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Out of 536 billionaires in the USA, only 3 are black. Why the stark racial divide? Well it's complicated, but it turns out our history of racism has a lot to do with it. From segregated schools that receive less funding in property taxes, to the history of redlining black homeowners, to the long history of slavery, oppression, and segregation, white families were accumulating wealth. That "old money" has provided the capital for the modern-day billionaires, and even average-i...ncome white families, to stay significantly ahead of black Americans. So how can we fix the wealth divide in America? Franchesca "Chescaleigh" Ramsey addresses this in this week's Season 2 throwback episode of MTV Decoded.
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, Written by Ben O'Keefe @benjaminokeefe
, SOURCES:
, America is the richest, and most unequal, country http://fortune.com/2015/09/30/america-wealth-inequality/
, Bernie Sanders, in Madison, claims top 0.1% of Americans have almost as much wealth as bottom 90% https://www.politifact.com/…/bernie-sanders-madison-claims…/
, Here Are The States With The Most Billionaires https://www.forbes.com/…/here-are-the-states-with-the-mos…/…
, U.S. Education: Still Separate and Unequal https://www.usnews.com/…/us-education-still-separate-and-un…
, How Do We Fund Our Schools? http://www.pbs.org/…/finance-how-do-we-fund-our-schools/197/
, The Racial Wealth Gap: Why A Typical White Household Has 16 Times The Wealth Of A Black One https://www.forbes.com/…/the-racial-wealth-gap-why-a-typi…/…

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