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A $95,000 question: why are whites five times richer than blacks in the US?
The Guardian (UK) ^ | 5/17/10 | Chris McGreal

Posted on 05/19/2010 10:47:13 AM PDT by reaganrevolutionin2010

A huge wealth gap has opened up between black and white people in the US over the past quarter of a century – a difference sufficient to put two children through university – because of racial discrimination and economic policies that favour the affluent.

A typical white family is now five times richer than its African-American counterpart of the same class, according to a report released today by Brandeis University in Massachusetts.

White families typically have assets worth $100,000 (£69,000), up from $22,000 in the mid-1980s. African-American families' assets stand at just $5,000, up from around $2,000.

A quarter of black families have no assets at all. The study monitored more than 2,000 families since 1984.

(Excerpt) Read more at guardian.co.uk ...


TOPICS: Culture/Society; Extended News; Front Page News; Politics/Elections; United Kingdom
KEYWORDS: africanamerican; bs; democrats; earnedpoverity; economy; handupnothandout; income; liberalfascism; liberals; obotpropaganda; poverty; race; racecard; racism; racist; wealth; welfare; whiteysfault
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Not to worry, black America - there's always Hope And Change...
1 posted on 05/19/2010 10:47:13 AM PDT by reaganrevolutionin2010
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To: reaganrevolutionin2010

Because the average white kid is not told from birth that they are going to be discriminated against and held back no matter what they do by their so called “leaders”.


2 posted on 05/19/2010 10:48:59 AM PDT by MNJohnnie (The problem with Socialism is eventually you run our of other peoples money. Lady Thatcher)
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To: reaganrevolutionin2010

This is from England where the different in wealth in classes is ten times more then the USA.


3 posted on 05/19/2010 10:49:19 AM PDT by edcoil (RAGE AGAINST THE MACHINE.)
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To: reaganrevolutionin2010
The Guardian should be asking itself : Why are whites five times richer than blacks in the UK?
4 posted on 05/19/2010 10:49:23 AM PDT by SmokingJoe
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To: reaganrevolutionin2010

This is proof we need an Economic Democracy Amendment to the Constitution!

The govt should take from the rich and give to the poor, until we’re all equal.

/sarc


5 posted on 05/19/2010 10:49:26 AM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: reaganrevolutionin2010

I don’t care about that.

I have more important concerns. I want to know who is going to solve the disparity in spinner rims on automobiles between blacks and whites.


6 posted on 05/19/2010 10:50:18 AM PDT by RFEngineer
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To: reaganrevolutionin2010

The article doesn’t even mention the high incidence of single-parent families in the AA community as one of the possible factors.


7 posted on 05/19/2010 10:50:19 AM PDT by rightwingintelligentsia (Forcing one person to pay for the irresponsibility of another is NOT social justice.)
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To: reaganrevolutionin2010

Thomas Sowell discussed this in one of his economics books.


8 posted on 05/19/2010 10:50:23 AM PDT by Chickensoup ("A corrupt society has many laws" - Tacitus)
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To: reaganrevolutionin2010

One could not have devised a more effective plan to destroy the African American race than the Great Society and Welfare has done.


9 posted on 05/19/2010 10:50:24 AM PDT by PGR88
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To: reaganrevolutionin2010

Of course they did not bother to adjust for the fact the White Population is 8 to 9 times bigger in the USA then the black population,


10 posted on 05/19/2010 10:50:35 AM PDT by MNJohnnie (The problem with Socialism is eventually you run our of other peoples money. Lady Thatcher)
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To: Travis McGee

DON’T believe anything you read in the Guardian.


11 posted on 05/19/2010 10:50:57 AM PDT by Amberdawn (As you go through life brother, whatever your goal, keep your eye on the donut and not on the hole.)
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To: reaganrevolutionin2010
because of racial discrimination

Oh yes, we are more racist than the days of Democrat Jim Crow and Democrat Segregation. uh huh

12 posted on 05/19/2010 10:50:58 AM PDT by GeronL (Political Correctness Kills)
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To: reaganrevolutionin2010

Why doesn’t the Guardian(UK) mind it’s own country’s multiple problems, like being taken over by Islam?


13 posted on 05/19/2010 10:51:00 AM PDT by ReneeLynn (Socialism is SO yesterday. Fascism, it*s the new black. Mmm Mmm Mmm.)
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To: MNJohnnie
IMO, I think fathers matter.

And then there's that 50% high school dropout rate that Bill Cosby has famously talked about.

14 posted on 05/19/2010 10:51:37 AM PDT by reaganrevolutionin2010
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To: reaganrevolutionin2010

This is the result of *the war on poverty* - sadly, black families were seduced by false promises and sabotaged with welfare bribes.

The tragedy of fatherless families should be a clue.


15 posted on 05/19/2010 10:51:46 AM PDT by sodpoodle (Despair - Man's surrender. Laughter - God's redemption)
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To: reaganrevolutionin2010

This study is clearly flawed as not being normalized by “family” size and age distributions. Besides, what about the celebration of diversity? Who even wants to be like Whitey?


16 posted on 05/19/2010 10:52:00 AM PDT by Paladin2
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To: reaganrevolutionin2010

Self-victimization doesn’t make you rich.

It just makes you angry at everyone else that you’re not.

Add to that the two career choices as enumerated by pop culture for blacks: rapper or athlete.


17 posted on 05/19/2010 10:52:06 AM PDT by struggle ((The struggle continues))
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To: reaganrevolutionin2010

West Virginia, demographically, seems to contradict the insinuations in this headline.


18 posted on 05/19/2010 10:52:21 AM PDT by allmost
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To: reaganrevolutionin2010

Work, Sacrifice, Family unit, Respect for the law.


19 posted on 05/19/2010 10:52:28 AM PDT by EyeGuy
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To: reaganrevolutionin2010
A huge wealth gap has opened up between black and white people in the US over the past quarter of a century – a difference sufficient to put two children through university – because of racial discrimination and economic policies that favour the affluent the prevailing attitude in inner-city schools that studying to achieve good grades, and ultimately professional success later in life, is "acting white."

Fixed it.

20 posted on 05/19/2010 10:52:32 AM PDT by highimpact (Abortion - [n]: human sacrifice at the altar of convenience.)
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To: rightwingintelligentsia

Yep. The author is a fraidy cat, who tap dances around the real reasons.


21 posted on 05/19/2010 10:52:36 AM PDT by reaganrevolutionin2010
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To: reaganrevolutionin2010

Democrats !


22 posted on 05/19/2010 10:52:40 AM PDT by Tigen (I shall raise you one .)
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To: reaganrevolutionin2010
A huge wealth ambition gap has opened up...
23 posted on 05/19/2010 10:53:20 AM PDT by dfwgator
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To: reaganrevolutionin2010

The answer is so simple, in the words of MLK “Learn baby learn, and you will earn baby earn.” I guess that advise was ignored by most.


24 posted on 05/19/2010 10:53:44 AM PDT by Bringbackthedraft (THE CANDIDATE THE LEFT SMEARS THE MOST IS THE ONE THEY FEAR THE MOST.)
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To: MNJohnnie

Because the average white child still has a dad in the home and mama ain’t married to a welfare check.


25 posted on 05/19/2010 10:53:57 AM PDT by Kozak (USA 7/4/1776 to 1/20/2009 Reqiescat in Pace)
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To: reaganrevolutionin2010

26 posted on 05/19/2010 10:54:01 AM PDT by I see my hands (_8(|)
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To: reaganrevolutionin2010
The Guardian asks the question, and then 'answers' it as follows.

Since the 1980s, US administrations have also geared the tax system to the advantage of the better off. Taxes on unearned income, such as shares and inheritance, fell sharply and are much lower than taxes on pay.

Yes that would explain why a particular section of society aren't earning/retaining any money (face-palm).

Dear Guardian, what percentage of poor blacks pay taxes of any kind? Conversely, what percentage of poor blacks are net recipients of tax money?

27 posted on 05/19/2010 10:54:22 AM PDT by agere_contra
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To: Amberdawn

Where did they get these figures, the greater Soviet
Encyclopedia?


28 posted on 05/19/2010 10:54:44 AM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: reaganrevolutionin2010

Answer: The Democrats!!


29 posted on 05/19/2010 10:55:06 AM PDT by Osage Orange (Si vis pacem, para bellum)
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To: reaganrevolutionin2010

Education.


30 posted on 05/19/2010 10:55:08 AM PDT by kabar
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To: reaganrevolutionin2010

Let me guess: Since welfare, affirmative action, food stamps, the stimulus, section 8 and all that didn’t work, it’s time for slavery reparations? Am I warm?


31 posted on 05/19/2010 10:55:09 AM PDT by 2ndDivisionVet (Don't care if he was born in a manger on July 4th! A "Natural Born" citizen requires two US parents!)
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To: reaganrevolutionin2010
The question as asked, automatically implies racism.
They are asking the wrong question.
It would be better to ask why there is a difference between poor and rich blacks.
They would get more helpful information that way, but of course that is not the issue.
32 posted on 05/19/2010 10:55:44 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: Bringbackthedraft

PS, Where is the major problem? Watch Maury or Gerry Springer


33 posted on 05/19/2010 10:55:55 AM PDT by Bringbackthedraft (THE CANDIDATE THE LEFT SMEARS THE MOST IS THE ONE THEY FEAR THE MOST.)
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To: reaganrevolutionin2010

Our children did not qualify for scholarships (based on our combined income), so we paid full freight for them both. We also educated someone else’s children, as the tuition is substantially higher if you do not qualify for aid. We also contribute to two scholarship funds for minority children.

I hope the recipients realize that “free money” comes from somewhere.


34 posted on 05/19/2010 10:56:07 AM PDT by ntnychik
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To: reaganrevolutionin2010
Because we choose not to be enslaved by the government.
35 posted on 05/19/2010 10:56:11 AM PDT by PeterPrinciple ( Seeking the truth here folks.)
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To: reaganrevolutionin2010

Interesting question. But, we know they really do not want to know the truth and their few, false answers are laughable.

They can’t handle the truth.


36 posted on 05/19/2010 10:56:54 AM PDT by MBB1984
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To: reaganrevolutionin2010

The U.S.’s very own nomenklatura, our permanent political class and its parasitic allies, has been on a binge since the Great Society programs of the 1960s.
The whole idea is to keep them pacified enough not to revolt but not given enough resources to advance. Rather than citizens, they are consumers in need of protection.
It’s a vicious cycle.


37 posted on 05/19/2010 10:57:04 AM PDT by griswold3 (Immigration solution: Tall Fences, Wide Gates)
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To: reaganrevolutionin2010
Laziness.

Entitlement mentality.

Any further questions?

38 posted on 05/19/2010 10:57:05 AM PDT by TXnMA ("Allah": Satan's current alias...)
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To: reaganrevolutionin2010

Because they keep voting for democrats who keep them poor and dependent.


39 posted on 05/19/2010 10:58:01 AM PDT by Danae (Don't like the Constitution, try living in a country with out one.)
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To: reaganrevolutionin2010

Better paying jobs?


40 posted on 05/19/2010 10:58:09 AM PDT by stuartcr (Everything happens as God wants it to...otherwise, things would be different)
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To: MNJohnnie

Go to South Central Los Angeles and you’ll get the answer. Welfare is rampant.


41 posted on 05/19/2010 10:58:18 AM PDT by RC2
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To: PeterPrinciple

“Because we choose not to be enslaved by the government.”

####

Bullseye. Emphasis on CHOOSE.

While their is SOME truth in blaming the Great Society disaster for the current sad state of affairs in the black family, it all starts with free choice, a decision consciously made.


42 posted on 05/19/2010 10:58:56 AM PDT by EyeGuy
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To: reaganrevolutionin2010

Because a white kid is 5 times more likely to live with both (married) parents.


43 posted on 05/19/2010 10:59:29 AM PDT by r9etb
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To: MNJohnnie

bingo


44 posted on 05/19/2010 10:59:30 AM PDT by Charlespg
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To: reaganrevolutionin2010

It is a spiritual malady — and resentment is the cause.

I know it is a generalization, but my +60 years experience shows that most black children are taught to resent the Caucasian race. That’s racism, and it never gets better — it only gets worse.


45 posted on 05/19/2010 10:59:37 AM PDT by i_dont_chat
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To: stuartcr

2 parent families, actually graduate HS and go on to higher education, lower % per capita of teenage mothers etc etc etc etc


46 posted on 05/19/2010 10:59:51 AM PDT by MNJohnnie (The problem with Socialism is eventually you run our of other peoples money. Lady Thatcher)
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To: GeronL
Oh yes, we are more racist than the days of Democrat Jim Crow and Democrat Segregation. uh huh

Someone called me a racist the other day over my stance on the new AZ law. I calmly replied, "I don't have to take that kind of an insult from someone who has sex with goats." That put an end to his name calling.

47 posted on 05/19/2010 10:59:55 AM PDT by camerongood210
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To: reaganrevolutionin2010

WHY? Because Black neighborhoods VOTE DEMOCRAT 95+% of the time....in other words...they VOTE FOR THE PLANTATION OWNERS who wants to keep them enslaved!


48 posted on 05/19/2010 11:00:14 AM PDT by goodnesswins (Destroy AMERICA.....Vote DEMOCRAT)
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To: reaganrevolutionin2010
Because sadly, the culture of Black Americans is one that minimizes the importance of education and self-reliance. If the people around you are continually telling you, through word, or action, that you don't need to constantly improve yourself through education, school or otherwise, and that you can do for yourself better, and more quickly, than government can do it, you will be stuck in a rut, resentful, for your entire life.

It would be interesting to see the statistics about white people broken down, to see the results of various economic levels within the larger group.

49 posted on 05/19/2010 11:00:22 AM PDT by SuziQ
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To: camerongood210

lol!


50 posted on 05/19/2010 11:00:41 AM PDT by GeronL (Political Correctness Kills)
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