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Posts Tagged ‘Why is the 1% So White’

Why “40 Acres And A Mule” Is No Longer Enough Reparations For Black Americans (Video)

Word on the street, dirt road… hell, everywhere… is that that 40 acres and a mule promised to Black folks in the United States… IS. NOT. COMING. And even if it was, it would NOT be enough to ‘catch us up’ and make things fair & square for how far slavery, Jim Crow, and follow-on disenfranchisement has set people of color (esp. Black people in America) back. The ‘why’ behind this is skillfully “Decoded” above in this throwback episode.

Out of 536 billionaires in the USA, only 3 are Black. Why the stark racial divide? Well, it’s complicated, but it turns out our history of racism has a lot to do with it. From segregated schools that receive less funding in property taxes, to the history of redlining Black homeowners, to the long history of slavery, oppression, and segregation, White families were accumulating wealth. That “old money” has provided the capital for the modern-day billionaires, and even average-income white families, to stay significantly ahead of Black Americans. So how can we fix the wealth divide in America?
– MTV Decoded

@ojones1

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