Black White And White Wealth Essay

Black White And White Wealth Essay

Length: 1500 words (4.3 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

Nearly sixty years after the end of the Civil Rights Movement, a massive wealth gap continues to exist between Black and White Americans. This disparity began in 1619 with the introduction of black slaves into the American colonies. According to Dalton Conley’s book Being Black, Living in the Red: Race Wealth and Social Policy in America, at the close of the Civil War Black Americans owned .5% of the nation’s wealth; today the number has risen to only 1%.(p.25) The inability of blacks to accumulate wealth was made possible by different forms of institutional racism implemented throughout American history. Melvin Oliver and Thomas Shapiro state in their book Black Wealth/White Wealth, A New Perspective on Racial Inequality, that these systemic biases have cost the current generation alone $82 billion in assets. (p. 159) The American legacy of deprivation coupled with contemporary forms of segregation has prevented blacks from accessing any definitive route to success. The current system of government leaves the black communities underserviced. Allocating funds to create new community outreach libraries will allow blacks to access the education and resources necessary to accumulate assets and close the racial wealth gap.
In order to fund the different resources libraries will provide, a proposition must be enacted that will impose a .008% per cent sales tax on all transactions. This tax will generate an estimated $15 million dollars a year all of which will be allocated to library enhancement. The proposition will be subject to increase every five years and renewal every ten years. The proceeds of said provision will cover the costs of workshop instructors, class materials, computer repairment and other expenses. The proposition w...

... middle of paper ...

...rpose of the Community Outreach Library is to empower the individual through education. Education is one of the few ways Blacks can escape their low social class and begin to accumulate assets. Access to knowledge will allow Blacks to understand the racial wealth gap and how they’ve inherited their socioeconomic position. Both the awareness and the college degrees they have received, through the help of the new libraries, will allow them to further combat institutional racism. Community Outreach Libraries can end Black dependency on government bureaucracies which fail to represent their interests. Instead they allow the Black individual to address the problem through education. In order to achieve these goals, funds must be allocated expand libraries will allow Blacks to access the education and resources necessary to accumulate assets and close the racial wealth gap

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Black Wealth/ White Wealth and The Social Stratification Theory Essay

- Through an analysis of private equity in America, the book Black Wealth/White Wealth published in 1997 by Melvin Oliver and Thomas Shapiro depicts the often-unseen differences in accumulated wealth between whites and blacks. Through their research, Oliver and Shapiro found that the racial disparity of accumulated wealth explains why a large majority of blacks have been unable to rise from the bottom of the social structure. Looking back 52 years ago, we find that Oliver and Shapiro’s findings are given further legitimacy when Melvin Tumin’s critique of Kingsley-Davis and Wilbert Moore’s theory on social stratification is examined....   [tags: Socioeconomics]

Strong Essays
1507 words (4.3 pages)

Black and White People's Contrasting Ideas About Wealth and Happiness Depicted in the Poem Nikki-Rosa

- In the poem “Nikki-Rosa” by Nikki Giovanni, the poet communicates through her childhood memories her belief that white people and black people have fundamentally different ideas about wealth and happiness. Along with her words, she uses structure, tone and imagery to convey her belief that white people and black people see their personal life-experiences differently. Wealth for black people is love, family, and togetherness, not tangible items. A sense of community and acceptance of one another are more valuable than having even a private toilet....   [tags: Nikki-Rosa, poetry]

Strong Essays
697 words (2 pages)

Analysis Of Feagin 's Reading Has A Wealth Of Information About The Origin And Continuation Of The White Racial Frame

- Feagin’s reading has a wealth of information about the origin and continuation of the white racial frame. Much of the information was a refresher for me, yet other information and key points bought to light things I never gave much thought to. For example, I am a strong Christian women with deep religious roots passed down through generations. I was raised in the church as were my parents and their parents and so forth. In the reading, Feagin explains how Christianizing Negros, whom he describes as “creatures” and “barbarians,” will make them willing to work harder for slavemasters and keep them from “magical conversations” with the devil....   [tags: Black people, White people, Race, Racism]

Strong Essays
1619 words (4.6 pages)

Essay on White Privilege And Black Privilege

- White Privilege The belief that white privilege never existed or that it is no longer a problem is skewed by the selective use facts to support this claim. How do we address this problem. We must define the what is is to be privileged, acknowledge the problem and identify a means to fix it. "The idea of privilege- that some people benefit from unearned,and largely unacknowledged, advantages, even when those advantages aren 't discriminatory."(Rothman, 2015) "Race privilege refers to the advantages that people receive because of the color of their skin."(Simpson, 2015) The problem is that those with privilege do not see the problem....   [tags: Race, Black people, White people]

Strong Essays
1040 words (3 pages)

Essay on The Segregation Of Freedom, Wealth, Resources, And Religion

- Thinking about David Walker’s Appeal and gentrification in terms of the segregation of freedom, wealth, resources, and religion, it is clear that life for freed Black people and those still enslaved in the 1800’s were more similar than different. Black folks in both positions still endured the evilness/restriction whiteness placed upon their lifestyles. From an economic standpoint and communal, Black people in America still didn’t have any control over their future nor could they fully protect their community....   [tags: Black people, White people, Race, Slavery]

Strong Essays
794 words (2.3 pages)

Essay on Racial Inequality : America 's Wealth Gap

- Throughout American history the wealth gap has more to do with race than merits or accomplishments. But yet throughout modern years many stereotypes such as blacks do not know how to save for the future, spend more than they make, and consume excessively to explain why they are in the wealth and economic statues they are in. One question that tends to be ask frequently is Well my family came here as poor immigrants and worked hard for what they have, why didn’t your family. (Professor Schloss). The answer to that question on a racial level is the inequality basis in that blacks were not given the same advantages that whites were given....   [tags: Black people, White people, Family, Race]

Strong Essays
703 words (2 pages)

Is Wealth Inequality Good Or Bad For America? Essay

- Time is Money A plethora of research studies exist on the topic of wealth inequality in America. There is no question that the top one percent of earners consume a large portion of wealth in this country while the other 90 percent of earners share the left-overs. Some of the related questions that I found during the course of my research are 1) Why are wealth and income distributions so vastly disproportionate. 2) Can America bridge the wealth gap. 3) If so, how. 4) Has the wealth gap increased over time....   [tags: Economic inequality, Distribution of wealth]

Strong Essays
1440 words (4.1 pages)

The White Black Test Score Fissure Essay

- African Americans currently score lower compared to European Americans on reading, vocabulary, and also mathematics tests. The score is also relatively lower in tests that are asserted to measure intelligence and scholastic aptitude. The gap is evident even before children are admitted to kindergartens and this, in most cases, is seen in adulthood. Even though there have been several changes since early 1970, the usual American black scores under seventy-five percent of the American whites mainly in standardized tests....   [tags: Race, African American, White American]

Strong Essays
1391 words (4 pages)

Essay about White, Gold And Red

- Ellison uses colour such as white, gold and red in order to transmit the story’s themes and issues. White people have power over black people and the use of a gold color demonstrates it: “I would use both hands. I would throw my body against the boys nearest me to block them from the gold” (21). The gold represents the power, the wealth and the prosperity of the white people. Instead of grouping up together against the white, black people continue to fight for the money. And it benefits the whites because as long as they fight each other they will not fight them....   [tags: Black people, Race, White people, South Africa]

Strong Essays
1065 words (3 pages)

Analysis Of The Article ' Black Lives Matter ' Essay

- American is known for its rich culture and diversity. Black lives matter (BLM) is an international activist movement, originating in the African-American community, that campaigns against violence and systemic racism toward black people as defined by google. It was created in 2012 as a call to action for black people after seventeen year old Trayvon Martin was placed on trial for his own murder and the killer, George Zimmerman, was not held accountable for the crime that he had committed. It was a response for the anti-Black racism that still remains in our society and within the movement itself....   [tags: Black people, Race, Racism, White people]

Strong Essays
738 words (2.1 pages)