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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: MNJohnnie

Go to South Central Los Angeles and you’ll get the answer. Welfare is rampant.


41 posted on 05/19/2010 10:58:18 AM PDT by RC2
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To: PeterPrinciple

“Because we choose not to be enslaved by the government.”

####

Bullseye. Emphasis on CHOOSE.

While their is SOME truth in blaming the Great Society disaster for the current sad state of affairs in the black family, it all starts with free choice, a decision consciously made.


42 posted on 05/19/2010 10:58:56 AM PDT by EyeGuy
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To: reaganrevolutionin2010

Because a white kid is 5 times more likely to live with both (married) parents.


43 posted on 05/19/2010 10:59:29 AM PDT by r9etb
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To: MNJohnnie

bingo


44 posted on 05/19/2010 10:59:30 AM PDT by Charlespg
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To: reaganrevolutionin2010

It is a spiritual malady — and resentment is the cause.

I know it is a generalization, but my +60 years experience shows that most black children are taught to resent the Caucasian race. That’s racism, and it never gets better — it only gets worse.


45 posted on 05/19/2010 10:59:37 AM PDT by i_dont_chat
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To: stuartcr

2 parent families, actually graduate HS and go on to higher education, lower % per capita of teenage mothers etc etc etc etc


46 posted on 05/19/2010 10:59:51 AM PDT by MNJohnnie (The problem with Socialism is eventually you run our of other peoples money. Lady Thatcher)
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To: GeronL
Oh yes, we are more racist than the days of Democrat Jim Crow and Democrat Segregation. uh huh

Someone called me a racist the other day over my stance on the new AZ law. I calmly replied, "I don't have to take that kind of an insult from someone who has sex with goats." That put an end to his name calling.

47 posted on 05/19/2010 10:59:55 AM PDT by camerongood210
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To: reaganrevolutionin2010

WHY? Because Black neighborhoods VOTE DEMOCRAT 95+% of the time....in other words...they VOTE FOR THE PLANTATION OWNERS who wants to keep them enslaved!


48 posted on 05/19/2010 11:00:14 AM PDT by goodnesswins (Destroy AMERICA.....Vote DEMOCRAT)
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To: reaganrevolutionin2010
Because sadly, the culture of Black Americans is one that minimizes the importance of education and self-reliance. If the people around you are continually telling you, through word, or action, that you don't need to constantly improve yourself through education, school or otherwise, and that you can do for yourself better, and more quickly, than government can do it, you will be stuck in a rut, resentful, for your entire life.

It would be interesting to see the statistics about white people broken down, to see the results of various economic levels within the larger group.

49 posted on 05/19/2010 11:00:22 AM PDT by SuziQ
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To: camerongood210

lol!


50 posted on 05/19/2010 11:00:41 AM PDT by GeronL (Political Correctness Kills)
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To: MNJohnnie

That and better paying jobs.


51 posted on 05/19/2010 11:00:51 AM PDT by stuartcr (Everything happens as God wants it to...otherwise, things would be different)
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To: 2ndDivisionVet

Yup! The only answer is redistribution of the wealth of the affluent.

Of course, within a very short period of time there will be anarchy and violence, because the redistributees will run out of their new-found affluence and there just won’t be anything left to redistribute.


52 posted on 05/19/2010 11:01:05 AM PDT by downtownconservative
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To: reaganrevolutionin2010

Short Answer: Welfare.

End welfare [and the ‘entitlement’ indoctrination] and the problem will correct itself.


53 posted on 05/19/2010 11:01:44 AM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: reaganrevolutionin2010
A $95,000 question: why are whites five times richer than blacks in the US?

It appears to be because whites have 5 times as much money .

54 posted on 05/19/2010 11:01:53 AM PDT by kbennkc (For those who have fought for it , freedom has a flavor the protected will never know F Trp 8th Cav)
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To: reaganrevolutionin2010
Because they don't get married.
[Children born IN wedlock: 25% (vs. 80% in 1960)]

Because they kill their offspring.
[Black and Hispanic women have higher abortion rates than non-Hispanic white women. Black women’s abortion rates are 49 per 1,000, Hispanic women’s are 33 per 1,000 and non-Hispanic white women’s are 13 per 1,000.]

55 posted on 05/19/2010 11:02:09 AM PDT by ecomcon
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To: SmokingJoe
Why are whites five times richer than blacks in the UK?

That's not remotely true. I wouldn't have a problem if it were true, but it just isn't.

56 posted on 05/19/2010 11:02:17 AM PDT by agere_contra
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To: reaganrevolutionin2010

The best answer to the Guardian is any speech made by Bill Cosby. Bill grew up poor in Philadelphia, but no he looks around and finds total destruction. His values have been discarded by the black community.


57 posted on 05/19/2010 11:02:26 AM PDT by RobbyS (Pray with the suffering souls.)
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To: reaganrevolutionin2010

58 posted on 05/19/2010 11:02:59 AM PDT by frithguild (I gave to Joe Wilson the day after, to Scott Brown seven days before and next to JD Hayworth.)
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To: reaganrevolutionin2010

Zimbabwe vs. Germany, you decide.


59 posted on 05/19/2010 11:03:09 AM PDT by wac3rd (Prepare for the November 2010 Tsunami)
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To: RFEngineer

What about gold teeth?


60 posted on 05/19/2010 11:03:38 AM PDT by MissEdie (America went to the polls on 11-4-08 and all we got was a socialist thug and a dottering old fool.)
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