In the U.S. today, the average African-American household owns just 6 cents for every $1 of wealth held by the typical white household, and blacks make up just 1.7% of the top 1% of wealthy Americans. But there are black members of the 1% who are working to change that. Tanzina Vega investigates the historical and contemporary racial barriers to wealth creation in the U.S.
You really are that dense aren't you? Have you even watched the whole video? Do you even know what ACTUAL systemic racism is and how it works in America you dickwad? You really don't see how people of color are marginalized in most jobs and how an overwhelmingly white population of White Americans earn more than the average Black American with the same education. Opening spaces for people who underrepresent a space is not racism. How is wanting more black owned business and opening more jobs for blacks and latinos racism in the condition that they're in despite their being black 1%ers?
Why when I see these statistics, such as blacks being 1.7% of the 1%, or women making up only 20% of the police force, I think "good for them", instead of "it should be X% otherwise a crime has been committed by whites"
Y'know I think those numbers are better than I expected, because of biological reality about the differences between the races and/or sexes.
THRU HISTORY WE WERE HELD BACK HUNDREDS OF YRS EVERYTHING TAKEN ITS A SET UP NOW WE GOTTA WORK LIKE MODERN DAY SLAVES TO HAVE SOMETHN WE WILL NEVER CATCH UP ITS BEEN HUNDREDS OF YRS BEHIND & AMERIKKKA STILL AINT FOR US THIS IS WHY WE KNEEL ON THAT FLAG NOTHING TO DO WITH MILITARY AT ALL INJUSTICES JUSTICE EQUALITY THATS WHY YOU ELITE WHITES ARE EVIL KARMA WATCH OUT ITS A BITCH
The large Majority of White Americans are Genocidal Sociopaths when it comes to the African American Community, They disregard the Economic and Social sabotage directed at the African American Community for the last 400 years and immediately change the subject to other topics. These people are Pure Evil
Thing is, these rich blacks are mostly just hoarding their money and not networking with other rich blacks to form a united black upper class like other groups have.
More importantly, they ALSO aren't using that wealth to help stabilize and elevate their community as a whole by establishing a black financial infrastructure, again, like other groups have. You're only as strong as your weakest links.
I appreciate that the Browns realize that someone helped them along the way. Sure, they had talent, but someone gave them an opportunity to succeed. A lot of talented people, who don't get the same opportunities, die poor.
This piece has a lot of bad info...
Here's a few stats with sources:
-70% of Rich Families Lose Their Wealth by the Second Generation
-64% of American billionaires are self-made. AKA they did NOT inherit.
The narrative of slave-driven profits perpetuating Intergenerational wealth is an absolute myth. Money rarely stays in families for very long for a massive majority of rich folk.
The more research I do the more I understand about wealth creation. I think black people first have to start thinking differently. It isn't easy when all you've known was to just have a job and live paycheck to paycheck.
Generational wealth my ass the carcasians took and stole from or black people. They scammed their way taking from our ancestors until this day. There were rich black peoples until they were beaten lench rape murdered burn alive for the riches the carcasians took and stole from. SO STOP TE BULLSHIT YOU KNOW WHY THE BLACK MAN IS POOR BECAUSE THE CARCASIANS TOOK STOLE AND KILLED. You might have a few that got it honestly but very few. The carcasian raped everything they touch from the Native American all people of color and yet you celebrate thanksgiving chrisyman 4th of july. The rich like j z and so call queen we the small people make the rich by going to see them perform buy their music. Don't get it twisted. 😂
said this years ago scanner Barcodes for Businesses and post offices to track mail. wrote WHITE house and spent money to track my mail Government needs to invest in President Obama was in office I'm being followed for my ideals so I'm typing this in from new Orleans la. 70131
"There's no reason why we can't have more African Americans in the 1%" (paraphrased) -- Yes, there is. Because you keep voting for Democraps who invented ghettos, made Bill Clinton's 'Crime Bill' which disproportionately targeted blacks for non-violent petty drug offenses, and want to keep all minorities in ghettos and still voting for them. And you call any of your community 'Jim Crow' who dares vote against this bullshit. So much of this video is just blatantly wrong and of course it is because it's produced by Fake News Network who is apart of the racist cabal of liberal whites who want to keep non-whites down in poverty. They have a vested interest in it because they generate most of their wealth and power from it.
I can see why! never think about anyone not even self slavery is over I think some begging for it to come back not helping one another ready to judge holding each other back ,and Staealing the Boots out of your house when you go to the store and now stopping education, voting,stopping homeownership not wanting you to purchase a Home in 2017 closing my Business hateing one another if you are just trying I was a teenager with kids and changed my way of thinking I was Blessed and hacked at the same time ,nice to see anyone not hacked .
For all of there grate accomplishments and understanding of black folfks in provety , theses are the people who can help advance the disadvantage folks , they know what needs to be done and they have the understanding to do the work , the will to help is missing
IF THEY HELP THEIR KIND IT S ONLY BECAUSE THEY WANT TO HURT AND KILL ALL WHITES.WE WHITE MOST OF US THINK WHAT HAPPENED IS TERRIBLE AND WRONG, BUT MOST ALL BLACKS HATE ALL WHITES AND OPENLY TALK ABOUT KILLING ALL WHITES.WHY HATE A RACE BECAUSE OF WHAT HAPPENED 5 GENERATIONS AGO.THE BLACKS ALL HAVE INHERITED HATE.THEY EILL NEVER REST TILL ALL ARE DEAD.THEY ARE PROUD AND WANT EVERYTHING. WHITES WANT TO JUST LIVE ALL OF US BUT BLACKS HAVE TO HAVE EVERYTHING. BECAUSE THIS GENERATION IF YOU DONT HAVE IT .T.A.K.E. I.T.
But Do The Rich Black CEO's Hire their own If Qualified. But Our Biggest Problem Is Self Hate. It's One Thing To Clean Up Our Act, But to move up in the world And trying to look like white people and look your nose down at your own people, That's where it can get lonely at the so called top. Help Your people who want the same standard of living.
you can never build WEALTH without building a family first. You need a partner not just a wife or husband, then.. generational wealth need to get to a prepared recipient ,somebody who can inherit that wealth and maximize it, and pass it on...
*TWO PARENTS HOUSEHOLD is the main source of wealth, It is just like team work cause: 2 are better than 1... MONEY IS ALWAYS LOOKING FOR A SAFE PLACE TO STAY.*
One thing I see about most non-black americans, especially most white americans....they will watch and even participate in racism every chance they get, and will then become outrageous when we call them out on it. They will pull out the same old cliche "You're always throwing out the race card". Puhhhhhlllleeeaaaasssseeee. That card does not have to be thrown out, it never leaves the table. You guys will say the most racist things, call us niggers ( as if that really offends us, smh) and, sputter and rage about the most nonsensical things and then get angry because we're angry. We don't have time to waste on your untruths. I don't care about the negative, mean spirited comments you post. I read the things you say and it is just sad. So much hate and anger directed at people because of preconceived notions. It's just a horrible way to live. The hate will eat you alive.
If you want to deny that there is a systematic rule to keep black people from advancing, then keep believing that lie. Those that are the elite ruling this country will always have a hand at keeping us at bay...they will never relinquish the wealth and power that they have acquired and they will strive to keep it by any means necessary. Be blind all you want, there's nothing any of you can say that can change that fact, hurt my feelings, or anything else. They want us at each other's throats and you all are to blind and prideful to understand that. A people united is their greatest threat and i cant believe and foolish the majority of people are to see that.
Grow up people. Stop the name calling, stop judging people by skin color. How ridiculous is that? You will find the same stereotypes in all people groups. People are people, people, grow up, smh.
It’s a general rule that ALL REALTORS tell you to take down personal photos. It’s to depersonalize the home so people touring can visualize THEMSELVES there. Nothing to do with people not buying a black person’s home.
Whites are "uber rich" because they had a head start...and when blacks were prospering they either burned down what was created or enlisted Jim Crow. Their tactics have not changed; they just mask them. Nevertheless black power reigns within many not mentioned here.
Um.....I'm white and I don't want to be in the 1%. I consider that to be a MAJOR insult. First of all...the one percent are responsible for most of the misery on this planet. Their agenda is to make sure that they are on top and everyone else.....that means ANYONE who isn't a one percenter....i.e. doesn't matter color of skin, gender, smarts....or anything else....is on the bottom...their ultimate goal is power over all. They have fed fully on wealth. They are full and now they are hungry for power. That means OWNING your power. If you buy the claptrap in this video you are well on your way to giving them all of it. Wake up!!! This has gone beyond skin color, collar color and beyond any typical stereotypes...google the "Cabal" or "1percenter's" or even start contemplating this....when you hear about our nations debt.....do you ever ask yourself to whom do we owe this debt to? Google or youtube some videos on our Federal banking system. We are ALL slaves right now. Until we start informing ourselves. Stop wasting your time listening to our media. They are bought by our controlling 1% and their henchmen; the corporations they own. Inform yourself. Money isn't wrong.....but there is enough on this planet to go around for all to have everything they need. Free energy is already a known technology which the one percent will not allow you to have because it will free you. They are a small minority of very very ultra powerful rich elite. We shall overcome and they will stand accountable for their crimes against humanity. They will get to live out what they have dished out.
PaiNExoTiC, I agree completely with your last reply. That is exactly my problem with the 1%er's. Their objective is to make this a one world order with them on the top and the rest ruled by them on the very bottom. WE will all be equal with each other but very unequal (in terms of power and wealth only) with them. The 1% are the very top rung of wealth in our world. They are a few in number with most of them completely unknown because they make it a point to stay out of the media. They own our banking system, our corporate system and thusly our Government. They make sure that things go their way. I, for one, refuse to be a part of that. I want to see everyone free from this kind of Oligarchial system.
How dare you have a different opinion than me?? Ironically, you are proving my point. Just the mere fact that humans disagree with eachother on worldviews proves my point that everything is subjective and should not be confined to someone's specific way of how life should be. There is no "what's best for all" so might as well give people the freedom to decide for themselves what's best for themselves.
Your view of life is no different than communism. You expect people to push aside their personal goals just to satisfy the goals of someone else's vision lol. We all have our own goals. We are all separate beings. We all have different ways of going about our lives. I'm at no fault of anyone else's life because I make more money than them or because I have a greater head start at life than them or because I happened to be born in this country and they hadn't. Only YOU can change your life in the end. Only YOU can choose how you react to your circumstances. Capitalism is simply a stepping stool for creating the life you want and I think it's def temporary until we have the technology to take over human labor markets. After capitalism, we will resort to some sort of personal-socialism type system where robots serve us and who knows what will happen after that. What new fields and problems will come then.
No one has taught this to me. I base everything I know from my knowledge on economics and common sense. Humans have their own interests/goals and different ways of achieving those interests and goals. The fact is that unless we get non-humans to fulfill the roles of humans, we will not have true prosperity. And as humans, we will ALWAYS create problems for ourselves. Even if we fed everyone on earth, if everyone had a house, if everyone has access to the latest gadgets, whatever... There would be no purpose in life if we didn't have new problems to solve..
The reason Blacks with degrees are poorer than whites without degrees is ONLY because Blacks took out student loans to go to college and now have lots of debt. Those Whites started working and/or went trade school (plumber, electrician, technician etc.) out of high school and therefor were able to save sooner without incurring debt/student loans.
"He was turned down over and over again. They didn't say it was a racial issue but we knew."
Really?? How do you know? May be he wasn't just good enough. If he is your father and you loved him it doesn't mean that he was good at what he did.
White wealth is changing. Whites aren't having as many babies, especially the latest generation. And the opioid epidemic is mainly affecting white america. The landscape is changing and wealth will follow.
this is such a bullshit this so religious and racial harrasment and hate speech , europeans invented things and you want everything for free and claim it to be 1 % you do not have inhertence law you do not have land law , you only play on two fields supply and demand nothing more and all the workers white men europeans or chinese or japanese or ay other must provide cause you are so crazy you parasitic psychopath ,!!
Most of my friends families immigrated with nothing 20-40 years ago, including mine. Over those years the parents got educations, degrees, ended up with decent jobs, property, and vehicles. Sure when they start dying the assets will pass to their children but this is only wealth generated within the past few decades, not wealth passed down generations leading to before the civil war. So first CNN is talking about the 1% wealthy which even if you're white is essentially impossible to achieve, but then lumping in everybody stating black families have $0.06 per $1 of white families is very misleading. I practically don't know anyone who is not an immigrant regardless of their skin color, don't forget from WW2 many white europeans came to north America with absoutly nothing fleeing the Nazi invasion or the communism that followed in areas controlled by Russia post war. You don't end up in a financially beneficial situation from either ww2 or the cold war era.
1) "knowing that it wouldn't matter anyway......" Please read the last sentence of my answer to you.
2) You're the one imputing that "divisive and racist" tone as you have no clue what I intended in my OP.
If you knew all of that, why even bring up the fact that "other African-Americans should start there." Knowing that it wouldn't matter anyway. Your initial statement was intended to be divisive and racist for no reason.
I really don't see the point of this comment. If talking educated is the start of making you wealthy, I know plenty and plenty more of poor Black Americans that should be rich by now. Your statement is totally invalid. I know rich idiots who don't even know about structuring proper subject-verb agreement. Tuh.
I think that a problem in the black community is not only are we judged and thought of poorly and the criminal and education problems we face but there are too many blacks aiming for careers that are unlikely such as pro sports, rappers etc Im not saying not to go for your dream but make sure you have a back up plan. For example me, my father and my mother arent together I live with my mother in a regular neighborhood but my father (he isn't in the 1 percent) has the money to buy extreme luxuries one of the things he owns is a RR Ghost for example. BUT i dont fully rely on him because i dont know what will happen what if he has his riches stripped away? and i already built my whole plan based off of that id be screwed! But i have sooo many business plans its ridiculous i have plans (smaller) that feed into bigger plans so that way they are realistic and achievable and i feel like more blacks need to do this instead of always trying to beat the odds btw my dad is black and white and my mother is black so i have VERY LITTLE ADVANTAGE IF ANY!
Blacks have a lot crybabys among them. They are loud and obnoxious and claim to speak of behalf of all minorities. Fuck off bitches. I am first generation hispanic. No one can hold me down. If i want it, I'll get it. This video is neither here nor there if you are halfway smart and halfway aware
My personal experience in America is that it is a matter of time before that gap is closed forever. By 1960, only 3% of African-Americans had a college degree, according to the US Bureau of Labour Statistics. By 2010, that figure had risen to 20%, an increase of 4% in just a half a century, compared to 0% for centuries before. Even though the African-Americans are still facing obstacles, their progress since the sixties has been astronomical and still rising. They are joining the middle class in droves, so that today in America, there are actually several African-American billionaires! I met one of them one day, when I was an undergraduate working on my part-time job.
The figures are even more astounding for African-American women. As late as 1955, I am told, the best job a black woman could aspire to was becoming a Domestic. Today, they are running Fortune 500 companies. Think about that for a moment. It is obvious that, had their wealth not been misappropriated during the 300 years or so of their captivity, they would be the wealthiest black people on the planet today.
The video was very insightful, but I found it pretty strange, that they failed to mention Black Wall Street. We need to realize, as black people, that black wealth is not a 21st century phenomenon. This has been looked in the early 1930's and to be very honest more African Americans back then where in the Middle Class, Upper Middle Class, and Upper Class. Also, as a side note some of the examples in the beginning of the video were the typical go to examples they give you. Yet, those black they showed such as, Oprah Winfrey, Michael Jordan, Jay-Z, Beyoncé DO NOT have industries that they are PRIMARY the owner of WITHOUT help from a parenting WHITE company. At least, the black 1% interviewed actually are PRIMARY owners of businesses THEY actually OWN. Side note, I think it's important for African Americans to see a another documentary sequel, which goes into the details of black millionaires and billionaires people in the tech world.
1 min in and it fails... predictably...and completely ... White people could on average earn 3, 4 ,5 etc times as much black people and you could *STILL* have a black majority 1%. Why? *KEY WORD: AVERAGE* If we understand why Oprah and her income doesn't logically represent the income of the average African American, why on earth would anyone think we can say the same thing in reverse? They never seem to notice that by using average income statistics and applying them to something specific like the racial demographic of the 1% they immediately imply a whole lot of other things that fit the same logic that they absolutely don't agree with? By arguing one they imply all the others, even if they hadn't thought of them. If you know you can't use the temperature of a hot oven to tell you the temperature of the room, then it means you also understand why you can't tell how hot your oven is by your room temperature.
So the logic falls apart immediately but then it's even worse than that because even their own logic fails them even if we ignored the fact that it literally debunks itself immediately.
You'd think that at least white people would be the demographic with the highest average income, and yet it isn't! Japanese men have the highest average income! You never hear about that though, you get this meme that's accepted as fact that white men have the highest average income and people get all righteously indignant about how unfair it is when it's not even true. This is what happens when you cherry pick your statistics, forget what you ignored, then build an ideology around the cheery picked statistics.
Notice all I've done is just look at their own logic and their own sources and if it adds up. And you can see that even if we wanted to grant them all their facts and accept their logic, when we try and make it add up it still doesn't work.
Instead of complaining that you are not the wealthiest 1% of humanity, or you don't have as much money as the wealthiest white people, maybe be grateful you get to have freedoms and luxuries that majority of the world doesn't have. If you are born in America, you are not a victim, but instead you have the opportunity to become a millionaire if you are smart enough.
Oh rite on now at least we know a face of one of the 1%ers to be able to wipe off the face of the earth cause they nothing but filthy fucking scum !! Guaranteed she don't do enough to improve the human race ! Just tries to figure out how to get richer ! Wtf do they need with all that money !!!!!! If the 1% gave away 3/4 of there Wealth the world would be on there way to being a better place n it still leaves em with yacht loads of Wealth !! Someone do us all a favour n cleanse the earth of the 1% plz !! Uh oh I better go they prob sending someone after me know cause u can't mess with the 1%ers they run the world !!!! #100% truths