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@Citi Trends
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CBSkyline

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The opening from the founding document :myman:

Blacks, while constituting just under thirteen percent of the nation’s population, collectively own less than three percent of the nation’s total wealth (Moore 2015).

Patently, wealth is far more unequally distributed than income. While income primarily is earned in the labor market, wealth is built primarily by the transfer of resources across generations, locking-in the deep divides we observe across racial groups (Shapiro 2004, Gittleman and Wolff 2004, Hamilton and Darity 2010).

In this report, we address ten commonly held myths about the racial wealth gap in the United States. We contend that a number of ideas frequently touted as “solutions” will not make headway in reducing black-white wealth disparities. These conventional ideas include greater educational attainment, harder work, better financial decisions, and other changes in habits and practices on the part of blacks. While these steps are not necessarily undesirable, they are wholly inadequate to bridge the racial chasm in wealth.

These myths support a point of view that identifies dysfunctional black behaviors as the basic cause of persistent racial inequality, including the black-white wealth disparity, in the United States. We systematically demonstrate here that a narrative that places the onus of the racial wealth gap on black defectiveness is false in all of its permutations. We challenge the conventional set of claims that are made about the racial wealth gap in
the United States. We contend that the cause of the gap must be found in the structural characteristics of the American economy, heavily infused at every point with both an inheritance of racism and the ongoing authority of white supremacy.

Blacks cannot close the racial wealth gap by changing their individual behavior –i.e. by assuming more “personal responsibility” or acquiring the portfolio management insights associated with “financially literacy” – if the structural sources of racial inequality remain unchanged.

There are no actions that black Americans can take unilaterally that will have much of an effect on reducing the racial wealth gap. For the gap to be closed, America must undergo a vast social transformation produced by the adoption of bold national policies, policies that will forge a way forward by addressing, finally, the long-standing consequences of slavery, the Jim Crow years that followed, and ongoing racism and discrimination that exist in our society today.

Our report indicates that closing the racial wealth gap requires an accurate assessment of the causes of the disparity and imaginative action to produce systemic reform and lasting change. Addressing racial wealth inequality will require a major redistributive effort or another major public policy intervention to build black American wealth. This could take the form of a direct race-specific initiative like a dramatic reparations program tied to compensation for the legacies of slavery and Jim Crow, and/or an initiative that addresses the perniciousness of wealth inequality for the entire American population, which could disproportionately benefit black Americans due to their exceptionally low levels of wealth. Indeed, the two strategies -- reparations for America’s record of racial injustice or the provision of the equivalent of a substantial trust fund for every wealth poor American—need not be mutually exclusive.

"What We Get Wrong About Closing the Racial Wealth Gap"

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By William Darity Jr., Darrick Hamilton, Mark Paul, Alan Aja, Anne Price, Antonio Moore, and Caterina Chiopris

Also a great article from the Atlantic that was written a month ago but highlighted what 2019 and 2020 is going to be about.

The Racial Wealth Gap Could Become a 2020 Litmus Test
 

GMoney

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This is such a positive movement for our people, it's weird that there's any pushback, but it is what it is.

Do you think it's worthwhile for us to push these reps to put their name on H.R.40?
especially those that publically support the green new deal?
 
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Citi Trends

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Do you think it's worthwhile for us to push these reps to put their name on H.R.40?
especially those that support the green new deal?
Yes, contact them and question them on why they arent supporting it and ask them to
but like Yvette said they’ve had time and won’t even co-sign the studying of reparations so the time for excuses is over.

Either you support it or you get no support, simple as that. Nobody’s trying to hear these people babble about irrelevant shyt anymore
 
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