News

2004-08-25

Yahoo Financial News, Page Financial

Gays and Lesbians to withhold $1.4 Billion During October 8 Economic Boycott



Gays and Lesbians to Withhold $1.4 Billion From US Economy During October 8 Economic Boycott
Wednesday August 25, 7:41 am ET

ATLANTA, Aug. 25 /PRNewswire/ -- The U.S. lesbian and gay population spends an average of $1.4 billion each day, totaling $500 billion a year, and Boycott For Equality is organizing a one-day nationwide economic "walkout" on October 8, 2004 to make that point clear.

The one-day event is designed to highlight the contribution that lesbians and gays make to the domestic economy and tax base, at the same time they are denied the full legal protections and civil liberties afforded heterosexual Americans.

"We want to remind those in our nation who don't always see the impact of our community in terms of dollars and cents that we do have real market power," said Boycott for Equality Co-Founder Dale Duncan. "We were inspired by Don't Amend Founder Robin Tyler's famous quip, `If being gay is a disease, let's all call in sick to work' and decided to put those words into action."

Up to twenty-seven million Americans identify as being primarily lesbian or gay, yet no Federal law provides protection from discrimination in the workplace and many State and Federal laws prohibit access to the rights and responsibilities of marriage.

According to the Washington D.C.-based public relations firm Witeck-Combs Communications, the US Gay, Lesbian, Bisexual and Transgender (GLBT) population contributed an estimated $500 billion to the U.S. marketplace in 2003, while The University of Georgia's Selig Center at the Terry College of Business estimates that the African-American, Hispanic, Asian and Native- American markets contribute $688 billion, $653 billion, $344 billion, and $45 billion respectively.

"This event brings into focus the economic contribution of GLBT citizens," said Duncan. "And people understand money. The response so far has been tremendous."

Some major groups that have endorsed or encouraged Boycott for Equality Day include the National Gay and Lesbian Task Force, Don't Amend: The Equality Campaign, The Advocate magazine, Civil Marriage US, DC Diversity, Equality Illinois and Wyoming Equality.

Additionally, comic Margaret Cho's web site, http://www.loveisloveislove.com, has listed Boycott For Equality Day as one of the "12 Things You Can Do" to promote gay and lesbian equality.

October 8 falls on a Friday, and the following Monday is National Coming Out Day, Duncan explained. "It seemed like a great time to make our presence felt."

Boycott For Equality is an Atlanta-based non-profit formed to promote the boycott, scheduled this year for October 8. For that day, GLBT Americans and their straight allies are encouraged to withdraw from the economy in three specific areas:

1) Do not purchase anything. Do not generate sales tax or business revenue.

2) Don't work. Take the day off - do not generate payroll taxes, income taxes or add to the economy.

3) Do not use cell phones. Dropping out of the communication network is a way to measure the impact of your presence.

For more information, visit http://www.boycottforequality.org

Contact: Dale Duncan (757) 257-6215
dsd@boycottforequality.org

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