Comments by "Elizabeth Loveland" (@Shineon83) on "USA: Can reparations solve the racial wealth gap? | DW News" video.

  1. One grievously underestimated contributing factor to the “racial wealth gap” is a generalized ignorance regarding basic money management—including basic investing and the importance of savings to future wealth outcomes…. A 2010 study (which is ongoing) comparing the “wealth accumulation” of different groups over time, found that among African Americans, Latinos, and recent Asian immigrants, within ten years, the Asian immigrants had accumulated 15X the wealth of African Americans, and 9X the wealth of Latinos. Particularly striking was the rate of savings between the three groups, with Asians saving, on average, 20% of earned income, Latinos, 12%….and African Americans, less than 2%…. What is important about the above study is that its results mimic other, similar ones….Whatever is decided upon in regards to reparations, serious thought must be put into adding money management courses as a mandatory requirement to a public school education….
    8
  2. It could also raise the question about “reparations “ for the relatives of Union soldiers who lost their lives trying to free Slaves ….
    3
  3. Problem is, the “services” were “rendered” by people long dead (and just as our legal system doesn’t hold relatives responsible for their kin’s illegal acts, how can distant relations benefit from their kin’s actions)?
    2
  4. Is THAT why almost a million folks have run—not walked—away from the State in the last 5 years?
    1
  5. You kind of pointed out the problem : Reparations were paid TO THE INDIVIDUALS who suffered the abdication of their personal freedom directly—not to distant “ancestors”…
    1
  6.  @movingshapes  I would happily compare IQ scores with you, universities attended, etc , but judging from your spelling, your “logic” and your lack of manners…it would be a waste, so listen up : “WHAT” Government are you referring to? “Slavery” was NEVER legalized at the Federal level; it was, at best, tolerated—as long as it remained “in the Southern States.” Are you talking about suing the ex-Confederacy, a particular State, or what? (And, while we’re at it, enact “reparations” for AAs, I can guarantee there will be thousands of lawsuits demanding “reparations” for Union soldiers—who were killed fighting against the institution that caused the South to succeed)….Try using your words like a rational MAN—and not an emotional teenager…
    1