The racial wealth gap explained

[Crepitus]

I've tried many times to get this across to a certain segment of the board with very limited success. Please watch the short video and tell me if you see the problem or if you think it's wrong.

If you think it's incorrect explain why.

 

[Toddsterpatriot]

I've tried many times to get this across to a certain segment of the board with very limited success. Please watch the short video and tell me if you see the problem or if you think it's wrong.

If you think it's incorrect explain why.

How much did the average white person inherit in the 19th century? In the 20th century?

 

[Maxdeath]

I've tried many times to get this across to a certain segment of the board with very limited success. Please watch the short video and tell me if you see the problem or if you think it's wrong.

If you think it's incorrect explain why.

An awful lot of assumptions and generalizations in that video. But hey every white person is the same. Every black person is the same. Right?
I guess I am supposed to have millions some how because I am white. Yet I do not because my family came over from Ireland during the potato famine. The youngest son was a cop in Chicago because it was the only job he could get that was not backbreaking labor. Because he was Irish. Fast forward to me. My family had to hunt, fish and can or we did not eat. Everything I have was because I worked for it. Wonder where my millions are?

 

[1srelluc]

Whoo! Glad I'm white....With privileges!

There's no accounting for stupid though.....In my AO a black guy and his sister inherited 1400 acres of land and two orchards that we hunted on. They let the orchards grow wild.

Back in the early 80s we offered them a million dollars for the place (well above it's worth at the time) with lifetime living privileges which they turned down....Fast forward a couple years and they both die within months of each other.

Their even dumber relatives inherit the property and sell it to a developer for around 200K. One relative sued the other and I bet by the time the lawyers got done with them they did not realize half that.

 

[Polishprince]

My great great grandparents were broke in Poland in 1865, mostly sitting around eating kielbasi, drinking vodka and passing gas. Their descendents inherited nothing.

BTW, the Polish people freed the black man back in 1347 under the rule of Casimir the Great.

 

[Mac-7]

I've tried many times to get this across to a certain segment of the board with very limited success. Please watch the short video and tell me if you see the problem or if you think it's wrong.

If you think it's incorrect explain why.

What benefits whites is white culture

Whites study harder and do better in school

There is s lower rate of bastard children among whites

And less drug abuse

Those are all key factors for success or lack thereof

 

[Mac-7]

Footnote

While nany blacks are adopting white culture and moving up on society far too many whites are falling into the black culture mode and going down

 

[Winston]

In 1748, "Hunting" John McDowell received a land grant for property known today as "Pleasant Gardens" including acreage originally located from Swan's Pond (Catawba County) up the Catawba River west to present day Marion and into the region known as Buck Creek. During a hunting expedition with his friend Henry Weidner, the two came upon a lush green valley with thousands upon thousands of acres of virgin forest. During that time, it was customary when settling a dispute to engage in a "friendly" wrestling match. McDowell came out the winner.



Funny, was talking to Sis just yesterday about that wrestling match. We are direct descendants of Henry Weidner. The last thing Dad did, before he died, was to sell what remained of that land grant still held in the family. And of course, he got the step up when Grandmother died. Hundreds of acres, not a dime in capital gains taxes ever paid, for almost three hundred years.

 

[1srelluc]

Given the FUBAR "black culture" is it any wonder they fail?

Kudos to the ones smart enough to get off the dem plantation.....I'll tell you though, the overseers are not happy about it, no sir.

Instead of taking them back in chains and whipping them they call them "race traitors" and ostracize them now.

 

[Winston]

How much did the average white person inherit in the 19th century? In the 20th century?

A hell of a lot more than the average black person, that much is for damn sure.

Wealth mobility in the United States: 1860–1870 | Social Science History | Cambridge Core

Wealth mobility in the United States: 1860–1870 - Volume 46 Issue 4

www.cambridge.org

The key takeaway from above, wealth was even more concentrated in the South after the Civil War than before.

 

[Winston]

Whoo! Glad I'm white....With privileges!

There's no accounting for stupid though.....In my AO a black guy and his sister inherited 1400 acres of land and two orchards that we hunted on. They let the orchards grow wild.

Back in the early 80s we offered them a million dollars for the place (well above it's worth at the time) with lifetime living privileges which they turned down....Fast forward a couple years and they both die within months of each other.

Their even dumber relatives inherit the property and sell it to a developer for around 200K. One relative sued the other and I bet by the time the lawyers got done with them they did not realize half that.

The Gullah-Geechee have owned land since the 1800s. One terrible law allows their land to be stolen

Several decades ago, my parents took a timeshare tour on Hilton Head Island in South Carolina. The island was in the early stages of being transformed into a resort ...

www.dailykos.com

 

[1srelluc]

The Gullah-Geechee have owned land since the 1800s. One terrible law allows their land to be stolen

Several decades ago, my parents took a timeshare tour on Hilton Head Island in South Carolina. The island was in the early stages of being transformed into a resort ...

www.dailykos.com

Boom!

People who live on heirs property have no clear title to the land.

 

[Auld Phart]

A hell of a lot more than the average black person, that much is for damn sure.

Wealth mobility in the United States: 1860–1870 | Social Science History | Cambridge Core

Wealth mobility in the United States: 1860–1870 - Volume 46 Issue 4

www.cambridge.org

The key takeaway from above, wealth was even more concentrated in the South after the Civil War than before.

Because of the Klan and carpetbaggers.

 

[Winston]

Boom!

People who live on heirs property have no clear title to the land.

Gullah-Geechee land was passed down to their descendants over generations. Unfortunately, this was done largely without legal documentation. There were several reasons for this, with one large factor being that Black Americans were not afforded access to legal resources. The few who did were not treated fairly by the all-white Southern court system.

Land handed down to a property owner’s children without legal documentation is referred to as “heirs property.” Without a clear title or will, heirs don’t technically hold the land, but do inherit an interest—like owning stock in a company. This ownership system is common in the Gullah-Geechee corridor, but can also be found in other impoverished regions throughout the South, such as on certain Native American tribal lands and in Appalachia.

And this is how it is done,

It isn’t uncommon for a descendant to build a home on their heirs property, live there for their entire lives, and then be completely uprooted by just one out-of-state relative who has no connection to the community. A developer can approach any descendant, no matter how far removed, and compel them to allege a claim on the property, even if that descendant’s share is just 1/100th of a percent. All heirs property is divided into shares; if one individual wants to sell their share, they can legally force the entire property to be sold—and legally displace those heirs living on that property—by asking the judge for their share’s dollar value.

 

[Auld Phart]

I've tried many times to get this across to a certain segment of the board with very limited success. Please watch the short video and tell me if you see the problem or if you think it's wrong.

If you think it's incorrect explain why.

SNL?

 

[Toddsterpatriot]

A hell of a lot more than the average black person, that much is for damn sure.

Wealth mobility in the United States: 1860–1870 | Social Science History | Cambridge Core

Wealth mobility in the United States: 1860–1870 - Volume 46 Issue 4

www.cambridge.org

The key takeaway from above, wealth was even more concentrated in the South after the Civil War than before.

A hell of a lot more than the average black person, that much is for damn sure.

Wow. Thanks for the detailed statistics.

 

[1srelluc]

Gullah-Geechee land was passed down to their descendants over generations. Unfortunately, this was done largely without legal documentation. There were several reasons for this, with one large factor being that Black Americans were not afforded access to legal resources. The few who did were not treated fairly by the all-white Southern court system.

Land handed down to a property owner’s children without legal documentation is referred to as “heirs property.” Without a clear title or will, heirs don’t technically hold the land, but do inherit an interest—like owning stock in a company. This ownership system is common in the Gullah-Geechee corridor, but can also be found in other impoverished regions throughout the South, such as on certain Native American tribal lands and in Appalachia.

And this is how it is done,

It isn’t uncommon for a descendant to build a home on their heirs property, live there for their entire lives, and then be completely uprooted by just one out-of-state relative who has no connection to the community. A developer can approach any descendant, no matter how far removed, and compel them to allege a claim on the property, even if that descendant’s share is just 1/100th of a percent. All heirs property is divided into shares; if one individual wants to sell their share, they can legally force the entire property to be sold—and legally displace those heirs living on that property—by asking the judge for their share’s dollar value.

And? You act like it's something new.

 

[Cassandro]

I've tried many times to get this across to a certain segment of the board with very limited success. Please watch the short video and tell me if you see the problem or if you think it's wrong.

If you think it's incorrect explain why.

Generational wealth does not exist for most Americans. Even small inheritances usually occur later in life and have little effect on the "heirs."

What is your next talking point?

 

[Crepitus]

Generational wealth does not exist for most Americans. Even small inheritances usually occur later in life and have little effect on the "heirs."

What is your next talking point?

Feel free to prove that.

Until you do my point is made.

 

[Toddsterpatriot]

Feel free to prove that.

Until you do my point is made.

You had a point? LOL!