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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.


21 posted on 05/19/2010 10:52:36 AM PDT by reaganrevolutionin2010
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To: reaganrevolutionin2010

Democrats !


22 posted on 05/19/2010 10:52:40 AM PDT by Tigen (I shall raise you one .)
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To: reaganrevolutionin2010
A huge wealth ambition gap has opened up...
23 posted on 05/19/2010 10:53:20 AM PDT by dfwgator
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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.)
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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)
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To: reaganrevolutionin2010

26 posted on 05/19/2010 10:54:01 AM PDT by I see my hands (_8(|)
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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?

27 posted on 05/19/2010 10:54:22 AM PDT by agere_contra
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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.)
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To: reaganrevolutionin2010

Answer: The Democrats!!


29 posted on 05/19/2010 10:55:06 AM PDT by Osage Orange (Si vis pacem, para bellum)
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To: reaganrevolutionin2010

Education.


30 posted on 05/19/2010 10:55:08 AM PDT by kabar
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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!)
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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)
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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.)
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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
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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.)
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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
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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)
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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...)
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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.)
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To: reaganrevolutionin2010

Better paying jobs?


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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