081024 Way Black History Fact - $600 Billion Stolen from Black Americans

stole six hundred billion dollars from Black Americans. Andrew W. Carl, a professor of history and African American Studies at the University of Virginia, but extensive research into 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 reported the Black Tax, one hundred and fifty years of theft, exploitation, and dispossession in America, share 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 Jimcrow era. The book pairs personal stories with rich details about municipalities nationwide that use, complex tax collection, distribution to white land and property owners, and economic dynamic spanning over a century of US history. Starting in the late nineteenth and early twentieth centuries, unfair tactics were used to doubtedly disadvantage black landowners doubly Ooh,

I'm sorry. Disadvantaged 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 JR. 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 nineteen eleven, Edmundson, Arkansas, encompassed thirty square miles of stores, a bank, a hotel, and a post office for black local black homeowners. However, twenty years later, the town was no more after white plantation owners plotted to seize the land by imposing taxes on the lots the Edmondson 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 the buildings in nineteen twenty, Hillary, I know, I just read over that like it was just a little footnote in history. But imagine how sad

that is. In nineteen twenty, Hillary, Thomas Stewart Senior lost twenty four acres of land in a tax sill under dubious circumstances after the great great grandfather of George Floyd failed to pay eighteen dollars and eighty three cents in taxes.

Losing the land forced the Stuart family into poverty. When looking at the eleven million acres of land taken away from Black Americans, it equates two three hundred and twenty six billion dollars in today's money, not to forget the millions and taxes black Americans have overpaid for over a century. From eighteen seventy to twenty twenty, black Americans were overtaxed by more than two hundred and seventy five billion dollars

in twenty twenty three dollars. Karl 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 Mara's 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 households or those residing in historically neglected areas. Another option would be to impose taxes on the wealthiest individuals in the US. The Black Tax one hundred and fifty years of Theft, Exploitation and Dispossession in America is available now for thirty five dollars through the University of

Chicago Press. So that's also a bob Ob get that book and read it.