Black America has built a case for Reparations.
The black community has long called for reparations on the land that it built wealth for many centuries ago. The America you see now is the America that was barren 400 years ago. It is now an economical powerhouse. The case for reparations has been catching momentum as of late and is reportedly headed by actor Danny Glover. America has heard this case several different times and the hearings have always ended the same. TALKING.
The original coalition led by others such as Al Sharpton, Jesse Jackson and others associated with post King civil rights. The last major civil rights issue to be handled was the Civil Rights Act of 1964. This piece of legislation undid segregation and employment discrimination based on color, race, sex, religion, or nationality. Consequences came with the Civil Rights Act of 1964. The economy enjoyed a lift, but black wealth was the collateral damage.
What does collateral damage look like?
A transference of assets and ownership that has lead to the average black household to have zero wealth. I’m not speaking pennies or a few hundred dollars either. Thousands of dollars have trickled out of the black community and right into the hands of other races. The gap is widening while more black families fall below poverty and have little ownership in stock or savings. Many Black Americans wonder how this concept is possible when more black millionaires and billionaires pop up. The overall wealth belongs to around 5% of Americans while most Americans account for the rest of the economy.
Imagine being in that 95% that holds 5% of the money and accounting for around .05 percent of that figure. The average black family can expect to have a negative wealth portfolio by the year 2050 if current trends continue. As the graph provided by MSNBC illustrates, at one point the Black American average median income grew only to crash down while the average white family kept gaining traction and growing.
Why co-operative or collaborative economics make sense.
Activist Malcolm X was a very outspoken advocate for collaborative economics within the black community. The concept takes money within the black community and circulates it within the community an average of 8 to 15 times. The community can now grow wealth from within. The black consumer dollar currently circulates about 1.5 times before leaving the community and given to another ethnic group.
Black Americans will see a significant increase in dollar circulation with collaborative economics because it encourages ownership in companies that are black owned. Spending with those companies and bringing new businesses to neighborhoods where black Americans live. The average black family would see their investment grow and the power of interest.
The case for reparations built. Insert Fubu2Infinity!
The financial woes of Black America should not be taken lightly and swift action must occur in order to stop the future generations of Black Americans from living on the streets and struggling for basic needs. In order to bring economic equity one must have a vessel to ride in the wave of economic prosperity. The fast growing company has come with a solution that allows black America and those of African descent to invest and own what will be considered the largest economical civil rights movement to date.
Information about the movement can be found on Fubu2infinity.com and the video link above. The Ceo has asked that everyone attend a short webinar in order to get the message and details on how the company works. Created to fix a need in our communities and bring forth self- sufficiency for all. We are and have always been great thinkers and creators and now the time is better than ever to bring back black wealth.