- Mar 11, 2015
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Of course it didn't exclude whites! Newflash, IM2...there are just as many poor whites as there are poor blacks! The welfare State hurts them just as much as it does blacks! It's failed policy and skin pigmentation has nothing to do with the failure yet you think that handing out more free money is going to fix things? You're delusional!Interesting concept! Here's a question for you in return though, IM2! Since the inception of LBJ's Great Society and the War on Poverty the United States has spent 22 Trillion dollars on anti poverty programs of which I think even a racist like yourself would admit the black community has received a lion's share? So how has that benefitted the black community? Other than the total breakdown of the black family? The lack of self reliance and intergenerational dependence on welfare?Part of the gaslighting involves the issue of reparations. It's time whites stopped lying to themselves about the wealth they are living on, how it was created and the fact you live on compound interest accumulated by racist economic policies. Money made off my ancestors is what you are living on today.
APRIL 15, 2020
Why we need reparations for Black Americans
Rashawn Ray and Andre M. Perry
Today, the average white family has roughly 10 times the amount of wealth as the average Black family. White college graduates have over seven times more wealth than Black college graduates. Making the American Dream an equitable reality demands the same U.S. government that denied wealth to Blacks restore that deferred wealth through reparations to their descendants in the form of individual cash payments in the amount that will close the Black-white racial wealth divide. Additionally, reparations should come in the form of wealth-building opportunities that address racial disparities in education, housing, and business ownership.
In 1860, over $3 billion was the value assigned to the physical bodies of enslaved Black Americans to be used as free labor and production. This was more money than was invested in factories and railroads combined. In 1861, the value placed on cotton produced by enslaved Blacks was $250 million. Slavery enriched white slave owners and their descendants, and it fueled the country’s economy while suppressing wealth building for the enslaved. The United States has yet to compensate descendants of enslaved Black Americans for their labor. Nor has the federal government atoned for the lost equity from anti-Black housing, transportation, and business policy. Slavery, Jim Crow segregation, anti-Black practices like redlining, and other discriminatory public policies in criminal justice and education have robbed Black Americans of the opportunities to build wealth (defined as assets minus debt) afforded to their white peers.
Bootstrapping isn’t going to erase racial wealth divides. As economists William “Sandy” Darity and Darrick Hamilton point out in their 2018 report, What We Get Wrong About Closing the Wealth Gap, “Blacks cannot close the racial wealth gap by changing their individual behavior –i.e. by assuming more ‘personal responsibility’ or acquiring the portfolio management insights associated with ‘[financial] literacy.’” In fact, white high school dropouts have more wealth than Black college graduates. Moreover, the racial wealth gap did not result from a lack of labor. Rather, it came from a lack of financial capital.
Reparations—a system of redress for egregious injustices—are not foreign to the United States. Native Americans have received land and billions of dollars for various benefits and programs for being forcibly exiled from their native lands. For Japanese Americans, $1.5 billion was paid to those who were interned during World War II. Additionally, the United States, via the Marshall Plan, helped to ensure that Jews received reparations for the Holocaust, including making various investments over time. In 1952, West Germany agreed to pay 3.45 billion Deutsche Marks to Holocaust survivors.
Black Americans are the only group that has not received reparations for state-sanctioned racial discrimination, while slavery afforded some white families the ability to accrue tremendous wealth. And, we must note that American slavery was particularly brutal. About 15 percent of the enslaved shipped from Western Africa died during transport. The enslaved were regularly beaten and lynched for frivolous infractions. Slavery also disrupted families as one in three marriages were split up and one in five children were separated from their parents. The case for reparations can be made on economic, social, and moral grounds. The United States had multiple opportunities to atone for slavery—each a missed chance to make the American Dream a reality—but has yet to undertake significant action.
A quote from Dr. Kings “I Have a Dream speech. "
Given the lingering legacy of slavery on the racial wealth gap, the monetary value we know that was placed on enslaved Blacks, the fact that other groups have received reparations, and the fact that Blacks were originally awarded reparations only to have them rescinded provide overwhelming evidence that it is time to pay reparations to the descendants of enslaved Blacks.We have come to our nation’s capital to cash a check. When the architects of our republic wrote the magnificent words of the Constitution and the Declaration of Independence, they were signing a promissory note to which every American was to fall heir. … It is obvious today that America has defaulted on this promissory note insofar as her citizens of color are concerned. Instead of honoring this sacred obligation, America has given the Negro people a bad check, a check which has come back marked “insufficient funds.” But we refuse to believe that the bank of justice is bankrupt.
Why we need reparations for Black Americans | Brookings
Rashawn Ray and Andre Perry outline the history of reparations in the United States, missed opportunities to redress the racial wealth gap, and specific details for a viable reparations package for Black Americans.www.brookings.edu
The proof is rather stark that the War on Poverty's welfare system has been a colossal failure and the worst thing that could have happened to the black community but you'd have us ignore all that and institute an even larger "free money" handout to that same community?
This myth of 22 trillion on blacks is untrue. Again as a white racist you have held on to a bullshit meme started by Daniel Monyihan. During those mythical days when the black family was supposedly intact, blacks had a 55 percent poverty rate, a 25 percent high school graduation rate and very few people going to college. Things are far better than that now. Furthermore the majority of that mythical 22 trillion went to whites.
The reality here racist, is that whites have been the beneficiaries of a myriad of government programs since the nation started and even more specifically the last century that have amounted to far more than 22 trillion at the exclusion of blacks whereby the War on Poverty did not exclude whites.
Newsflash, poor whites did not suffer from government created segregation or were excluded from programs that allowed whites economic opportunities. 1 out of every 10 whites are poor, 1 out of ever 4 blacks are. There is no welfare state. Whites were not making such claims for most of the 20th century while they were beneficiaries of every government program created. But suddenly when others had the same chances, it became bad and then we have a welfare state that serves as a nanny for all those non whites who are being paid for by hard working "Americans."
Yet blacks had been overtaxed for years and paid for programs that allowed whites to gain upward mobility. So you are the delusional one when we take an accurate look at history. Free money has never been handed to anyone but whites. Mostly rich whites.