Drastic differences in wealth and income between White and Black families today started with state sponsored racial segregation in the early 20th century (if you don't count hundreds of years of chattel slavery and Jim Crow)
A 'Forgotten History' Of How The U.S. Government Segregated America
"In 1933, faced with a housing shortage, the federal government began a program explicitly designed to increase — and segregate — America's housing stock. Author Richard Rothstein says the housing programs begun under the New Deal were tantamount to a "state-sponsored system of segregation."
RACE
Historian Says Don't 'Sanitize' How Our Government Created Ghettos
"The government's efforts were "primarily designed to provide housing to white, middle-class, lower-middle-class families," he says. African-Americans and other people of color were left out of the new suburban communities — and pushed instead into urban housing projects."
But that doesn't matter today. We know this because in the 1960s to 1970s, they moved blacks into new homes free of charge, and in a matter of years they were ghettos again.
Property values go up and down with crime and drugs.
You put people who engage in crime and drug use, into expensive homes, and in a few years, those homes will be garbage.
This is why wealth redistribution never works. You take a middle class house, give it to a ghetto dweller, and in a few years, it will be a ghetto house.
Was what happened in the 1940s bad? Sure. We know that.
But that doesn't make excuses for today. Most people start off with nothing. Most people don't get money from their parents. Most people have to get a job, and start working for what they want.
So when you see that black people per captia are poor TODAY... and far fewer whites per capita are poor TODAY... the reasons are because white people on average are getting jobs, and earning what they want.
More black people on average are not working, engaging in crime, living off the government.
My parents didn't get a house from their parents. They didn't get a free education either. Both my parents worked every single year they were in college. Both parents worked full time jobs. Both parents worked consistently 60 years. And yes I said 60 years. Not only were they work during the years they were in college, they also got jobs after they retired.
All the wealth my parents have, is because they earned it, invested it, and saved it.
Similarly, the tiny bit of wealth I have, is because I earned it, invested it, and saved it. None of it came from my parents.
Nor my sister, and her husband, who own a house. He worked full time for the past 20 years. That's why he has a house. He doesn't smoke, or drink, or gamble, or engage in crime, and he has never been on government assistance. That's why he has wealth now.
Pointing to something that happened almost 80 years ago, is a waste of time, and simply a toddler looking for someone to point a finger at.
The reason poor people are poor today, is because they made poor choices. It's that simple.
BY THE WAY... do you know why there was a housing shortage? Because the government put in place price controls, to help..... the poor. They attempted to stop the evil rich people from charging whatever the market price was for housing, and the result was.... no housing.
When you try and stop people from making a profit, there is no incentive to create new housing. Why would I invest $100,000 in a house, when I can't rent the house or sell it for a huge profit? So.... I don't build the house. Thus you have a housing shortage.
Just like Cuba, just like Venezuela, just like every anti-profit socialized system ever created.
The anti-black policies they created, were a failed attempt to fix the housing shortage for returning military men that were all coming back from war. And I should mention it didn't work.
The only solution to a problem caused by socialism, is to end the socialism. As soon as they eliminated price controls, house building boomed, and the shortage disappeared.
