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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: RipSawyer
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 . . . because of racial discrimination
“Racial discrimination hasn’t increased in the past generation.”
You couldn’t be more wrong, there is FAR more racial discrimination in hiring, white males are the last to be considered for many jobs, especially government jobs, there is blatant discrimination against whites in university admisssions. Most absurdly we have a president who obviously would not be in office if he were a blue eyed blond but identical in all other respects.
Thanks for the correction . . . which certainly makes our case!

241 posted on 05/20/2010 1:05:16 AM PDT by conservatism_IS_compassion ( DRAFT PALIN)
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To: fightinJAG

Yes, the usual very very poorly written MSM story

with lots of propaganda built in.

Po’ guy ...


242 posted on 05/20/2010 2:44:41 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: reaganrevolutionin2010
Reasons:
1. They were discriminated against
2. Like all groups (including "majorities") they tend to congregate
3. Now they have discrimination within these "ghettoes" for those who do not follow the norm i.e. those who study are labelled "acting white"
4. Because the majority in the 70s and 80s were not qualified, employees began following "rational racism" where they thought "ok, so 99 of these ppl's resumes are not worth looking at, there's no point at looking at the 100th"
5. Due to 4, (not really racist at all, just logical employers), most blacks would have wondered what's the point (negative enforcement)
6. This goes into a vicious cycle.
7. Finally, let's be honest, there are exceptionally smart black folks and exceptionally dumb ones too -- it's just that there are statistically a larger % of smart East Asians, Jews, South Asians, Armenians, upper-class Britons etc. (keeping in mind this is for the UK, there are a number of really dumb Brits there, but they're mostly lower class)
243 posted on 05/20/2010 5:26:36 AM PDT by Cronos (Origen(200AD)"The Church received from theApostles the tradition of giving Baptism even to infants")
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To: rightwingintelligentsia

you are VERY Right, and that’s a point I forgot. I think that plays a major factor.


244 posted on 05/20/2010 5:27:25 AM PDT by Cronos (Origen(200AD)"The Church received from theApostles the tradition of giving Baptism even to infants")
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To: Cronos
A $95,000 question: why are whites five times richer than blacks in the US?

They haven't been enslaved by the Democrat Party for about 190 years.
245 posted on 05/20/2010 5:31:06 AM PDT by aruanan
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To: SmokingJoe

And, upper-class whites have been richer for centuries!


246 posted on 05/20/2010 5:34:52 AM PDT by Cronos (Origen(200AD)"The Church received from theApostles the tradition of giving Baptism even to infants")
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To: reaganrevolutionin2010
Could it be because they are raised hearing “whitey gonna keep you down, he not gonna let you be anything”? I have heard this from a black friend, now deceased.

Then if a kid is good in school he is accused of “acting white” by his peers. That is a bad combination of directives.

247 posted on 05/20/2010 5:57:49 AM PDT by Ditter
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To: RockinRight
As far as Appalachia, part of the problem is that even if they do get an education, there’s nowhere to USE that education unless they move far from home. Kind of a vicious circle.

And that's the same issue facing blacks living in ghettos
248 posted on 05/20/2010 5:59:53 AM PDT by Cronos (Origen(200AD)"The Church received from theApostles the tradition of giving Baptism even to infants")
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To: RockinRight

no, look at Africa. The society there is mainly what Europe was in the 11th century — BIG MEN (i.e. chiefs). Black Africans in Africa are predisposed to dictatorship. In other countries it varies.


249 posted on 05/20/2010 6:01:37 AM PDT by Cronos (Origen(200AD)"The Church received from theApostles the tradition of giving Baptism even to infants")
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To: reaganrevolutionin2010

economic policies that favor the affluent?

How about economic policies that (used to) favor the working?


250 posted on 05/20/2010 6:02:00 AM PDT by Mom MD (Jesus is the Light of the world!)
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To: Cronos

True, but moving from inner-city DC to Reston, VA (for a better job) isn’t the same as having to leave an entire state like West Virginia.


251 posted on 05/20/2010 6:30:42 AM PDT by RockinRight (I can see November from here!)
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To: Cronos

Yes, but most of those dictators have a Communist streak.


252 posted on 05/20/2010 6:31:16 AM PDT by RockinRight (I can see November from here!)
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To: agere_contra
And the reason is illuminating: the toxic loser-culture that pervades the ‘African-American’ experience is much less of a factor in Britain: our Jamaican, Sierra-Leonian and other African-extraction citizens do not have such colossal chips on their shoulders

Because Jamaicans etc. have a strong culture of their own, a positive one. And the Caribbean immigrants to the US also do not have the same issues African-Americnas have.
253 posted on 05/20/2010 6:38:21 AM PDT by Cronos (Origen(200AD)"The Church received from theApostles the tradition of giving Baptism even to infants")
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To: truthguy; agere_contra

Enoch Powell was wrong. There are many immigrants in the UK who merge well. Most of these (who assimilate) tend to be non-Muzzies.....


254 posted on 05/20/2010 6:42:11 AM PDT by Cronos (Origen(200AD)"The Church received from theApostles the tradition of giving Baptism even to infants")
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To: agere_contra
at least we've got 1/4 million Poles. They are terrific people.

yes they are.
255 posted on 05/20/2010 6:43:10 AM PDT by Cronos (Origen(200AD)"The Church received from theApostles the tradition of giving Baptism even to infants")
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To: webheart

I’ve been accused of being racist many times by parents - I simply say, “My wife is not white, my brother in law is black.”

They shut up reaaaaal quick.


256 posted on 05/20/2010 6:49:08 AM PDT by struggle ((The struggle continues))
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To: SmokingJoe
As far as I can recall, I have never seen any black guy head any of Britain's top companies before, not the FT 100 companies.

The head of Prudential is African.
257 posted on 05/20/2010 6:49:13 AM PDT by Cronos (Origen(200AD)"The Church received from theApostles the tradition of giving Baptism even to infants")
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To: SmokingJoe
As far as I can recall, I have never seen any black guy head any of Britain's top companies before, not the FT 100 companies.

The head of Prudential is African from Cote D'Ivoire
258 posted on 05/20/2010 6:49:27 AM PDT by Cronos (Origen(200AD)"The Church received from theApostles the tradition of giving Baptism even to infants")
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To: Lonesome in Massachussets

“It is well documented that within the same income stratum whites SAVE MUCH MORE THAN BLACKS. All other things being equal, a black man making $75,000/year will save less than the white guy in the same cube making the same salary.” —> you have a link for that? I’m not questioning you, I’d just like to read those stats for myself — there’s always something new to learn.


259 posted on 05/20/2010 6:58:00 AM PDT by Cronos (Origen(200AD)"The Church received from theApostles the tradition of giving Baptism even to infants")
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To: reaganrevolutionin2010

Was $95,000.00 the amount of the government grant they got to cherry-pick and cook the statistics to come up with this report?


260 posted on 05/20/2010 7:02:01 AM PDT by tacticalogic ("Oh bother!" said Pooh, as he chambered his last round.)
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