Black People : Racism Literally Costs America $2 Trillion...Ready to Stop Payment?

Discussion in 'Black People Open Forum' started by Clyde C Coger Jr, Dec 15, 2013.

  1. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Sankofa,



    ...

    Racism Literally Costs America $2 Trillion...Ready to Stop Payment?


    By Donnell Alexander | Takepart.comDecember 13, 2013 7:22 PMTakepart.com

    What we know: Racism has left a vast legacy of violence. Bigotry in America has marginalized a diverse range of minority culture. It dashes the hopes of children.
    What we didn't know: Bias based on race costs the United States a shade under $2 trillion a year.
    A more complete accounting of the toll taken by race-based chauvinism has arrived in the form of a W.K. Kellogg Foundation study that shows fallout from racism slashing the country's wealth. The study, released in October, posits that an income gap resulting in part from racism costs the country $1.9 trillion dollars each year...

    suggested reading:
    http://news.yahoo.com/racism-literally-costs-america-2-trillion-ready-stop-002225118.html

    brown_h0rnet
    Destee
    WARRIOR
    DDW
     
  2. DDW

    DDW Well-Known Member MEMBER

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    I spoke with my mom a couple of weeks ago about a topic similar to this. I believe it 100%. Who knows, the gap may be even bigger. I know over time, that amount is a staggering number. Sometimes I can only shake my head at the things of this world, from history until now. :thumbsdown1:
     
  3. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Yes, racism is the final frontier DDW, and must be confronted:

    BAMN - By Any Means Necessary
    http://destee.com/index.php?threads/bamn-by-any-means-necessary.71970/
     
  4. Destee

    Destee destee.com STAFF

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    if it's cost'n 'em 2 trillion ... they're making 999 trillion from that investment

    everything costs something ... and they've been willing to pay the price ... for hundreds of years

    who wouldn't pay 2 trillion for a 999 trillion return

    has anyone presented a tally on how much money racism has made for them

    if so, you'll find that 2 trillion is nothing ... candy money for their kids ... certainly not a reason to stop

    :heart:

    Destee
     
  5. Angela22

    Angela22 Well-Known Member MEMBER

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    Based on what? Because it costs a lot?

    Some people place race above all things, including money. This has been shown time and time again, on smaller scales, no? They'd refuse service to someone black even though they're the ones losing money and business.

    It doesn't matter if racism seems against their interest for making more money, since their true interest is keeping all others on the outside, and keeping "their kind" on top.

    I think too many like to give them credit for their racism, as if it equates "intelligent" just because they still have so many oppressed.
     
  6. Each1teach1

    Each1teach1 Well-Known Member MEMBER

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    In this case they are getting all they can and canning all they get. These people dont really care whether they can gain more if they lessen the gap. Their focused on survival, because they believe that their survival is hinged on keeping everyone else down while sucking up all the worlds resources. As backward and ridiculous as that sounds that is what they believe and their history proves it. This is why they haved put a 400 plus effort into defaming the image and legacy of Africans the world over. This is the reason why they also put so much effort into destroying ALL the black towns of America which were booming economically in the early part of the last century. In the words of Dr. Welsing these people have a primal and irrational "fear of a black planet', Ironic since no matter what they do they will always be out numbered by black and brown peoples.
     
  7. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Speaking to your question Sister Destee, although the study (The Business Case for Racial Equity) showed no tally on the amount of money earned through racism however; it does indicate that billions result in a net loss of additional income, to what ever amount was earned:


    The earnings gain would translate into $180 billion in additional
    corporate profits, $290 billion in additional federal tax
    revenues, and a potential reduction in the federal
    deficit of $350 billion, or 2.3% of GDP.

    http://hsc.unm.edu/programs/diversity/The_Business_Case_for_Racial_Equity_FINAL.pdf
     
  8. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Precisely, the study bares out that racism is very costly and Donnell did a good job reporting the facts ...



    December 13, 2013ByDonnell Alexander
    [​IMG]
    Donnell Alexander covers politics and sex, sports and popular culture. The Portland-based writer is author of the memoir "Ghetto Celebrity." His work has appeared on ESPN.com and American Public Media, where he originated the "Dock Ellis & the LSD No-No" audio narrative.


    For example, the study reflects on housing discrimination against blacks:

    White families buy homes an average of eight years
    earlier in life than African Americans.14 Whites more often receive financial assistance from their families to support homeownership, allowing them to qualify for lower interest rates and other lending costs. Even when incomes are comparable, racial and
    ethnic minorities own homes with lower values than
    do whites. Houses in neighborhoods with higher
    percentages of minority residents typically have
    lower values and appreciate more slowly. A study of
    homes in Philadelphia found that in areas with higher
    levels of segregation, the home value gap between
    blacks and whites was larger.15 The historical experience of African Americans illustrates how both overt and structural racism have
    led to current housing inequities. During slavery,
    blacks were not allowed to own property, and later
    laws also severely limited the ability of African
    Americans to acquire property until the late 19th century.
    When the 1862 Homestead Act was enacted allowing Americans to buy land as the country was expanding to the West, blacks were still
    not able to purchase land, because they were not
    considered citizens.


    http://hsc.unm.edu/programs/diversity/The_Business_Case_for_Racial_Equity_FINAL.pdf
     
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