“Most Of Us Will Never Benefit From the Affirmative Action of Generational Wealth.”
Michelle Obama Said the Quiet Part Out Loud
To understand their connection, two concepts must be clearly understood: Affirmative Action and Generational Wealth. In the minds of many, affirmative action is giving someone something they hadn’t earned because of the color of their ethnicity or gender. I'm afraid I have to disagree with that. I see it as a means to preserve wealth and power for the majority, establishing minimum quotas that are rarely exceeded and maintaining the status quo. But for this story, giving someone something they didn’t deserve works just fine.
Generational wealth is the passing down of assets from one generation to the next. It’s like beginning a game of Monopoly and already owning Boardwalk and Park Place, while others go directly to jail without passing Go and not collecting $200.
In America, there is no royalty and no titles to pass down. Some families made their money in questionable ways but have attained respectability. Families with the oldest money in the United States sold gunpowder and liquor. They grew rich off the shipping and sale of human beings. Some were railroad magnates, exploiting the labor of others to lay the tracks. The grandfather of a current presidential candidate made his…
