So your logic is hit back to get even...because we were all alive 150 years ago?
What whites accumulated wealth? The top 1%? Let's punish the other 60-something percent.
I like how you try to make an example of others putting the past on you and then you turn around and do the exact same. That's the new institutionized racism. People freak out over alt-right nazis at hotel buffets but but anti-white attitudes are a-okay. It's ok to be a racist towards whites. It's ok to be anti-white.
And yes, 50 years of affirmative action is enough. That's 3 generations. If you can't do something with your life after 3, what makes you think it will change at 6? 9? In 2 more generations, most people alive in the 60's won't even be alive anymore. I'm not paying for anyone to make up the distance caused by our ancestors. If you want to get payment from the sins of the past, those people are free to try and recoup lost money from the tribal leaders that sold their fellow brothers and sisters to the white slave traders. My ancestors were immigrants with nothing. The vast majority of whites didn't own slaves. Blacks even owned black slaves. But by all means, perpetuate the racist narrative that all whites are responsible for every situation every non-white is in now.
while its true most whites didnt own slaves and a few blacks owned slaves the reality was whites were removed from the institution of slavery. Blacks couldn't own white slaves or even indentured servants
1670 - Free blacks and Native Americans who had been baptized are forbidden to buy Christian servants.
That law forbids free blacks and indians from owning WHITE SERVANTS (christian=white) so while free blacks could own other blacks they couldn't own whites by law...That law effectively makes slavery chattel and also separates whites from nonwhites in the institution... Its the basis for all the race politics played out even today. Add to that all the exclusionary/discriminatory laws and systems that played out over the next 300 YEARS the vast majority of that time benefitting whites in general and white males in particular and you get what you see today.
Nothing happens in a vacuum and the events of yesterday and yesteryear does have an effect on the present and future whether you believe it or not.
Most whites don't have a family fortune. I bought my own house from a job I got by going to college that I paid for. You're right, I have zero tears for people that think they are owed something that occurred when they weren't even alive. Make your own life and quick demanding someone else give you one.
The Racial Wealth Gap: Why A Typical White Household Has 16 Times The Wealth Of A Black One
In absolute terms, the median white household had $111,146 in wealth holdings in 2011, compared to $7,113 for the median black household and $8,348 for the median Latino household. (All figures come from the U.S. Census Bureau Survey of Income and Program Participation.)
This is what is called the racial wealth gap.
Here are the three main factors driving the income gap between white households and black and Hispanic ones.
1. Homeownership
For most U.S. families, a home usually comprises the largest portion of their assets.
“Homeownership is the central vehicle Americans use to store wealth, so homeownership and access to homeownership are at the heart of that widening wealth gap,” says Ruetschlin.
But disparities in homeownership fall along racial and ethnic lines. Seventy-three percent of whites own a home, compared to 47% of Latinos and 45% of blacks.
The median white homeowner’s house is worth $85,800 compared to $50,000 for black homeowners and $48,000 for Latino homeowners.
Education
A college education is all but required to flourish in the labor market, establish financial stability and build wealth. But the gap in college attainment by whites versus blacks and Latinos has widened over the last decade. In 2011, 34% of whites completed a four-year college degree, whereas just 20% of blacks and 13% of Hispanics did.
One obstacle is the surge in college costs over recent years, forcing households to take on significant debt to send student to college.
But obtaining a bachelor’s isn’t enough for a black or Hispanic person to escape the racial wealth gap. The return on investment in college is much higher for whites than for blacks and Hispanics: A white family at the median sees a return of $55,869 from completing a four-year degree. A black family sees $4,846 and an Hispanic family $4,191.
Contributing factors to this disparity are the higher debt students of color may need to take on to attend college and discrimination in the workplace.
“Even if you graduate from college, as a black college graduate, you’re faced with discrimination. So you might have done everything right, achieved the skills you need to succeed, but you won’t see a higher return. The other issue with education is that black college graduates come out with higher debt levels so they start out behind in terms of asset building,” says Ruetschlin.
Labor Markets
Labor markets can provide economic security through earned income, employer-provided health coverage, paid leave and workplace retirement plans. But inequality in the labor market is responsible for 20% of the growth in the racial wealth gap in the last 25 years, and unemployment another 9%.
Disparate outcomes in the labor market can come from employment discrimination, geographic barriers to jobs and differing levels of social capital.
The typical white family earns $50,400, while the typical black family earns $32,038, and the typical Latino family, $36,840.
“In the labor market, the wealth return to a dollar of income is first determined by how much of that income you have the opportunity to save,” says Ruetschlin. “If you are facing a wealth gap of 80 cents for every dollar a white family makes, that makes you 20% less able to put that dollar into savings, because you may need all of those dollars to fill your consumption needs.”
Additionally, black and Latino families earn a lower return on their incomes, meaning they are less able to turn each additional dollar of income into wealth. A white family will typically see a return of $19.51 for each dollar earned, while a black family will see only $4.80 in return and Latino families $3.63.
http://www.forbes.com/sites/laurash...times-the-wealth-of-a-black-one/#3c6c7bc36c5b
thats THIS century....not about slavery or the 60s..the bottom line is as a white person and a white male in particular you benefit (much of it in ways youre not even aware of) from a societal system that's been built on racism whether or not you know it or acknowledge it.