“Being a black billionaire is not success, it’s a assimilation”

[Voice of Reason]

I wonder whose fukking her

 

[Justin Nitsuj]

I really hate this bytch. She uses her platform for the sole purpose of saying incredibly dumb shyt like most tethers/immigrants does

 

[WIA20XX]

Just like Oprah's school, Throwing money doesn't solve all problems if there's not rock solid management. Just like with Oprah Bron's school is probably a massive finese knowing that he'll throw more money at it.

Look at ye's school people just take their money and do nothing although in Ye's case he was hands on he's just too weird

I threw out the LeBron thing as a jumping off point, but I don't want to derail this thread.

Spending money on better schools is the wrong approach imo. But I'll keep that for a different thread.

 

[Wiseborn]

I threw out the LeBron thing as a jumping off point, but I don't want to derail this thread.

Spending money on better schools is the wrong approach imo. But I'll keep that for a different thread.

I'm shytting on her but she's right. You try to build a real business with Black People and they'll do a Rosewood if they have to so you do have to asimulate even David Steward has a white partner.

Wherever you live and the schools you send your kids to will be majority white so of course they will date them and if you have daughters the first bottom shelfer that smiles at her she's going.

 

[Maude]

This is akin to Mamdani saying that there shouldn’t be billionaires at all.

Technically there is nothing wrong with that statement.
There isn’t really any reason to have billions in the bank. Even having 100mill should set your family up for generations.

THAT BEING SAID— we are in a capitalist society, so a way to measure success is in how much money one has. So I won’t knock someone for being a high achiever in this societal structure. Hell, I’m trying to get some Ms myself.

So being a billionaire is a measure of success.

What’s missing here is that there may be a desire to see black billionaires do more to help the community, especially with the way this country is right now.


I will also note that she’s actually talking about Oprah, not a male billionaire, so I’m glad to see yall keep the same energy in her defense.

High acheiver is doing alot of heavy lifting here. It's like saying we are in a Slavocracy so owning more slaves equals success.
You can't exploit your way to liberation. Black billionaires exist because they extracted wealth from workers just like the white man. Calling that success is accepting the fukked up system instead fighting for one that doesnt need black billionaires to give back to the community because all its needs are met.

 

[2Quik4UHoes]

Didn’t watch the video, but my guess is she’s pointing out that billionaires are mostly psychopathic resource hoarders that have the mental disposition to not want to donate or give back a dime. The billionaires of today aren’t the Carnegie/Rockerfeller types that understood SOME kinda balance had to be maintained.

Billionaires now are totally addicted to resource extraction. No grand libraries or endowments, and Black people joining in on that doesn’t guarantee some altruistic response just cuz they Black. If anything, it’s more likely to bring out the opposite. But if yall think having the Black Boule grow more is where it’s at you’re entitled to that opinion.

 

[DrBanneker]

Didn’t watch the video, but my guess is she’s pointing out that billionaires are mostly psychopathic resource hoarders that have the mental disposition to not want to donate or give back a dime. The billionaires of today aren’t the Carnegie/Rockerfeller types that understood SOME kinda balance had to be maintained.

Billionaires now are totally addicted to resource extraction. No grand libraries or endowments, and Black people joining in on that doesn’t guarantee some altruistic response just cuz they Black. If anything, it’s more likely to bring out the opposite. But if yall think having the Black Boule grow more is where it’s at you’re entitled to that opinion.

I made this post earlier this year. Black billionaires are a sign of the growing Black income inequality, not the saviors that will solve it

I went into some Census data here: Historical Income Tables: Income Inequality

to try to see how the wealth inequality in regards to the Talented Tenth has evolved over time. They don't give the 10th percentile breakout but I estimated it and below is a comparable graph of the share of Black America's aggregate income held by the Talented Tenth (top 10%) and the lowest 75% of Black America

As you can seem, the bottom 75% of Black folks once held substantially more of the community wealth than the combined Talented Tenth but that consistently eroded over time since the Civil Rights Movement, finally flipping soon after the 2008 Global Financial Crisis. The Talented Tenth's share has grown from about 1/3 to around 40% while the Bottom 75%, who once had a shade less than half of the community's wealth, has dropped to 37-38%.

Not only is the Talented Tenth at 40%, the top 5% of Black folks have 24% of Black income (about 1/4) currently where they were once only like 15% in 1967.

Not counting wealth gaps with other groups, Black folks have the highest income inequality of all groups in the US. Does that make the mission of the top (Talented Tenth etc.) more important or are the class divides getting so wide that both sides are disconnecting from each other and will advocate more for their own interests alone?

Here is a full size chart for more clarity

 

[The God Poster]

This is akin to Mamdani saying that there shouldn’t be billionaires at all.

Technically there is nothing wrong with that statement.
There isn’t really any reason to have billions in the bank. Even having 100mill should set your family up for generations.

THAT BEING SAID— we are in a capitalist society, so a way to measure success is in how much money one has. So I won’t knock someone for being a high achiever in this societal structure. Hell, I’m trying to get some Ms myself.

So being a billionaire is a measure of success.

What’s missing here is that there may be a desire to see black billionaires do more to help the community, especially with the way this country is right now.


I will also note that she’s actually talking about Oprah, not a male billionaire, so I’m glad to see yall keep the same energy in her defense.

This is somewhat a problem as this logic has been there for years. At what point do we stop hoping other successful black people save us?

We’ve had plenty of time to put a plan together to force politicians to do their job. Plenty of time to organize within our communities. Instead we’re in this endless loop….

 

[DrBanneker]

This is somewhat a problem as this logic has been there for years. At what point do we stop hoping other successful black people save us?

We’ve had plenty of time to put a plan together to force politicians to do their job. Plenty of time to organize within our communities. Instead we’re in this endless loop….

This. I hate to sound cynical but it seems most high net worth Black folks either

1. Become super booster contributors to the DNC or Democratic candidates/PACs

2. Give back to HBCUs or Black scholarships

3. Start a niche nonprofit

All three of these are good and necessary but a comprehensive all reaching plan to integrate these three and other necessary components, maybe it is there but I haven't seen it. And these are the people who know the most how crucial planning and organization is.

Look at these wealthy people backing MAGA or Jewish/Armenian/Indian causes. They are very organized and far seeing. Why are we missing this?

 

[BlackJesus]

There’s like not even 10 black billionaires in America. She needs to calm down

 

[EBK String]

fake communist babble from a millionare.

She ain’t no damn millionaire.

 

[BlackJesus]

Most of you aren’t even hundred thousand aires and you’re talking about black billionaires like it’s something achievable?

 

[Ukbrotha]

I'm not convinced you can be a billionaire without astronomical levels of parasitic behaviour taking advantage of people.

 

[WIA20XX]

I'm not convinced you can be a billionaire without astronomical levels of parasitic behaviour taking advantage of people.

In this era, a good number of billionaires created software that a whole lot of other people used or paid for. Their only crime was initially being better than everyone else.

Not on the backs of poorly paid workers like Amazon or Wal-Mart.
Not from raping the land like most resource extraction companies.
Not by strong arming other industries/business customers to use your software or hardware like Microsoft or Intel.

Google was just a much better search engine than Yahoo, Lycos, Ask Jeeves, Infoseek, Altavista, etc.

They mostly made money by having businesses bid on ads that were next to their better search results.

The founders were billionaires with the IPO. A lot of the early folks there became millionaires.

There's nothing exploitative about that business model.

It's only after getting a taste did the corporate vampire fangs came out.

 

[Kiyoshi-Dono]

Billionaires shouldn’t exist period
There is no reason for that amount of wealth accumulation while we arguing about universal healthcare and people going without food and shelter
This has absolutely nothing to do with race and more about how fukked this world is and the human race
That asteroid needs to hit this bytch for a hard reset
nikkas defending billionaires and trillionaires with a digital kufi and dashiki gotta be the most dumb smart nikka shyt ever