BC SOCIETY
Saved by @Mollyycolllinss

Compared to white people:
*Black-owned homes devalued 23%
*Black-owned property taxes 13% higher
*Bank fees 2x higher for black customers
*Black-owned biz closed at twice the rate in pandemic
*Black people w/ NO criminal record earn $10k less than white people w/ criminal record

 Sources on all that
1. Homes devalued https://t.co/PChbtDLtDF
2. Property taxes https://t.co/N6ELUlaZsR
3. Bank fees https://t.co/SzLqWQ7IG3
4. Small business closures https://t.co/8OWj0G2f9Z
5. Pay/criminal record comparison https://t.co/ylNevfw5X5
*Black college grads have 50% less wealth than white high school dropouts
*Top 10 most-audited counties are 79% people of color
*Black-white homeowner gap is bigger now than 120 years ago
*Electoral college gives white people 16% more voting power than Black people
Sources on that:
1. College/high school dropout wealth gap: https://t.co/jSPDQhOFSm

2. Most audited counties: https://t.co/IhEliUPPSD

3. Homeownership gap https://t.co/cJl9G2Roan

4. Electoral college https://t.co/Q6gEUSukeL
*All Black Americans combined have half the wealth of richest 400 ppl
*White ppl get inheritance at 3x the rate of Black ppl
*Black college grads have $25k more in student debt than white grads
*Black families have $166k less wealth than white families, more than pre-Civil Rights
Sources on that
*Black wealth total: https://t.co/GnwghylXkK
*Inheritance https://t.co/ObvkO7kMgl
*Student loan debt: https://t.co/BJ1yMEdMny
*Wealth gap: https://t.co/5HZeFYGnwX
*Black-owned businesses get 3% of all biz loans
*Black unemployed workers get unemployment benefits at half the rate of white workers
*Black people own 1% of all stocks
*Net worth of older Millennials with a college degree: 10x higher for white grads than Black grads
Sources on that
*Black-owned business loans https://t.co/hO7joogBhn
*Unemployment benefits gap https://t.co/SOPMnjivU7
*Black-owned stocks https://t.co/KE36wpLQMe
*Millennial college grad net worth comparison https://t.co/DRWetZqXCC
*Since the Civil War/slavery ended, Black families have gone from holding 0.5% of all wealth to 1.5%
*Black ppl are 4x more likely than white ppl to be arrested for marijuana
*Where it's legal, black people own 4% of cannabis businesses
*0% of Fortune 500 CEOs are black women
Sources on that
*Marijuana arrests https://t.co/HuHLJoht1B
*Cannabis business owners https://t.co/zt6lo84eb7
*Fortune 500 CEOs https://t.co/S2imjD5y9h
*Black wealth "growth" https://t.co/Lm0mzZ2CR3
*Scooter startup Bird got more funding than all Black women startups combined last year
*Black sons of ppl in the richest 1% are arrested at same rate as white sons of ppl in poorest third
*20 years after college, white students have 5% of loan left vs 95% left for Black students
Sources on that
*Startup funding https://t.co/gOIPnRwKrn
*Arrest rates by parents' wealth https://t.co/8cEoiZAkTO
*Student loan payoff rate
https://t.co/113WD3pnxy
*Black students are 2.5x likelier than white students to be arrested at school after controlling for poverty
*1950: black men made 51 cents for every $1 white men made. Now: 51 cents
*Corporate stock buybacks/dividends in last 15 years benefited white ppl 72x more than Black ppl
Sources on that
*Student arrest rates https://t.co/u7W364HARS
*Stock buyback/dividend gap https://t.co/jwSz9muMqT
*Male income gap unchanged in 70 years: https://t.co/mIr7gCR0ej
*Americans think Black people have 90% of the wealth white people do. It's actually 10%
*Black homeowners are still 5x more likely to be in old redlined areas, 50 years after redlining was outlawed
*Facial recognition is 100x more likely to misidentify black faces than white ones
Sources on that
*Wealth gap perception vs reality https://t.co/iiqrujg001
*Redlining still exists today https://t.co/5xTGBhfgOq
*Facial recognition bias https://t.co/VAcMLjpjSV
whoops - broke the thread. Continues here
https://t.co/nmQZJNmucb

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I have kept quiet about Matthew's recent outpourings on here but as my estwhile co-author has now seen fit to portray me as an enabler of oppression I think I have a right to reply. So I will.

I consider Matthew to be a colleague and a friend, and we had a longstanding agreement not to engage in disputes on twitter. I disagree with much in the article @UOzkirimli wrote on his research in @openDemocracy but I strongly support his right to express such critical views

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विनता बोली,"स्वामी! मुझे केवल एक पुत्र की मां बनना है जो इतना बलवान हो की कद्रू के हज़ार पुत्रों पर भारी पड़े।"
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सुदर्शनं प्रवक्ष्यामि द्वीपं तु कुरुनन्दन। परिमण्डलो महाराज द्वीपोऽसौ चक्रसंस्थितः॥
यथा हि पुरुषः पश्येदादर्शे मुखमात्मनः। एवं सुदर्शनद्वीपो दृश्यते चन्द्रमण्डले॥ द्विरंशे पिप्पलस्तत्र द्विरंशे च शशो महान्।

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1/OK, data mystery time.

This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE

That's weird. Income inequality in China is legendary.

Let's check this number.

2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".

The report is available here:

3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.

The graph cites the World Development Indicators as its source for the income inequality data.


4/The World Development Indicators are available at the World Bank's website.

Here's the Gini index: https://t.co/MvylQzpX6A

It looks as if the latest estimate for China's Gini is 42.2.

That estimate is from 2012.

5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.

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2....@Potus sent Jared Kushner (JK) to SA on an undisclosed trip and told King Salman that business as usual was over, and if he wanted Pres Trump's support, Prince Alwaleed would have to be divested of $ and power; Alwaleed is one of top Deep State $ men and was tied to HRC.


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