- Mar 11, 2015
- 100,766
- 107,835
- 3,645
That's right. This is .a capitalist system and it appears that equality is tie into the amount if weath a group has.
Blacks are 13 percent of the American people but have 4 percent of the wealth.This did not happen because of laziness. In discussion with some whites about this, you get told about Oprah, Tiger Woods, Michael Jordan, or Floyd Mayweather. At the time of this writing, out of nearly 20 million black families, less than 400,000 have a net worth of 1 million dollars. There are only ten black billionaires in America. Their collective worth is just over 31 billion dollars. Contrast that to Elon Musk who is worth over 200 billion dollars by himself. This did not happen because blacks are not interested or have not tried.
Since 1990 racism has cost this country 51 trillion dollars. Our national debt is 35 trillon. Annually our government runs a deficit. The solution according to the right is to cut spending especially for programs that help people in need. But that's not the solution.
www.nytimes.com
Blacks are 13 percent of the American people but have 4 percent of the wealth.This did not happen because of laziness. In discussion with some whites about this, you get told about Oprah, Tiger Woods, Michael Jordan, or Floyd Mayweather. At the time of this writing, out of nearly 20 million black families, less than 400,000 have a net worth of 1 million dollars. There are only ten black billionaires in America. Their collective worth is just over 31 billion dollars. Contrast that to Elon Musk who is worth over 200 billion dollars by himself. This did not happen because blacks are not interested or have not tried.
Since 1990 racism has cost this country 51 trillion dollars. Our national debt is 35 trillon. Annually our government runs a deficit. The solution according to the right is to cut spending especially for programs that help people in need. But that's not the solution.

Racism Impoverishes the Whole Economy (Published 2020)
While the targets unquestionably suffer the most, denying people equal opportunities diminishes the finances of millions of Americans.