There aren't even 400,000 black families worth $1 mil, why do we think we just need to work harder?

[Majestic]

380,000 is basically 400,000

400,000/20,000,000 = 2%

Man we are going thru hell and it's saddens me because i don't know what to do and why did is happening to us.

 

[MalikReloaded]

See a long time ago...a White man came to a slave one day...and said..."If you work harder, you're reward will be in heaven..."

Then a White man came to a sharecropper one day...and said..."If you work hard, you can have your own farm..."

Then a White man came to a maid and a bellhop one day and said..."If you work hard, you can have your own home..."

You see where I am going with this...

Nobody works harder than a slave and a wage laborer...

Nobody...

But for some reason nikkas think if you just work hard and shyt, good things will happen to you, that there is some type of award. Which isn't true, wealth is made through luck and opportunity. Not hardwork. The capabilities to build Wealth is made through innovations in technology which is often publicly funded like the Internet. It is a pity that tax dollars built the internet but only a handful of people are massively reaping the benefits of it and enriching themselves.

If you wasn't into the Transatlantic Slave trade in anyway or form, you was a broke motherfukker...

If you wasn't building factories during the Industrial Revolution, you was a broke motherfukker...

If you wasn't building railroads during the expansion out West, you was a broker motherfukker...

And so and so...

To be rich, to be wealthy under capitalism you must secure the means of production that creates goods and services everything else depends on...

Like right now...

If you wasn't leveraging the Internet to distribute goods and services during the 90s and early 2000s...you gonna be a broke boy...

And being Black...we don't have access to capital that Whites got, so we always gonna be left out...

The only solution to our problem is socialism/communism...and taking capital from White people and distributing it evenly...and stop playing the Zero-Sum game and telling people..."fukk you I got mine, work hard..."

You were doing so well until the bolded

 

[African Peasant]

See a long time ago...a White man came to a slave one day...and said..."If you work harder, you're reward will be in heaven..."

Then a White man came to a sharecropper one day...and said..."If you work hard, you can have your own farm..."

Then a White man came to a maid and a bellhop one day and said..."If you work hard, you can have your own home..."

You see where I am going with this...

Nobody works harder than a slave and a wage laborer...

Nobody...

But for some reason nikkas think if you just work hard and shyt, good things will happen to you, that there is some type of award. Which isn't true, wealth is made through luck and opportunity. Not hardwork. The capabilities to build Wealth is made through innovations in technology which is often publicly funded like the Internet. It is a pity that tax dollars built the internet but only a handful of people are massively reaping the benefits of it and enriching themselves.

If you wasn't into the Transatlantic Slave trade in anyway or form, you was a broke motherfukker...

If you wasn't building factories during the Industrial Revolution, you was a broke motherfukker...

If you wasn't building railroads during the expansion out West, you was a broker motherfukker...

And so and so...

To be rich, to be wealthy under capitalism you must secure the means of production that creates goods and services everything else depends on...

Like right now...

If you wasn't leveraging the Internet to distribute goods and services during the 90s and early 2000s...you gonna be a broke boy...

And being Black...we don't have access to capital that Whites got, so we always gonna be left out...

The only solution to our problem is socialism/communism...and taking capital from White people and distributing it evenly...and stop playing the Zero-Sum game and telling people..."fukk you I got mine, work hard..."

Yep. A lot of people, even here, swallowed those lies about meritocracy.

Hard work might give you a decent life, but if you want an enormous amont of wealth, it's about luck, connection, inheritance, etc.

 

[Majestic]

you outchea talknig about only 400,000 fams worth $1mil... hell the MEDIAN black household income aint even $40k. i think median wealth is $15k... why are you jumping so far ahead? if you figured out that, you'd know your own asnwer

i aint feeling anything you saying...

the rich are getting richer.. its race + class warfare ... and when automation hits in 20 years... shyt... good luck

a civil war will likely break out and the possibly the system of capitalism may collapse. That automation shyt is some fukk shyt. Government needs to intervene cuz its gonna be a really problem.

 

[Easy-E]

Your response doesn't really answer any of the questions I posed.
On top of that evaluations of "wealth" vary depending on who does the study.
I've posted studies that show black wealth in the 40k thousand average, still below white average but more inline with black income, so its a toss up who to believe, but in general I have doubts about claims of black wealth being 4k.

Without the Family Car Black Wealth Barely Exists

You asked what was looked at to determine the stat

This article explains that

This is a dense set of info and it's available to be reviewed

The Fed - Survey of Consumer Finances (SCF)

 

[Rawtid]

We need to work harder at working together.

 

[Majestic]

@some1 shyt will get worse when automation fully comes about. Yo i can't believe rick folks are really pushing for automation? What about human jobs and lives? Only the rich will survive it. I think that will be the time the police turns against the ruling class, cuz when those robot police start rolling out expect outrage. Major intervention needed.

 

[Ya' Cousin Cleon]

Bruh socialism isn't coming lol.

Stanning capitalism is 10x worst and lowkey c00ning but thats another thread

 

[Majestic]

You mentioned reparations in the Bezos thread and I agree that 60 trillion dollars owed to African Americans is the answer. America needs to pay what they owe us.

America isn't going to pay reparations. I know its hard to take.

 

[AlainLocke]

You were doing so well until the bolded

Communism has built 3 different countries out of abject poverty - Russia, China and Vietnam without enslaving people or conquering other people's lands...

And they did this right after having a revolution and facing hostility from the West.

Russia went to the moon before the USA.

China has a bigger economy than the USA.

Only reason the USSR failed is due to the Cold War.

Only reason the Cuba is poor is dur to a USA embargo.

Idk how anybody Black and born of slave heritage can have an aversion to a classless society, where the wealth that is generated by human activity is shared publicly when Black Americans are the greatest victims of capitalism

Being Black and being capitalist is like loving your rapist because you think he truly loves you but expresses it through violence and somehow you can reform him.

A classless society is a humane society.
A capitslistic is not.

 

[Majestic]

Stanning capitalism is 10x worst and lowkey c00ning but thats another thread

Nah dude. Socialism>>>>

But lets be real here we ain't getting socialism. The rulling class and its enforcer will make sure it doesn't happen. They'll use Venezuela and Cuba as an example of socialism failing and how it produces poor quality of life and the American public will eat it up.

 

[EndDomination]

It's not about working harder, it's 100% about working smarter.

This.
One of the biggest pushes to an increase in Black wealth outside of reparations legislation would be a conglomerate of billionaires and high millionaires forcing a chunk of their wealth into Black diasporic development. Create “economic bases” and allow those economies to produce capital that can flow right back into development.
Those endowments from the White billionaire “philanthropist barons” are still creating more wealth.
It’s not just desirable, it’s necessary.
An influx of African diaspora students and a lush to get Black students into HBCUs, w/ strong links to Black high schools, and better first year programmes steering Black students toward desirable fields, is also a necessity.

 

[Easy-E]

Yep. A lot of people, even here, swallowed those lies about meritocracy.

Hard work might give you a decent life, but if you want an enormous amont of wealth, it's about luck, connection, inheritance, etc.

In 2017; hard work will not give you a decent life. Americans are working longer hours for less pay and productivity is down also. Majority of new jobs are part-time.

In 2017 and forward; it's gonna be about inheritance for most black people. God bless the dead, my grandmother died two weeks ago. Born and raised in the South and worked all her life--dealt with Jim Crow. She was able to leave nothing.

Another stat show most of the black people with money are baby boomers (aka ppl from 71 to 52 per Google)

Young people are not making more money and I think people only think that because of #riseandgrind #gettinit #hustle posts on Instagram

We are broke. Ask people how many of their stuff was bought on credit.

This cements the fact that I won't get married or have kids. And give them what? Leave them where?

Again, I hate to bring up Obama, but, look at how many Wall Street people were in his close circle as he did nothing to make sure banks acted more fairly with black people before he bailed them out.

 

[Ya' Cousin Cleon]

Nah dude. Socialism>>>>

But lets be real here we ain't getting socialism. The rulling class and its enforcer will make sure it doesn't happen. They'll use Venezuela and Cuba as an example of socialism failing and how it produces poor quality of life and the American public will eat it up.

Americans have already been indoctrinated since the 30's on alternative economic systems

We have and will continue to build. By any means.

 

[Majestic]

And getting cheated out of wealth for over 100 years too. From the great migration to gentrification...

I don't know we are being oppressd like this? Why can't we just be equal? What do they gain from denying us wealth? I just don't get it man.