Could U.S. Economic Disparity Stem from White Supremacy?

Black wealth is at it's lowest point ever. Could it be that way by design?

According to an essay written by Imaru Jones at Colorlines, “White wealth is double what it was 30 years ago. Black and Latino wealth is at its lowest point ever recorded.”

Jones thinks in order to address the wealth disparity, Americans must address “systemic white supremacy.”

He writes: “White supremacy is a low-level assumption about characteristics that white people allegedly have which transforms inequality between them and everyone else into something natural. It often masks itself as fairness and goes unquestioned as a result. Using this definition, our current tax code is a work of white supremacy.”

Read more at Colorlines.

ACROSS THE WEB
  • K.C Charles

    No. It’s because most blacks -myself included- don’t have a basic knowledge of personal finances. Hard to gain wealth when you don’t have the basics of saving, investing, and other things nailed down. For example, I only recently learned how much of my paycheck should go to rent and how to invest in stocks.

  • Censored

    Duh! When you have a head start with 250 years of wealth from free black labor then it goes without saying that there is a gap that has only widened with time.