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Wealth Gap Archives - Institute of the Black World 21st Century

Nancy Pelosi

An open letter to Speaker Nancy Pelosi demanding the passing of HR-40 and calls for a day of action

By Vantage Point Articles

Why We Can’t Wait: Pass HR-40 Now! Vantage Point Articles & Essays By Dr. Ron Daniels Madame Speaker, with a Democratic Majority in the House of Representatives and one of the most consequential elections in the history of this nation slated to occur in a few weeks, it’s time to send a powerful sign to Black voters that Black Lives Matter by passing HR-40 now! 2020 marks thirty-one years since the…

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Black Wealth Gap

The Black Wealth Gap

By Editors' Choice

Decades after the civil rights movement, African Americans still hold a fraction of the wealth of white Americans. Why? Here’s everything you need to know: By The Week — How big is the gap? It’s staggering. The net worth of a typical white family in 2016 — including home, retirement accounts, and all assets — was nearly 10 times greater than that of a Black family, at $171,000 to $17,600….

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The Black Wall Street mural in Tulsa, Okla.

It’s time for wealthy donors to embrace reparations, not more charity

By Reparations

Philanthropy as usual isn’t enough to confront a racial wealth gap that’s exploding during the pandemic. By Edgar Villanueva & Chuck Collins, Market Watch — As the coronavirus rages and the economic fallout continues, the wealth gap between our country’s largely white top 1% and the Black and brown communities bearing the brunt of the pandemic has never been more exposed. U.S. billionaires have increased their wealth by nearly $1 trillion during…

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Reparations protest

How white and non-Black people can pay reparations, even if Congress never figures it out

By Reparations

By Tiffany Lashai Curtis, Business Insider — The murders of George Floyd and other Black Americans this summer reignited the Black Lives Matter movement and prompted high levels of giving to Black organizations. They also prompted renewed calls for reparations from the federal government, though we may not see them in our lifetime. In the meantime, mutual aid groups and individual donations constitute a kind of ‘interpersonal reparations’ and represent…

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New Jersey Governor Phil Murphy

New Jersey Governor’s “Baby Bonds” Plan Is A First Step Towards Closing The Racial Wealth Gap.

By Commentaries/Opinions

Baby bonds are a good start toward changing the discriminatory status quo, but limiting it to New Jersey is shortsighted. By Maurice BP Weeks, The Appeal — New Jersey Governor Phil Murphy dropped a bombshell into the budget he released this month: a proposal to fund “baby bonds,” which would give $1,000 to every baby in the state born to families who make under about $131,000. By the children’s 18th…

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A “redlining” map of Richmond, Virginia, from 1937

Racial Inequities Will Grow Unless We Consciously Work to Eliminate Them

By Editors' Choice

To lessen and reverse the pandemic’s effects on Black families’ income and wealth, consciously consider the persistent effects of the country’s legacy of human trafficking, bondage, and disadvantage. By Kilolo Kijakazi, Jonathan Schwabish and Margaret Simms — The economic fallout from the coronavirus pandemic promises to affect families across the United States and future generations for years to come. The downturn will likely hit African Americans hardest, exacerbating large, long-standing racial wealth gaps. Because these…

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Bill Clinton golfing with his wealthy friends on August 5, 2000, in Martha's Vineyard, MA.

The Racial Wealth Gap Is About the Upper Classes

By Commentaries/Opinions

By Matt Bruenig, Jacobin — In light of the recent resurgence of Black Lives Matter protests, there has been renewed discussion of the racial wealth gap and how to close it (Nikole Hannah-Jones, Annie Lowrey). I have written on this topic many times in the past (I, II, III, IV). One thing I have tried to emphasize over the years, which I will do again here in a different way, is that due to…

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Five generations of a slave family.

American slavery: Separating fact from myth

By Reparations

By Daina Ramey Berry — People think they know everything about slavery in the United States, but they don’t. They think the majority of African slaves came to the American colonies, but they didn’t. They talk about 400 years of slavery, but it wasn’t. They claim all Southerners owned slaves, but they didn’t. Some argue it was all a long time ago, but it wasn’t. Slavery has been in the…

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Dr. Ron Daniels on Our Common Ground with host Janice Graham

Dr. Ron Daniels on Our Common Ground with host Janice Graham

By News & Current Affairs

Audio June 27, 2020, 10PM — “The Black Firewall: Will It Hold?” Janice Graham, host of Our Common Ground talks with Dr. Ron Daniels, Ph.D. , Veteran social and political activist; journalist, professor; President and Founder the Institute of the Black World 21st Century (IBW) About Guest Dr. Ron Daniels Veteran social and political activist Dr. Ron Daniels was an independent candidate for President of the United States in 1992….

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BET founder calls for $14 trillion of reparations for slavery

By Reparations, Video/Audio

Robert Johnson, founder of RLJ Companies and BET, tells CNBC’s “Squawk Box” America must make reparations for slavery in order to address racial inequality. Robert Johnson, founder of Black Entertainment Television, told CNBC on Monday the U.S. government should provide $14 trillion of reparations for slavery to help reduce racial inequality. The wealth divide and police brutality against blacks are at the heart of protests that have erupted across the…

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