According to Baradaran, it is possible to eradicate the wealth gaps, by upending the racism baked into the capital and finance systems—basically a radical redistribution of land and wealth. This might mean some loss of material assets and resources for white families in the short run. However, if the McKinsey study projections are to be believed, it could also add a trillion-plus dollars to the nation’s overall economy by 2028, which would be a win for everyone.
However, even if some white families lose some wealth in this exchange, that doesn’t mean that they couldn’t bounce back tomorrow. There is apparently already a precedent for that.
^^Wonderful prescription: Rob the productive, because "they can bounce back again", and distribute the loot to .... whom exactly?
Sounds like the West Bengal / Malloostan / Kampuchea-PolPot prescription.
The whole premise is that the segregation between "black communities" and "white communities" must be preserved, with a wealth re-distribution. Trouble is that the first time a black apartment dweller, newly endowed with redistributed wealth, goes out to buy a home in an affluent nbd, she will be seeking a loan from a - guesswhat? affluent banker, who gets richer as the black person gets poorer - and with high probability, ends up foreclosing and grabbing the home as well.
Same with cars. More likely in fact that the redistributed wealth, being non-earned, gets spent rapidly on expensive cars, luxury goods. The auto-sales magnate (affluent) and the insurance magnate and shareholder (affluent) such up this money. So the "redistribution" is from hard-working and therefore affluent people to crooked and therefore affluent people.
"Rob the rich and feed the poor and We Are The Poor".
Case in point: there was an AA gent who retired as "VP" of a very major and very white financial services company - as "American" as it gets - a pioneer and perhaps "token", who had trouble being admitted to Executive Lunches where he had to be present, because, get this - the Resort Catering service would refuse to bring out dinner while there was a non-color-appropriate person sitting there!
He settled in a moderately wealthy nbd. Drove a Jag and a Porsche Boxster, but his retirement income was only around $40K/yr. Eventually set up a company that would get money from the Big Lenders (he had connections, or so he thought), and distribute to "Mynawrity" first-time homebuyers. Very happy doing this social service as an occupation.
Trouble is, the loan on his own (approx $300K) home was an ARM (adjustable rate). Terrific deal at the time. Trouble is, there was a clause where the rate could go up about 1 percentage point a year , which sounded very reasonable - unitl it got to 13 percent circa 2007. Then the credit crunch hit. He could no longer get money from the (affluent) big lenders to distribute to his customers. Bijnej went belly-up. No income to pay the 13% ARM. Lost the business, lost the house, and I mean LOST the house. Oh! By the way! The nbd had a really bad hailstorm circa 2000 or so. Place was declared a Disaster Area, which means, Feds gave insurance companies the $$ to replace roofs. Nearly every roof in the nbd was repaired courtesy of Uncle Sam. His was not - AllState Insurace Co simply refused for no apparent reason other than that he was not "color-appropriate". So his house suffered water damage. He did not have the cash to fix it, nor the credit to get a loan to fix it. So he couldn't sell the house.
NOOOOOOOOOOOO help from the Feds, or anyone else. Or "community". A pox on them all! He lost everything. He and his bibi are/were very very nice, honest people. Sorry about the OT.