispute Julia's reopening show on Saturday, Aug. 7 – Photo by Brian Buck
by Josephine Baird & Nate Gowdy SGN Contributing Writers The owner of Julia’s on Broadway and longtime producer of “Le Faux,” the selfproclaimed “largest cabaret-style celebrity impersonation show in America,” believes there are two sides to every story and that it’s time to share his side.
The SGN’s July 30 edition carried a story about a labor dispute at the celebrated drag destination, highlighting the situation from the perspectives of the six cast members most recently no longer employed there. In response, Eladio Preciado wanted the community to hear his take.
see JULIA’S page 8
The wealth gap in America
Created by slavery, fueled by racism, discrimination, and greed Images courtesy of LSU Libraries
by Janice Athill SGN Contributing Writer If you were making a purchase 150 years ago, and paid with a hundred-, fifty-, tenor two-dollar bill, you would see slaves printed on the paper. The disdain white Americans at that time had for their slaves makes you won-
der why they would choose to put them on something they deemed so valuable. If you consider that in 1863, slaves were worth three billion dollars ($83 billion in today’s dollars), then you realize that the most valuable thing they owned — the thing that built the wealth white Americans still benefit from today — were Black people.
see ATHILL page 4