Earlier this year, JPM’s Racial Wealth Divide Initiative desk released an interesting report titled “The Racial Wealth Divide in Baltimore”. The report highlights the ever so growing wealth inequality that is spreading throughout America’s inner cities, and takes a dive into Baltimore City, Maryland.
If you’ve ever been to Baltimore City, Maryland, there are benches across the entire town that read ‘the greatest city in America’. This is a half truth, because at one point this was true, but not so much today with population hitting a 100-year low according to latest data from the U.S. Census.
Decades of deindustrialization and 50-years of democrat controlled leadership has certainly contributed to Baltimore’s demise. Think of Baltimore as a Hunger Game Society with the ‘Capital’ being the water front and the ‘Districts’ the so called ghettos. The ‘Capital’ is ever-so expanding, but the ‘Districts’ or the ghettos are shrinking. There are nearly 46,800 vacant row homes in the ghettos, where the homicide rate is 2x of Chicago’s…
In JPM’s report, Baltimore’s population is 63% black, 28% white, and 9% other. The median income for a white household is nearly 2x the income of the average black household. Unemployment is nearly 3x higher for the ‘race of worker of color’ with nearly 1/3 having a net worth of zero.
The housing segregation between blacks and whites is visible…
The black population of Baltimore City, Maryland has absolutely been destroyed by 50-years of Democrat controlled leadership.
As Baltimore shrinks, the inverse of vacant structures expands with an interesting correlation of higher homicides.
What I’m about to show you is a unique visualization of America’s wealth inequality through an aerial experience of Baltimore City, Maryland.
In the video, we start 1-mile north in East Baltimore, where the homicide rate is 2x higher than Chicago, and row homes average around $20,000.
I then take you on a +5280 feet adventure into an area where life is great and row homes average $375,000 to >$500,000. In retrospect to distance, 5280 feet is all that divides the poorest and richest of American.
The mainstream news is not allowed to show you this perspective of reality, because it destroys the narrative. Baltimore City’s public relations desk will not show you this because the good PR needs to continue to sucker millennials’ into over priced real estate.
The more we ignore our inner cities the longer it will take to find solutions.
The sad truth is there are no solutions today, because we wouldn’t be having this conversation. The storm is here and it’s going to get a-lot worse for America’s inner cities before it gets better.
via http://ift.tt/2uItBFs Tyler Durden