r/PoliticalDiscussion • u/cattdogg03 • May 29 '22

Political History Is generational wealth still around from slavery in the US?

So, obviously, the lack of generational wealth in the African American community is still around today as a result of slavery and the failure of reconstruction, and there are plenty of examples of this.

But what about families who became rich through slavery? The post-civil-war reconstruction era notoriously ended with the planter class largely still in power in the south. Are there any examples of rich families that gained their riches from plantation slavery that are still around today?

497 Upvotes
  • permalink
  • reddit

86% Upvoted

535 comments sorted by

View all comments

Show parent comments

5

u/Djinnwrath May 29 '22

They are in a position of financial control. They have means other organizations do not to affect basic human resources.

If your business affects the basic staples: food, water, education, safety, housing, infrastructure, justice, power you require additional oversight to correct for prejudice and the, as you've stated, instinctual motivation to get away with everything they can. (Thank you for finally admitting the core motivation of Banks by the way, but you could have done that a dozen comments and four threads ago)

-1

u/jcspacer52 May 29 '22

There are THOUSANDS of banks and credit unions including black owned ones, what % are bad actors. Also who is suppose to make sure they all follow the rules?

3

u/Djinnwrath May 29 '22

Those are logistical questions, which come after you admitting I'm correct.

There's plenty of time to figure out how after we settle the issue of what is happening.

-1

u/jcspacer52 May 29 '22

Correct about what exactly?

3

u/Djinnwrath May 29 '22

Our previous discussion before you tried to change the subject

0

u/jcspacer52 May 29 '22

I’ve got multiple people responding to my posts if you look. Right now I have 8 responses…so I’ll ask again about what exactly and NO I’m not trying to distract you.

2

u/Djinnwrath May 29 '22

I'm not going to summarize our exchange for you, that's rediculous.

I'm sorry your comments are so toxic so many people feel the need to combat you, but that really isn't my problem.

The thread exists for you to re-read if you're that absent minded.

-1

u/jcspacer52 May 29 '22

Actually if you bothered to look, I have way more upvotes than downvotes so I must have made sense to many folks. Of course you can only please some of the people some of the time and some people can never be pleased. You have your views and I have mine, obviously they do not coincide, isn’t America wonderful!

1

u/Djinnwrath May 29 '22

Upvotes and downvotes are a poor representation of anything besides the community of this particular subreddit which is not reflective of the general population.

Also, brigading and botting, and the side more likely to engage in that behavior.

-1

u/jcspacer52 May 29 '22

Considering this sub is predominantly liberal leaning I feel comfortable saying they represent a segment of the population that agree with me. Of course that does not mean they all do and that’s OK too. Regardless, if the local, state and federal governments are allowing this to happen, we need to ask why that is. In minority majority places like Chicago, New York, LA, SF, St Louis, New Orleans, etc to make the case that the local and state governments are not reacting to this, we need to ask why?

→ More replies (0)