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- Embed this notice@zonk @david part of the rationale is that like if you were black you got held back from the race for centuries and so your family never got to build up generational wealth and that wealth gives you advantage even right now over black people.
I thought it made sense but then my dad said something like "you are the first and only in our family that graduated college and all our wealth was lost in the great depression.
my ancestors came to north america before it was the USA and today my family is doing worse than when we came here. the only person in my family who is well off is me. everybody else is a generation away from poverty. the closest we have to generational wealth is some of my relatives own houses. but if they lost their job they would lose their house and at current rates they'd never get a house again so the "wealth" is illusory.
I don't even know anybody from growing up that had any form of "generational wealth" except for the house.
when I look around most white people got their economic stability erased in the 1980s and never recovered. I still believe there are historical disadvantages for black people that hurt them even today but the framing of like this multi hundred year treadmill of wealth accumulation is just garbage.