Debunking The Trillion Dollar Myth: Black spending is not Black wealth

Debunking The Trillion Dollar Myth: Black spending is not Black wealth

The assertion that if African Americans would only pool its perceived $2.1 trillion consumer spending power that as a group, they would be one of the top 10 wealthiest nations in the world is a myth that ignores the fact that wealth is measured by assets not by spending, according to a professor who has […]

US Wealth Gap (Top 1% Versus Bottom 50%) Remains Daunting (Trump Urges Fed Chair Powell To Cut Rates)

Republicans are trying to lock in Trump’s tax cuts and Democrats are resisting. We now know that DOGE is trying to end the wasteful spending in DC. But I would really like to see tax rates on the middle class fall. The wealth gap between the top 1% of taxpayers and the bottom 50% of taxpayers is enormous. And has gotten worse since 1990. Meanwhile. to fight off the temporary effects of the tariff war, Trump is urging Fed Chair Powell to cut rate…