Subsidies?
We don't use generators to power our houses to go fetch water from a well to get water for our pollio wrought family members
So no we aren't alike
Lol subsidies.. funny considering black Americans make up close to 20 percent of taxpayers who pay nothing. Keep being disingenuous.
What are folks in the Mississippi delta doing then??
News
REMEMBERING THE MILLIONS THE AMERICAN DREAM LEFT BEHIND
By Phillip Jackson
Wednesday, September 10, 2008.
A report by the Heartland Alliance confirms what much of blackAmerica already knows: Black America is in serious trouble economically, and many black people are living in "deep poverty."
Black people in America are not just poor by American standards; many of us are "third-world" poor.
While some economists praise the American economy with talk of low unemployment, record housing starts and a booming gross national product, none of this tells the real story of a quickly declining black economy within America. For instance, 30 percent of black Americans in Illinois live in poverty compared with only 8 percent of white Americans.
According to the Children's Defense Fund, nearly one million black children in the United States are living in extreme poverty. While the official national unemployment rate is 4.4 percent, the official unemployment rate for blacks is 10 percent. Of course, the official unemployment rate does not include people who have given up looking for work and those who are underemployed. In 2003 in New York City, 48.2 percent of black men ages 16 to 64 were officially unemployed!
As American cities become more expensive to live in, black people, with our declining wealth, are forced by economics to leave these cities.Although things might be good economically in America, the majority of black people are living through their worst economic depression since slavery!
Ironically, even as black people earn more money in the United States, the wealth gap between blacks and whites grows dramatically. Misery indices in the Black community -- poor and useless educational preparation, mass unemployment, low-quality housing stock, disintegrating communities, and failing families -- are rising. According to a 2004 study by the Pew Hispanic Trust, between 1996 and 2002, the median net worth of blacks dropped by 16 percent.
Black net worth declined to a paltry $5,998 per household, while the net worth for white households grew by 17 percent during the same period to $88,651. Twenty percent of black median net worth was in cash, approximately $1,200, with the balance comprised of home equity. The housing foreclosure crisis of the past eight years has caused Black America to lose between $72 billion and $93 billion in housing-equity wealth.
"Black families lost 25 percent of their wealth during the jobless recovery from the recent recession," said Thomas Shapiro, a BrandeisUniversity professor of law and social policy.
This means that more black people are struggling in 2006 with such basic conditions as securing employment, paying rent or a mortgage, paying utilities and insurance, obtaining affordable health coverage and buying food.
Shapiro also stated that only 26 percent of black families could survive more than three months after a major income interruption. The other 74 percent would be forced to seek government assistance, dip deep into savings, sell off assets, relocate with a friend or relative, file bankruptcy or become homeless!
Notice--- '
3rd world poor'
That government assistance most black folks would need, from mostly white taxpayers i might add, isn't something people in 3rd world countries have. Get off your high horse. Youre only there because these cacs continue to exploit and finesse. Black America standing alone would look no different than any other majority black country. Dumb fukk