![]() ![]() slavery must be designed to eliminate the racial wealth differential.” “We think that this wealth gap is what should be the primary target of a reparations initiative, that any well-designed reparations plan for Black descendants of U.S. “As a consequence there is this gaping chasm in opportunity and in the capability to participate in a society, and there’s ultimately denial for access to the material conditions for full citizenship in the United States.” This corresponds to a condition where the average Black household has $840,000 less in net worth than the average white household,” said William “Sandy” Darity, an economist at Duke University. This gap is fully captured by the fact that Blacks make up about 13% of the population but possess only about 2% of the nation’s wealth. “There is an enormous gap in wealth between Blacks and whites in the United States. The Biden administration recently stated its support for addressing reparations. Duke economist William “Sandy” Darity discussed Thursday how America’s Black-white wealth gap came to be, and the case for reparations for Black Americans, during a video briefing for the media. ![]()
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