How America Keeps Black People In Poverty

“As we define and interpret the dynamics of the slum, we see the total pattern of economic exploitation under which Negroes suffer in Chicago and in other northern cities.”

“Education: … slum education is designed to perpetuate the inferior status of slum children and prepare them only for menial jobs in much the same way that the South African apartheid education philosophy does for the African.”

“Federal Housing Agencies: Federal housing agencies will not insure loans for purchasing real estate in Negro communities and make little money available for financing any low-cost housing or renovation of present housing.”

“Banks and Mortgage Companies: Banks and mortgage companies charge higher interest rates and in many instances even refuse to finance real estate in slum communities and transitional communities, making the area easy prey for loan sharks.”

“Real Estate: Real Estate Boards restrict the supply of housing available to Negroes to the result that Negro families pay an average $20 per month more in rent and receive fewer services that persons in other neighborhoods.”

Eighty- five percent of real estate appraisers are white. By systematically undervaluing Black neighborhoods, they remove 156 billion dollars from the Black community annually. This means in a seven year span, over one trillion dollars will be stolen from our community. This is one of the main reasons as to why The Road to Zero Wealth report published by Prosperity Now, and the Institute for Policy Studies, states that the median Black wealth is at risk of falling to zero, by 2053. ZERO.

“Slum Landlords: Slum landlords find a most lucrative return on a minimum investment due to inefficient enforcement of city building codes as well as inadequate building codes, overcrowding of living space, and a tax structure on slum property which means the more you let the building run down, the less you pay in taxes.”- Dr. King

“The Welfare System: The welfare system contributes to the breakdown of family life by making it more difficult to obtain money if the father is in the household and subjects families to a dehumanized existence at the hand of impersonal self-perpetuating bureaucracy.”- Dr King

“The Courts: The courts are organized as a tool of the economic structure and political machine. Judges are political appointees and subject to political influence.”-Dr. King

Today we have the “Cash Bail System.”

“ The City Administration: The city administration refuses to render adequate services to the Negro community. Street cleaning, garbage collection and police protection are offered menially, if at all.”

This is self explanatory, due to the fact that reparations have yet to be paid.

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