Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Friday, October 03, 2014

The Typical White Family Is 20 Times Wealthier Than the Typical Black Family

We're still posting a new chart on the current state of income inequality every day over the next week. Yesterday's looked at how top tax rates dropped as top incomes rose.

Today, a closer look at how income inequality splits along racial lines. Whites' average household income is 56 percent larger than that of African Americans and 39 percent larger than that of Hispanics. But the discrepancy is even greater when it comes to wealth: The median white family holds nearly 20 times more assets than he median black family and 74 times more assets than the median Hispanic family.
Source: Income by race: US Census; wealth by race: Edward N. Wolff 
Original Article
Source: motherjones.com/
Author: By Dave Gilson
Topics: , ,

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