#white wealth

[tani-b-art]

Slavery's legacies: Income inequality

[reasoningdaily]

$1M winners are not chosen by chance, Musk PAC tells PA judge

so why is he allowed to call it a lottery?  leon scammin still

[profkew]

Here's one reason why America's racial wealth gap persists across generations

A new poll finds white adults are more than twice as likely as others to get sizable financial help from parents or grandparents. By contras

"White adults are more than twice as likely as Black and Latino households to get sizable financial help from parents or other elders. That's according to a new poll by NPR, the Robert Wood Johnson Foundation, and the Harvard T.H. Chan School of Public Health."

"The new poll finds 38% of white adults say they've gotten at least $10,000 in gifts or loans from a parent or older relative. Only 14% of Black adults receive similar gifts or loans. The share is 16% for Latinos and 19% for Native Americans.

Dorothy Brown [author of The Whiteness of Wealth: How the Tax System Impoverishes Black Americans — And How We Can Fix It] says this divide reflects generations of segregation and racism, especially in housing policies. Racially restrictive covenants barred white people from selling or renting their homes to African Americans or other minority groups. And Federal Housing Administration policies supported such restrictions."

[profkew]

What [White] Southern dynasties’ post-Civil War resurgence tell us about how wealth is really handed down

Emancipation should have laid waste to the [white] Southern aristocracy. The economy was built on the forced labor of enslaved Africans [and their descendants], and almost half the Confederacy’s wealth was invested in owning humans. Once people could no longer be treated as chattel, that wealth evaporated.

But less than two decades after the Civil War, Southern slave-owning dynasties were back on top of the economic ladder, according to an ambitious new analysis from Leah Boustan of Princeton University, Katherine Eriksson of the University of California at Davis and Philipp Ager of the University of Southern Denmark.

Their research upends the conventional wisdom that slave owners struggled after they lost access to their wealth. Yes, some fell behind economically in the war’s aftermath. But by 1880, the sons of slave owners were better off than the sons of nearby Southern whites who started with equal wealth but were not as invested in enslaved people.

[robinlynnemabin]

Black Wealth, White Wealth, and The Truth: 619-768-2945 or 319-527-4961

[ausetkmt]

Dr. Claud Anderson - Black Labor, White Wealth

[allmyhomieshatework]

whenever I go into Gap and see these people buying things that aren't on sale I just ask myself

why would you buy something that isn't on sale