Fuck off get a fucking job you lazy ass bitch. You are owed nothing.Racism has cost Black Americans $70 trillion since the start of slavery — here's how that cost breaks down
The 'Black Tax' starts with slavery
"The wealth gap between Black and white America was first established through 250 years of unpaid labor. While it's hard to quantify the exact cost of slave labor, Rochester said economists have estimated anywhere from $24 to $97 trillion of labor was extracted from enslaved Africans from 1619 to 1865, so he uses an average number of $50 trillion in his calculations. And while Black people built this country with free labor, they haven't been on the receiving end of America's wealth.
"In terms of the proportional amount of the Black population actually owning part of the economy, that doesn't exist. That's just based on the legacy of slavery and colonialism. In the United States, Black people only own about 2% of US wealth."
We are 13 percent of the population as the racists here are so quick to say when they want to talk about inherent black violence and think thats not racist. So if we are 13 percent, we should have 13 percent of the wealth. We do not have that and it is not for any of the reasons stated by right wing members of this forum.
Black Americans were denied access to government-sponsored wealth-building tools
"For centuries, Black Americans have been left out of government programs designed to help citizens build wealth.
In 1863, Black Americans were denied access to the Homestead Act, which promised 160 acres of land to citizens in exchange for a small fee and five years of cultivating the land. Over 70 years, 1.6 million mostly white homesteaders claimed 270 million acres — about 10% of US land — valued at $1.6 trillion.
Many Black Americans were also excluded from the Social Security Act in 1935 — agricultural and domestic workers were left out of the act — resulting in a $143 billion loss to the community. Through a payroll tax, the Social Security Act provided unemployment benefits and financial benefits to retired workers over 65. And the GI Bill in 1944 — which effectively excluded Black veterans — provided funds for college education, housing, and unemployment insurance, and cost Black Americans another $45 billion."
Black enterprise was never allowed to thrive
"Each of these government programs designed to help Americans build wealth was withheld from Black people, causing each generation to fall further behind. But even when Black people have tried to start their own businesses and networks to create wealth, their progress has been blocked or dismantled, often violently.
Rochester said, "Throughout history, we've had massive, intentional disruptions in the growth and development of Black businesses. You've also had massive deprivation of [Black] customers. When you start talking about post-emancipation and entering the early 1900s to the middle 1900s, you have Black people relegated to the lowest-paying occupations in the country, which has nothing to do with skill or capabilities. So now you starve the customers and resources, and it's very difficult for businesses to thrive."
"To get to the $70 trillion estimate, Rochester added the trillions lost during the Jim Crow and Civil Rights eras, noting that from the 1870s to 1960s, Black people were racially and economically segregated and excluded from participating in the American economy as equal citizens."
The 'Black Tax' today
"Today, Rochester says the "Black Tax" is perpetuated by a conscious and unconscious bias against Black people, and it happens in almost every area of life."
"Black people face discrimination getting hired, and face a wage gap when they do get hired. A study found that white applicants are 50% more likely to get a callback for a job based on their name alone. In terms of wages, Black employees with a bachelor's degree earn, on average, $50,108 compared to their white coworkers' $61,176."
Racism has cost Black Americans $70 trillion since the start of slavery — here's how that cost breaks down
Shawn Rochester, author of "The Black Tax," explains how slavery, government-sponsored wealth-building programs, and more, have cost Black Americans.www.businessinsider.com
You guys do not have any logical arguments to offer in opposition. More and more people recognize this once the facts are presented. The day WILL come that reparations will be paid.