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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: reaganrevolutionin2010

First of all, the report came from Brandeis - one of the great lefty universities in America. I’m certain their samples were skewed.

Second of all, if black folk really did have that much less than white folk, it’s because they signed a pact with the Devil - better known as “the Great Society.”

Third of all, there is an extraordinary correlation between the state of black families from the time that God left public schools(early 1960s), and 1965, the onset of The Great Society.


61 posted on 05/19/2010 11:03:38 AM PDT by RexBeach
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To: stuartcr

Which they got by not becoming single parents, staying in school and working for them


62 posted on 05/19/2010 11:03:56 AM PDT by MNJohnnie (The problem with Socialism is eventually you run our of other peoples money. Lady Thatcher)
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To: rightwingintelligentsia; reaganrevolutionin2010; PGR88; Travis McGee; Amberdawn
The article doesn’t even mention the high incidence of single-parent families in the AA community as one of the possible factors.

There is no more certain way into poverty than pregnancy before marriage.

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

Exactly. Welfare is like heroin. Try it and you're hooked for life. The overwhelming majority of the problems in the African-American community are caused by the African-American community: drug addiction, drug dealing, burglary, armed robbery, prostitution ang gang activity.

DON’T believe anything you read in the Guardian.

It's more left-wing than the New York Times. It still has a story with an active link that claims Bush's grandfather, Prescott Bush, financed the Nazi Party before World War II. Most of this trash comes from Lyndon LaRouche and his propaganda minister, Webster Tarpley.

Don't Believe Everything You Read, Part I

Of course, it's been debunked. But The Guardian still has the story posted.

Don't Believe Everything You Read, Part II

63 posted on 05/19/2010 11:04:12 AM PDT by Philo1962 (Iraq is terrorist flypaper. They go there to die.)
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To: reaganrevolutionin2010

Why? Isn’t racism obvious reason?


64 posted on 05/19/2010 11:04:39 AM PDT by MNDude (Simba is an African Lion)
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To: ntnychik
We also contribute to two scholarship funds for minority children

Why? Bill Gates already does that, no whites need bother to apply, how about some scholarships without racial restrictions?

65 posted on 05/19/2010 11:05:14 AM PDT by GeronL (Political Correctness Kills)
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To: stuartcr

Well, sports jobs pay good.

I don’t know much about this ‘study or survey’ but I also think we need to look at some other factors except MONEY.

I wonder about the middle class blacks I know who are in the same boat as me right now. Are we rich? Are we happy with the economy or the job market? will we be happy with ‘equalization’ of our money?

Guess libs put this together. The old adage is true “you can make the data say anything.” Or as in the case of global warming, say it without any real science behind it.


66 posted on 05/19/2010 11:05:20 AM PDT by K-oneTexas (I'm not a judge and there ain't enough of me to be a jury. (Zell Miller, A National Party No More))
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To: reaganrevolutionin2010

Location, location, location.

Most blacks live in areas with lower real estate values. The average person has most of their wealth locked up in equity in their house.


67 posted on 05/19/2010 11:05:35 AM PDT by dangerdoc
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To: reaganrevolutionin2010
It's really not that complicated. The black community has bought into the democrat/socialist programs, policies and lies and are paying the price for continuing to be scammed.

"Conservative Republicans - getting people get off the Democrat plantation for 149 years."

68 posted on 05/19/2010 11:05:55 AM PDT by Perseverando
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To: reaganrevolutionin2010
because of racial discrimination and economic policies that favour the affluent.

Excuse me while I barf.

69 posted on 05/19/2010 11:06:38 AM PDT by RockinRight (I can see November from here!)
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To: reaganrevolutionin2010

The answer is simple. The Democrat Party.


70 posted on 05/19/2010 11:06:39 AM PDT by Republic of Texas (Socialism Always Fails)
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To: highimpact
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.

This +1000

71 posted on 05/19/2010 11:06:49 AM PDT by StrictTime (I used to be disgusted, now I try to be amused.)
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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”.

Bingo! It is very unfortunate, but too often their own culture programs them for failure.

72 posted on 05/19/2010 11:06:59 AM PDT by Niteranger68 (Boycott PA 12!)
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To: edcoil

Is that still true? I know it used to be.


73 posted on 05/19/2010 11:07:20 AM PDT by RockinRight (I can see November from here!)
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To: reaganrevolutionin2010
...why are whites five times richer than blacks in the US?

Could it be because there are five times more whites in the USA?

74 posted on 05/19/2010 11:08:10 AM PDT by higgmeister ( In the Shadow of The Big Chicken!)
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To: goodnesswins
...they VOTE FOR THE PLANTATION OWNERS who wants to keep them enslaved!

Democrats - Party of Slavery for 200 years.

75 posted on 05/19/2010 11:08:21 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: sodpoodle

I’d bet that if you compare white two-parent families with black two-parent familes, the numbers would be much more similar.


76 posted on 05/19/2010 11:08:32 AM PDT by RockinRight (I can see November from here!)
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To: reaganrevolutionin2010

This is not due to race. It is because of the fact that a much higher percentage of black families than white families are locked in a cycle of generational transfer of welfare dependency.

When momma, grandma, and greatgrandma all did nothing with their lives but take welfare, kids view that as an acceptable path, too.


77 posted on 05/19/2010 11:08:48 AM PDT by fightinJAG (Get a paper route, Billy - Len Britton, running v. Leaky Leahy http://tinyurl.com/3a5ac8o)
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To: reaganrevolutionin2010

Hmmm... Why... I’m going out on a limb here, but I think it might have something to do with having a job.


78 posted on 05/19/2010 11:09:01 AM PDT by MayflowerMadam (Every time a liberal whines, an angel gets his wings.)
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To: reaganrevolutionin2010

Since we’re all so racist, I suppose the numbers for Asians are bad too... right?!


79 posted on 05/19/2010 11:09:07 AM PDT by Cementjungle
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To: reaganrevolutionin2010

I don’t give a hoot about any of this.

Some folks work for what they have, the others can eat from dumpsters for all I care.


80 posted on 05/19/2010 11:09:17 AM PDT by Gator113 (I do not want Obama just IMPEACHED... I want him IMPRISONED. Are we there yet? 2010-2012)
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