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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: rightwingintelligentsia
Yep. The author is a fraidy cat, who tap dances around the real reasons.
To: reaganrevolutionin2010
22
posted on
05/19/2010 10:52:40 AM PDT
by
Tigen
(I shall raise you one .)
To: reaganrevolutionin2010
A huge wealth ambition gap has opened up...
23
posted on
05/19/2010 10:53:20 AM PDT
by
dfwgator
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.)
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)
To: reaganrevolutionin2010
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?
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.)
To: reaganrevolutionin2010
29
posted on
05/19/2010 10:55:06 AM PDT
by
Osage Orange
(Si vis pacem, para bellum)
To: reaganrevolutionin2010
30
posted on
05/19/2010 10:55:08 AM PDT
by
kabar
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!)
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)
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.)
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
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.)
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
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)
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...)
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.)
To: reaganrevolutionin2010
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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