The Black-white gap in wealth mobility and what to do about it

[mastermind]

are you saying the wealth gap is negligible?

if so, point me to the data cause I'd welcome that news

No, I’m not.

I am saying we gotta stop looking at this from a racial lens and just target everyone at that top.

There are more white people there, obviously, but those black 1%ers are not our friends.

The wealth gap among those at the top of black people is actually greater than among whites.

 

[OfTheCross]

No, I’m not.

I am saying we gotta stop looking at this from a racial lens and just target everyone at that top.

There are more white people there, obviously, but those black 1%ers are not our friends.

The wealth gap among those at the top of black people is actually greater than among whites.

I know it wasn't your intention, but I googled a bit and it seems the gap ain't that bad when you take out the top 10%.

What's most sad is that the top Black earners are below the 2nd highest White group.

Examining the Black-white wealth gap

A close examination of wealth in the U.S. finds evidence of staggering racial disparities.

www.brookings.edu

Why The Racial Wealth Gap Is So Hard To Close

A new study shows the simple math of why — absent radical measures — America's racial wealth gap won't be closing anytime soon.

www.npr.org

Closing the racial wealth gap requires heavy, progressive taxation of wealth

Any agenda to close the racial wealth gap should include taxation of extreme wealth.

www.brookings.edu

Racial wealth gap may be a key to other inequities — Harvard Gazette

The wealth gap between Black and white Americans is examined in this installment of the “Unequal” series.

news.harvard.edu

Wealth Inequality and the Racial Wealth Gap

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

https://socialequity.duke.edu/wp-content/uploads/2019/10/what-we-get-wrong.pdf

 

[mastermind]

I know it wasn't your intention, but I googled a bit and it seems the gap ain't that bad when you take out the top 10%.

What's most sad is that the top Black earners are below the 2nd highest White group.

Examining the Black-white wealth gap

A close examination of wealth in the U.S. finds evidence of staggering racial disparities.

www.brookings.edu

Why The Racial Wealth Gap Is So Hard To Close

A new study shows the simple math of why — absent radical measures — America's racial wealth gap won't be closing anytime soon.

www.npr.org

Closing the racial wealth gap requires heavy, progressive taxation of wealth

Any agenda to close the racial wealth gap should include taxation of extreme wealth.

www.brookings.edu

Racial wealth gap may be a key to other inequities — Harvard Gazette

The wealth gap between Black and white Americans is examined in this installment of the “Unequal” series.

news.harvard.edu

Wealth Inequality and the Racial Wealth Gap

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

https://socialequity.duke.edu/wp-content/uploads/2019/10/what-we-get-wrong.pdf

Bertrand Cooper got Darity out the paint for ignoring intragroup inequalitlies.

Inequality Is High Within the Black Community

Rich blacks are 1,382 times wealthier than poor blacks.

www.peoplespolicyproject.org

 

[OfTheCross]

Bertrand Cooper got Darity out the paint for ignoring intragroup inequalitlies.

Inequality Is High Within the Black Community

Rich blacks are 1,382 times wealthier than poor blacks.

www.peoplespolicyproject.org

 

[NZA]

Bertrand Cooper got Darity out the paint for ignoring intragroup inequalitlies.

Inequality Is High Within the Black Community

Rich blacks are 1,382 times wealthier than poor blacks.

www.peoplespolicyproject.org

that is a great thread. race often obscures the role sex and class play in outcomes

 

[Gritsngravy]

I disagree. The wealth gap would be just as bad, maybe worse.

Reparations is the only way to close the wealth gap, though.

But I was saying something slightly different, which is: In 2022 the government is not in the way of Black wealth.

But that’s not really saying anything if they created the system that’s in place today that suppressed black wealth

 

[Yapdatfool]

I disagree. The wealth gap would be just as bad, maybe worse.

Reparations is the only way to close the wealth gap, though.

But I was saying something slightly different, which is: In 2022 the government is not in the way of Black wealth.

We're gonna have to agree to disagree then,

 

[OfTheCross]

But that’s not really saying anything if they created the system that’s in place today that suppressed black wealth

in the past, now we good, though

 

[get these nets]

The elephant in the room in these types of threads is the achievement gap, and how that correlates to the topic.

 

[Gritsngravy]

in the past, now we good, though

Are we

 

[ogc163]

Reparations would be the most impactful solution, outside of that I can't think of policy solutions that come close to having a similar impact. A shift in attitudes regarding marriage and when/how many kids Black folks have would likely move the needle the most from a cultural change. Having kids in our late 30s could be a talking point, but too many Black conservatives and traditionalists are stuck in 1989 and still harping on Black kids being born out of wedlock.

 

[DEAD7]

I support reparations, but why perpetuity?

Why you think the government is in black peoples way to wealth?

If reparations are not received in perpetuity it will ultimately do more harm than good IMO.




Any barriers to entry into the market disproportionately hinder those economically at the bottom IMO

Example: does requiring a license/permit/certification with a $2000 price tag hinder the rich or the poor… and if it hinders both who is hindered more?

That’s not an argument against licensure, just illustrating how the rules of the game make the economic climb much rougher for those at the bottom.

 

[DEAD7]

I am saying we gotta stop looking at this from a racial lens and just target everyone at that top.

 

[BelowTheMasonDixon]

Ya'll poo pooed on mans in that other thread talking about life insurance. My Dad left my moms a pretty nice chunk of change. Unfortunately, she has Vasuclar dementia after a stroke. so a lot of that is going to her care. But yeah. Life insurance is a big deal.

 

[Starman]

If reparations are not received in perpetuity it will ultimately do more harm than good IMO.

This is worse than just a much tougher sell to white people (although that's bad enough), it's a poison pill. If the harm done by slavery cannot be compensated for by any fixed amount of money, any amount of money given as reparations would be seen as a waste. It also suggests a lack of belief in black people to better ourselves given the means to do so. Instead, you'd have us be wards of white people until the end of time.