Denied access to land, Black households were then subject to racist policies of redlining, contract buying, and land devaluation. But that's not all.
The next time you hear someone collectively ask the black community "What do you have to lose?" please tell that person the answer: $1.2 trillion.
Houston, we have a problem. Hillary Clinton's campaign has run into a major speed bump and it's called Bernie Sanders. As we move toward the day of reckoning known as Super Tuesday, she's dialing up Black America to answer the call to action.
West appears to be deep in the negative. While his public relations team may try to clear this up in the coming days, what is already clear is an era of black opulence is nearing its end.
"Black folk, in the era of Obama, have lost ground in every major economic category."
In the report "Who Owns the Land," the U.S. Department of Agriculture disclosed all of Black America only owns just under 8 million acres. In fact, it was further explained that African Americans own less than one percent of U.S. rural land, worth a mere 14 billion dollars.
The typical African American reality was far different than the Cosby dream. With the Cosby show's meteoric rise Americans of all hues slowly forgot this truth hidden behind the decadent veil of their multi-million dollar Brooklyn brownstone.