Introduction
Dear White friends and colleagues,
I have never written to you before, but I am doing so now because the country, and specifically the Black community, needs your help. There is a cancer in our country that keeps resurfacing over and over. That cancer is the government public policies that have worked to create and maintain the disparity between Black and Whites in all areas of their lives, including perpetuating the wealth gap. In response to these cancerous policies, we see protests and civil unrest, which are akin to chemotherapy being administered to fight a cancer. There is much that Whites can do to unravel the harm of these policies. In the finance arena, the only real cure for America is the elimination of this wealth gap, which would make the Black community as healthy, safe, and self-sufficient as the White community.
Therefore, I am asking individuals to redress the problem primarily created by the government but that benefits White Americans. Your help is needed in the form of wealth sharing. I am not talking about a penalizing redistribution of wealth. I am recommending a wealth sharing that happens organically and intentionally via commerce, investments, savings, philanthropy, and government policy. This includes:
- Spending money with Black-owned businesses.
- Donating money to historically black colleges and universities (HBCUs).
- Depositing money in Black-owned banks.
- Supporting reparations.
I strongly believe that these means will eliminate the wealth ...
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