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 ...
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.
Which they got by not becoming single parents, staying in school and working for them
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.
Why? Isn’t racism obvious reason?
Why? Bill Gates already does that, no whites need bother to apply, how about some scholarships without racial restrictions?
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.
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.
"Conservative Republicans - getting people get off the Democrat plantation for 149 years."
Excuse me while I barf.
The answer is simple. The Democrat Party.
Fixed it.
This +1000
Bingo! It is very unfortunate, but too often their own culture programs them for failure.
Is that still true? I know it used to be.
Could it be because there are five times more whites in the USA?
Democrats - Party of Slavery for 200 years.
I’d bet that if you compare white two-parent families with black two-parent familes, the numbers would be much more similar.
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.
Hmmm... Why... I’m going out on a limb here, but I think it might have something to do with having a job.
Since we’re all so racist, I suppose the numbers for Asians are bad too... right?!
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.
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