A $95,000 question: why are whites five times richer than blacks in the US?

The Guardian (UK) ^ | 5/17/10 | Chris McGreal

[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.

[reaganrevolutionin2010]

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

[Tigen]

Democrats !

[dfwgator]

A huge wealth ambition gap has opened up...

[Bringbackthedraft]

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.

[Kozak]

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

[I see my hands]

[agere_contra]

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?

[tet68]

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

[Osage Orange]

Answer: The Democrats!!

[kabar]

Education.

[2ndDivisionVet]

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?

[BitWielder1]

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.

[Bringbackthedraft]

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

[ntnychik]

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.

[PeterPrinciple]

Because we choose not to be enslaved by the government.

[MBB1984]

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.

[griswold3]

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.

[TXnMA]

Laziness.

Entitlement mentality.

Any further questions?

[Danae]

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

[stuartcr]

Better paying jobs?