Zone1 Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860-2020

[Hector12]

True. And another reason Jews earn more than white gentiles is because Jews, on average, have higher degrees of education.

In his book

Facing Reality: Two Truths about Race in America​

Charles Murray said that most Americans get more education than they have the intelligence to benefit from. He was not thinking about Jews.

 

[Libby von H]

Now it's time to deconstruct this excuse primarily made by right wing whites, although a couple of so called liberals have made the same excuse.

"The dawn of emancipation in the United States saw 4 million former slaves, 90 percent of the Black American population, gain their freedom. But they did so in poverty, as Du Bois describes: A few years prior, they had been counted as wealth, earning and owning nothing in their own name.

After emancipation, proposals to provide former slaves with land so they could survive economically were largely defeated. Thus in 1870, the wealth gap between Black and White Americans was a staggering 23 to 1. That's equivalent to just $4 of wealth for Black Americans for every $100 for White Americans.

The mission of the Opportunity & Inclusive Growth Institute is to conduct and promote research that will increase economic opportunity and inclusive growth for all Americans and help the Federal Reserve achieve its maximum employment mandate. Connect with us to receive emails with Institute news, insights, and events.

Fast forward 150 years and that gap has narrowed to about 6 to 1—and yet, a significant gap remains: average per capita wealth of White Americans was $338,093 in 2019 but only $60,126 for Black Americans."

View attachment 835260

How the racial wealth gap has evolved—and why it persists | Federal Reserve Bank of Minneapolis

New dataset identifies the causes of today’s wealth gap

www.minneapolisfed.org

The black proportion of national wealth has remained basically the same since slavery. Whites on average are born into at least 6 times more wealth than blacks and they are born into what they did not personally produce. On the other hand, blacks are born into deficts they did not create. Since racism caused this, simply not talking about race or being "colorblind" is not going to cure this economic disparity.

What a silly poseur you are
The aregument against that has been made most convincingly by BLACKS
Thomas Sowell and Walter WIlliams ,both Black and both Economists of great repute

You usually post a truckload of things and that for 3 reasons
1)You know that no one or two 'facts' establishes your case at all
2) You don't want the errors on one of your many statements to accumulate
3) Youi want to be sure to separate historical statements from economics statements because you know the combination is what shows you are dead wrong.

 

[Libby von H]

In his book

Facing Reality: Two Truths about Race in America​

Charles Murray said that most Americans get more education than they have the intelligence to benefit from. He was not thinking about Jews.

Which is a view directly opposed to the mainstream view going back past Aristotle
You have only to look at John Henry Newnan's IDEA OF THE UNIVERSITY

The Perfection of the Intellect
​

For Newman, a liberal education was its own reward, valuable for its own sake

 

[Libby von H]

Two things have destroyed Black progress : Abortion and welfare

WELFARE
Nearly a hundred years of the supposed “legacy of slavery” found most black children [78%] being raised in two-parent families in 1960. But thirty years after the liberal welfare state found the great majority of black children being raised by a single parent [66%]

ABORTION
black women are 5 timesmore likely to have an abortion than whitewomen. A recent study released byProtecting Black Life, an outreach of LifeIssues Institute concluded that, “79% ofPlanned Parenthood’s surgical abortionfacilities are strategically located withinwalking distance of African and/orHispanic communities

“Since the number of current living blacks(in the U.S.) is 31 million, the missing 10 million representsan enormous loss for, without abortion, America’s blackcommunity would now number 41 million persons. It wouldbe 35 percent larger than it is currently. Abortion has sweptthrough the black community cutting down every fourth member. !!!!!

so now Hispanics outnumber Blacks, Black political representation is dwindling and the family and work situation is getting WQRSE

 

[Grumblenuts]

 

[IM2]

Two things have destroyed Black progress : Abortion and welfare

WELFARE
Nearly a hundred years of the supposed “legacy of slavery” found most black children [78%] being raised in two-parent families in 1960. But thirty years after the liberal welfare state found the great majority of black children being raised by a single parent [66%]

ABORTION
black women are 5 timesmore likely to have an abortion than whitewomen. A recent study released byProtecting Black Life, an outreach of LifeIssues Institute concluded that, “79% ofPlanned Parenthood’s surgical abortionfacilities are strategically located withinwalking distance of African and/orHispanic communities

“Since the number of current living blacks(in the U.S.) is 31 million, the missing 10 million representsan enormous loss for, without abortion, America’s blackcommunity would now number 41 million persons. It wouldbe 35 percent larger than it is currently. Abortion has sweptthrough the black community cutting down every fourth member. !!!!!

so now Hispanics outnumber Blacks, Black political representation is dwindling and the family and work situation is getting WQRSE

Bullshit. I'm black, that's not the problem.

Living in a 2 parent family in 1960 did not stop black poverty from being 55 percent. So lets stop repeating the white racist wives tales.

Let’s talk about the Assistance to single women with children part of the SocialSecurity Act. Title IV provided grants to states as Aid To Dependent Children. Eventually the name of the program was changed to Aid to Families with Dependent Children. This was welfare. Assistance for single moms with children and no daddy at home. In 1935. Blacks were excluded. Aid to Dependent Children functioned mainly to provide federal grants to help the states with mothers’ aid laws that began in 1910.

The ADC plan was written by two ladies who had been former directors of what was at the time called the U.S. Children’s Bureau. The Children’s Bureau’s goal was to provide aid to all children whose mothers had no support from a husband no matter how they got into that position.

From the Children’s Bureau in 1910 until 1965, no one talked about how the welfare state was wrong and created the disintegration of the white family. I read no lectures about the irresponsible white father. The program was not denigrated as something creating dependence on government; it was seen as essential assistance needed to help women without husbands who had children. Only when the law required that others besides whites be included did the story change to how the welfare state was wrong and destructive.

So once again your white commentary about blacks fails the reality test.

 

[IM2]

What a silly poseur you are
The aregument against that has been made most convincingly by BLACKS
Thomas Sowell and Walter WIlliams ,both Black and both Economists of great repute

You usually post a truckload of things and that for 3 reasons
1)You know that no one or two 'facts' establishes your case at all
2) You don't want the errors on one of your many statements to accumulate
3) Youi want to be sure to separate historical statements from economics statements because you know the combination is what shows you are dead wrong.

Williams and Sowell are economists, not sociologists and their opinions are intellectually lazy. Both men are not of great repute in the black community and in fact the only places their nonsense gets respected is in far right wing extremist circles. Both men are wrong. It's just that simple.

 

[el midgetron]

 

[Grumblenuts]