Toddsterpatriot
Diamond Member
Here is one thing we are owed for.
This paper examines the U.S. government’s instigation, participation, authorization, and perpetuation of federal housing discrimination against black Americans from the 1930s to the 1980s and the damage that such discrimination caused and continues to cause today. Delving into the U.S. government’s twentieth century federal housing practices, this paper discusses how the government effectively barred black-Americans from obtaining quality housing and from investing in housing as wealth, while simultaneously subsidizing and endorsing white homeownership, white suburbs, and white wealth. Quantifying the U.S. government’s discriminatory practices with current wealth gaps between white- and black-American communities, this paper discusses the effects of twentieth century federal housing discrimination and argues that such government-initiated wrongs justify black reparations.
Part I examines the U.S. government’s housing practices—from the New Deal until the 1968 Fair Housing Act and its 1988 Amendments—to reveal that although the New Deal’s national housing programs revolutionized homeownership and home equity in the United States, the U.S. government’s federal housing programs were racially discriminatory. Specifically, and quite shockingly, the U.S. government actively created and promulgated racist neighborhood rating systems that constructed black neighborhoods and black property as unstable, volatile, hazardous, and not worthy of investment. Using these racist rating systems, the federal government endorsed racial covenants and invested federal money into the creation and accumulation of white wealth, the value of whiteness, white suburbia, and white homeownership. Meanwhile, the government denied blacks federal housing funding, fueling black stigma and barring black-Americans from the invaluable twentieth century opportunities of homeownership and home equity.
Understanding the U.S. government’s discriminatory housing practices, Part II discusses and quantifies the effects of the government’s housing discrimination on black-American households and communities. Finding that approximately 120 billion 1950s dollars—or more than 1.239 quintillion 2019 dollars—were invested to subsidize and create white-American wealth through homeownership, Part II discusses both the quantifiable and the less quantifiable effects of twentieth century federal housing discrimination. Mapping the impact of the U.S. government’s discriminatory housing practices to the black-white wealth gap, Part II argues that the black-white wealth gap may be attributable, at least in part, to twentieth century federal housing discrimination.
In conclusion, this paper argues in favor of black reparations for the discriminatory U.S. housing practices that persisted from the 1930s to the 1980s—and whose remnants pervasively continue to damage black-American communities today. At a minimum, this paper argues that the U.S. government should compensate black Americans for the 1.239 quintillion dollars of discriminatory federal housing spending. In addition, recognizing the power of wealth accumulation, the U.S. government should consider the grave and lasting impact of its discriminatory housing practices in order to repair the government-initiated wrongs perpetrated merely one generation ago. While black reparations for federal housing discrimination do not speak to or cure the issues of reparations for slavery in the United States, such reparations are one step forward in correcting past wrongs that continue to devastate black-American communities and will continue to haunt our country, if left unrepaired.
And it has nothing to do with 150 years ago, although others have been given what they were owed for things that happened 150 years ago. But here is another one.
Citygroup did a study focusing on U.S. GDP from 2000 until 2020. The study revealed huge losses in GDP due to continuing discrimination against blacks in business revenue, education, housing credit, and income.
“Closing the Black racial wage gap 20 years ago might have provided an additional $2.7 trillion in income available for consumption and investment.
Improving access to housing credit might have added an additional 770,000 Black homeowners over the last 20 years, with combined sales and expenditures adding another $218 billion to GDP over that time.
Facilitating increased access to higher education (college, graduate, and vocational schools) for Black students might have bolstered lifetime incomes that in aggregate sums to $90 to $113 billion.
Providing fair and equitable lending to Black entrepreneurs might have resulted in the creation of an additional $13 trillion in business revenue over the last 20 years. This could have been used for investments in labor, technology, capital equipment, and structures and 6.1 million jobs might have been created per year.”
That sixteen trillion dollars lost from 2000 until this moment amounts to 800 billion dollars in lost GDP per year.
Closing the Racial Inequality Gaps
Our ambition in this report is for this analysis to bring sober perspective as well as hope to our readers as we collectively find substantive and sustainable opportunities to address the gaps we identify.www.citigroup.com
So right now white racism has cost blacks 23.2 trilion dolars in THIS CENTURY. So we aren't talking about 150 years ago, and your punk ass knows it. It is evil to have done what whites have done to us then try twisting yourselves up inventing reasons why you cannot do what is right. This is another reason why some blacks call whites devils.
So ets do the math, shall we?
We are owed $485,355.36 cents EACH in THIS CENTURY for what whites continue doing. So you and every other racist can talk your psychosis rddled bullshit that allows you to deny everything you have been given, but if your race doesnot do what is right, there is going to be a punishment and it's goingto come from a higher power than I, you, or anyone else has. You don't want that, I guarantee. So you can continue to be arrogant and laugh or talk your racist bs, but when the hammer drops on your white asses, just remember that you were warned.
“Closing the Black racial wage gap 20 years ago might have provided an additional $2.7 trillion in income available for consumption and investment.
You can't make white wages, you're too stupid.
