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By my back-of-the-napkin math, white America owes black America about 10 trillion dollars in stolen wealth. The are roughly 50 million black Americans out of a
by js2 6y ago
By my back-of-the-napkin math, white America owes black America about 10 trillion dollars in stolen wealth.
The are roughly 50 million black Americans out of a population of 330M. Americans own roughly $100T in wealth. So black Americans should own about 50 / 330 * 100T or $15T. But they currently only own about $5.5T.
We could start by allocating some our our Federal tax dollars to making black Americans whole.
Sources:
- https://www.brookings.edu/blog/up-front/2019/06/25/six-facts-about-wealth-in-the-united-states/ https://www.brookings.edu/blog/up-front/2019/06/25/six-facts...
- https://www.brookings.edu/blog/up-front/2020/02/27/examining-the-black-white-wealth-gap/ https://www.brookings.edu/blog/up-front/2020/02/27/examining...
- https://www.nytimes.com/interactive/2019/08/14/magazine/racial-wealth-gap.html https://www.nytimes.com/interactive/2019/08/14/magazine/raci...
- https://www.economist.com/united-states/2019/04/06/the-black-white-wealth-gap-is-unchanged-after-half-a-century https://www.economist.com/united-states/2019/04/06/the-black...
Edit: downvotes but no replies.
- deleted 6y ago[deleted]
- cylinder 6y agoI believe in reparations but not your methodology (I did not downvote you).