Far too many Black Folks under 40 were socialized by a generation that does NOT grasp wealth inequality to build themselves with quirky oddities as the answer to American Blackness and it’s ultimate cost. All of it done as white wealth took off at levels unseen in modern history.
From comic books, to wizard worlds, to financial guruism, casting off Black friends, and casting a new magic that made you not come from American slavery became the millennial identity safe haven.
Crypto was gonna save them from the cost of Black legacy then they realized… It wasn’t.
Hard work ethos they got from the archaic lessons of their greatest generation grandparents and a boomer parent that was the first black judge in whatever county USA was the answer … then it wasnt.
They were all going to be STARS as the individual answer to the conundrum of Blackness and it’s immeasurable cost. But instead became GIG drivers telling themselves stardom was on the horizon AND this real life was not permanent. While moving from UBER to DOOR DASH to AMAZON.
In the end everything was always running. Now the reality sets in that this isn’t about movement. It is about anchoring. Without that rooted truth and a confrontation with the cost of LEGACY lost will be your permanent reality. #ados
Economist Thomas Piketty, the author of Capital in the Twenty-First Century, recently observed that the level of inequality in the United States — for those who work for a living “is probably higher than in any other society, at any time in the past, anywhere in the world.” 2017
When Economist Thomas Piketty said the above quote in 2017 white American families had in total likely less than $100 trillion dollars. They now have $127 trillion. Large blocks of Black America have no idea the scale of the racial wealth gap, nor how it will impact their lives.
To help you read this chart almost 1/2 of Black wealth is in pensions. Likely almost all held by those that are already retired and above the age of 60. In addition that group may have most of the small Black real estate as well. 🤫💰🤷🏿♂️ Working age Blacks are largely wealthless.
This isn’t a note that indicates any intent of bank robbery. Note: But what you’re seeing is the consequence of working age #ados males being wealthless. No these tellers had no context for us having money.
So @nbcnews and this writer @mfoxcnbc wrote an article about #ados Black America missing out on the $68 trillion transfer of generational wealth because of lack of wills? Again White America now has $127 trillion in wealth. This is #decadentveil nonsense. a.msn.com/0E/en-us/AATUo…
How are these media sites writing on wealth with no idea what the facts are on race & wealth in America? With even less grasp of the history. Black America has little to no wealth. This probate argument is blaming Blacks. And avoiding white theft & oppression. It’s pure ignorance
@nbcnews should remove this article. It switches from overall wealth in the title to an analysis using bad avg family wealth data. No use overall wealth. Almost 1/2 of the tiny amount of Black wealth is pension. Nearly none is liquid. And whites now have $127 trillion in assets.
“One of the groups, Reform LA Jails, in 2019 collected more than $1.4 million, of which $205,000 went to a consulting company owned by Cullors and her spouse Janaya Khan, New York magazine said.” nypost.com/2022/01/31/blm…
We built #ADOS organically on small donations and sacrifice. And got a Harvard research paper that smeared us. What this is saying about BLM if true is an awful undermining of Black politics by this group & it’s leaders. And it created a vacuum sucking the air from Black politics
Almost a year ago I told y’all that a odd titled book and a small credit in Hollywood doesn’t pay for a multi million dollar home. “BLM & Patrisse Cullors Explained - Looking Closer at the Marc Lamont Hill BNC Interview”
This show #succession should have #ados Black Americans livid. 10 years ago I wrote “The Era Within Which American Legacy Rises” & I made clear how life would collapse for Black Americans. Since then white families have taken off & now have $127 trillion. huffpost.com/entry/the-era-…
This isn’t about billionaires like @SenSanders & @ewarren keep pushing. This is about a large chunk of white folks eating everything. 30 percent or about 25 million white families that live like kings. While @barackobama casted #ados to lives of @Uber.
So instead of being livid as #ados we do as we have been for thirty years. Cheer on a celebration of white folks owning everything including our reparative justice claim. And let people tell us healthcare, HBCU, and mass incarceration are a fair exchange for trillions in debt.
So when the California secretary state basically repeats the reparations delineation #ados is anchored upon everyone is silent? @JoyAnnReid@rolandsmartin@aliciagarza need to say she is xenophobic for it as they did us & remain consistent. SAY ITS DIVISIVE NOW. DON’T GO QUIET.
Garza went to the Harvard Kennedy School and full on attacked #ados for this position. It’s clear she should now take that position to the California Secretary of State. Unless there’s more to it? And she doesn’t believe in the position and this was about smearing #ados.
This HKS @aliciagarza was attacking #ados at is the same Harvard Kennedy School that had to retract a full on fraudulent attack on #ados. Coincidence???