Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home DramaAlert

New Book Reveals The $600B Stolen From Black Americans

rmtsa by rmtsa
April 24, 2024
in DramaAlert
0
New Book Reveals The 0B Stolen From Black Americans
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Scarlett Johansson’s Directorial Debut ‘Eleanor The Great’ Sets Fall Release

Pete Davidson expecting 1st baby with girlfriend Elsie Hewitt – National

Intuit’s IDEAS Program Broadens Nationwide

New Book Reveals The 0B Stolen From Black Americans

by Jeroslyn JoVonn

April 24, 2024

A new book details the $600 billion stolen from Black Americans nationwide.

A new book is set to unravel how the U.S. stole $600 billion from Black Americans.

Andrew W. Kahrl, professor of history and African American studies at the University of Virginia, put extensive research in his new book which describes how US bureaucracies created the nation’s ongoing racial wealth gap by implementing a system of highly unjust municipal and state taxes, Bloomberg reports. “The Black Tax: 150 Years of Theft, Exploitation, and Dispossession in America” shares statistics, studies, and tales of Black Americans being cheated out of land ownership and pushed into poverty by racist laws and practices dating back to the Jim Crow era.

“This history sheds new light on the forces generating economic inequality in America and the racial character of those inequalities,” Kahrl writes.

The book pairs personal stories with rich details about municipalities nationwide that used complex tax collection to fund distribution to white land and property owners, and the economic dynamics spanning over a century of US history.

Starting in the late 19th and early 20th centuries, unfair tactics were used to doubly disadvantage Black landowners by artificially inflating property value estimates for tax calculation, overcharging them for their land, and exploiting their inability to pay as a means to seize their properties.

Examples include Anthony Fleming and J.R. Rooks, two Black men forced off their farmland by White supremacist mobs who went on to establish a town with the goal of enabling Black Americans to own land. By 1911, Edmonson, Arkansas, encompassed 30 square miles of stores, a bank, a hotel, and a post office for local Black homeowners.

However, 20 years later, the town was no more after white plantation owners plotted to seize the land by imposing taxes on lots the Edmonson residents were unaware of. Once the residents failed to pay the taxes they had no clue about, the plantation owners seized the land. It was deeded over to one of the plantation owners who had concocted the scheme and demolished all of the buildings.

In 1920, Hillery Thomas Stewart Sr. lost 24 acres of land in a tax sale “under dubious circumstances” after the great-great-grandfather of George Floyd failed to pay $18.83 in taxes. Losing the land forced the Stewart family into poverty.

When looking at the 11 million acres of land taken from Black Americans, it equates to $326 billion in today’s dollars. Not to forget the millions in taxes Black Americans have overpaid for over a century. From 1870 to 2020, Black Americans were overtaxed by more than $275 billion in 2023 dollars.

Kahrl doesn’t just focus on the grim findings but he does share possible solutions to making up for the last century of financial oppression against the Black community. He suggests the establishment of a federal fiscal equity program that mirrors Canada’s approach, where funds are allocated to local governments based on their needs. He also suggests introducing a universal home tax exemption for numerous Americans, especially lower-income homeowners or those residing in historically neglected areas. Another option would be to impose taxes on the wealthiest individuals in the US.

“This is the past that we live with today. But it does not have to be our future,” Kahrl writes.

“The Black Tax: 150 Years of Theft, Exploitation, and Dispossession in America” released on Wednesday, April 24, and retails for $35 through the University of Chicago Press.

RELATED CONTENT: Calls For France To Repay Haitian ‘Freedom Tax’ Grow Louder



Source link

Tags: 600BAmericansBlackBookrevealsStolen
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Scarlett Johansson’s Directorial Debut ‘Eleanor The Great’ Sets Fall Release

by rmtsa
July 17, 2025
0
Scarlett Johansson’s Directorial Debut ‘Eleanor The Great’ Sets Fall Release

Sony Pictures Classics will be opening Scarlett Johansson‘s feature directorial debut, Eleanor the Great, on Sept. 26 nationwide and in Canada. The movie, which received a six-minute standing...

Read more

Pete Davidson expecting 1st baby with girlfriend Elsie Hewitt – National

by rmtsa
July 17, 2025
0
Pete Davidson expecting 1st baby with girlfriend Elsie Hewitt – National

Pete Davidson is entering his Dad era. Davidson, 31, and his girlfriend, actor and model Elsie Hewitt, 29, are expecting their first child together.Hewitt confirmed the reports in...

Read more

Intuit’s IDEAS Program Broadens Nationwide

by rmtsa
July 17, 2025
0
Intuit’s IDEAS Program Broadens Nationwide

Calling all CEOs, side hustlers, and small biz bosses, Intuit is turning up the volume on economic empowerment. Source: MoMo Productions / Getty Whether you’re stacking invoices or...

Read more

Donald Trump Criticizes His Supporters • Hollywood Unlocked

by rmtsa
July 16, 2025
0
Donald Trump Criticizes His Supporters • Hollywood Unlocked

Donald Trump Goes Off On MAGA Supporters Over Epstein Conspiracies Donald Trump is throwing major shade at his own supporters, calling them gullible “weaklings” for questioning the transparency...

Read more

Michael Knowles Says Epstein Files Could Break MAGA Movement Apart

by rmtsa
July 16, 2025
0
Michael Knowles Says Epstein Files Could Break MAGA Movement Apart

Michael Knowles Epstein Files Controversy Is Existential Threat to MAGA Coalition!!! Published July 16, 2025 12:56 PM PDT Play video content TMZ.com Michael Knowles says the controversy regarding...

Read more
Next Post
Matty Healy Says He Hasn’t ‘Listened’ To Taylor Swift’s New Album

Matty Healy Says He Hasn't 'Listened' To Taylor Swift's New Album

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • Whew Lawd! The Hottest Thirst Traps Of The Week, Vol. 104
  • Rodney Hinton Jr. Family Sued Over Crowdfunding For Legal Team
  • How TV Sitcoms Redefined Friendship Over the Decades

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In