Published in Aug 2017

Distribution of wealth is controlled by politics not education

Never forget. The distribution of wealth is controlled by politics. This inequality was caused by anti-black politics, and now we have a political problem. No amount of education is going to redress this political problem, unless it's an education in power politics.

The study, which uses graphs and figures from The Pew Research Center, says:

“For Black families and other families of color, studying and working hard is not associated with the same levels of wealth amassed among whites. Black families whose heads graduated from college have about 33 percent less wealth than white families whose heads dropped out of high school. The poorest white families—those in the bottom quintile of the income distribution— have slightly more wealth than black families in the middle quintiles of the income distribution. The average black household would have to save 100 percent of their income for three consecutive years to overcome the obstacles to wealth parity by dint of their own savings activity.”


By Maish