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Conscious Money (6:42) Dontie Mitchell

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Synopsis

According to Bernie Sanders, 1% of Americans have more wealth than 92% of all other Americans. But even more egregious is a study published in 2016 by the Institute for Policy Studies and the Corporation for Economic Development entitled, quote, "The Ever-Growing Gap: Without Change, African-Americans and Latino Families Won't Match White Wealth For Centuries," end quote. According to that study, the 400 richest white Americans own more wealth than the entire Black population—plus one third of the Latino population combined. The study goes on to conclude that it will take Black families 228 years to amass the wealth white families have today. For me, being both a prisoner and a Black man, these statistics, even if remotely true, are extremely troubling, because as I've said in previous commentary, power respects power. And in a capitalist country power is rooted in economic strength. If you're poor or economically vulnerable, then you tend to be the victim of injustice. You tend to be the scapegoat of others.