LogFAQs > #913914030

Taharqa_ posted...

So you ignore the reality of the well documented intergenerational transmission of inequality enacted through policies by the state and Federal government to go..."nuh uh"?

Considering that most millionaires are self-made within a single generation and most whites did not benefit from generations of wealth transfers, I'd say you're exaggerating this concept of transmission of inequality and also understating the role of personal responsibility.

And the evidence shows that the black community is not stuck in intergenerational transmission of inequality like you suggested.

https://www.nielsen.com/us/en/press-room/2016/nielsen-2016-report-black-millennials-close-the-digital-divide.html

89% of African Americans ages 2534 completed high school, compared to 77% of Black Americans ages 55 and older.

21% of African Americans ages 2534 have an associates college degree or higher, versus 17% of those who are 55 and older.

From 2004 20014 the number of Black households with annual incomes of $50,000 - $75,000 increased 18% compared to 2% for the total U.S. For Black households earning $100,000+ annually, the increase between 2004 and 2014 was 95%, compared with 66% for the total population.

The share of Black households with an income less than $25,000 declined from 43% in 2004 to 37% of the total African-American population in 2014.

https://www.nielsen.com/us/en/insights/news/2015/african-americans-are-increasingly-affluent-educated-and-diverse.html

The median income of black households has increased 3.5% over the past three years from 2011-2013, as The Great Recession has waned. During this period, real median household income grew more among African-American households (+$793) than among white households (+$433) and among the total population, according to the U.S. Census.

From 2005-2013, the most recent data available, black income growth outpaced that of non-Hispanic whites at every level above $60,000. During that same time period, the largest increase for black households occurred in the number of households earning over $200,000, with an increase of 138%, compared with an increase of 74% for the total population.

And the percentage of black people who go to college is higher than the percentage of white people who go to college. Etc.