A capitalist solution to reparations...
What slavery has done has allowed whites to control a disproportionate amount of the money supply. Believe it or not it does not matter if there is a significant wealth disparity. A perfect example is a story of somebody that lived in Nicaragua describing their income as being $500. However, everybody else has this depressed income making everything cheap.
Now what if we were to take this country and put them into the United States. It would cause significant problems with regard to affordability. What we naturally do is create areas of poverty to prevent the wealthy from inflating the cost of living. These areas are prone to violent crime, this leads to depressed real estate prices because the only buyers are us.
Legacy wealth* + current income = $
*Biased hiring companies controlled by them, paid for college education at elite universities, paid for cars, financial assets
As you see from the formula, in many cases we have little legacy wealth plus we are denied opportunity at these integrated companies depressing are current income. Unfortunately, we don't have a sovereign area to block wealthy whites from increasing the cost of living. The person building your car or house working at some other job that pays extremely well is white. This is the only viable product available to you. If we lived in our own country the person building the product would be us at a lower wage, resulting in more affordability.
If slavery reparations never materialize, there are ways we can remedy the past. Many African-Americans make the mistake of trying to mimic the lifestyle of whites which leads to bankruptcy and lost equity. They can afford to get a mortgage for 30 years with their legacy wealth protecting them from default.
1. Choosing housing that is more condensed, almost like a homeless shelter.
2. Many African-Americans will choose to rent. I described a method to transfer equity to a renter rather than a rich white landlord, even somebody on Section 8. Many African-Americans get a mortgage that defaults when the economy tanks. They are unable to sell their house and realize the equity when the market has recovered. The 2008 financial crisis is a perfect example of this, where a default always forces a borrower/bank to sell in a down market realizing significant losses and wiping out any equity gains. This method of home ownership would remedy this.
3. Starting more African-American owned businesses utilizing our depressed wages to keep the prices down for us. Imagine a Costco or GM for black people.
4. Expanding unemployment benefits to account for our higher unemployment rate similar to Europe.
5. Pell Grants
What slavery has done has allowed whites to control a disproportionate amount of the money supply. Believe it or not it does not matter if there is a significant wealth disparity. A perfect example is a story of somebody that lived in Nicaragua describing their income as being $500. However, everybody else has this depressed income making everything cheap.
Now what if we were to take this country and put them into the United States. It would cause significant problems with regard to affordability. What we naturally do is create areas of poverty to prevent the wealthy from inflating the cost of living. These areas are prone to violent crime, this leads to depressed real estate prices because the only buyers are us.
Legacy wealth* + current income = $
*Biased hiring companies controlled by them, paid for college education at elite universities, paid for cars, financial assets
As you see from the formula, in many cases we have little legacy wealth plus we are denied opportunity at these integrated companies depressing are current income. Unfortunately, we don't have a sovereign area to block wealthy whites from increasing the cost of living. The person building your car or house working at some other job that pays extremely well is white. This is the only viable product available to you. If we lived in our own country the person building the product would be us at a lower wage, resulting in more affordability.
If slavery reparations never materialize, there are ways we can remedy the past. Many African-Americans make the mistake of trying to mimic the lifestyle of whites which leads to bankruptcy and lost equity. They can afford to get a mortgage for 30 years with their legacy wealth protecting them from default.
1. Choosing housing that is more condensed, almost like a homeless shelter.
2. Many African-Americans will choose to rent. I described a method to transfer equity to a renter rather than a rich white landlord, even somebody on Section 8. Many African-Americans get a mortgage that defaults when the economy tanks. They are unable to sell their house and realize the equity when the market has recovered. The 2008 financial crisis is a perfect example of this, where a default always forces a borrower/bank to sell in a down market realizing significant losses and wiping out any equity gains. This method of home ownership would remedy this.
3. Starting more African-American owned businesses utilizing our depressed wages to keep the prices down for us. Imagine a Costco or GM for black people.
4. Expanding unemployment benefits to account for our higher unemployment rate similar to Europe.
5. Pell Grants
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