MOTHERFUCKER, THERE WERE ACTUAL FREED SLAVES STILL ALIVE WHEN YOU WERE BORN AND WELL INTO YOUR LATE TEENS
HOW IS YOUR SENSE OF TIME AND PERSPECTIVE SO FUCKED
This shit pisses me off so much. Like dude, they didn’t even have an attempt to establish inter generational wealth
The last surviving freedman died while Joe Biden was running for Senate.
died after a pedestrian accident
Those same boomers are still mad about “taxation without representation” and think of themselves as inheritors of Freedom from the mythical Founding Fathers (hallowed be their names)
AND YOU MOTHERFUCKERS WERE ALSO ALIVE DURING JIM CROW
they not only dismiss the legacy of slavery, imperialism, colonialism, genocide, sexism, racism, segregation, etc. They deny those things are still happening, and they also deny primitive accumulation. Old money families are rich just because they’re smart and frugal. Not because their ancestors killed a bunch of people. No no no, that would be impossible.
deleted by creator
and then they act like they have a deep personal connection with a failed separatist state that lasted 4 years and got completely fuckign rolled
Whats a really fun stat to look out in the gap in generational wealth among poor whites and blacks is a house adjusted for inflation. So the gap in wealth is basicly a house due to red lining and other fun Jim crow era stuff. Really hasn’t ended either actuarial tables don’t describe race but describes poverty stricken areas which effectively recreate red lining but with crime income and various other descriptions. This matters because of how loans and city bonds get evaluated this restricts funding and perpetuates the cycle. Aint that grand.
The entire political treat econmy for America is balanced on who gets access to land so various rents dint wipe away generational wealth. Housing is a speculative asset that Essentially chains Americans to capital as mortgages (death contracts in french) become a tool to disaplin workers as access to loans to get a good rate to buy to build wealth as this helps you escape the lower end of the working class.
If you ever wonder why housing ownership is so valued among workers in America its a way to escape poverty if you can pay it off but its a double edge sword as high prices and unfavorable lending conditions can make you more compliant at work as your fear of losing your property cause constant stress on a household expenses.
