A Letter to My White Friends and Colleagues. Steven S. Rogers

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Название A Letter to My White Friends and Colleagues
Автор произведения Steven S. Rogers
Жанр Личные финансы
Серия
Издательство Личные финансы
Год выпуска 0
isbn 9781119794783



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      It April 12, 1865. De Yankee soldiers dey come down to de boat and eatee de mulberries off de trees. Den dey see us and say, “Y'all can't stay dere no mo'. You free, you doan b'long to nobody no mo. Oh, Lor'! I so glad. We astee de soldiers where we goin'? Dey say dey doan know. Dey told us to go where we feel lak goin', we ain' no mo' slave.

      Afterwards, Mr. Lewis had the following discussion with Tim Meaher, his former slave owner:

      Cap'n Tim, you brought us from our country where we had lan'. You made us slave. Now dey make us free but we ain' got no country and we ain' got no lan'! Why doan you give us piece dis land so we kin buildee ourself a home? Cap'n jump on his feet and say, “Fool do you think I goin' give you property on top of property? I tookee good keer my slaves and derefo' I doan owe dem nothin. You doan belong to me now, why must I give you my lan'?

      We see that decisions refusing to share wealth, combined with the financial benefits of slavery going to Whites exclusively, generation after generation, is the foundation of the wealth gap between Blacks and Whites. This unbridged chasm started over 400 years ago.

      Racial inequities create systemic cracks in the structural strength of our country. They result in health issues, social problems, reduced happiness, and diminished economic growth. Wealth inequality is one of the roots of systemic racial problems, because wealth is a resource that provides the basis for financial security (short and long term) and political power. Wealth provides individuals, families, and groups with the power of mobility and a sense of agency because it is a strength developed across lifetimes and handed down through generations. And in addition to being a systemic issue, wealth inequality is a generational problem, undermining any foundation for the stability of the Black community, and for America.

      How do we make America fulfill the dream first envisioned in Thomas Jefferson's Declaration of Independence? How do we reclaim the America that was betrayed in that great compromise of 1787, when the Constitution was created and excluded Blacks from a timelier participation in this great experiment? The solutions I offer in this book focus on seeking financial equity. Black Americans were officially excluded from wealth generation for 246 years through government-sanctioned slavery and over 100 years of other anti-Black public policies. Therefore, we need to take extraordinary steps – even more radical than what was true of affirmative action – to correct the wrong. As Nikole Hannah-Jones of the New York Times said, “All of this inequality was intentionally constructed. Therefore, all of it can be intentionally deconstructed.”