How have #ados Blacks allowed mythology about effort & opportunity to be sold during an era where in the U.S. they largely live locked out? In 2016 America was the most unequal place in history & white American families had ard $80 trillion. In 2022 white wealth is $125 trillion.
Economist Thomas Piketty, the author of Capital in the Twenty-First Century, in 2016 observed that the level of inequality in the United States — for those who work for a living — “was probably higher than in any other society, at any time in the past, anywhere in the world.”
America is a place where white capital creates Black aberrations primarily through the #decadentveil#nbaplayoffs to project equity in the middle of inequality like never seen. And people then ask #ados to provide reparative & transformative politics while joining in the party.
This is an absolute failure as a program. #ados Black America should be livid. They are not looking at familial wealth they are looking at income. So not only was this already a gift to whites prior to income caps.
But this will exacerbate the cost and double down by cutting out those few Blacks that may barely be making $125,000. And helping family. This whole thing should be shelved until a massive debt of reparations are paid to #ados Black families.
For those first generation college grad Black Americans that are at the edge of this income cut off if this passes with that cut off you will have personal questions to answer?
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.
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”