this post was submitted on 14 Oct 2024
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politics

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The vice president released a plan to help Black men financially, held interviews with two Black media outlets and put out targeted ads in battleground states.

...

Ms. Harris’s plan calls for providing one million loans that would forgive up to $20,000 for Black entrepreneurs and people of other races to start a business, in an effort to close the capital gap that Black people often face.

The plan calls for expanding access to affordable banking options that will allow Black men and others to tap into more capital that they often cannot access because of high fees and other barriers. The plan also promises to devise a regulatory framework for protecting cryptocurrency assets, which more than 20 percent of Black Americans own or have owned.

All but the last last bit sounds good.

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[–] [email protected] 20 points 1 month ago (1 children)

Everything Harris proposes is geared to generating generational wealth, building the middle class, and helping the working class.

Trump voters might like the pot they piss in, but I hope the other 70% of Americans wake up and smell what Momala is cookin'.

[–] [email protected] 5 points 1 month ago (1 children)

This is just a small gift to the black bourgeois who make up a small portion of the black population and need help the least.

What black people need is broad programs that help all people. Investment in inner City schools, free school lunch programs, affordable and public housing, Medicare for all etc. Black capitalism and neo liberal programs like this aren't going to help your average black person

[–] [email protected] 2 points 1 month ago* (last edited 1 month ago)

Or a return of the New Deal mortgage subsidies that black people were left out of the first time.

[–] [email protected] -1 points 1 month ago
[–] [email protected] -2 points 1 month ago

New York Times - News Source Context (Click to view Full Report)Information for New York Times:

MBFC: Left-Center - Credibility: High - Factual Reporting: High - United States of America
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Search topics on Ground.Newshttps://www.nytimes.com/2024/10/14/us/politics/harris-policies-black-men.html?unlocked_article_code=1.SE4._oLu.tI7-ShXPCojN
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[–] [email protected] -5 points 1 month ago (3 children)

Do you know how you can help black Americans? Reparations.

[–] [email protected] 23 points 1 month ago* (last edited 1 month ago) (1 children)

I don't see how that gets through Congress, whereas something more like this (but with much larger amounts of capital injection) has a better chance.

[–] [email protected] 15 points 1 month ago (2 children)

I'm not a big fan of the idea of reparations. The generational harm seems too great to fix with money. Besides, once there are any payments at all, you will get losers who claim that racism is over, because we paid it off.

[–] [email protected] 6 points 1 month ago

I don't believe reparations are politically possible right now, but "we can't fix the problem so we shouldn't even try" just doesn't feel like the right move here.

[–] [email protected] 1 points 1 month ago

You mean as opposed to the people nowadays saying that we eradicated racism because of an amendment ?

[–] [email protected] 9 points 1 month ago

Seems like the current plan is to just wipe out all generational wealth instead, for every ancestry. We've given up on a rising tide lifting all boats and instead we're draining the harbor.