Saturday, October 10, 2015

The Black Lives Matter Foundation

A large majority of the black American population is facing an existential crisis. Dope, family disintegration, poor education and a lack of infrastructure have been plaguing these millions for years.

They have been the target of large scale attempts to improve their environment. Some of Lyndon Johnson's "Great Society" programs were targeted for black Americans ( Then there was school busing and affirmative action and generous welfare regimes. The outcome is generally regarded to be a catastrophe with vast numbers of black Americans suffering from ever worsening drug, domestic, educational and infrastructure problems. 50+ years, countless billions of dollars and very little to show for it.

It seems obvious, given all that has been tried, that solutions which depend on conventional American policy preferences have failed miserably. Internecine  war is well underway and claiming new victims in black America every day.

During the period of time that has elapsed since the 1960's civil rights offensive  there has been another, parallel, development that has transformed a small but important part of the black community.

Racial barriers to success in sports and entertainment have been removed and declared dead. One noteworthy result of this development has been the accumulation of a vast amount of wealth by some black Americans.

  • It is reliably reported that there are about 35,000 black American millionaires as defined by the IRS; assets - liabilities - the value of one's primary residence (Dr. D. Kimbro, "The Wealth Choice"). 35,000 millionaires means that they hold, cumulatively, at least 35 billion dollars. That is not assets it is net worth. The remainder after deducting their liabilities.

  • We know that they hold a great deal more wealth than that. In fact, the ten wealthiest black Americans hold, between them, 14.6 billion dollars (, so the group of 35,000 can be said to have net worth of at least 49 billion dollars. If half of them have net worth of 10 million dollars and the rest net worth of 1 million dollars then the value of all their net worth would be at least 200 billion dollars. The total is likely closer to 350 billion dollars.

These black American millionaires and billionaires (there are only 2)  are easily identifiable. Many of the top 10 are household names; Oprah, MJ, Magic, Tiger and Bill Cosby. We can all name dozens of others; Charles Barclay, Lebron James, Dwayne Wade, Shaq, Kobe, Chris Rock, Morgan Freeman, Barack Obama and so on. No doubt there is a mailing list that identifies them all.

They should create and fund The Black Lives Matter Foundation and proceed to attempt the rescue of their brethren from an existential crisis.

That neither federal, state nor local governments are capable of dealing with the problem is apparent. That there are more black Americans succeeding in less spectacular ways than the millionaires is not arguable. At least that has been accomplished. That many millions more are trapped in an endless cycle of poverty and self-destruction is similarly not arguable.

There is precedent for the members of a community who have succeeded banding together to save those of their brethren who have not. Wealthy American Jews, that very small proportion of Jews who found great success, spent what had to be spent to save the rest of us. Government was no help. Antisemitism was rampant. Our benefactors built hospitals, schools, community centers, in other words, infrastructure. This was not accomplished overnight. But, as is obvious to anyone who cares to see it, it has been wildly successful.

It is, in my opinion, time for that newly minted class of extremely wealthy black Americans to coalesce, assert themselves and commit a portion of their vast wealth to saving their people, as ours were saved. The government has demonstrated beyond any reasonable doubt that it is entirely incapable of ameliorating these problems. Some of the reasons government fails so badly at these efforts are baked into the nature of government and the motives of politicians. Government is not a philanthropic undertaking. Politicians are motivated differently than private philanthropists. There is no one else to rely on but yourselves.

Privately funded community centers based on the Jewish Community Center model could provide, free of charge (or otherwise depending on your preferences) supplemental education, job skills training, productive living training, day care services, legal services, drug treatment, food, shelter and an oasis of safety in otherwise turbulent neighborhoods.

No decent medical services in  the neighborhood? Build some, we did. You have vast and rapidly growing resources, use them and save your people.

I have no doubt that many of our black American millionaires are very charitable. I believe their charity is being largely wasted in a low-key scattershot approach to  solving a problem of immense proportion.

You can do it. It has been done before. In fact we built and generously support an entire country, Israel. You are fortunate to have a country. So build your neighborhoods.

1 comment:

  1. How about we relegate the forced confiscation of income to the ash heap of history wher it belongs?

    Immediately outlawing Teachers Unions and giving poor families education vouchers would do more for Blacks than any single action.

    Alas, the Democrat Party is bought and paid for by the NEA. Until that changes, nothing changes.