Why Black Wealth Matters In White America
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| Author | : Solomon Rc Ali |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2022-09-27 |
| Genre | : Biography & Autobiography |
| ISBN | : |
Finally, a Book That Tells the Truth About Black Americans and Money: The Making of the American Racial Wealth Gap How Corporate America Benefits from Black Spending The Politics & Policies That Power Systemic Racism Reinventing Our Financial Destiny and Influence Why Black Wealth Matters in White America offers a detailed manifesto that outlines how to achieve Black generational wealth Private equity investor and business visionary Solomon RC Ali made the ultimate financial comeback when he used the humble sum of $250 to launch a private equity firm with the intention of helping innovative companies raise money in exchange for considerable equity. Seeing the potential of a fledgling two-way, censor-activated audio and video technology in need of working capital, Solomon networked and promptly arranged $3.4 Million in private equity funding, secured multiple patents, and created lucrative licensing deals with companies including Ring smarthome doorbell by Amazon. This technology disrupted both the doorbell and home security industries. Additionally, Solomon initiated and structured investment capital to create one of the biggest minority-owned energy companies in the United States. Out of the approximately fourteen thousand publicly traded companies in the United States, currently less than two dozen of those publicly traded companies are Black majority owned and operated. Solomon RC Ali is the only African American to have ever simultaneously held officer and board positions with three of those Black majority owned and operated publicly traded companies, while successfully disrupting two major industries and placing him in a rarefied club of American changemakers. Solomon has appeared on/in: FOX Soul, Real Leaders Magazine, Bloomberg, Black Enterprise, Innovation & Tech Today, NBC News, Wharton Business Daily, Black Enterprise and AfroTech to name a few. Foreword written by internationally renowned motivational speaker Les Brown Inside these pages you will find out Why Black Wealth Matters in White America "Solomon will show you how to ignite a success mindset, sharpen your skillset and monetize your ideas. This book is a groundbreaking read! Get ready to experience an incredible journey that will open a new realm of enrichment as you apply these outstanding principles." - Les Brown, world renowned motivational speaker www.solomonrcali.com
| Author | : Melvin L. Oliver |
| Publisher | : Taylor & Francis |
| Total Pages | : 356 |
| Release | : 2006 |
| Genre | : Business & Economics |
| ISBN | : 0415951674 |
The authors analyse wealth - total assets and debts rather than income alone - to uncover deep and persistent racial inequality in America, and show how public policies fail to redress this problem.
| Author | : Melvin Oliver |
| Publisher | : Routledge |
| Total Pages | : 356 |
| Release | : 2013-04-15 |
| Genre | : Political Science |
| ISBN | : 1135024774 |
The award-winning Black Wealth / White Wealth offers a powerful portrait of racial inequality based on an analysis of private wealth. Melvin Oliver and Thomas Shapiro's groundbreaking research analyzes wealth - total assets and debts rather than income alone - to uncover deep and persistent racial inequality in America, and they show how public policies have failed to redress the problem. First published in 1995, Black Wealth / White Wealth is considered a classic exploration of race and inequality. It provided, for the first time, systematic empirical evidence that explained the racial inequality gap between blacks and whites. The Tenth Anniversary edition contains two entirely new and substantive chapters. These chapters look at the continuing issues of wealth and inequality in America and the new policies that have been launched in the past ten years. Some have been progressive while others only recreate inequality - for example the proposal to eliminate the estate tax. Compelling and also informative, Black Wealth / White Wealth is not just pioneering research. It is also a powerful counterpoint to arguments against affirmative action and a direct challenge to current social welfare policies that are tilted towards the wealthy.
| Author | : Dorothy A. Brown |
| Publisher | : Crown |
| Total Pages | : 289 |
| Release | : 2022-03-22 |
| Genre | : Social Science |
| ISBN | : 0525577335 |
A groundbreaking exposé of racism in the American taxation system from a law professor and expert on tax policy NAMED ONE OF THE BEST BOOKS OF THE YEAR BY NPR AND FORTUNE • “Important reading for those who want to understand how inequality is built into the bedrock of American society, and what a more equitable future might look like.”—Ibram X. Kendi, #1 New York Times bestselling author of How to Be an Antiracist Dorothy A. Brown became a tax lawyer to get away from race. As a young black girl growing up in the South Bronx, she’d seen how racism limited the lives of her family and neighbors. Her law school classes offered a refreshing contrast: Tax law was about numbers, and the only color that mattered was green. But when Brown sat down to prepare tax returns for her parents, she found something strange: James and Dottie Brown, a plumber and a nurse, seemed to be paying an unusually high percentage of their income in taxes. When Brown became a law professor, she set out to understand why. In The Whiteness of Wealth, Brown draws on decades of cross-disciplinary research to show that tax law isn’t as color-blind as she’d once believed. She takes us into her adopted city of Atlanta, introducing us to families across the economic spectrum whose stories demonstrate how American tax law rewards the preferences and practices of white people while pushing black people further behind. From attending college to getting married to buying a home, black Americans find themselves at a financial disadvantage compared to their white peers. The results are an ever-increasing wealth gap and more black families shut out of the American dream. Solving the problem will require a wholesale rethinking of America’s tax code. But it will also require both black and white Americans to make different choices. This urgent, actionable book points the way forward.
| Author | : Dalton Conley |
| Publisher | : Univ of California Press |
| Total Pages | : 228 |
| Release | : 1999-06 |
| Genre | : Biography & Autobiography |
| ISBN | : 9780520216730 |
"Being Black, Living in the Red is an important book. In Conley's persuasive analysis the locus of current racial inequality resides in class and property relations, not in the labor market. This carefully written and meticulous book not only provides a compelling explanation of the black-white wealth differential, it also represents the best contribution to the race-class debate in the past two decades."—William Julius Wilson, author of When Work Disappears: The World of the New Urban Poor "In Being Black, Living in the Red, Dalton Conley has taken the discussion of race and inequality into important new territory. Even as income inequality is shrinking, Conley shows, the wealth gap endures. That gap, he argues lucidly, explains much of the persisting 'two societies' phenomenon—it contributes significantly to inequalities in education, work, even family structure. Those concerned about equity in America will find this book indispensable reading."—David Kirp, author of Our Town: Race, Housing, and the Soul of America "With methodological sophistication Dalton Conley's well written book makes a significant contribution to our understanding of the precarious social and economic predicament that African Americans continue to experience."—Martin Sanchez-Jankowski, author of City Bound: Urban Life and Political Attitudes Among Chicano Youth "Picking up where Oliver and Shapiro (Black Wealth, White Wealth) left off, Conley details how and why facets of net worth cascade into long-term inequalities. All sides will be impressed with Conley's thorough scholarship and richly detailed analysis."—Troy Duster, co-editor of Cultural Perspectives on Biological Knowledge "Being Black, Living in the Red is the most convincing analysis yet of the importance of wealth for the life chances of African Americans. Thanks to Conley's stunning data and adroit theoretical discussions, social scientists and policymakers can no longer ignore wealth as they attempt to deal with the thorny issue of racial inequality. A must read!"—Melvin L. Oliver, author of Black Wealth, White Wealth: A New Perspective on Racial Inequality
| Author | : Christian E. Weller |
| Publisher | : Springer |
| Total Pages | : 233 |
| Release | : 2016-04-29 |
| Genre | : Business & Economics |
| ISBN | : 113757514X |
In the US, retirement savings are low while risk exposure is high, thus dooming many retirees to a low standard of living. This book offers straightforward solutions to build real retirement security for American families.
| Author | : Mehrsa Baradaran |
| Publisher | : Harvard University Press |
| Total Pages | : 382 |
| Release | : 2017-09-14 |
| Genre | : Business & Economics |
| ISBN | : 0674982304 |
“Read this book. It explains so much about the moment...Beautiful, heartbreaking work.” —Ta-Nehisi Coates “A deep accounting of how America got to a point where a median white family has 13 times more wealth than the median black family.” —The Atlantic “Extraordinary...Baradaran focuses on a part of the American story that’s often ignored: the way African Americans were locked out of the financial engines that create wealth in America.” —Ezra Klein When the Emancipation Proclamation was signed in 1863, the black community owned less than 1 percent of the total wealth in America. More than 150 years later, that number has barely budged. The Color of Money seeks to explain the stubborn persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks. With the civil rights movement in full swing, President Nixon promoted “black capitalism,” a plan to support black banks and minority-owned businesses. But the catch-22 of black banking is that the very institutions needed to help communities escape the deep poverty caused by discrimination and segregation inevitably became victims of that same poverty. In this timely and eye-opening account, Baradaran challenges the long-standing belief that black communities could ever really hope to accumulate wealth in a segregated economy. “Black capitalism has not improved the economic lives of black people, and Baradaran deftly explains the reasons why.” —Los Angeles Review of Books “A must read for anyone interested in closing America’s racial wealth gap.” —Black Perspectives
| Author | : William A. Darity Jr. |
| Publisher | : UNC Press Books |
| Total Pages | : 443 |
| Release | : 2022-07-27 |
| Genre | : Social Science |
| ISBN | : 1469671212 |
Racism and discrimination have choked economic opportunity for African Americans at nearly every turn. At several historic moments, the trajectory of racial inequality could have been altered dramatically. But neither Reconstruction nor the New Deal nor the civil rights struggle led to an economically just and fair nation. Today, systematic inequality persists in the form of housing discrimination, unequal education, police brutality, mass incarceration, employment discrimination, and massive wealth and opportunity gaps. Economic data indicates that for every dollar the average white household holds in wealth the average black household possesses a mere ten cents. This compelling and sharply argued book addresses economic injustices head-on and make the most comprehensive case to date for economic reparations for U.S. descendants of slavery. Using innovative methods that link monetary values to historical wrongs, William Darity Jr. and A. Kirsten Mullen assess the literal and figurative costs of justice denied in the 155 years since the end of the Civil War and offer a detailed roadmap for an effective reparations program, including a substantial payment to each documented U.S. black descendant of slavery. This new edition features a new foreword addressing the latest developments on the local, state, and federal level and considering current prospects for a comprehensive reparations program.
| Author | : Barbara Robles |
| Publisher | : The New Press |
| Total Pages | : 337 |
| Release | : 2006-06-05 |
| Genre | : Business & Economics |
| ISBN | : 1595585621 |
For every dollar owned by the average white family in the United States, the average family of color has less than a dime. Why do people of color have so little wealth? The Color of Wealth lays bare a dirty secret: for centuries, people of color have been barred by laws and by discrimination from participating in government wealth-building programs that benefit white Americans. This accessible book—published in conjunction with one of the country's leading economics education organizations—makes the case that until government policy tackles disparities in wealth, not just income, the United States will never have racial or economic justice. Written by five leading experts on the racial wealth divide who recount the asset-building histories of Native Americans, Latinos, African Americans, Asian Americans, and European Americans, this book is a uniquely comprehensive multicultural history of American wealth. With its focus on public policies—how, for example, many post–World War II GI Bill programs helped whites only—The Color of Wealth is the first book to demonstrate the decisive influence of government on Americans' net worth.
| Author | : Thomas M. Shapiro |
| Publisher | : Basic Books |
| Total Pages | : 222 |
| Release | : 2017-03-14 |
| Genre | : Business & Economics |
| ISBN | : 0465094872 |
From a leading authority on race and public policy, a deeply researched account of how families rise and fall today Since the Great Recession, most Americans' standard of living has stagnated or declined. Economic inequality is at historic highs. But inequality's impact differs by race; African Americans' net wealth is just a tenth that of white Americans, and over recent decades, white families have accumulated wealth at three times the rate of black families. In our increasingly diverse nation, sociologist Thomas M. Shapiro argues, wealth disparities must be understood in tandem with racial inequities -- a dangerous combination he terms "toxic inequality." In Toxic Inequality, Shapiro reveals how these forces combine to trap families in place. Following nearly two hundred families of different races and income levels over a period of twelve years, Shapiro's research vividly documents the recession's toll on parents and children, the ways families use assets to manage crises and create opportunities, and the real reasons some families build wealth while others struggle in poverty. The structure of our neighborhoods, workplaces, and tax code-much more than individual choices-push some forward and hold others back. A lack of assets, far more common in families of color, can often ruin parents' careful plans for themselves and their children. Toxic inequality may seem inexorable, but it is not inevitable. America's growing wealth gap and its yawning racial divide have been forged by history and preserved by policy, and only bold, race-conscious reforms can move us toward a more just society. "Everyone concerned about the toxic effects of inequality must read this book." -- Robert B. Reich "This is one of the most thought-provoking books I have read on economic inequality in the US." -- William Julius Wilson
