Staggering US wealth inequality heaps long-term harm on to minority children

[Madrox]

See this is what I am saying. You dismiss the solutions coming from individuals as being a solution for denting the wealth gap. Yet you're pushing waiting for the government to correct the problem. Then you ask who's arguing being idle while waiting for the government?

If the government isn't going to correct the situation in the immediate present or the future. Then what are the solutions for black folk right now without government assistance?

Are we going to tell adults and future adults no matter what you do your efforts won't put a dent in the wealth gap or do we tell them to put in work the to create wealth on your own?

I think this is what it's about going fwd. Recognizing that the government has not and will not look out for us, so the alternative is to demand individual excellence in yourself and teach each other the lessons that we've learned. We've got a gang of examples of this on the board: attorneys, medical professionals, scientists, tradesmen etc.

In this thread gene cisco with the banking/crypto insights, Tito with his investing guidance.

 

[Supersav]

Example of dumb shit

 

[dHustla]

You mean Princes. Lol they are both good. I had some complications and had to be induced early so baby was born at 4lbs now his ass almost 20lbs. He's a big fatty and looks just like his brother did when he was little. My oldest has been like Dennis the menace ever since.

 

[Joe Money]

Example of dumb shit

He stays saying dumb shit. Mr "I'm locked up/they won't let me out".

 

[Tito_Jackson]

He is. Just seems like he has social prejudices that have clouded his reasoning on this topic.

Actually, this is partially true. I do have social prejudices. I know that some of my people just don't give a damn. I am from the "hood" and I work with brothers and sisters from the "hood" regularly. I see the frivolous spending. The lack of priorities. The misdirection of energy and the bad parenting. Yes, white people do these things as well. But I ain't white. I am black so my concern is for my people.

You said "Most wealthy people, PARTICULARLY millionaires." Bruh, if person ain't even got a million dollars OUTSIDE their primary residence, they ain't near wealthy.

And fam, this is 2021, not 1921. The Ivy League barrier isn't a thing any fucking more when the world is in the palm of everyone's hands. You seem to be on some boomer shit. I'm just some fool from Ohio with a felonious background and I'm on zoom meetings every fucking week with millionaires from across the fucking globe.

Guess how many of those millionaires ask me where I went to school? None. Zero. Zilch. Not fucking one. They don't give not one flying fuck.

Paying 50k a year to meet people is some grandpa shit in 2021. Going to have people chasing debt to connect. Jesus.


You see what that cat Tito is on? Debt. Willing to spend 50k a year for antiquated network channels for some employee perks. Bankers/elite used to own all the connects. What he is saying to do applied for people in their 40s and older, but doesn't apply for young people coming up now. In the 90s, I would have never been able to connect with the people my kids can now. Just wasn't possible unless you got lucky or went to the right schools.

And that's the problem with the black community. Always one fucking step behind the game. It's bad enough white people haven't caught on to the bankers hustle(and we all suffer for it). But to have black folks who haven't and who still believe(and push) antiquated systems is fucked all the way up.

I'm all for education. But folks no longer have to go into debt for it and the networking benefits schools once owned no longer apply in today's world. Meanwhile, the bankers game only going to make quality of life worse for those who don't play the game just like them.

I got those stuffed shirt cats in my family man. They mean well, but they really stuck in their ways.

My brother, you obviously do not understand money and wealth. A person can earn $50K a year and be more wealthy than a millionaire or some who earns a million dollars per year.

Regarding going in debt for my Ivy, I actually was awarded a merit scholarship then earned another diversity scholarship when I got there. So, my Ivy tuition was near zero and will be fully paid off this year.

I will address your Ivy network delusion below.

Ivy league ain't shit but validation like the Oscars and Grammys and anything else white people deem as the pinnacle

If a person attended an Ivy and hasn't been able to advance via the network, then you are doing it wrong. Whether you get it or not, these old white living in the past men that you speak of are still in positions of power. And if you are in circles where you do not see these men, then you are too far down to see.

Attending an Ivy opens doors that are closed to most people. It provides instant credibility even if you do not know ish.

Again, if a person attended an Ivy Leagye program and doesn't take advantage of the network, then that's on them.

Furthermore, one major that I see as a repeated issue is that most black folks do not understand networking nor do they even know how to properly network. To be successful, and I mean truly successful, you have to network and grow your circle to include individuals that are assets to you. Many of us are too afraid to change our circles at just let some people go.

But these "individuals" don't seem to understand that they're still part of the collective, and are affected by the same issues that affect the collective. As I said earlier, they only compare themselves to baby mamas and niggas in the hood! Ask them to compare themselves to the white people they think they're on the same economic level as. They don't do this because it would be an epiphany for them that they don't want to acknowledge.

Remember when Chris Rock talked about how he thought he'd "made it"? Then he realized he was living next door to a white dentist?

I wouldn't use Chris Rock as the measure of a good sociologist. This is the same dude that got famous cooning in front of white people talking about blacks verses ni%^as.

I will throw up my hand of this back and forth and leave you with this thought. When a plane is crashing it is repeated over and over to secure your face mask first before you attempt to help someone else.

You can never fully help someone until you have helped yourself.

Peace.

 

[Joe Money]

I wouldn't use Chris Rock as the measure of a good sociologist. This is the same dude that got famous cooning in front of white people talking about blacks verses ni%^as.

"I do have social prejudices. I know that some of my people just don't give a damn. I am from the "hood" and I work with brothers and sisters from the "hood" regularly. I see the frivolous spending. The lack of priorities. The misdirection of energy and the bad parenting."

Ok. Sounds just like Rock talking about "Blacks vs n%^as" to me.

I'm coming with research and empirical data and you're responding with anecdote.

I will throw up my hand of this back and forth and leave you with this thought. When a plane is crashing it is repeated over and over to secure your face mask first before you attempt to help someone else.

You can never fully help someone until you have helped yourself.

Peace.

No one in this thread has said to NOT help yourself. The repeated point has been that that remediating the wealth gap requires policy changes and government intervention. Ivy League professors like Harvard's William Julius Wilson and professors at elite institutions like Duke's William Darity have stated the same thing. For whatever reasons, you refuse to accept what they have to say on these matters.

 

[Supersav]

"I do have social prejudices. I know that some of my people just don't give a damn. I am from the "hood" and I work with brothers and sisters from the "hood" regularly. I see the frivolous spending. The lack of priorities. The misdirection of energy and the bad parenting."

Ok. Sounds just like Rock talking about "Blacks vs n%^as" to me.

I'm coming with research and empirical data and you're responding with anecdote.



No one in this thread has said to NOT help yourself. The repeated point has been that that remediating the wealth gap requires policy changes and government intervention. Ivy League professors like Harvard's William Julius Wilson and professors at elite institutions like Duke's William Darity have stated the same thing. For whatever reasons, you refuse to accept what they have to say on these matters.

Hard headed..pause

 

[Tito_Jackson]

"I do have social prejudices. I know that some of my people just don't give a damn. I am from the "hood" and I work with brothers and sisters from the "hood" regularly. I see the frivolous spending. The lack of priorities. The misdirection of energy and the bad parenting."

Ok. Sounds just like Rock talking about "Blacks vs n%^as" to me.

I'm coming with research and empirical data and you're responding with anecdote.



No one in this thread has said to NOT help yourself. The repeated point has been that that remediating the wealth gap requires policy changes and government intervention. Ivy League professors like Harvard's William Julius Wilson and professors at elite institutions like Duke's William Darity have stated the same thing. For whatever reasons, you refuse to accept what they have to say on these matters.

Nope, we are all black. The failures of my people are also my failures.

Nonetheless, you can stop now. My position won't change. I told you I agree with all of the data etc. You still don't hear me. My method of helping the group is helping those individuals who want to be helped, starting with my family. You can keep complaining from the stands while the rest of us master the game.

 

[ansatsusha_gouki]

Lol… y’all still arguing with Tito “the Civil War wasn’t mainly about Slavery!” Jackson?

Dude is dumb as shit.

I’m legit bored of these arguments but if you’re not able to connect the dots between centuries of slavery and disenfranchisement (that has literally continued into your own family’s lifetimes) and these outcomes, you might wanna just fuckin end it all

Whats the point of going fwd when you think of yourself like a CAC thinks of you?

 

[Joe Money]

Nope, we are all black. The failures of my people are also my failures.

Nonetheless, you can stop now. My position won't change. I told you I agree with all of the data etc. You still don't hear me. My method of helping the group is helping those individuals who want to be helped, starting with my family. You can keep complaining from the stands while the rest of us master the game.

Hey, it's all good. As long as you're aware of the cognitive dissonance of what you're saying.

 

[dHustla]

You mean Princes. Lol they are both good. I had some complications and had to be induced early so baby was born at 4lbs now his ass almost 20lbs. He's a big fatty and looks just like his brother did when he was little. My oldest has been like Dennis the menace ever since.

I didn't know you were expecting again! Congrats!
Y'all were busy over there during the lockdown!

 

[sharkbait28]

I have fully taken this into account. My response is still the same, what is stopping you or any other black person from doing the things within your power to do? Do better in school. Buy a starter home. Invest money. Spend less. Learn a new skill.

This is our fundamental disagreement. We have to encourage our youth to work hard at all costs. Period. We have to encourage our youth to overcome these "factors" you speak of no matter how hard it may seem. We also have to assist our youth in overcoming these factors and not allowing them to feel as though they are doing this alone. Our schools have always been underresourced. OK, we know this. What are we going to do? Feel sorry for ourselves and do nothing. Are we just going to wait for "whitey" to one decide to help us? (That Lift Every Voice Plan is doing wonders for us right now.) Or are we going to do what we have been doing for years, attempting to succeed despite to adversities?

You have too much focus on whitey. As long as we breathe, in this society, someone is going to make money off of you in some capacity. Knowing the "game," why not teach and encourage our brothers and sisters to maximize his or her position while playing the game? Be a nurse, doctor, scientist, IT, contractor, electrician, plumber, etc. Any of these jobs will put a black person WELL above the median income level for black folks. The white man can not stop you from achieving this. Invest $25 a week. How can the white man stop you from doing this? In today's market ANYONE, get an extra job at McD's and invest the entire paycheck. How can the white man stop you from doing this? Fix your credit save a few dollars and buy a starter home. How can the white man stop you from doing this in 2021?

The white man isn't stopping us, it's many black men and their poor attitude.

I have zero tolerance for any brother or sister who does not believe that we are capable of much more than we are doing at this present moment.

Again, we have to ask ourselves, despite what I know about racism etc, what am I doing to contribute to my own demise? What could I be doing right now to improve my situation?

Ah, the resident thread derailer. Never anything of substance.

I maintain my position that the Civil War was a 'Bankers War" instigated by the Rothchild's, who created and still owns the Federal Reserve Bank. Why did they want/ need a war? Because the US at the time was against a national bank and against being beholden to a private bank for money. Nonetheless, because of the Civil War, the bankers achieved their goal. The first national currency was established during the Civil War. The National Bank Act of 1863 was enacted setting the stage for the Federal Reserve. Fast forward to 2021, The "Fed" prints the US currency at a 6.2 cents for every dollar bill and 11.2 cents for every 20 dollar bill. The US also has to pay "interest" on this printed money because we can not directly back it since we do not use gold anymore. Surprised?? That's right, our money is not back by gold or any precious metal anymore. So, for every dollar the US prints, we are more in debt the second it is printed. This is why the Civil War was instigated using slavery as a guise. The ultimate money grab. The US is merely a financial institution for bankers.

But, this level of intellect supersedes your 3rd-grade comprehension. Please take your still thinking Pluto is a planet dumbass somewhere and go mop some floors you scrub. Hit me when you are ready for more right knowledge.

Lol, man I’ve said it before but I legitimately yawn every single time I read the horseshit you post here. How incredibly boring and how embarrassing. Honestly. You know… you might be the most pedantic asshole ever to post on BGOL and that’s actually impressive af tbh given all the contrarian niggas that have furiously typed up a storm in this bitch. Every post you make can be filed under the “Dunning Kruger effect”, you’re so fucking impressed with yourself but your deep ignorance and the quotidian nature of your hottest-hot-takes are as plain as daylight to anyone with a couple of brain cells to rub together.

Take for example all these meaningless platitudes you offer when presented with the reality that there are systemic and institutional reasons for the kind of data presented in the op (the likes of which are ubiquitous and very non-controversial/well studied among actual academics). “Work harder!”, “Stop blaming whitey!”. Real gaps in education, generational wealth, access to opportunity, health, incarceration, hell, even infant mortality which have very real, systemic and institutional origins and which require systemic and institutional REDRESSING are reduced to Tony Robbins style aphorisms in your estimation. Explaining why this is stupid to an ostensibly “black” man who has living family members who couldn’t fully participate in society until 1965 or get a reasonable loan until the 80s (with redlining persisting through the fucking 2000s and likely currently to an extent) feels breathtakingly absurd. And certainly, this would require a broader social and economic critique than can be countenanced by your mealy mouthed appeals to rugged individualism + “pull yourself up by your bootstraps” rhetoric. Of course everyone should work hard. Of course! Of course we should build what we can where we can. But to engage in this retarded conservative rhetoric which presents the status quo as some kind meritocracy is really laughable. Whether you acknowlege it or not this kind of CAC rhetoric asserts that their position is earned and that our position is the result of our own “effort” and/or lack thereof. It’s a truly retarded position for a black person to stake out and is certainly laid bare as complete nonsense with even a cursory interest in history/economics/reality etc.

The irony is that I think we should aim very high. We should achieve and outwork/our hustle everyone. We should over achieve! In my personal life I’m more disciplined and achieved than every “conservative” I’ve ever met in person, so these abursdly sophomoric solutions to systemic problems strike me as even more offensive… especially considering that these kinds of arguments only serve to lionize the status quo. Fuck outta here with your disingenuous bullshit.

As for your fever dreams about what the Civil War was actually about, you’re talking to someone that actually studied Econ beyond 201 and who understands how the horrors of chattel slavery buttressed our entire economy. You might as well be arguing that the moon is made of cheese or that you’re secretly a dragon. There are meds for that kind of shit and I’ll leave that to your therapists. Book an appt and stop wasting everyone’s time with this bullshit.

 

[Supersav]

Lol, man I’ve said it before but I legitimately yawn every single time I read the horseshit you post here. How incredibly boring and how embarrassing. Honestly. You know… you might be the most pedantic asshole ever to post on BGOL and that’s actually impressive af tbh given all the contrarian niggas that have furiously typed up a storm in this bitch. Every post you make can be filed under the “Dunning Kruger effect”, you’re so fucking impressed with yourself but your deep ignorance and the quotidian nature of your hottest-hot-takes are as plain as daylight to anyone with a couple of brain cells to rub together.

Take for example all these meaningless platitudes you offer when presented with the reality that there are systemic and institutional reasons for the kind of data presented in the op (the likes of which are ubiquitous and very non-controversial/well studied among actual academics). “Work harder!”, “Stop blaming whitey!”. Real gaps in education, generational wealth, access to opportunity, health, incarceration, hell, even infant mortality which have very real, systemic and institutional origins and which require systemic and institutional REDRESSING are reduced to Tony Robbins style aphorisms in your estimation. Explaining why this is stupid to an ostensibly “black” man who has living family members who couldn’t fully participate in society until 1965 or get a reasonable loan until the 80s (with redlining persisting through the fucking 2000s and likely currently to an extent) feels breathtakingly absurd. And certainly, this would require a broader social and economic critique than can be countenanced by your mealy mouthed appeals to rugged individualism + “pull yourself up by your bootstraps” rhetoric. Of course everyone should work hard. Of course! Of course we should build what we can where we can. But to engage in this retarded conservative rhetoric which presents the status quo as some of some kind meritocracy is laughable. Whether you acknowlege it or not this kind of CAC rhetoric asserts that their position is earned and that our position is the result of our own “effort” and/or lack thereof. It’s a truly retarded position for a black person to stake out and is certainly laid bare as complete nonsense with even a cursory interest in history/economics/reality etc.

The irony is that I think we should aim very high. We should achieve and outwork/our hustle everyone. We should over achieve! In my personal life I’m more disciplined and achieved than every “conservative” I’ve ever met in person, so these abursdly sophomoric solutions to systemic problems strike me as even more offensive… especially considering that these kinds of arguments only serve to lionize the status quo. Fuck outta here with your disingenuous bullshit.

As for your fever dreams about what the Civil War was actually about, you’re talking to someone that actually studied Econ beyond 201 and who understands how the horrors of chattel slavery buttressed our entire economy. You might as well be arguing that the moon is made of cheese or that you’re secretly a dragon. There are meds for that kind of shit and I’ll leave that to your therapists. Book an appt and stop wasting everyone’s time with this bullshit.

 

[hardawayz16]

Many of us are stuck in neutral because we are too busy worried about the next man.

The average brother who came up out the mud and made a good life for him and his family ain't sitting around in his feelings cause some CAC somewhere is making more money than him.

I've said before the whole wealth gap debate is championed by black upper middle class academics who are resentful of CACs because all those degrees didn't give them the bread they expected. They have no solutions, just request for more money for "studies" that can give you more sad stats a few times a year. Meanwhile Booker T put us up on game 120+ years ago.

Its 2021. If you want a better life the resources are out here in abundance. Stop obsessing over this economic trauma porn and go after it.

 

[MissMighty]

I didn't know you had a second baby. Congratz!!

Oh yeah this one I had on St. Patrick's day. Appreciate it.

I didn't know you were expecting again! Congrats!
Y'all were busy over there during the lockdown!

Nah not really lol but thank you.

 

[Tito_Jackson]

Lol, man I’ve said it before but I legitimately yawn every single time I read the horseshit you post here. How incredibly boring and how embarrassing. Honestly. You know… you might be the most pedantic asshole ever to post on BGOL and that’s actually impressive af tbh given all the contrarian niggas that have furiously typed up a storm in this bitch. Every post you make can be filed under the “Dunning Kruger effect”, you’re so fucking impressed with yourself but your deep ignorance and the quotidian nature of your hottest-hot-takes are as plain as daylight to anyone with a couple of brain cells to rub together.

Take for example all these meaningless platitudes you offer when presented with the reality that there are systemic and institutional reasons for the kind of data presented in the op (the likes of which are ubiquitous and very non-controversial/well studied among actual academics). “Work harder!”, “Stop blaming whitey!”. Real gaps in education, generational wealth, access to opportunity, health, incarceration, hell, even infant mortality which have very real, systemic and institutional origins and which require systemic and institutional REDRESSING are reduced to Tony Robbins style aphorisms in your estimation. Explaining why this is stupid to an ostensibly “black” man who has living family members who couldn’t fully participate in society until 1965 or get a reasonable loan until the 80s (with redlining persisting through the fucking 2000s and likely currently to an extent) feels breathtakingly absurd. And certainly, this would require a broader social and economic critique than can be countenanced by your mealy mouthed appeals to rugged individualism + “pull yourself up by your bootstraps” rhetoric. Of course everyone should work hard. Of course! Of course we should build what we can where we can. But to engage in this retarded conservative rhetoric which presents the status quo as some kind meritocracy is really laughable. Whether you acknowlege it or not this kind of CAC rhetoric asserts that their position is earned and that our position is the result of our own “effort” and/or lack thereof. It’s a truly retarded position for a black person to stake out and is certainly laid bare as complete nonsense with even a cursory interest in history/economics/reality etc.

The irony is that I think we should aim very high. We should achieve and outwork/our hustle everyone. We should over achieve! In my personal life I’m more disciplined and achieved than every “conservative” I’ve ever met in person, so these abursdly sophomoric solutions to systemic problems strike me as even more offensive… especially considering that these kinds of arguments only serve to lionize the status quo. Fuck outta here with your disingenuous bullshit.

As for your fever dreams about what the Civil War was actually about, you’re talking to someone that actually studied Econ beyond 201 and who understands how the horrors of chattel slavery buttressed our entire economy. You might as well be arguing that the moon is made of cheese or that you’re secretly a dragon. There are meds for that kind of shit and I’ll leave that to your therapists. Book an appt and stop wasting everyone’s time with this bullshit.

 

[BigATLslim]

There is no wealth gap this is all by design, the powers that be never ever had the intention of us coming up. Never depend on your enemy to feed you.

Game. Set. Match.

Too much truth.

@Tito_Jackson spoke about putting shame back in our culture and I wholeheartedly agree

The 2 and 3 and 4+ baby mamas and baby daddies needs to stop.

Nobody said stop fucking, but God dammit stop having proof

If you have 2 or more baby mamas or baby daddies and you aren't still with one of them AND/OR you've never been married or engaged

YOU HAVE FAILED

You have failed your children and you are failing your children. You are showing them the new Norm

You are showing your daughters that a man doesn't have to be in the house and you were showing your son's that a man doesn't have to be in the house

They will repeat your failures like you repeated your parents failures

The daughters grow up not having an idea what a real man looks like and your sons grow up not having an idea what a real man looks like.

How is a boy going to be a man if he has no idea what a man looks like? How is a girl going to seek out a man if she has no idea what a man looks like?

Her mother never showed her. Her father wasn't there to show her. Now she is just as lost going out into the world and BOTH her parents are to blame.

Lost children pretending to be adults knowing nothing more than sex...sex, having a job, paying bills- that's all most of them know about being an adult and there is so much more to it

**

Put those drug dealers back into hiding. Nobody's saying that they can't sell drugs. But a Hamsterdam of sorts is needed. Get it out of the open. If it's not in the open I don't give a fuck what you do

**

We need to bring successful examples back to our neighborhoods. Our kids need to see us successful, more successful than their parents.

They need to know that success is actually attainable

Doctors, nurses, purchasers, Contracting officers, lawyers, dentists, professionals. Any career field where you are making more than $40,000 a year Midwest Money (I say midwest money because that money ain't shit in NY or the DMV)

Our children need to see that black people can be successful and they have to be able to touch us and see us as being real people

If you ask your average child in the hood they see success as either being an athlete or Entertainer or sadly a drug dealer because they see that as their only ways out and there are far many other ways out than that

If either of you think “shame” needs to be reinstated in the Black community are clearly not a part of it.

What would make either of you think that shaming, historically, is the way out of this hell hole?

What do you two think racism is?

If anything, we need more African centered psychologists and psychiatrists dispatched into the worst zip codes to repair these humans psyche. This goes for Black people living in the remaining zip codes as well.

Now, I wholeheartedly agree that the evidence of f*cking needs to cease. I have f*cked for over 20 years in Atlanta and am no one’s biological father so far.

Speaking of my location, and my childhood, I was never, EVER short on man role, women role or success role when it comes to paths to success. A lot more of us did than the media projects.

It is actually a dated trope about people in our community. Gen X, which I am in, is responsible for steering Gen Z and millennials.

There is work, but we are good. Quite a few star child and indigo child humans in these two generations.

Nothing in your statement is wrong. Nothing.

I remember watching a movie called Instinct with Anthony Hopkins and Cuba Gooding jr.

In the movie was the silverback gorilla who had been in a cage for 20 years. If I remember correctly, after 10 years they removed the door from his cage and he didn't even notice.

He had been trapped for so long that he stopped thinking about escaping. They removed the door and he stayed in the damn cage

Dwight Mann ain't gotta hold us down anymore because we stay in the cage

Fucking bitches raw that we can't see as a girlfriend or a wife. She's just a wet hole. A nut. Now she's a single mom.

Now he's an absent father that even if he were to see his kids every weekend would still be an absent father because that kid would still be confused on what a man is and what is he to the household.

**

Another part, how many of us know what a good man is?

How many of us know what a good man looks like?

How many of us know what a good man acts like?

How many of us you know how a man is supposed to treat his woman?

How many of us know what a man is supposed to teach his son?

How many of us know what a man is supposed to teach his daughter?

How many of us know how to show our sons and daughters how to treat their mother?

I went down to visit some friends of mine in Fayetteville North Carolina back in January. I stayed with them for three weeks just to get away from home

I watch my friends who are both retired, on 100% disability from the military making just over $3000 a month EACH tax-free.

I saw how they interacted with their children. I saw how they interacted with each other I saw how he treated her and I saw how she treated him. I saw how they solved problems and I saw how they interacted

For the first time in my life I saw a functioning couple over an extended period Of time and I am 44 years old.

That's wild

My parents were married for the first eight years of my life and I never heard them say I love you to each other. I cannot recall them ever kissing on the cheek or the forehead of the lips oh. There was no love there

His last sentence nullified his post.

It is never just a citizens fault that they are poor in America, especially a Black one.

A lot makes sense about what you posted now.

Your perspective is colored by your life experience.

I overwhelmingly grew up with, went to church with and college with Black men from two parent households.

You are either blatantly lying or being disingenuous if you are saying that black high school students graduate at a higher rate than other races. I would love for this to be true, but it is not.

Yes, many of us can and have done so.

Your attitude is, "it is too hard, so why try?" If you really are a teacher, I sincerely hope that you are keeping that perspective to yourself. It has to be instilled into our children, that although the game is rigged against you, you need to work hard or twice as hard if not harder, twice as long if not longer. Do not settle for just ok or average. Strive to be the best. No one owes you anything and do not expect anyone to give you anything.

The kids and adults I mentor all have to learn the following as their mantra.

“I never saw a wild thing sorry for itself. A small bird will drop frozen dead from a bough without ever having felt sorry for itself.”

"If I want it, I will work hard and get it. If I fail, I will try again work harder and get it."

"I am the master of my fate and the captain of my soul."

You read, but you didn’t comprehend.

The OP addressed it so I will leave it.

Let me say, however: individual effort never did, doesn’t and never will trumped a proven set of institutionalized systems.

Study, identify, recognize systems for dismantling.

This will do our people much more good than reinforcing generations old tropes of muling to be successful.

No matter how much of it you do, you nor me or any other Black person is closing the wealth gap collectively.

Systems have to be dismantled for that.

Start here. Challenge your BGOL brethren who say black men should never get married. Who think tearing a woman down and rudely pointing out flaws and whats wrong with her in the most hurtful and embarrassing way possible is somehow going to encourage her to do better and encourage change instead of making her defensive, resentful, and possibly causing her to become depressed and try even less. Who don't want to take on a leadership role, yet want to sit in judgement of every thing and every one who isn't doing as well as they are. Who don't recognize their own failings and how they contribute to all the things they say they despise when it comes to black folks vs other races/cultures.

WHEW, I just about became aroused after reading this post.

I can’t find f*cks within a thousand mile radius of you.

 

[LordSinister]

Some smart and weird people on BGOL

 

[godofwine]

Game. Set. Match.

Too much truth.

If either of you think “shame” needs to be reinstated in the Black community are clearly not a part of it.

What would make either of you think that shaming, historically, is the way out of this hell hole?

What do you two think racism is?

If anything, we need more African centered psychologists and psychiatrists dispatched into the worst zip codes to repair these humans psyche. This goes for Black people living in the remaining zip codes as well.

Now, I wholeheartedly agree that the evidence of f*cking needs to cease. I have f*cked for over 20 years in Atlanta and am no one’s biological father so far.

Speaking of my location, and my childhood, I was never, EVER short on man role, women role or success role when it comes to paths to success. A lot more of us did than the media projects.

It is actually a dated trope about people in our community. Gen X, which I am in, is responsible for steering Gen Z and millennials.

There is work, but we are good. Quite a few star child and indigo child humans in these two generations.

His last sentence nullified his post.

It is never just a citizens fault that they are poor in America, especially a Black one.

A lot makes sense about what you posted now.

Your perspective is colored by your life experience.

I overwhelmingly grew up with, went to church with and college with Black men from two parent households.

You read, but you didn’t comprehend.

The OP addressed it so I will leave it.

Let me say, however: individual effort never did, doesn’t and never will trumped a proven set of institutionalized systems.

Study, identify, recognize systems for dismantling.

This will do our people much more good than reinforcing generations old tropes of muling to be successful.

No matter how much of it you do, you nor me or any other Black person is closing the wealth gap collectively.

Systems have to be dismantled for that.

WHEW, I just about became aroused after reading this post.

I can’t find f*cks within a thousand mile radius of you.

Simply saying that certain things need to stop being accepted or acceptable. Single parenthood is one of them. Babies are largely preventable, and women and men out here having baby after baby with no intention of entering into the family dynamic has to stop being accepted

I don't know if Shame is the right way, but God damn.

Can we have a TV commercial, "If he has more than 2 baby mother or if she has more than 2 baby daddys...DON'T FUCK THEM

 

[BigATLslim]

We need to start with some real reference points of what TO do in this climate, instead of just pointing to what NOT to do....

What are some solutions for us, the everyday black man / family to still move forward and hit singles while being cognizant of the larger issues?

What are some of you cats doing in your own lives to overcome the issues you're mentioning?

Man, knowledge of self.

What are my inate, or procured, gifts?

What are my blind spots?

What am I doing to make all of it work in my favor and love that about myself?

I have been blessed with a great mate!

I stay in a book either about African (American) history, business or health.

Everything else is frivolous unless you have a direct interest in STEM.

This gonna sound wild: ground everyday, plant a garden and meditate.

It can change ya life.

Why stop there though? They also imported all the H-1B Asians to do the white collar jobs instead of training black children for those careers. They create the prison industrial complex thanks to these fool ass coons falling for the drug war and basically begging the cacs to lock people up. At the same time, importing hispanics for the grunts and Asians for the top work.

Now a black leadership fail that allows that to happen without a fight is either the worst case of incompetence, worst case of corruption, or a combination of both. And to this very fucking day the shills on MSNBC, CNN, etc push the same bullshit on the masses. How fools not winning economically cheering for their replacements? And then MOST the replacements basically adopt all the attributes of racism.

It’s simpler than that. It’s indoctrinated at the highest level.

(Pseudo) white power in blackface

Most of what many Blacks aspire to is simply white supremacy with Blackface on it.

We been in trouble, psychologically, for a long long time.

Any so-called black person that is pro-immigrant / pro-globalism is an enemy to the community.

I have a question.

Is an African descended American able to be Pan-Africanist without being pro on these two stances?

Financial literacy. All day, every day. Folks either get down or get the fuck out the way. If that's your wife or husband, so be it. What good is it if you make it and they keep upgrading and spending? So you get 7 figures in the bank, now your SO want's bigger liabilities before your assets can pay for them. Educate them and make sure they stick to the program, or you will bleed out slowly.

Once financial literacy is learned and people understand the game, singles are easy. Bases loaded damn near every fucking time. Especially for young people who don't have to take as much risk as us older folks(40s on up).

Financial literacy is the key to money replicating like a virus. Fuck politics, entertainment, etc. Lock yourself up with books/videos on everything from the markets to taxes to real estate to banking to business and go get it. Got to get your hands dirty and try shit. I don't even keep tabs on shit I read or watch. I just consume all info and apply it. Keep what works for me.

Question, gene Cisco.
Would you say studying the psychology of how Afrocentrism works supersedes finance or should be a dual study?

I’ll expound. When I hit college, I pondered studying finance. I thought I wanted to be a stockbroker.

At the same time, I wanted to understand why the overall African diaspora looked the way it looked, financially and economically, which pushed me to major in international economics.

I just didn’t want to know money, but my (our) relationship to it and that decision set me on a path that I could have never imagined.

We’re f*cked if we don’t wake up yesterday.

Americans spend their money on flossing, and consumption items. Shit ain't going to change....sad reality.

Fixed.

I'm not comfortable with stocks or crypto. Seems like there is so much to learn, that I don't know where to start, but I've been looking into some financial books and stuff. Right now I'm trying to pay down all my credit cards.

I was one of the first, if not the first to talk about crypto on this board.

It is, and can be, a vehicle. Plenty of info in the master thread about crypto.

I am going to pivot into what you may have heard before: invest in yourself.

What appears to come naturally to you? What do you know how to do that you know how to carve a space out for with relatively little competition?

One of the best books I ever read about wealth building is a little known text titled Automatic Wealth by Michael Masterson. Actionable advice about finding a business that is viable and running it from wherever you feel.

The pandemic has only made the book more valuable.

Check the reviews and see if it is for you.

Because if so-called blacks attained affluence, there would be a flip flop in power immediately. We outrank everyone else when the playing field is even and it isn’t close. Why do you think we are the only group of people constantly studied and attacked?

It is already closer to even than most think despite all the constant attacks and oppression. The white power structure is collapsing before our very eyes and you have a large contingent of people trying to help them repair it. Those are the people that were in full support of Biden (and what he represents - globalism, LGBT, pro-white leadership, matriarchal leadership). Political choice is about ideology and none of those ideals lead to success for us.

Once people come to the realization that a lot of people in the so-called black community want the so-called white race to continue to lead society, things will become more clear on what you need to do and how to function.

I posted on BGOL that if people still didn’t get it after 2020, they never would. That statement was truth but fortunately, BGOL is not representative of most of our community (most posters here are approaching retirement age and out of touch).

The biggest advantage that contingent of the community had was being complicit in trying to destroy the future of the “millennial” and “Gen-Z” saddling us with bad advice on life and pushing poor policy to saddle us with debt but technology has become the equalizer. Those that have embraced STEM, have been able bounce back faster and set a foundation to build. Once a foundation is set (whether set through an economic base or in-demand skill set ), entrepreneurship and ownership come into play and once that is achieved and “fuck you money” is there, your thinking will change. This is still hard to overcome because of barriers to entry (racism) but those of us that “get it” have to collaborate with each other to uplift the rest.

I agree with everything except the matriarchal leadership. It is nothing wrong with it, and in our community, it already exist in function just not in title.

It is hidden in America’s overall patriarchal system and never discussed.

We are energy first, so balance in power is key.

 

[xfactor]

What studies can you point to that prove your assertion? Certainly not this one:

Extensive Data Shows Punishing Reach of Racism for Black Boys
MARCH 19, 2018

Black boys raised in America, even in the wealthiest families and living in some of the most well-to-do neighborhoods, still earn less in adulthood than white boys with similar backgrounds, according to a sweeping new study that traced the lives of millions of children.
White boys who grow up rich are likely to remain that way. Black boys raised at the top, however, are more likely to become poor than to stay wealthy in their own adult households.
Most white boys raised in wealthy families will stay rich or upper middle class as adults, but black boys raised in similarly rich households will not.

Even when children grow up next to each other with parents who earn similar incomes, black boys fare worse than white boys in 99 percent of America. And the gaps only worsen in the kind of neighborhoods that promise low poverty and good schools.

According to the study, led by researchers at Stanford, Harvard and the Census Bureau, income inequality between blacks and whites is driven entirely by what is happening among these boys and the men they become. Though black girls and women face deep inequality on many measures, black and white girls from families with comparable earnings attain similar individual incomes as adults.

Large income gaps persist between men — but not women.

Black men consistently earn less than white men, regardless of whether they’re raised poor or rich.

No such income gap exists between black and white women raised in similar households.

“You would have thought at some point you escape the poverty trap,” said Nathaniel Hendren, a Harvard economist and an author of the study.
Black boys — even rich black boys — can seemingly never assume that.

The study, based on anonymous earnings and demographic data for virtually all Americans now in their late 30s, debunks a number of other widely held hypotheses about income inequality. Gaps persisted even when black and white boys grew up in families with the same income, similar family structures, similar education levels and even similar levels of accumulated wealth.

Extensive Data Shows Punishing Reach of Racism for Black Boys (Published 2018)

A study of 20 million children shows the fragility of the American Dream.

www.nytimes.com

Just highlighting this.



But this foundation requires changes in government policy.

Oh I agree - government has a hand in it.
The problem is time. We don’t groom politicians like other groups (the Ford family in TN is one that does) so the options are to groom from birth or have the resources to buy them off and work in our favor.

you have so-called white families that not only groom their kids to be politicians but also elected judges. It is all strategy most of us miss out on.

Another point that was mentioned but not expanded on that I’m working on now is the fall off from the “successful” baby boomers that benefited from Civil Rights era guilt that have children and the kids have less success than the parents. That should not be the case at all but it happens more often than not. I know several brothas that haven’t been on code and bragged at their corporate job about crypto gains or hosted the office at their home (which is bigger than their racist co-workers) only to get fired.

Brothas didn’t move in silence or forgot that envy is one of the top character traits of the so-called white man and woman. I know brothas with a nice ride in corporate America that have to park around the block so their co-workers and boss don’t see it because they know what happens if they get caught

 

[BKF]

Simply saying that certain things need to stop being accepted or acceptable. Single parenthood is one of them. Babies are largely preventable, and women and men out here having baby after baby with no intention of entering into the family dynamic has to stop being accepted

I don't know if Shame is the right way, but God damn.

Can we have a TV commercial, "If he has more than 2 baby mother or if she has more than 2 baby daddys...DON'T FUCK THEM

Showing and teaching your kids to have standards is what it's all about (or what it should be about). We are in the age where everything goes, and everything is accepted.
Dudes (young and old) walking around with their asses hanging out (even in front of grandma). Females (young and old) walking around looking like clowns with their ass, etc...hanging out (even in front of their gandpa).
"We" went from admiring and wanting to be like older folks, to admiring, and wanting to be like younger folk.
Having standard is now looked at as being a bad thing.

 

[Supersav]

Du Bois Declares Socialism a Haven

 

[Supersav]

Showing and teaching your kids to have standards is what it's all about (or what it should be about). We are in the age where everything goes, and everything is accepted.
Dudes (young and old) walking around with their asses handing out (even in front of grandma). Females (yound and old) walking around looking like clowns with their ass, etc...hanging out (even in front of their gandpa).
"We" went front admiring and wanting to be like older folks, to admiring, and wanting to be like younger folk.
Having standard is now looked at as being a bad thing.

More respectability politics bullshit. Whose standards? Who creates the standard?

 

[hardawayz16]

More respectability politics bullshit. Whose standards? Who creates the standard?

The sweet, sweet irony is that the socialism you yearn for requires a level of standards- basic respect for yourself and others.

 

[Supersav]

The sweet, sweet irony is that the socialism you yearn for requires a level of standards- basic respect for yourself and others.

Again who decides the standards? Eurocentric standards? No thanks

 

[Joe Money]

Showing and teaching your kids to have standards is what it's all about (or what it should be about). We are in the age where everything goes, and everything is accepted.
Dudes (young and old) walking around with their asses handing out (even in front of grandma). Females (young and old) walking around looking like clowns with their ass, etc...hanging out (even in front of their gandpa).
"We" went from admiring and wanting to be like older folks, to admiring, and wanting to be like younger folk.
Having standard is now looked at as being a bad thing.

Still does not address the topic at hand.

 

[Camille]

More respectability politics bullshit. Whose standards? Who creates the standard?

I think what some call respectability politics are not respectability politics. Its one thing to say you need to cut your locs to work in corporate america or you aren't good enough to be there. It's another thing to say it's ok to be twerking ass out on top of the tables in a family restaurant and if someone opposes its respectability politics or slut shaming. Adult actions and behaviors have their time and place, and it's not 24/7 and all environments. There is a time and place for everything, but folks have no filter and no decorum. I don't consider that a white standard. I consider that a standard for public decency, regardless of race.

 

[xfactor]

Du Bois Declares Socialism a Haven

I can’t get down with socialism. Capitalism is fine but the problem is racial oppression. Free market capitalism in its purest form would benefit us more but that can’t happen right now for a variety of “urban economic” reasons.

 

[Supersav]

I can’t get down with socialism. Capitalism is fine but the problem is racial oppression. Free market capitalism in its purest form would benefit us more but that can’t happen right now for a variety of “urban economic” reasons.

Capitalism and racism are conjoined twins

As Martin Luther King said in his critique of capitalism in 1967, “It means ultimately coming to see that the problem of racism, the problem of economic exploitation, and the problem of war are all tied together. These are the triple evils that are interrelated.”

 

[Supersav]

 

[BKF]

Still does not address the topic at hand.

Who said it did? The brother said he doesn't know if shaming is the right way.
To which I said it's about having standards.

 

[BKF]

I think what some call respectability politics are not respectability politics. Its one thing to say you need to cut your locs to work in corporate america or you aren't good enough to be there. It's another thing to say it's ok to be twerking ass out on top of the tables in a family restaurant and if someone opposes its respectability politics or slut shaming. Adult actions and behaviors have their time and place, and it's not 24/7 and all environments. There is a time and place for everything, but folks have no filter and no decorum. I don't consider that a white standard. I consider that a standard for public decency, regardless of race.

Exactly...

 

[gene cisco]

Man, knowledge of self.

What are my image, or procured, gifts?

What are my blind spots?

What am I doing to make all of it work in my favor and love that about myself?

I have been blessed with abgreat

I stay in a book either about African (American) history, business or health.

Everything else is frivolous unless you have a direct interest in STEM.

This gonna sound wild: ground everyday, plant a garden and meditate.

It can change ya life.

It’s simpler than that. It’s indoctrinated at the highest level.

(Pseudo) white power in blackface

Most of what many Blacks aspire to is simply white supremacy with Blackface on it.

We been in trouble, psychologically, for a long long time.

I have a question.

Is an African descended American able to be Pan-Africanist without being pro on these two stances?

Question, gene Cisco.
Would you say studying the psychology of how Afrocentrism works supersedes finance or should be a dual study?

I’ll expound. When I hit college, I pondered studying finance. I thought I wanted to be a stockbroker.

At the same time, I wanted to understand why the overall African diaspora looked the way it looked, financially and economically, which pushed me to major in international economics.

I just didn’t want to know money, but my (our) relationship to it and that decision set me on a path that I could have never imagined.

We’re f*cked if we don’t wake up yesterday.
Fixed.

I was one of the first, if not the first to talk about crypto on this board.

It is, and can be, a vehicle. Plenty of info in the master thread about crypto.

I am going to pivot into what you may have heard before: invest in yourself.

What appears to come naturally to you? What do you know how to do that you know how to carve a space out for with relatively little competition?

One of the best books I ever read about wealth building is a little known text titled Automatic Wealth by Michael Masterson. Actionable advice about finding a business that is viable and running it from wherever you feel.

The pandemic has only made the book more valuable.

Check the reviews and see if it is for you.

I agree with everything except the matriarchal leadership. It is nothing wrong with it, and in our community, it already exist in function just not in title.

It is hidden in America’s overall patriarchal system and never discussed.

We are energy first, so balance in power is key.

Man. I love history. It's just a passion for me. What I now have to admit is it's all basically the same shit on repeat. Humans going to human. Basically, insert humans into a system, shit back, and watch them fuck it up. The smart and cunning will take over. It ALWAYS happens. Humans do anything for power and resources.

Learning any kind of history/movement in-depth is a luxury, not a necessity. Once I give a few examples across time and space of how humans act, a person should get the picture. White supremacy is just a recent manifestation of humans humaning.

Learning finance and how the game works is a necessity. It's where all the time should be spent because while the base game is easy to understand(bankers and elite control shit), the way it manifests itself is complicated as fuck. Seeing through the games being played isn't always easy, but it will give a person a decided advantage over damn near everyone.

People who know about afrocentrism, black history, history in general, and other things of that nature are falling off trees like crab apples. How many of them are winning? They almost always repeat the same cycles. We were told the same bullshit in the 90s by people who didn't understand finance, economics, and that humans going to human.

Why is the community repeating the same mistakes? Politically. Economically. Financially. All of it. Because if you run up on any of these folks and ask them what money is(how it works, is created, etc) 99 out of 100 can't even tell you. They don't really know the game. They also stuck on white supremacy instead of the base layer.

Oh I agree - government has a hand in it.
The problem is time. We don’t groom politicians like other groups (the Ford family in TN is one that does) so the options are to groom from birth or have the resources to buy them off and work in our favor.

you have so-called white families that not only groom their kids to be politicians but also elected judges. It is all strategy most of us miss out on.

Another point that was mentioned but not expanded on that I’m working on now is the fall off from the “successful” baby boomers that benefited from Civil Rights era guilt that have children and the kids have less success than the parents. That should not be the case at all but it happens more often than not. I know several brothas that haven’t been on code and bragged at their corporate job about crypto gains or hosted the office at their home (which is bigger than their racist co-workers) only to get fired.

Brothas didn’t move in silence or forgot that envy is one of the top character traits of the so-called white man and woman. I know brothas with a nice ride in corporate America that have to park around the block so their co-workers and boss don’t see it because they know what happens if they get caught

Politicians are tools, nothing more, nothing less. The masses look at them as heroes and icons. Black community is no different, but then have the additional problem of the token effect. "A black politician, it will be different this time!" Yeah, ask the masses of cacs how that works out for them.

The elite look at politicians like they are fucking hammers, screwdrivers, and wrenches. Which fucking tool to I use to get this problem solved. Swear if I catch my kids idolizing any fucking politician I will ask myself where the fuck I failed.

And yeah, some elites know to stick their own children in the toolbox. It's like having a magical hammer that runs around and does all the nailing for them.

Capitalism and racism are conjoined twins

As Martin Luther King said in his critique of capitalism in 1967, “It means ultimately coming to see that the problem of racism, the problem of economic exploitation, and the problem of war are all tied together. These are the triple evils that are interrelated.”

Again, any system will be fucked up because people going to people. Humans do what they can get away with. What people have to wrap their heads around is that all this advanced society shit is fake. It's not meant for humans to live like this. So no matter what you wrap this shit in, the smart and cunning will rise to the top and take the fuck over. Every damn time.

The key is right in this fucking thread. People winning and teaching others how to win. Then get the puppets(politicians) to leverage for us, not against us. Yeah, we have a loooooong way to go. Capitalism has the best socialism built into it if a person knows the game.

We just have been so fucked over by our politicians and leaders that we have moved from 2nd collectively to 4th. As a community, we are moving backwards. Others are rushing to this country and winning.

 

[BigATLslim]

I'm not simply "dismissing" the solutions you speak of. I'm saying that it's been empirically proven that those solutions DON'T WORK!

Key Findings

• The median black household holds just ten percent of the wealth of median white household, and while blacks constitute thirteen percent of America’s population, they hold less than three percent of its wealth.
• None of the myths commonly offered to explain away the racial wealth gap–a need for greater educational attainment, homeownership, or entrepreneurship; a lack of proper savings behavior, financial literacy, or commitment to “buying and banking black”; or a renewed focus towards soft skills, personal responsibility, improved family structures, or emulating successful minorities–come close to accounting for the vastness of the gap.
• Often these myths aren’t just wrong, but the exact opposite is true. For example, on the topic of savings behavior: “A study conducted by the Institute on Assets and Social Policy using the 2013 Survey of Consumer Finances found that, at comparable levels of income, whites spend 1.3 times more than blacks.” Or, when it comes to prioritizing education, black families tend to be more supportive of children’s education (through direct financial support) than white families in similar households and socioeconomic positions.

Or how about:

• Majority-Black neighborhoods hold $609 billion in owner-occupied housing assets and are home to approximately 10,000 public schools and over 3 million businesses. We find that in the average U.S. metropolitan area, homes in neighborhoods where the share of the population is 50 percent Black are valued at roughly half the price as homes in neighborhoods with no Black residents.
• According to our analysis, differences in home and neighborhood quality do not fully explain the devaluation of homes in Black neighborhoods. Homes of similar quality in neighborhoods with similar amenities are worth 23 percent less ($48,000 per home on average, amounting to $156 billion in cumulative losses) in majority Black neighborhoods, compared to those with very few or no Black residents.
  
  

  The devaluation of assets in Black neighborhoods | Brookings

  Owner-occupied homes in Black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

  www.brookings.edu

Or how about:

A Bad Check for Black America​

Nixon’s embrace of “black capitalism” was a canny move that ultimately decimated the black community and turned the wealth gap into a wealth chasm.​

A Bad Check for Black America - Boston Review

Editor's Note: This essay is adapted from The Color of Money: Black Banks and the Racial Wealth Gap (Harvard University Press). By the time

bostonreview.net

No, we do what we've always done. Make do the best way we can and take advantages of whatever opportunities we can. But don't go around blaming yourself and your own people because of a society and government policies that were set up and designed for you to NOT make it.

It’s this simple.