Week 12- Wealth

(A post I had drafted but realized I never posted)

I think Shapiro’s book was really valuable. I really enjoyed that he explored the wealth gap. Back in Week 3 I spoke about how I was scared that Blacks would never truly be able to reduce this wealth gap. So to be able to look at all the different reasons why there is wealth gap between Blacks and Whites was nice. I especially liked how when he talked about inheritance he expanded besides just receiving monetary funds and possessions after one’s parents die to being offered financial help in any way shape or form. I think the example comparing Kathryn to Vivian was very helpful in conceptualizing that. I think all the interviews her performed were very helpful. I liked how he used all different forms of research to support his claims. I do wonder what effects fixing the wealth gap will have on the rest of the Black community. What I mean by this is what tangible effects can we see after the wealth gap is reduced. One thing I can see happening is more upward mobility for Blacks because there will be more wealth and help to get them there. But will closing the wealth only really help Blacks in the middle or upper classes. If it does help poor Blacks, in what ways will it truly help them? I definitely think this wealth gap needs to go but I wonder how effective will ending the wealth gap be.