IT IS PAST TIME WE EARN DR. KING’S DREAM!
Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.
These words resonate from Dr. King’s speech: “I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character.” Decades later, significant work is required to achieve this dream.
Since President Lyndon Johnson declared war on poverty, I have watched the five-decade failure to close the education gaps between Asian and White Americans versus Blacks/Browns and the poor. The government has spent Trillions of OUR tax dollars, and the results are APPALLING!
SEE APPENDIX 1.0 – EXISTING DISPARITIES
SHARE YOUR THOUGHTS AND RECOMMENDATIONS
Rev. Dr. Martin Luther King, Jr gave his life in his mission to move us forward as a country and a people. I believe a strategic vehicle for reducing poverty and closing the health and wealth gaps between people of color and whites is significantly improving education opportunities and, most importantly, RESULTS!
If we agree more is needed, please take the time to answer these three questions and send me your replies. Be as short or long as you wish.
- What can you as an individual do to help?
- What can your employer do to help?
- What can the State/Federal Government STOP, START, OR MODIFY?
Take as much time as you need, but please give this some thought and send your ideas/recommendations. You can add a comment to this blog or email me @ email@example.com.
ALL ANSWERS WILL BE RESPECTED.
CONCLUSION – IT IS PAST TIME WE EARN DR. KING’S DREAM!
EXERTS FROM DR KING’S “I HAVE A DREAM SPEECH”
“I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character.”
“We refuse to believe that there are insufficient funds in the great vaults of opportunity of this nation. And so we’ve come to cash this check, a check that will give us upon demand the riches of freedom and the security of justice…
We have also come to his hallowed spot to remind America of the fierce urgency of now. This is no time to engage in the luxury of cooling off or to take the tranquilizing drug of gradualism…
Now is the time to make real the promises of democracy. Now is the time to rise from the dark and desolate valley of segregation to the sunlit path of racial justice. Now is the time to lift our nation from the quick sands of racial injustice to the solid rock of brotherhood. Now is the time to make justice a reality for all of God’s children…
We cannot walk alone. And as we walk, we must make the pledge that we shall always march ahead. We cannot turn back…
This will be the day when all of God’s children will be able to sing with new meaning: My country, ’tis of thee, sweet land of liberty, of thee I sing. Land where my fathers died, land of the pilgrims’ pride, from every mountainside, let freedom ring.
And if America is to be a great nation, this must become true. And so let freedom ring from the prodigious hilltops of New Hampshire. Let freedom ring from the mighty mountains of New York. Let freedom ring from the heightening Alleghenies of Pennsylvania. Let freedom ring from the snowcapped Rockies of Colorado. Let freedom ring from the curvaceous slopes of California. But not only that, let freedom ring from Stone Mountain of Georgia. Let freedom ring from Lookout Mountain of Tennessee. Let freedom ring from every hill and molehill of Mississippi. From every mountainside, let freedom ring.
And when this happens, and when we allow freedom ring, when we let it ring from every village and every hamlet, from every state and every city, we will be able to speed up that day when all of God’s children, Black men and white men, Jews and Gentiles, Protestants and Catholics, will be able to join hands and sing in the words of the old Negro spiritual: Free at last. Free at last. Thank God almighty, we are free at last.” REV. DR. MARTIN LUTHER KING, JR.
APPENDIX 1.0: THESE STATISTICS DEMONSTRATE WE HAVE A NATIONAL PROBLEM THAT IMPACTS THE U.S.’ GLOBAL COMPETITIVENESS
African American students are less likely than white students to have access to college-ready courses. In fact, in 2011-12, only 57 percent of black students have access to a full range of math and science courses necessary for college readiness, compared to with 81 percent of Asian American students and 71 percent of white students.
Even when black students do have access to honors or advanced placement courses, they are vastly underrepresented in these courses. Black and Latino students represent 38 percent of students in schools that offer A.P. courses, but only 29 percent of students enrolled in at least one A.P. course. Black and Latino students also have less access to gifted and talented education programs than white students.
African American students are often located in schools with less qualified teachers, teachers with lower salaries and novice teachers.
Research has shown evidence of systematic bias in teacher expectations for African American students and non-black teachers were found to have lower expectations of black students than black teachers.
African American students are less likely to be college-ready. In fact, 61 percent of ACT-tested black students in the 2015 high school graduating class met none of the four ACT college readiness benchmarks, nearly twice the 31 percent rate for all students.
Black students spend less time in the classroom due to discipline, which further hinders their access to a quality education. Black students are nearly two times as likely to be suspended without educational services as white students. Black students are also 3.8 times as likely to receive one or more out-of-school suspensions as white students. In addition, black children represent 19 percent of the nation’s pre-school population, yet 47 percent of those receiving more than one out-of-school suspension. In comparison, white students represent 41 percent of pre-school enrollment but only 28 percent of those receiving more than one out-of-school suspension. Even more troubling, black students are 2.3 times as likely to receive a referral to law enforcement or be subject to a school-related arrest as white students.
Students of color are often concentrated in schools with fewer resources. Schools with 90 percent or more students of color spend $733 less per student per year than schools with 90 percent or more white students.
According to the Office for Civil Rights, 1.6 million students attend a school with a sworn law enforcement officers (SLEO), but not a school counselor. In fact, the national student-to-counselor ratio is 491-to-1, however the American School Counselor Association recommends a ratio of 250-to-1.
In 2015, the average reading score for white students on the National Assessment of Educational Progress (NAEP) 4th and 8th grade exam was 26 points higher than black students. Similar gaps are apparent in math. The 12th grade assessment also show alarming disparities as well, with only seven percent of black students performing at or above proficient on the math exam in 2015, compared to 32 percent white students.
There is a clear lack of black representation in school personnel. According to a 2016 Department of Education report, in 2011-12, only 10 percent of public-school principals were black, compared to 80 percent white. Eighty-two percent of public school educators are white, compared to 18 percent teachers of color. In addition, black male teachers only constitute two percent of the teaching workforce.
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I am a proud nerd (as my beautiful wife and daughter have told me) investment and finance blogger with an N.C. State, Chemical Engineering, University Rutgers, MBA and Harvard University, Advanced Management education.
I left a corporate career because I desired to make a difference as a speaker and writer. I was blessed to be coached and mentored by strong women and men in my family and professional life. It is my time to serve and give back.
I started my first business at ~13 years of age (a small but brilliantly created plant nursery). I am a successful investor in stocks, options, real estate and am happy to share my finance and investment lessons. I am NOT a licensed financial advisor. Please do not construe my suggestions on this blog as recommendations for your situation. As an investor, you must establish your risk/loss tolerance. Investment in any asset involves risk, including complete loss.
Please seek your licensed CPA or fiduciary financial advisors for individual financial advice.
I write this weekly blog to make an impact by reaching an audience and demonstrating the need for financial literacy. I will help you get there.