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.
Wow this is very inspirational, This couple is my inspiration I’m going out to buy me some boots today so I can pull myself up by my bootstraps, this just truly opened my eyes, listening to him say you’ve gotta get the boots first really helped me to put things into prospective. I’m 52 years young and I’m starting over from scratch I’m a therapist/counselor and I have a degree in Criminal Justice, however I’m making a drastic career change very late In The game as far as age is concerned I’ve seen many others some even older than I make changes successfully as well, until listening to this couple I had kind of fell in the dumps but imma get up brush myself off and oooon I go but i say all that to say listening to this couple really enlightened me eternally and there is no stopping me now, thanks for this video I’ve got to share this video.
Excuses! Every black person I've come across with smells. like they havent taken a shower. And they are rude. While white people ive come across are polite and considerate. And knew how to greet me in my own tongue. = unbiased observation by an east asian who doesn't have to fear being labeled racist.
That's stress sweat....we are always under the gun from our former slave master's. How would you like to work for a company that has the policy..."Last one hired first one fired" mentality towards Black People....when you walk in our shoes just one mile then talk mess...until then....
Don't diversify the 1%, destroy the 1% and distribute wealth equally so that black households own the same amount of wealth as white households and there isn't the vast gap between the poor and the rich. No one should be ridiculously wealthy when millions are struggling to afford food, rent, healthcare etc, regardless of race. It's not an achievement to diversify evil.
It's difficult for blacks, but it's not impossible. They use the generations against us. We are forever young and naïve. We're still in the 1960s when it comes to black rights, just our parents' children. Until their economic situation is taken care of, they won't be truly free or equal.
If CNN says it it must be TRUE! Because CNN NEVER EVER lies we all know that......lol
I love how that 6 cents for ever $1 of "white" wealth they also lumped the Hispanics and the Asian into the "white" category. NICE deck-stacking CNN!!!....../facepalm
Because Sheila Johnson looks like a white lady with a slight tan does that technically make her white or black? I'm confused?
CNN YOU ARE #FAKENEWS!
Well I'll admit I'd be the first in line to do so why? If you ask these folks to invest in your business or help you start up your business....they always give you the "Craps-in-the-bucket" response. They talk to make themselves feel good but they are tempest clouds full of water and nothing else. .but I hear the 1% are manufacturing huge "Eye of Needle's" so they can prove it's easy to go through one! ;) wink
But if any of you are silent Millionaires or Billionaires who wish to work on an idea that will help the black community to stand up on their feet...write me for details...yes you will be spending your money but you will be excited about starting this project. my email address is firstname.lastname@example.org my name is Jeff
I'm not even sure what the big focus is on being a "one percenter" is. If you are 40, you'd have to make 400,000 USD annually. If I made half that, I could generate enough income annually from the amount I didn't spend to allow me to do whatever I wanted anyway. Owning a Lear jet is only cool of you are insanely rich or insane. Rent what you need when you need it.
I could buy whatever house I wanted and whatever car I wanted. Some may think not, but I am more likely to invest $180000 and make the car payments than drop $180000 on a car. TBH, I only would buy a used car that lost 40% of it's value and invest more. That's why some folks have no money. They spend instead of invest.
People cannot distinguish the difference between wants and needs. It's like when I saw an eviction on YouTube. The woman was talking on her land line when he was getting evicted. You can't pay rent, but you still have a phone? They also carried out 4 TV sets. Really?
Generational wealth definitely has an effect, but due diligence, focus, education (not necessarily from school) and a mentor can fast track wealth accumulation.
I'm not white, but my money is green and all people want it.
The true one percent owns and control most if not all the wealth in America. Blacks can only be paper rich because we don't own and control any thing of significant value. Gas, power companies, water, land , stock market, media, transportation are control by the dominate white society
Black people try to invest or do something with your lives instead of doing crime or just sticking will welfare. I have seen every black city and it just look bad. Look at Chicago, Detroit, Cleveland and new Orleans. No one tried at all to do something with their life at all but instead sell drugs or do crime. Look at Africa with every country being poor and not trying to figure it out at all.
How can u be worth millions and still play the vitcim you got there bcs of capitalism wich is collorblind. The only thing a company cares about is how much money you make, they dont care if you're black or white.
Slavery is no longer existent though. There is more opportunity for Blacks to become successful and achieve now, than there has ever been. Is the system perfect? No. Is there probably still racism? Yes. But, the Blacks who have made it, have shown that it is possible to succeed in today's society.
I've been living below the poverty line for a while now and I will tell you, everyone with obscene wealth should be forced to at least *experience* that for a significant amount of time before they are allowed to make any decisions or statements about the world, their entitlement to their luxuries, their personal experiences, etcetera. of whatever race... materialistic 'victory' and 'power' are not the solutions to anything. though I doubt many on this video are of this school of thought...
I mean not NECESSARILY all the time ok... it's a blanket emotional statement but hmu with a response If you want further extrapolation. if not then meh
that said... this type of power and influence seems like a step in the right direction in a society that is completely materialistic without a sense of budging from that. this could elevate society a lot... but i'm just saying I've lived in a very small place w/ many people w/ limited food and resources many times throughout my entire life, and I have one of the *best* qualities of life in the world seeing as the rest of the world lives that way and worse. and I've still helped people out to the most of my ability, providing them with food, shelter, resources in any way that I could muster to share. as a materialist you probably find this foolish and unrealistic but in response to that I will tell you that although i am a fool in much of my life, you are the foolish one, the inhumane one, simply by having so much money and not dedicating your critical thinking skills and *VAST* *resources* towards helping other human beings.
You are literally making the world a worse place to live for EVERYBODY except yourself. Passively, but nonetheless... Jesus Christ.
Bullshit. My family is LDS, they went through hell MORE recently than slavery in the US. Started out with literally nothing and now very successful. Many LDS people are successful because they didnt bitch and blame, they just worked hard and endured!!!
The difference between republican and democrats. Blacks are poor because of history, they were slaves while whites have been making money for generations. Democrats say that it isn’t the blacks fault their ancestors couldn’t earn money that would of been passed down in a sense. Republicans say it is not the whites fault that their ancestors were not slaves and were earning an income.
Blacks are told they can't be nothing and they need government to take care of them. Pull yourself up, sometimes you don't need boots, you have arms, push yourselves up. Blacks need to motivate other blacks, not tell people they are victims.
70% of Americans are living paycheck to paycheck and you want to say their wealth is generational??? Almost everybody that's a millionaire started with zero and worked their way up, they didn't start by running their parent's company. Don't be so arrogant as to say that white people are better off because their grandfather made more money, take some damn responsibility for yourself! If you treat yourself like a victim, you'll find injustice in everything, because you're looking for it.
"Why is the 1% of USA so white? Insert phony sociological term #4,450,200"
Shit, maybe because they're 65% of the population? Because they built the USA? Asians actually make more money than whites do, though. If you make good decisions, upward mobility will happen in this country.
Average IQ for blacks in America is 85. whites is 100. In order for the black race to do better, only the blacks with IQ's higher than 95 should breed. Otherwise, expect lots of failure in the black race.
It’s actually NOT true that wealth is generational... it’s been proven that 70% of wealth is lost by the third generation. This is true in cultures around the world. In the US, the majority of even white Americans receive no inheritance, and a good percentage of those who do blow it.
What is true is that wealth is cultural and is the result of education, opportunities and a success Mindset. Those are the things that successful families pass on that make a difference. Passing on money alone actually is useless without those three things.
Love this video because it features successful black people who model these things. Hopefully they can teach their kids and grandkids not to lose it! And hopefully others who feel the odds are stacked against them can learn from their example.
The white movement is led by very clever people. If you think talking on the internet to vent your frustrations will get blacks anywhere, you have just been fooled again. The answer is in talking face to face. But nobody does this anymore in public.Big brother knows how to keep us divided and weakened. Just some advice from a white guy who is street smart and caring. Hell, there should be 30 times more replies than comments!....
how you got here is they took the land by gunpoint and held you hostage and gave you the scraps let's be honest that's don't beat around the bush. only 25% of so-called Africans came on the boat the rest of you already here
but let's put this in perspective the United States is only 3% of the so-called world. Lol stop being on the defensive and get on the offensive most these people are not happy but Happy because they're able to reflect their money up on you but understand this if the so-called proletarian never knew about rich people they would be happy. Lol PEACE
They will be stereotyped no matter what just on the color of their skin. Even Oprah was profiled overseas when she was not allowed into some boutique. OPRAH! Who in the hell doesn't know Oprah geez! Or maybe the owner did know Oprah, but still didn't want to let her in because she was Black! Black people please, if you're lucky enough to inherit a business from your family, please take care of it with your life! So that the wealth can be passed down to the offspring. I've known people who were lucky like that but they let the business that their parents built go to sh*t! Teach your kids about Business 101 and beyond and to be responsible and serious!
I'm surprised any of US made it....I mean, we ARE A CURSED people until the RETURN of TMH
But it shall come to pass, if thou wilt not hearken unto the voice of the LORD thy God, to observe to do all his commandments and his statutes which I command thee this day; that all these curses shall come upon thee, and overtake thee:
Cursed shalt thou be in the city, and cursed shalt thou be in the field.
Cursed shall be the fruit of thy body, and the fruit of thy land, the increase of thy kine, and the flocks of thy sheep.
Cursed shalt thou be when thou comest in, and cursed shalt thou be when thou goest out.
He shall lend to thee, and thou shalt not lend to him: he shall be the head, and thou shalt be the tail.
Moreover all these curses shall come upon thee, and shall pursue thee, and overtake thee, till thou be destroyed; because thou hearkenedst not unto the voice of the LORD thy God, to keep his commandments and his statutes which he commanded thee:
And they shall be upon thee for a sign and for a wonder, and upon thy seed for ever.
Therefore shalt thou serve thine enemies which the LORD shall send against thee, in hunger, and in thirst, and in nakedness, and in want of all things: and he shall put a yoke of iron upon thy neck, until he have destroyed thee.
Walk in a grocery store and see 100 people shopping. One of them has a business, worked very hard to get where they are and is doing quite nicely thank you, and now employs a few dozen people. Even some of these very employees are in there shopping for their own families, with the gains from their employment. A day off is always good. You might even be one of them, right in the store shopping and look, there's you boss. Hey, boss. Good to see ya. That business owner, that one in a hundred, or two in two hundred or whatever comparable ratio?
That, is your 1%. You see them regularly, in grocery stores, public events, the movies, a mall......and they are not quite the monster you may have been led to believe.
"take down pictures to make it look white, so they wont recognise it as being a black home" No. They take out family photos and all picture frames in general to give the viewer a blank canvas so they can picture themselves in that home, not because people are racist.
even got the nerve to go in front of our Church's shootout people in the church I mean no respect what God are they were shipping and in the so-called church people the Republicans seem to think we don't we're not supposed to say or do anything about that but I have learned that at the end God will take care of all that