1. While this might be a desirable policy for a number of reasons, it will not come near to closing the racial wealth gap. To claim so, simply is inaccurate. See pages 5-8 below:https://socialequity.duke.edu/sites/socialequity.duke.edu/files/Running%20the%20Numbers%20-%20to%20publish%20-%208.4.19%20final.pdf …
One way to fix this? Close the racial homeownership gap. As president, I’ll invest $100 billion to put homeownership within reach for up to 4 million families.https://www.cbsnews.com/news/racial-wealth-gap-costs-economy-1-5-trillion-dollars-report-finds/ …
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@KamalaHarris made this whole tweet up and it doesn’t make any sense economically.#ados - 1 more reply
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3. Down payment subsidies capping out a $25K will not enable any significant number of black folk to get into owning the typically priced home in cities like LA or Washington DC. where median home prices are $600- to $700K.
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I agree 100%. Also, in many cases, homeowners must PAY BACK the down payment assistance they "receive." Homeownership was never meant to help
#ADOS, in order for us to benefit it must be reorganized using current data placed in a valid historical context.
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That policy does nothing to close the Racial Wealth Gap ask
@SandyDarity. Only a multi trillion dollar reparations package closes the racial wealth gap.Thanks. Twitter will use this to make your timeline better. UndoUndo
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2. Since this is a universal, means-tested program, it will not have a disproportionately sufficient benefit for black wealth accumulation to approach closing the racial wealth gulf.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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5. Even if the plan managed, somehow, to equalize home equity values it would reduce the total black-white wealth gap by a maximum of 10 percent. Again see pp.5-8: https://socialequity.duke.edu/sites/socialequity.duke.edu/files/Running%20the%20Numbers%20-%20to%20publish%20-%208.4.19%20final.pdf … This is not a "fix."
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Teach!!!
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Creating career opportunities are much better than handouts.
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You're right, corporations should no longer receive bailouts or tax breaks.
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