Cost Of Racism: U.S. Economy Lost $16 Trillion Because Of Discrimination, Bank Says

[Secure Da Bag]

Good points. Correct me If I'm wrong but the first point you made might be wrong. They said $16T over 20 years so its $800 billion annually. US GDP is $20 trillion annually which would be $400T over 20 years. $800 billion is still a staggering amount to be missing out on annually.

Good catch. So we could reduce the yearly deficit, if not eliminate it, if we ended racism.

 

[humminbird]

This is also why they’re losing against China

 

[DEAD7]

obviously, widespread quality of life is not the goal of capitalism. concentration of wealth at the top is. the rich will make less money when they dont have massive populations of desperate people to exploit for labor and consumption of substandard products and services.

Its racism... not capitalism...

 

[NZA]

Its racism... not capitalism...

the article puts a "price tag" on how much the economy has "lost" due to racism. it is written in a way that suggests this is a mistake and that the economy will improve if wall street (aka capitalists) stop perpetuating racism. i am pointing at that the biggest winners in the economy want it that way for the reasons i laid out.

 

[Miles Davis]

Racism a hell of a drug, shyt must be better than cocaine and all them others

 

[Serious]

Had to bump this article again, because I saw this quite in another article.


This is still crazy to think. Hell just giving us reparations would make what we're owned neutral. At this point @ORDER_66

I imagine this calculated figure has perplexed by now too.

 

[ORDER_66]

Had to bump this article again, because I saw this quite in another article.


This is still crazy to think. Hell just giving us reparations would make what we're owned neutral. At this point @ORDER_66

I imagine this calculated figure has perplexed by now too.

it has to be residuals on top of that lumps sum and other entities gonna pay up too

 

[Wild self]

These CACs will collapse the whole white supremacist structure, just for a few more minutes of racism.

 

[InGodWeTrust]

$6.4 trillion (and counting) is the estimate for reparations.

And there's 16 trill that goes because of discrimination?

 

[OsO]

• You can double GDP by simply stopping being racist.
  
• Racism isn't cheap.
  
• Quality of life for America as a whole is lessened by racism.
  
• You could employ 1/7 more of the black population if racism stopped.

it has to change

It’s not going to happen until white people in the frontline positions give up white supremacy.

Again, look at how destructive racism is. Look at all the money that is lost. Look at all the opportunities that are lost. Look at all the ideas we have lost. Look at all the advancements we have lost on.

So much progress that we could've achieved in our human lifetimes has been averted and upended because of racism. It's really sad when you think about it

Even if it means to fumble the bag. What a bunch of idiots.

cacs in positions of power dont care they make money off our misery, death and throwing us in prison off of bullshyt charges then they would ever receive by being nice to us and treating us like humans... its the system they created to keep us virtually a permanent underclass... their racism is more important than trillions and breathing to them...

Cacs will do anything to uphold white supremacy

 

[ThrobbingHood]

Cacs will do anything to uphold white supremacy

They”ll happily cut their nose to spite their face. I wish more black folk understood this and stopped trying to reason with them.

 

[Red Shield]

They”ll happily cut their nose to spite their face. I wish more black folk understood this and stopped trying to reason with them.

us being at the bottom and getting fukked over is one of those things at the core of american identity.



their gonna ride this shyt out to ruin

 

[Captain Crunch]

$6.4 trillion (and counting) is the estimate for reparations.

And there's 16 trill that goes because of discrimination?

Reparations for slavery alone is at least $17T(Duke economist Dr. Darity told UCONN economist Dr. Kraemer that $17T isn't enough for slavery).

 

[Asicz]

us being at the bottom and getting fukked over is one of those things at the core of american identity.



their gonna ride this shyt out to ruin

Thankfully our ancestors like MLK and abolitionist of slavery did not come with the defeated mentality.

 

[OfTheCross]

Racism has cost the U.S. $16 trillion, Citigroup finds

I dunno if I'm totally on board with the dollar amount in the study, but I do agree that the US as a nation does lose by being racist.