That is very true. But those who make this argument generally want to focus exclusively on perpetrator perspectives, and ignore the fact that poverty and disenfranchisement have generational effects.
But once you start down that road, where do you stop? There has been a lot of disenfranchisement, poverty, oppression on many side in history going back centuries. Should I get reparations from Turkey for their occupation between 14th and 19th centuries for example?
And how long shall the past be held as an excuse? When does personal responsibility kick in? There is a lot of talk about blacks having a much lower net worth than whites. The assumption is that it's all, or mostly, due to so-called "systemic racism" or discrimination. But is it?
I live in Atlanta. I see a disproportionate number of blacks drive fancy cars - BMWs, Mercs, Porsches. Cars are a depreciating asset that does not build net worth in the long run. Blacks also tend to care about fashion labels - Louis Vuitton, Gucci, Burberry etc. and shoes - Air Jordans, Lebrons etc., more than other groups. Not everybody, of course, but on average.
I am not the only one who notices it.
The Atlantic said:
About seven years ago, University of Chicago economists Kerwin Kofi Charles and Erik Hurst were researching the “wealth gap” between black and white Americans when they noticed something striking. African Americans not only had less wealth than whites with similar incomes, they also had significantly more of their assets tied up in cars. The statistic fit a stereotype reinforced by countless bling-filled hip-hop videos: that African Americans spend a lot on cars, clothes, and jewelry—highly visible goods that tell the world the owner has money.
Inconspicuous Consumption
Rest of the article is behind a paywall unfortunately.
The paper it references is open, but it is long, and I did not have time to read the whole thing. It lacks tables or graphs too, which is unfortunate. Data visualization is important.
That affects building net worth even with a good salary. So disparate outcomes are not necessarily due to past discrimination, no matter how much you race warriors want to pretend that it is.