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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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To: MNJohnnie
Because the average white kid is not told from birth

Think about the children now who listen to Obama's political strategy to divide with racism. It's as if we were winning against racism and Obama had to come in and destroy it and take us back to the '60's.

221 posted on 05/19/2010 4:07:29 PM PDT by OafOfOffice (W.C:Socialism:Philosophy of failure,creed of ignorance,gospel of envy,the equal sharing of misery)
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To: reaganrevolutionin2010
Because blacks have been imprisoned in poverty-stricken ghettoes by liberals intent on building a permanent voting bloc they can control for their own ulterior purposes.

Liberalism is a Crutch

bumper sticker
222 posted on 05/19/2010 4:10:44 PM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: RFEngineer

DUDE!
I am laughing SO HARD at that comment! :-)


223 posted on 05/19/2010 4:10:50 PM PDT by a real Sheila (This is NOT Obama's Katrina. THIS IS MUCH, MUCH WORSE!)
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To: reaganrevolutionin2010

What about the average income of NFL and NBA black vs. whites? Is there discrimination there too?


224 posted on 05/19/2010 4:11:33 PM PDT by Pharmboy (The Stone Age did not end because they ran out of stones...)
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To: reaganrevolutionin2010

Brandeis University in Massachusetts

Consider the source!


225 posted on 05/19/2010 4:15:46 PM PDT by lonestar (Better Obama picks his nose than our pockets!)
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To: struggle
Add to that the two career choices as enumerated by pop culture for blacks: rapper or athlete.

I was going to say something like that. There is the "achievement gap" that starts in elementary school. First, the teachers are mostly white, and they are subject to being called racist if they try to maintain order in the classroom. From the point at which teachers cannot compel behavior, education suffers. White kids usually don't accuse their teachers of being racist, so they end up more likely to have high school diplomas and basic literacy skills. It may be the fault of the schools for being scared of being called racist, but there are really only a few things that are considered evil by liberals, and they include racism and hypocrisy. Since most teachers are liberal, it would stand to reason that they wouldn't want to be labeled as racist amongst their immediate peers.

226 posted on 05/19/2010 4:27:11 PM PDT by webheart (I am a Sarah fan.)
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To: reaganrevolutionin2010

Obama and the progressives want black babies aborted. How can they get ahead?

It is kind of a interesting dynamic. Jews being less than 3% of the population and thought to have a lot of the wealth. Blacks being 13% and some not able to overcome poverty. Whites are 75% of the population. They would have the majority of the wealth simply because of the numbers.

Racial discrimination bahhh!! Affirmative action babies all over our political arena right now and they brag about it. What about Oprah? What about Clarence Thomas? No one could be poorer than Thomas was as a child. Obama says he was poor and his worth may be up to 23 million after Ayers writes his next book for him.

I am all for a hand up when people are poor and want to get ahead. But I think for some they just want to be taken care of forever. And they keep waiting for dems to hand it over. But it is not just blacks. Look at ACORN thugs.

We are all going to poor if Obama gets two terms. I am really sick of all these people calling US racists. Probably a closet radical muslim wrote the article.


227 posted on 05/19/2010 4:29:02 PM PDT by OafOfOffice (W.C:Socialism:Philosophy of failure,creed of ignorance,gospel of envy,the equal sharing of misery)
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To: DuncanWaring

Post of the day!


228 posted on 05/19/2010 4:34:42 PM PDT by BenKenobi (I want to hear more about Sam! Samwise the stouthearted!)
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To: edcoil
This is from England where the different in wealth in classes is ten times more then the USA.

Do they have african-americans in England? I wonder what they call black people there?

229 posted on 05/19/2010 4:38:37 PM PDT by 3boysdad (It's time to get busy living or get busy dying.)
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To: fightinJAG

Q.: Wouldn’t $3 get you 10 miles out of town???

Did he look for change in the sofa?


230 posted on 05/19/2010 4:56:27 PM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: BenKenobi

Party of Slavery - 200 years ago, they used people of African ancestry to transform cotton seeds into cotton bales on Southern plantations; now they use people of African ancestry to transform (other people’s) money into votes in the Urban plantations.


231 posted on 05/19/2010 5:01:39 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: reaganrevolutionin2010

>> A typical white family is now five times richer than its African-American counterpart of the same class.

That is a contradiction.

Oh wait, perhaps it’s not about economic class, but about a class delineation the Founders fought against.


232 posted on 05/19/2010 5:02:52 PM PDT by Gene Eric (Your Hope has been redistributed. Here's your Change.)
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To: MNJohnnie
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”..... and told "we'z" r entitledz to free thingz cauze we'z been held donz for too longz
233 posted on 05/19/2010 5:04:07 PM PDT by is_is (VP Dad of Sgt. G - My Hero - "Sleep Well America......Your Marines have your Back")
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To: 3boysdad

Nigerians. Brits however are generally call “blacks”.


234 posted on 05/19/2010 5:29:42 PM PDT by edcoil (RAGE AGAINST THE MACHINE.)
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To: reaganrevolutionin2010

I assume that professional sports, federal, state, and miunicipal government employees, and government-funded non-profits were excluded from this anaysis...


235 posted on 05/19/2010 5:56:04 PM PDT by SuperLuminal (Where is another agitator for republicanism like Sam Adams when we need him?)
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To: Brown Deer
[ 105% of black voters voted for ZERO... ]

How many half-Black voters voted for Barry Half-White.?..

236 posted on 05/19/2010 6:46:35 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole....)
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To: DontTreadOnMe2009

Change in the sofa is for cigarettes only.

Yeah, I also could not figure out why he was so focused on needing $30 and the reporterette certainly did not challenge him on any of it. The purpose of the story, of course, was to show how po he was and how bad it hurt to be po and how when you are po and can’t get government help, you die.


237 posted on 05/19/2010 6:48:30 PM PDT by fightinJAG (Get a paper route, Billy - Len Britton, running v. Leaky Leahy http://tinyurl.com/3a5ac8o)
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To: reaganrevolutionin2010

Kind of depends on what counts as a “family asset.”


238 posted on 05/19/2010 9:29:35 PM PDT by smokingfrog ( - Free Men will always be armed with the Truth. -)
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To: reaganrevolutionin2010
Why are recent black immigrants so successful? If we are so racist against the black man, why do educated immigrants from Nigeria, South Africa, Cameroon, Somalia, Ethiopia, etc. do so well? Because they work their asses off.

Why are there so many successful small businesses run by Koreans, Vietnamese, Chinese Middle Easterners and people from India? Because they work their asses off.

Too many homegrown black people continue to play the victim and won't study, learn, become educated and work hard. Those who do become as successful as anybody else.

Ask this man why so many black people are broke. He knows.


239 posted on 05/19/2010 9:54:14 PM PDT by Freedom_Is_Not_Free (Liberal are like termites eating away our cultural foundations.)
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To: reaganrevolutionin2010

Q: “Why are whites five times richer than blacks in the US?”

A: Blacks are five times more likely to vote for the democrat party.


240 posted on 05/19/2010 10:33:53 PM PDT by FormerACLUmember ("Subtlety is not going to win this fight": NJ Governor Chris Christie)
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