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.
Easy way to fix this:
1) Free copper IUDs to all women starting at age 11, provided through public schools. Then at 18, that service would be provided through free doctors appointments.
2) Free doctors visit after positive pregnancy test and free abortion pills mail delivered without a doctors prescription within the first 9 weeks.
3) An adoption contract that is signed BEFORE the birth of a child, that transfers guardianship to the adopting couple and is non revokable once signed.
Having kids before being financially ready is a guarantee of poverty, a guarantee of no intergenerational wealth, and a strong likelihood of a cycle of poverty. Ensuring people have complete family planning control would eliminate these wealth building problems.
we are here because of Deuteronomy 28 and the curses put on our people the 4th and 5th generation we are that generation people the Hebrews fell after Moses save them check the curses in Deuteronomy 28 it says the Hebrew Israelite we're going to go into slave ships not the African check yourself before you wreck yourself
b**** ass Michael Jordan same thing he don't do s*** for his people he'd rather give 20 million dollars to the Chicago Police Department to lochmoor black people up f****** sellout ask Uncle Tom plenty of crumbs underneath his master's table about a billion dollars of crumbs to be exact right Michael Jordan
and I can guarantee those 1% black people are not doing s*** for our people we're still poor low income so why make a video about this you're in the same boat with the 1% white people you are not exempt and you are white
Okay, I'm black and I think this is a stupid story. Whether you are black or white, you are not entitled to get into this rarefied atmosphere of being in the 1%. It is harder for black people to get into that 1% this is true. But you are not entitled to being in the 1% just because you're black.
It's usually the white old guys that are Greedily thoughtless mean etc an that's not Stereotyping they are .....
I know some pretty well off black people an they are some of the nicest people i know . I'm lower middle class or close to poor an white. not complaining.
These "successful" blacks, Oprah, Jay Z, Beyonce, Michael Jordan are members of the black part of the Illuminati called the Boule. Stop fucking misleading people in believing all black people have a chance of super richness without sacrificing and selling their souls to Satan.
Wrong stereotypes. All answered wrong. Correct = 1% Consumes the most even more than the average 40% and the poor 59% combined. Who the heck need to worry about overpopulation look at how these people consume.
I've heard of black people being used by whites to compete with other blacks. That is a strategy to keep em fighting amongst themselves. Reaching out to more African American is going to bring out progress.
When are we going to realize that wealth is not what you have on the outside it's what you have on the inside of yourself. Remember wealth comes from what your heart desire. That will becomes mans down fall one day.
True: Donald Trump comes to mind. He is so poor; all he has is money. I remember he sat in the White House family quarters all by himself for 6 months... and he just won the Presidency of the United States of America.
I think that is why many give it away on their way out. No one on their death bed wishes for more work hours
I admire the Brown's, they're an example of when Black men aligned themselves with their Black women that are articulate, educated, and wise. Together they were able to gain so much more together. They remind me of my own wonderful parents, my Dad and Mom were bright Black people that believed in working hard and spending frugally. Acquiring property cheap and waiting for the property value to increase. Now my Dad has since passed but he acquired a considerable amount of wealth. He only had a GED and he was a retired government worker and disabled Veteran that served his country. It's doable you may not become a 1%, but together as Black people we can gain a peice of the American pie too.
It irritates me so much when a black person things all of her life is determined by what happened in the past to their forefathers. Elon Musk didn't inherit 19 billion dollars, he accumulated them by working day in day out, sleeping at work, working 100 hours a week for years in a row to the point where he had a breakdown and still pushed through. Stop making race an issue for your own lack of consistency.
It's interesting that people cheer you on when you say the vast majority of the 1% is White. Try saying Jews are disproportionally represented in that category. All of a sudden the vitriol and claims of racism will come your way.
6:32 "people of color who are in job creating positions hire more people of color."
She says that like its positive, imagine if they said that, but with white people. It would be looked at like rasicm.
The late economist Milton Friedman always pointed out most blacks—young and old—had jobs and worked . . . before the era of the minimum wage. Government policy helps to keep blacks poor by keeping them out of the workforce. Work is your way to wealth . . .
I’m an ethnic woman (Asian) and when I see or hear Black folks succeed and come up on top, I am always extremely “satisfied”... the best way to describe it. Maybe I was Black in my previous life because I do get these deja Vu moments as a Black person from time to time. So strange I can’t really explain it. Does anyone go through this too?
Noah+ Congratulations! Your incomprehensible sentence structure proves that YOU are the dummy, with the non-existent 'IQ'! You'd better start honing those crime skills, since you clearly didn't pay much attention in class!
Us blacks need to persist in the effort of removing stereotypes, this means destroying toxic media such as worldstar, love and hip hop, and etc. I can’t find many black tv shows (that are hits, rating wise) where blacks are being portrayed positively. Think of it from this perspective, us humans mostly use the internet and the news to gain knowledge. When all you can find on the internet and news regarding black people is rap, negativity, dumb-assery, etc, how can other people possibly think of us in any way other than savages. We need to open our eyes and wipe away the film of slavey over our lives. We need another movement (non-violent). Instead this movement will focus on legislature that will place more diversity into office. This diversity will enhance today’s laws for the better. Allowing blacks to rise safely into the business world. In my 18 years on this planet I have constantly realized that persistence with a purpose is key. I am willing to step to the plate to help this country, but I can’t do it alone. Please can everyone like this comment so that more people can read this message? Leave comments with positive responses and positive advice.
Not impressed, to be a 1% you have to pull in $389,436 a year. Thats not powerfully or even generationally wealthy. These people have very little power compared to the the .1%.
Holla at me about the .1%, then we're really talking power. These people get laughed at by the truly powerful in society.
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