Quote:
Originally posted by darling1
in a class that i took 2 years back, i read an article about blacks and philanthropy. basically it discussed how the average person has enough to give to some philanthropic arm. the avg. man represents more wealth than the small percentage of folks who are millionaires/billionaires.
there are ways to do this. you can bequeath it in your will, set aside money every month; budgeting a certain percent of your monthly income to a favorite charity, giving through your job.
there are so many of us who are illiterate when it comes to handling money. we are more powerful than we realize.
i cant speak on your org. or your frustrations with the direction. but i am a firm believer that you can make a difference no matter how small.
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Any wealth document I'd ever researched shows the top 10% owning 70% of the wealth. What's more alarming is that the top 1% owns almost 40% of the wealth.
http://www.therationalradical.com/ds...stribution.htm
There is a slight variance in another study I saw:
"These data suggest that wealth is concentrated in the hands of a small number of families. The wealthiest 1 percent of households owns roughly 33.4% of the nation's net worth, the top 10% of households owns over 71%, and the bottom 40% of households owns less than 1%."
10 out of every 100 folk own 70 out of every 100 dollars and what's more frightening is 1/4 of the black population is officially in poverty and 2/3 of the remainder are just outside the poverty line. We are effectively doing the worst of the worst. What's more is these figures are based on averages. The few entertainers and athletes making millions are pulling the averages unrealistically up. So there are probably, in effect, more black folk living in poverty than these numbers reflect...
Point is, how do Blacks produce the least, yet consume (by percentage of the population) the most? What kind of loop is that? We know how it was created. I contend we destroy it by wealth building coincided by voting, teaching and staying OFF CAMERA!