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Author Topic: Whites have 10x the wealth of Blacks  (Read 1999 times)

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Offline Matthew

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Whites have 10x the wealth of Blacks
« on: August 21, 2014, 11:22:11 AM »
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  • 5 disturbing stats on black-white inequality
    By Tami Luhby  @Luhby August 21, 2014: 10:49 AM ET

    Money divides blacks and whites in Ferguson
    NEW YORK (CNNMoney)

    The protests in Ferguson, Missouri, have laid bare America's ongoing racial divide.

    One source of that tension is the large financial gap between black and white Americans.

    The figures are staggering.

    A typical black household has accuмulated less than one-tenth of the wealth of a typical white one. And it's only getting worse.

    Over the past 25 years, the wealth gap between blacks and whites has nearly tripled, according to research by Brandeis University.

    That's in large part because home ownership among blacks is so much lower. Housing is often Americans' greatest asset and a major component of their overall wealth.

    Blacks also typically have lower incomes than whites, which also makes it harder for them to save and build wealth. The median income for black households is less than 60% that of white ones.

    Unemployment is also a major problem. The jobless rate for blacks is twice that of whites. The gap has been at least that large for years.

    All of these factors combine to push many blacks into poverty. America's 15% poverty rate masks the underlying racial differences. More than one in four blacks live in poverty, while fewer than one in 10 whites do.

    The economic situation in Ferguson mirrors the national picture, with poverty, unemployment and low income pervasive among its black residents.
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    Offline Matthew

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    Whites have 10x the wealth of Blacks
    « Reply #1 on: August 21, 2014, 11:26:29 AM »
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  • Can't argue with facts. There seems to be quite a gulf.

    But honestly, why is that? Because black students are rejected from colleges? On the contrary. They are likely to be accepted just to fulfill a racial quota.

    Two words: Affirmative Action.

    Ditto for jobs. If a qualified black man interviewed for a well-paying white collar job, you don't think the company would jump at the chance to help make their company snapshot more diverse? In today's multiculturalist world, no company wants their employee group photo to look too "white".

    What or who do they suggest we blame? Is it all those Jim Crow laws and forced segregation of blacks? You're right; America really needs to ditch it's national policy of Apartheid. Is it because we send all black children to "black schools" and make them ride at the back of the bus? Are blacks marginalized in society because they can't vote, or poor because they aren't allowed to own property?

    Is there a special tax imposed on black people? (Oh wait -- many of them are on welfare and get lots of tax breaks. So it's quite the opposite. Nevermind!)

    Seriously. There are no society-enforced handicaps on blacks anymore. This isn't 1910.

    Any handicaps blacks suffer in 2014 come from themselves and/or their own ghetto culture.

    This is proven by the numerous successful blacks who REJECT the American ghetto culture, who learn to speak proper English, and are successful.
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    Offline ggreg

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    Whites have 10x the wealth of Blacks
    « Reply #2 on: August 21, 2014, 11:36:43 AM »
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  • Perhaps they should start paying all people who take hard drugs and produce illigitemate offspring. Also pay convict fellons minimum wage 23 x 7 since they only get about 1 hour of freetime per day.

    That would be a surefire way to redress the economic balance.

    Obama's social policy people are probably working on a plan like this.

    Offline 1st Mansion Tenant

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    Whites have 10x the wealth of Blacks
    « Reply #3 on: August 21, 2014, 02:25:18 PM »
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  • I would like to see a poll asking the aforementioned jobless young men in Ferguson and elsewhere "When was the last time you seriously went job hunting and filled out applications for jobs you were even remotely qualified for?" If truth be told, I don't think it even crosses some of their minds.

    Offline Matthew

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    Whites have 10x the wealth of Blacks
    « Reply #4 on: August 21, 2014, 02:57:19 PM »
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  • And lest you think those in Ferguson are exempt from the stereotypes...I must disappoint you.

    During the looting, one of the things stolen was $200 bags of hair extensions. You know, those fake mini-wigs that give the black girls a bit of "white girl" hair to play with...

    I mock the whole concept because I think black women should just accept the hair God gave them. Jealousy in any form is foolish and ill-advised. I am also against hair dye, wigs, and most makeup. I'm a "truth" kind of person.

    I might as well be jealous of tall people. Why? What good does it do?

    Just love yourself already. Charity begins at home. "Love your neighbor as yourself."
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    Offline Stubborn

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    Whites have 10x the wealth of Blacks
    « Reply #5 on: August 25, 2014, 04:32:23 PM »
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  • I hate to comment on this subject because I will sound like a racist - which I most certainly am not, yet they most assuredly are the ones who shoot themselves in the foot.

    Beyond that, ABC Primetime did a piece back in 1990 that was very good, only about 20 minutes total:

    Start at 3.00 - Part 1
    Picks back up again about 40 seconds in - Part 2
    "But Peter and the apostles answering, said: We ought to obey God, rather than men." - Acts 5:29

    The Highest Principle in the Church: "We are first of all under obedience to God, and only then under obedience to man" - Fr. Hesse

    Offline Capt McQuigg

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    Whites have 10x the wealth of Blacks
    « Reply #6 on: August 26, 2014, 04:45:57 PM »
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  • I just read an article on Salon.com that the average  household of whites is 20 times that of blacks.

    These socialist agitators need to get a grip on their accounting and equations.  20X's is huge and unrealistic.

    10X's, 20X's, 15x's - what difference does it make to them as long as this wedge issue is used to expand government services which do little other than guarantee employment for government grifter types.  Here I am talking about those who have a job handing out the goodies and not people receiving the goodies.


    Offline Frances

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    Whites have 10x the wealth of Blacks
    « Reply #7 on: August 26, 2014, 06:16:44 PM »
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  •  :dancing-banana: :confused1:
    They say statistics don't lie, but I work with several black people, ALL of whom are considerably better off financially.  

    p.s. Matthew, if you are jealous of tall men, you can always get elevator shoes! :roll-laugh1:

    "Life is not fair; get over it!"
     St. Francis Xavier threw a Crucifix into the sea, at once calming the waves.  Upon reaching the shore, the Crucifix was returned to him by a crab with a curious cross pattern on its shell.  


    Offline RomanCatholic1953

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    Whites have 10x the wealth of Blacks
    « Reply #8 on: August 26, 2014, 08:06:45 PM »
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  • Truth is, and for decades Blacks are programed to fail.  This is what the
    liberals want.  Is a criminal and poverty lower class to wreck havoc
    in society.   It is the liberals that give the Blacks an inferiority  complex
    and they are told they cannot succeed.  
    After half of a century of Civil Rights, and affirmative action that
    was said to improve the Blacks. Most of these affirmative action jobs
    goes to a lower blacks that are not qualified for the job, and have a
    nasty attitude that would not be tolerated by other races.
    Black crime is high as ever, they are the majority population in
    prisons, and commit the most violent crimes. and get away with
    it because alleged wrong doings to his ancestors.
    I remember in my youth in the Los Angeles area, the Blacks were
    becoming middle and higher class.  There was a very nice neighborhood
    that was all Black, mostly Doctors, Lawyers, and Engineers. Their
    neighborhoods were as nice appearing as the white neighborhoods.
    I had never had any problems visiting stores there. My mother drove
    a school bus for Lutheran High that required very long distance
    driving, up to three hours one way.
    In those days, the early 1960's. The caste system still prevailed.
    Blacks just did not go into a white neighborhood, unless they
    were hired to clean houses, and whites did not go into black
    neighborhoods. You have to be a radical liberal to do otherwise.
    Why the Blacks today are 10 times less wealthy as Whites and
    Asians.  The liberals are the culprit. The liberals want to use the
    blacks and other lower I.Q. races for revolution to completely
    change our system to a communist and socialists ruled by foreign
    U.N. Troops.