Single mothers are way poorer than I thought.

[EndDomination]

All those problems are economic. And could be solved if black folks had some collective vision and fukking dicipline.

Show me the coalition of whites stopping nikkas from becoming real estate agents.

Where is the group of whites forcing young men into foolishness at a young age.

nikkas can download khan academy and learn anything to a collegiate level.

And dont need a safety net if you dont fukk up.

Nikkas could legitimately work around every obstacle in front of them. But steady complaining about white folks money they aint gonna inherit. Hoe shyt.


Folks want things to get better but dont want to change.

Like what is stopping black people from taking white peoples systems applying them to black people and benefitting. Thats what china did.

In 1950 they were the worlds hoe. The japanese had been fukking their women as war prostitutes and the west had them working for peanuts to make cheap goods. Now they about to be a world superpower.

Black folks problem is mental. You got nikkas outchea glorifying poverty. You got nikkas worshipping white jeseus. Got black women telling folks they cant fukk with stable men. Got nikkas living on couches as house husbands giving advice on building shyt.

White folks cant stop china/russia from fukking with them. Can barely keep they economy afloat. Committing suicide to the highest degree and OD like they trying see the wizard.

But somehow they got enough energy to keep they foot on our necks. Really?

If thats the case we some hoes for real.

Collective vision and discipline is useless without structure and systemic quality.

The Coli fantasy of racial and ethnic communities "moving as a unit" is just that - a fantasy.
Systemic forces are the only thing that cause a group change across millions of people.

Are you a near-millionaire? All of this rise-and-grind talk doesn't really go anywhere.

 

[EndDomination]

I read the article and it didn't really have an explanation. It seems like it was written so that those who support people engaging in reckless behavior can point to it and say "see it's not you"

Beyond the babble of "academics" its basic math that a home with 2 working parents will accumulate more wealth than a home being ran by 1 woman or 2 parents maintaining separate homes with the father also contributing a percentage of his income to the mother.

If we factor in rent alone, let's just say each parents rent is $1000 a month for a 2 bedroom since we're talking about the lower classes, that's 12000 dollars a year that could be saved if they lived together. If the parents are married theres no need to get an extra bedroom so the same rent would apply.

So $12,000 a year over 18 years is $216,000 saved. More than enough to pay for college or for a home to be paid off increasing wealth.

And that's not even factoring in the other bills that come with maintaining 2 separate households.

All in all the entire black/white wealth gap (I wanna say it's around $400,000) could be attributed to parents either raising children alone on an insufficient income or 2 parents maintaining separate homes eating away any possible accumulation of wealth for the child(ren).

The wealth gap exists for high-earning Black two-parent households and their adjacent White households.

Black homeowners are given higher mortgage interest rates, are across-the-board given a lower value on their homes, and are still suffering the ill-effects of redlining.

You cannot attribute the Black-White wealth gap to one-parent households.

 

[Will Ross]

Most families are restrictive when it comes to dating and marriage, the "Boule" Black families were at the exact same extremes as other communities when it comes to dating and marriage - the working class and poor Black community is loose, but poor communities tend to be loose as well.

Black wealth is not affected by child support. Stop.

Don't get her pregnant if you can't afford a child, simple.

The state and federal governments did a number on Black homeownership in the United States.
I suggest everyone read the book "Race for Profit" by Keeanga-Yamhatta Taylor she talks about just how much racism undermined the Black community.
The sordid history of housing discrimination in America

Better yet, post poor Asian community stats versus the upper-middle-class Asian stats.

What so sad is that black kids are being born born to single mothers so much that child support is seen as something that is basically normal and not the sign of a broken family.

 

[HellRell804]

The wealth gap exists for high-earning Black two-parent households and their adjacent White households.

Black homeowners are given hire mortgage interest rates, are across-the-board given a lower value on their homes, and are still suffering the ill-effects of redlining.

You cannot attribute the Black-White wealth gap to one-parent households.

How can you not when 70% of black children are born to single mothers?

It might not be solely responsible but it damn sure contributes a lot to the problem.

There is no way to make progress on that front without a shift in culture, it's a long road. The only alternative is to beg someone in power to artificially even the tables

As far as the mortgage rates and property values go we all know as soon as black people get money they move near white people. It's a symbol of status among us to live near white people. When you deplete an area of its highest earners and cripple tax revenue, of course the area will lose value.

And do you have any idea how many people I talk to ages 18 to 35 who have absolutely no idea how credit works? I bet even on this board the people who could actually explain it without googling it is under 10%. Financial literacy is not something that's taught or stressed in black families at all. So many adults with no established credit or bad credit. Is that factored into the higher interest rates for us as a group?

 

[TLR Is Mental Poison]

No

Then stop complaining

You are exactly the kind of person your whole rant was about

 

[TLR Is Mental Poison]

And do you have any idea how many people I talk to ages 18 to 35 who have absolutely no idea how credit works? I bet even on this board the people who could actually explain it without googling it is under 10%. Financial literacy is not something that's taught or stressed in black families at all. So many adults with no established credit or bad credit. Is that factored into the higher interest rates for us as a group?

Yea I mean the decks are stacked against the average person, but financial illiteracy makes shyt 10x worse. If you don't make a lot of money getting bogged down in debt will keep you on that treadmill

But each one teach one.................... can't help everybody but if you can help anybody, do it

 

[Eddy Gordo]

Collective vision and discipline is useless without structure and systemic quality.

The Coli fantasy of racial and ethnic communities "moving as a unit" is just that - a fantasy.
Systemic forces are the only thing that cause a group change across millions of people.

Are you a near-millionaire? All of this rise-and-grind talk doesn't really go anywhere.

Who is gonna build the structure?

How does said structure get built and maintained without vision or discipline?

 

[Eddy Gordo]

Then stop complaining

Make me

 

[Rhyme n Tekniq]

classic show

yo what is this?

I havent seen that dude since the movie Trippin', nikka was funny as fukk

 

[Dameon Farrow]

What kills me is a lot of times people who really want to be parents and could provide a good environment for kids CAN'T. If God is real He is a sick fukk

God certainly has a sick and dark sense of humor. Don't say that from the pulpit though people won't have a sense of humor about you saying God has a sense of humor.

 

[Dameon Farrow]

Read some of the comments.....this discussion went in the direction I pretty much expected to in here.

 

[Dameon Farrow]

US debt won't affect inflation much, and it doesn't look like lowered interest rates will have much of an effect on inflation either - contrary to Econ 101 wisdom.

If printing money had some major effect on inflation we would have seen it by now. It's something the Alex Jones' of the world love to push endlessly but another thing they point out pretty much destroys their fear mongering. The fact that all this shyt is digital. That money in your account? That's a digital balance. A digital ledger if you will. If the cash is actually in your pocket then it's real. Everything else is digital. That debt? Digital. There will come a time where they'll just wipe it out of existence with a click. It'll be an emergency declaration.

 

[EndDomination]

If printing money had some major effect on inflation we would have seen it by now. It's something the Alex Jones' of the world love to push endlessly but another thing they point out pretty much destroys their fear mongering. The fact that all this shyt is digital. That money in your account? That's a digital balance. A digital ledger if you will. If the cash is actually in your pocket then it's real. Everything else is digital. That debt? Digital. There will come a time where they'll just wipe it out of existence with a click. It'll be an emergency declaration.

David Graeber has an incredible book on this called Debt: The First 5000 Years - that's the thing about fringe people who try to toss around vague economics terms with their theories: they're usually incorrect. And in theory, the debt could be erased with a single click, and the massive increase in GDP and productivity would be unparalleled.

 

[EndDomination]

Who is gonna build the structure?

How does said structure get built and maintained without vision or discipline?

The people fighting for systemic change.

I always point to Cooperation Jackson, a real push to change the structure of the political, social, and economic fortunes of African-Americans here in the United States.
Plenty of people have tried for years, but have been largely stymied for years, from the Black Panther Party on back.

 

[Taadow]

Because it's important that people know how they are being heard and percieved. If you don't think men should get equal say without equal responsibility, why for someone arguing for that?

Is that what I was doing?

Is that what he was "arguing for"? "Equal" say?

You want to have a "real" conversation but don't want to be held accountable for the things you say and do.

Here you go again...telling me what I want with no evidence of me wanting it.
Why do you keep doing that??