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Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Blacks:

66gardeners

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The wealth gap between blacks and whites has ballooned since the middle of the Reagan administration, nearly tripling between 1984 and 2009, according to a new Brandeis University study.

The study, released Wednesday, found that the median white household held a net worth of $265,000 by 2009, eight times more than the median black household's net worth of just $28,500. That division will continue to haunt black Americans for years to come, according to Tatjana Meschede, a co-author of the study.


Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Blacks: Study


How is this happening? I know the average wages in this country have remained stagnant, but my impression has been that black folks slowly but surely have shattered the glass ceiling in many industries. I guess I was wrong.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

:lol: :doh Implying what exactly? Using the Reagan through Bush (careful not to mention Clinton in between) period for this "study", carefully omitting any Obama years as well, shows us just what? While statistics can be fun to use, what policy is supposed to be "responsible" for this? Note the article's closing statement:

The Census Bureau reported last year that the median white household held a net worth of $110,729 in 2010, while the median black household held a net worth of just $4,995, a disparity even greater than that reported by the Brandeis University study.

Does that then "prove" that Obama has made it even worse?
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

The Jim Crow Laws still at work I see.

Great book, explains it all.

Smoke a blunt-JAIL!

Crash the housing market-$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

'MERICA:lol:

The New Jim Crow:

The New Jim Crow: Michelle Alexander, Cornel West: 9781595586438: Amazon.com: Books

Once in a great while a book comes along that changes the way we see the world and helps to fuel a nationwide social movement. The New Jim Crow is such a book. Praised by Harvard Law professor Lani Guinier as "brave and bold," this book directly challenges the notion that the election of Barack Obama signals a new era of colorblindness. With dazzling candor, legal scholar Michelle Alexander argues that "we have not ended racial caste in America; we have merely redesigned it." By targeting black men through the War on Drugs and decimating communities of color, the U.S. criminal justice system functions as a contemporary system of racial control—relegating millions to a permanent second-class status—even as it formally adheres to the principle of colorblindness. In the words of Benjamin Todd Jealous, president and CEO of the NAACP, this book is a "call to action."
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

The wealth gap between blacks and whites has ballooned since the middle of the Reagan administration, nearly tripling between 1984 and 2009, according to a new Brandeis University study.

The study, released Wednesday, found that the median white household held a net worth of $265,000 by 2009, eight times more than the median black household's net worth of just $28,500. That division will continue to haunt black Americans for years to come, according to Tatjana Meschede, a co-author of the study.


Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Blacks: Study


How is this happening? I know the average wages in this country have remained stagnant, but my impression has been that black folks slowly but surely have shattered the glass ceiling in many industries. I guess I was wrong.

The wealth gap has been an ever widening chasm for everyone. By placing this into a white black paradigm the article is aiding in what I feel is the root of racism. Dividing a whole by its parts. Focusing on the distinction of race rather than the disparity in wealth.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

The Jim Crow Laws still at work I see.

Great book, explains it all.

Smoke a blunt-JAIL!

Crash the housing market-$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

'MERICA:lol:

The New Jim Crow:

The New Jim Crow: Michelle Alexander, Cornel West: 9781595586438: Amazon.com: Books

Once in a great while a book comes along that changes the way we see the world and helps to fuel a nationwide social movement. The New Jim Crow is such a book. Praised by Harvard Law professor Lani Guinier as "brave and bold," this book directly challenges the notion that the election of Barack Obama signals a new era of colorblindness. With dazzling candor, legal scholar Michelle Alexander argues that "we have not ended racial caste in America; we have merely redesigned it." By targeting black men through the War on Drugs and decimating communities of color, the U.S. criminal justice system functions as a contemporary system of racial control—relegating millions to a permanent second-class status—even as it formally adheres to the principle of colorblindness. In the words of Benjamin Todd Jealous, president and CEO of the NAACP, this book is a "call to action."

Are you trolling or are you serious? Because if you are trolling, then yes, :lol:
If you are serious... you have the big problem.

And here I do not use trolling with the intention of calling you a troll. But with the thought that you are in fact making a mockery of the "new jim crow" book which is utter non-sense.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Are you trolling or are you serious? Because if you are trolling, then yes, :lol:
If you are serious... you have the big problem.

And here I do not use trolling with the intention of calling you a troll. But with the thought that you are in fact making a mockery of the "new jim crow" book which is utter non-sense.

If you are familiar with Milton Friedman's work, you will also notice most bad laws, like minimum wage and the war on drugs as described in the book, have the most adverse affects on the black community.

The racial wealth gap is simply a result of bad laws. It affects all races, the black community more so than others.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

If you are familiar with Milton Friedman's work, you will also notice most bad laws, like minimum wage and the war on drugs as described in the book, have the most adverse affects on the black community.

The racial wealth gap is simply a result of bad laws. It affects all races, the black community more so than others.

That is actually true, but that is not what Jim crow laws were about.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

The wealth gap has been an ever widening chasm for everyone. By placing this into a white black paradigm the article is aiding in what I feel is the root of racism. Dividing a whole by its parts. Focusing on the distinction of race rather than the disparity in wealth.

Exactly!

The racial wealth disparity has been with us for a long, long time, but it is not new racism that has increased the gap, it is the simple fact of wealth concentration that has increased the gap between the super-wealthy and the rest, and this exagerrates the already existing racial gap.

I think a lot of people completely misunderstand the idea of redistribution. They think it is a socialist buzzword for stealing from the productive, but in fact all government throughout all of history have engaged in redistribution and POLICY determines redustribution, the only differences were to whom and from whom. Czarist Russia engaged in redistribution during the era of feudal serfdom, the output of serfs were redistributed under law to the nobles to the point where the Nobles owned virtually 100% of everything. The way to understand redistributive policies is to see what the outcome is. If wealth is increasing concentration to one group and decreasing in another, you have redistributive policies. The Communist Revolution of 1917 implemented redistributive policies, and the result was that where wealth was concentrated, it was (for lack of a better word) taxed at 100% (plus decapitation in many cases) and was distributed to the people (realistically, it was redistributed to the party and then concentrated again in party leaders).
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

If you are familiar with Milton Friedman's work, you will also notice most bad laws, like minimum wage and the war on drugs as described in the book, have the most adverse affects on the black community.

The racial wealth gap is simply a result of bad laws. It affects all races, the black community more so than others.

Sounds like more of a condemnation on culture, not economics.

Saying that minimum wage and drugs are more of a black issue than a white issue is probably more racist than anything you were trying to defend. Congratulations on that.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

The wealth gap between blacks and whites has ballooned since the middle of the Reagan administration, nearly tripling between 1984 and 2009, according to a new Brandeis University study.

The study, released Wednesday, found that the median white household held a net worth of $265,000 by 2009, eight times more than the median black household's net worth of just $28,500. That division will continue to haunt black Americans for years to come, according to Tatjana Meschede, a co-author of the study.


Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Blacks: Study


How is this happening? I know the average wages in this country have remained stagnant, but my impression has been that black folks slowly but surely have shattered the glass ceiling in many industries. I guess I was wrong.

Perhaps you could start listening to those who have been screaming about the impact of illegal immigration.

I doubt it though.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Sounds like more of a condemnation on culture, not economics.

Saying that minimum wage and drugs are more of a black issue than a white issue is probably more racist than anything you were trying to defend. Congratulations on that.
Why? Blacks are sentenced to prison for drug offenses at a higher rate.
Drug Sentencing Disparities
•About 14 million Whites and 2.6 million African Americans report using an illicit drug
•5 times as many Whites are using drugs as African Americans, yet African Americans are sent to prison for drug offenses at 10 times the rate of Whites
•African Americans represent 12% of the total population of drug users, but 38% of those arrested for drug offenses, and 59% of those in state prison for a drug offense.
•African Americans serve virtually as much time in prison for a drug offense (58.7 months) as whites do for a violent offense (61.7 months). (Sentencing Project)

Criminal Justice Fact Sheet | NAACP
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Perhaps you could start listening to those who have been screaming about the impact of illegal immigration.

I doubt it though.
Hey, I am a gardener. I DO the job republicans say Americans will NOT do. I have never hired someone that is not eligible to work in the US and I never will. Can't say the same for my neighbors.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Why? Blacks are sentenced to prison for drug offenses at a higher rate.
Drug Sentencing Disparities
•About 14 million Whites and 2.6 million African Americans report using an illicit drug
•5 times as many Whites are using drugs as African Americans, yet African Americans are sent to prison for drug offenses at 10 times the rate of Whites
•African Americans represent 12% of the total population of drug users, but 38% of those arrested for drug offenses, and 59% of those in state prison for a drug offense.
•African Americans serve virtually as much time in prison for a drug offense (58.7 months) as whites do for a violent offense (61.7 months). (Sentencing Project)

Criminal Justice Fact Sheet | NAACP

Blacks are given NBA contracts at a much higher rate than whites. What's your point?

Maybe blacks are sentenced to prison for drug offenses because...they commit more drug offenses? Maybe black drug offenses deal with harder drugs? Transportation of drugs? Drugs during certain activities?

Your statistics prove nothing. White, black, whatever - if you commit a drug offense, don't bitch about being sentenced from a drug offense.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Blacks are given NBA contracts at a much higher rate than whites. What's your point?

Maybe blacks are sentenced to prison for drug offenses because...they commit more drug offenses? Maybe black drug offenses deal with harder drugs? Transportation of drugs? Drugs during certain activities?

Your statistics prove nothing. White, black, whatever - if you commit a drug offense, don't bitch about being sentenced from a drug offense.
NBA contracts are given by merit. There are many variables when someone is arrested for drug use. Race is one of them.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

NBA contracts are given by merit. There are many variables when someone is arrested for drug use. Race is one of them.

It's cute that you actually believe that. Enjoy the tin hat.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Exactly!

The racial wealth disparity has been with us for a long, long time, but it is not new racism that has increased the gap, it is the simple fact of wealth concentration that has increased the gap between the super-wealthy and the rest, and this exagerrates the already existing racial gap.

I think a lot of people completely misunderstand the idea of redistribution. They think it is a socialist buzzword for stealing from the productive, but in fact all government throughout all of history have engaged in redistribution and POLICY determines redustribution, the only differences were to whom and from whom. Czarist Russia engaged in redistribution during the era of feudal serfdom, the output of serfs were redistributed under law to the nobles to the point where the Nobles owned virtually 100% of everything. The way to understand redistributive policies is to see what the outcome is. If wealth is increasing concentration to one group and decreasing in another, you have redistributive policies. The Communist Revolution of 1917 implemented redistributive policies, and the result was that where wealth was concentrated, it was (for lack of a better word) taxed at 100% (plus decapitation in many cases) and was distributed to the people (realistically, it was redistributed to the party and then concentrated again in party leaders).



It's funny that you should bring up communism in a thread that bears Reagan's name. As his "reaganomics" is a privatized version of what CCCP communism turned out to be. The controlling and distribution of resouces and wealth by a select few, to benefit the few, at the expense of the masses.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

It's cute that you actually believe that. Enjoy the tin hat.

I believe what I see
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Hey, I am a gardener. I DO the job republicans say Americans will NOT do. I have never hired someone that is not eligible to work in the US and I never will. Can't say the same for my neighbors.

LOL. Republicans say Americans will not garden?

Since you mentioned Gardeners, I haven't seen a crew in years here in Southern California that speaks anything other than Spanish. I can't say whether they are illegal or not, but let's be honest. I travel the country, and over the last 15-20 years, every manufacturing and processing plant I have been in, almost without exception, is dominated by workers who only speak spanish.

These used to be jobs that provided income and experience for other minorities, and helped to establish an economic base from which they could enter into a growing middle class.

Not any more. Illegal immigration has devastated Black communities here in Southern California. And it's encouraged by the left.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

It's funny that you should bring up communism in a thread that bears Reagan's name. As his "reaganomics" is a privatized version of what CCCP communism turned out to be. The controlling and distribution of resouces and wealth by a select few, to benefit the few, at the expense of the masses.

It was the point I was trying to make. A policy doesn't have to consist of taking from the rich to give to poor to be redistribution. It can take from any group and give to any group and it will still be redistribution. Redistribution is not bad or good, but the outcomes can be bad or good. For the last 30 years, our redistributive policies have worked out very badly for the citizens of America as a whole. We don't have serfs, but the outcome of our policies is the same, albeit a slower theft from the masses.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Sounds like more of a condemnation on culture, not economics.

Saying that minimum wage and drugs are more of a black issue than a white issue is probably more racist than anything you were trying to defend. Congratulations on that.

The effects of bad laws on one racial group being more noticeable than on other racial group is not racist, but fact.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

LOL. Republicans say Americans will not garden?

Since you mentioned Gardeners, I haven't seen a crew in years here in Southern California that speaks anything other than Spanish. I can't say whether they are illegal or not, but let's be honest. I travel the country, and over the last 15-20 years, every manufacturing and processing plant I have been in, almost without exception, is dominated by workers who only speak spanish.

These used to be jobs that provided income and experience for other minorities, and helped to establish an economic base from which they could enter into a growing middle class.



Not any more. Illegal immigration has devastated Black communities here in Southern California. And it's encouraged by the left.

I stand by what I wrote. I intend to be an element that help put Americans back to work in this country.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

The effects of laws on one racial group being more noticeable than on other racial group is not racist, but fact.

According to that, the fact seems to come across as "blacks are druggies whose education compels them to take lower paying jobs".

Sounds like a culture problem to me.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Sounds like more of a condemnation on culture, not economics.

Saying that minimum wage and drugs are more of a black issue than a white issue is probably more racist than anything you were trying to defend. Congratulations on that.

This. With all the antidescrimination laws on the books and AA if the average wealth of black families has not kept up with that of white families there might be another reason. A much lower instance of married parents perhaps? I wonder how the same study would equate black families and Asian families? The last I checked Asian families were even more traditional nuclear than white families with higher average intelligence and earnings. As a white guy I can't hold that against them.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

It was the point I was trying to make. A policy doesn't have to consist of taking from the rich to give to poor to be redistribution. It can take from any group and give to any group and it will still be redistribution. Redistribution is not bad or good, but the outcomes can be bad or good. For the last 30 years, our redistributive policies have worked out very badly for the citizens of America as a whole. We don't have serfs, but the outcome of our policies is the same, albeit a slower theft from the masses.

Distribution(of wealth and resources) which is more apt a discription, is all economics is. Redistribution merely a political slogan.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

According to that, the fact seems to come across as "blacks are druggies whose education compels them to take lower paying jobs".

Sounds like a culture problem to me.

Milton Friedman: Those hurt most by the minimum wage! - YouTube

Friedman explains the people hurt most by the minimum wage laws are blacks. It is (was?) the most anti-negro law on the books.

CLEARLY not a "culture" problem:lol:

Edit: Full vid

http://www.youtube.com/watch?v=fuUUpPWWK1k
 
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