Anyways, I think it's worthwhile for this discussion to note Richard Rothstein's "The Making Of Ferguson", a report released shortly after the Michael Brown shooting that discusses how intentional racist public policies in re: housing significantly contributed to where we are today.
It's a long report that's worth the read, and as he notes, when we had several chances to start turning things around and remedying the disconnect between white and black America, we instead opted for scores of public policies that mandated and promoted racial segregation. As a result, white families gained wealth via home-equity in the mid-late 20th century while black families did not, and that wasn't a ****ing accident.
When we talk about increasing black wealth, we're talking about people who have been intentionally robbed of the absolute basics over the course of centuries.
Quote:
Even accounting for home improvement investments that owners of these homes have made since 1952, the capital gain for white homeowners, and their heirs, endures. The federal government’s support for residential segregation in the mid-20th century is largely responsible for the fact that while the median family income of African Americans is now about 60 percent of whites’ income, the median household wealth of African Americans is only about 5 percent of whites’ wealth. This enormous difference translates into differences between blacks and whites in the security and comfort of retirement (and in the obligations of adult children to divert their incomes to support elderly parents), in the ability of young people to attend college, and in the selectivity of the colleges they can afford to attend.
http://www.epi.org/files/2014/making...uson-final.pdf
Ironically, after we
intentionally created heavily-black and poor urban sacrifice zones, people like jmallflush started cultivating negative views of black culture, bastardizing what little social safety net does exist, and worrying what would happen if black people had
too much.