Vonte3000
Chance 3 :wow: :blessed:
http://www.huffingtonpost.com/antonio-moore/the-decadent-veil-black-income-inequality_b_5646472.html
Antonio Moore
I write this piece following the ground work laid by W.E.B. Dubois's Veil of Double Consciousness. The veil he described was a visualization of the racial duality blacks take on as part of their American identity. I now undertake the daunting task of clarifying the new veil of economics that has covered the struggles of a generation. The decadent veil looks at black Americans through a lens of group theory and seeks to explain an illusion that has taken form over a 30-year span of financial deregulation and new found access to unsecured credit. This veil is trimmed with million-dollar sports contracts, Roc Nation tour deals and designer labels made for heads of state. As black celebrity invited us into their homes through shows like MTV cribs, we forgot the condition of overall African American financial affairs. Despite a large section of the 14 million black households drowning in poverty and debt the stories of a few are told as if they represent those of millions, not thousands. It is this new veil of economics that has allowed for a broad swath of America to become not just desensitized to black poverty, but also hypnotized by black celebrity. How could we not, our channels are filled from ESPN to VH1 with presentations of black Americans being paid a king's ransom to entertain. As black celebrity has been shown to millions of people, millions of times, the story of real lives has also been lost, and with it the engine that thrust forward the demand for social justice by the masses. The heartbeat of social action is to recognize your mistreatment, and demand better. With each presentation of Kobe Bryant's 25 million dollar a year contract, or Oprah's status as the sole African American billionaire a veil of false calm is created within the overall American economic psyche about the immense black wealth disparity. Young black men from ghettos across America that used to dream to make great changes in racial inequity now just dream to be a millionaire and be like mike and dunk a ball or dance on a stage. The decadent veil not only warps our vision outward to a larger economic world, but it also distorts outside community's view of our actual financial reality.
Federal Reserve numbers show the median net worth (Assets less Debts) for white households in the top 1 percent is about $8.3 Million dollars. While median net worth for all white households is $112,000 -- the exact midpoint of America's 90 million white families, where half or 45 million families have more and the other half possesses less. That makes for a staggering 74 times less wealth for an average white household when compared to the asset holdings of the top 1 percent of white homes. This is among the highest levels of income stratification between classes in the developed world. Yet, the wealth difference between the American black household in the top 1 percent and the average black household is several times worse. As reported by MSNBC the median net worth of the few black households in the top 1 percent was $1.2 million dollars, while according to the Census median net worth for all black households was about $6,000 in total.
The sad truth is that added together all black households are worth a mere $1.4 trillion of the $80 trillion of total U.S. household net worth. A group that is 13 percent of the U.S. population and built one of the the wealthiest countries the world has known as slave labor controls less than 1.75 percent of that country's household wealth. With a massive amount of the small slither in the hands of a small black elite. According to the Pew Research Study, 35 percent of Black households have Negative or No Net Worth. Another 15 percent have less than $6,000 in total household worth, that's nearly 7 million of the total 14 million black households that have little or no security.
Even though their numbers are infinitesimal in comparison to the whole of Black America the 21st century million dollar black celebrity's image has grown to a point of normalcy in homes across the world. So much so that the lives of those in struggling financially in urban centers across America have become overcast by the projection of these larger than life individual brands. The issue is our veiled mask glazed with decadent trim has in many ways hidden the true consequence of our historical scars. Without that veil removed, we project progress that has not yet occurred, and in doing so perpetuate an illusion that may in the end destroy us all.
Also this article isn't saying anything like celebrities need to help just that people misrepresent their success as an achievement and benefit financially for all black people.
Just gonna throw this in here too
http://www.thecoli.com/threads/inte...le-have-less-than-1-of-nations-wealth.233159/
Black people are doing bad economically and that's a major factor in the way we're treated in America. We have no economic power at all and no sense of community.
Antonio Moore
I write this piece following the ground work laid by W.E.B. Dubois's Veil of Double Consciousness. The veil he described was a visualization of the racial duality blacks take on as part of their American identity. I now undertake the daunting task of clarifying the new veil of economics that has covered the struggles of a generation. The decadent veil looks at black Americans through a lens of group theory and seeks to explain an illusion that has taken form over a 30-year span of financial deregulation and new found access to unsecured credit. This veil is trimmed with million-dollar sports contracts, Roc Nation tour deals and designer labels made for heads of state. As black celebrity invited us into their homes through shows like MTV cribs, we forgot the condition of overall African American financial affairs. Despite a large section of the 14 million black households drowning in poverty and debt the stories of a few are told as if they represent those of millions, not thousands. It is this new veil of economics that has allowed for a broad swath of America to become not just desensitized to black poverty, but also hypnotized by black celebrity. How could we not, our channels are filled from ESPN to VH1 with presentations of black Americans being paid a king's ransom to entertain. As black celebrity has been shown to millions of people, millions of times, the story of real lives has also been lost, and with it the engine that thrust forward the demand for social justice by the masses. The heartbeat of social action is to recognize your mistreatment, and demand better. With each presentation of Kobe Bryant's 25 million dollar a year contract, or Oprah's status as the sole African American billionaire a veil of false calm is created within the overall American economic psyche about the immense black wealth disparity. Young black men from ghettos across America that used to dream to make great changes in racial inequity now just dream to be a millionaire and be like mike and dunk a ball or dance on a stage. The decadent veil not only warps our vision outward to a larger economic world, but it also distorts outside community's view of our actual financial reality.
Federal Reserve numbers show the median net worth (Assets less Debts) for white households in the top 1 percent is about $8.3 Million dollars. While median net worth for all white households is $112,000 -- the exact midpoint of America's 90 million white families, where half or 45 million families have more and the other half possesses less. That makes for a staggering 74 times less wealth for an average white household when compared to the asset holdings of the top 1 percent of white homes. This is among the highest levels of income stratification between classes in the developed world. Yet, the wealth difference between the American black household in the top 1 percent and the average black household is several times worse. As reported by MSNBC the median net worth of the few black households in the top 1 percent was $1.2 million dollars, while according to the Census median net worth for all black households was about $6,000 in total.
The sad truth is that added together all black households are worth a mere $1.4 trillion of the $80 trillion of total U.S. household net worth. A group that is 13 percent of the U.S. population and built one of the the wealthiest countries the world has known as slave labor controls less than 1.75 percent of that country's household wealth. With a massive amount of the small slither in the hands of a small black elite. According to the Pew Research Study, 35 percent of Black households have Negative or No Net Worth. Another 15 percent have less than $6,000 in total household worth, that's nearly 7 million of the total 14 million black households that have little or no security.
Even though their numbers are infinitesimal in comparison to the whole of Black America the 21st century million dollar black celebrity's image has grown to a point of normalcy in homes across the world. So much so that the lives of those in struggling financially in urban centers across America have become overcast by the projection of these larger than life individual brands. The issue is our veiled mask glazed with decadent trim has in many ways hidden the true consequence of our historical scars. Without that veil removed, we project progress that has not yet occurred, and in doing so perpetuate an illusion that may in the end destroy us all.
Also this article isn't saying anything like celebrities need to help just that people misrepresent their success as an achievement and benefit financially for all black people.
Just gonna throw this in here too
http://www.thecoli.com/threads/inte...le-have-less-than-1-of-nations-wealth.233159/
Black people are doing bad economically and that's a major factor in the way we're treated in America. We have no economic power at all and no sense of community.
It's crazy how there's such a divide in positive/negative stereotypes of blacks. To most of the world, we're not normal. We're either ridiculously athletic with horse sized genitalia, or heavy in the entertainment/criminal sector sittin' on stacks burnin' through money, or we're scum of the earth welfare handout seekers. 
