Ray From Cleveland
Diamond Member
- Aug 16, 2015
- 97,215
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OK. I am going to show you once again what the cost of your racism is to this country.
“It will end up costing the U.S. economy as much as $1 trillion between now and 2028 for the nation to maintain its longstanding black-white racial wealth gap, according to a report released this month from the global consultancy firm McKinsey & Company. That will be roughly 4 percent of the United States GDP in 2028—just the conservative view, assuming that the wealth growth rates of African Americans will outpace white wealth growth at its current clip of 3 percent to .8 percent annually, said McKinsey. If the gap widens, however, with white wealth growing at a faster rate than black wealth instead, it could end up costing the U.S. $1.5 trillion or 6 percent of GDP according to the firm.”
Your racism will end up costing this country between 4-6 percent of our GDP. That's on top of the percentage of GDP your racism has cost this country since it's founding.
So let me again say this:
Racists are very good at instructing everyone as to the percentage of blacks in the population. And they reach hard to extrapolate exaggerated numbers about crime, often conflating murder with total crime. But somehow, and really it's done on purpose because we are dealing with racists, other important statistical data is not discussed.
Blacks are 13 percent of the American population but have 2.6 percent of the wealth. This did not happen because of laziness. Indeed, the historical records shows that blacks have consistently worked as hard or harder than whites and for far less money, including over 230 years for free. Equality in a capitalist system means we have 13 percent of the wealth. We have 1/5 the wealth we should have in proportion to our population.
Let me break down what white racism has done to this nation. While certain whites gloat about how successful they have been as a race and lecture others about how they have failed, facts show they have created the problems being complained about today. If not for racism everyone would be better off economically, fewer people would be on the public dime, tax revenues would increase at every level with possibly no national deficit or debt. Crime and unemployment would be reduced. More than likely the increased tax revenue could help provide free education and health care to all American citizens. Study after study shoes us that virtually every economic problem we have as a country stems from denying opportunities for people of color due to racism.
So keep on talking stupid white racists. You WILL pay what you owe, or you WILL lose what you got.
It's hard to gain any wealth when you start having kids at 16 and want three or four of them working a menial job. It's also hard to have a chance at any wealth being a single mother with multiple baby daddies.
The failure is not because of the rich white man, the failures are your own.