Economics

The Dismantling of White Privilege Can Affirm Reparations

Published

7 years ago

June 28, 2019

God on Wall Street

Last week, the nation heard Sen. Mitch McConnell suggest that the election of Barack Obama has satisfied America’s appetite for reparations. To suggest that the benevolence of America’s racist culture allowed a Black man to become the first Black president, prompts a discussion on privilege.

When we can look white privilege in the face and negotiate it, we can look towards more reconciliatory language. We think that this discussion is about racism, and it is; however, if we were to look deeper into the pupils of white privilege, we would discover that the real discussion is about classism. In his essay, “The Souls Of White Folk,” I read where W.E.B. DuBois said, “My poor, un-white thing! Weep not nor rage.

I know, too well, that the curse of God lies heavy on you. Why? That is not for me to say, but be brave! Do your work in your lowly sphere, praying the good Lord that into heaven above, where all is love, you may, one day, be born – white!”

DuBois strikes a familiar tune when he says, “work in your lowly sphere…” And one of the reasons that reparations is not a bigger discussion today is because for too long, we have been accustomed to working in lowly spheres.

We need more entrepreneurs, more brothers and sisters in colleges and universities around the world, and we need to claim our independence. And we need to stop worshipping white men, and they need to be relieved of the thoughts that they are clay demi-gods. When poor white folk understand that they are no better than anything Black, we will have different conversations surrounding reparations.

As I listened to Ta-Nehisi Coates and the Bay Area’s, Danny Glover respond to the logic of the reparations debate, the name “George Stinney,” came to mind. George Junius Stinney Jr., was an African American convicted at age 14 of the murders of two white girls ages 7 and 11 in 1944 in his hometown of Alcolu, South Carolina.

He was executed by electric chair in June of that year, still only 14. To read the account of this unjust act, and its horrific ending, only uncovers the need to dismantle white privilege. Because the chair was designed for an adult, and not for an adolescent, this increased the torture of the moment.

Another sign to say that there are no benefits in being Black in America. We need this discussion. If it does nothing more than waking up a dormant Black community, we need to dismantle white privilege.

Rev. Curtis O. Robinson, Sr.

Posts by Rev. Curtis O. Robinson, Sr.

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Oakland Post: Week of March 18 – 24, 2026

The printed Weekly Edition of the Oakland Post: Week of March 18 – 24, 2026

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2 weeks ago

March 22, 2026

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Oakland Post: Week of March 11 -17, 2026

The printed Weekly Edition of the Oakland Post: Week of March 11 – 17, 2026

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3 weeks ago

March 17, 2026

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Advice

Women & Wealth: Tips for Navigating Your Lifelong Financial Journey

Published

3 weeks ago

March 15, 2026

Oakland Post

Sponsored by J.P. Morgan Wealth Management

We are in the midst of a seismic shift in wealth. This phenomenon, often referred to as the “Great Wealth Transfer,” describes the unprecedented movement of assets from the Baby Boomer generation to their heirs – an estimated $105 trillion by 2048. And women are poised to inherit most of this.

J.P. Morgan Wealth Management’s 2025 Investor Study found that women are not only set to receive significant wealth – they’re actively working to build it on their own. Ninety-three percent of women surveyed who are expecting an inheritance aren’t relying on it to reach their goals.

Here are a few tips for women to consider in their wealth-building journey:

Create a financial roadmap

A detailed, well thought out plan is important. J.P. Morgan’s study found that 90% of those surveyed with a plan feel confident about reaching their financial goals, compared to 49% without one.

Your plan should reflect your unique goals, priorities and circumstances. Consider your investment horizon and risk tolerance, and remember to revisit your plan regularly as life evolves.

Are you saving up for goals like buying a house, sending your kids off to college or retiring early? Where do you want to be in the next five, ten or twenty years? Everyone’s financial situation is unique, so it’s important to think about these questions and build a plan that is unique to your life.

Women tend to live longer than men on average. Many take career breaks or care for family members, which can influence long-term planning. It’s important to adjust your strategy with these factors in mind.

Where to start with investing

Don’t let misconceptions hold you back. Starting to invest doesn’t require a large sum, and beginning early can be beneficial. The earlier you start, the more time your money has to potentially grow over the years. Understand your overall financial situation, set clear goals and develop a long-term plan.

It’s important to also make sure you’re covered for unexpected expenses that come up before you start to invest. Build up a cash emergency fund, typically enough to cover three to six months of expenses, and pay down any high-interest debt.

Taking charge of your finances

The good news is that women are taking charge of their finances. J.P. Morgan’s research found that 75% of women respondents make financial decisions with their partner or take the lead themselves. For those who have a spouse or partner, it’s important for each person in the relationship to play an active role in the process.

Building wealth can be empowering for many women. The same survey found that 73% of women respondents said money gives them “security,” while 64% of Gen Z and Millennial women associated it with “freedom.”

The power of having a team

Some people find it helpful to work with a financial advisor, so you don’t have to tackle things alone. An advisor can help you craft a plan tailored to your needs and keep you on track throughout your lifelong financial journey. If you expect to receive an inheritance, you should also consult with estate planning and tax professionals.

No matter where you are on your wealth-building path, education is key. It’s so important to be an informed investor, and there are plenty of resources out there to help. You can find a library of free educational resources at chase.com/theknow.

As the landscape of wealth continues to evolve, women have a unique opportunity to shape their financial futures and those of generations to come. By staying informed and planning ahead, women have the tools to help them confidently navigate the Great Wealth Transfer and set themselves up for financial freedom.

The views, opinions, estimates and strategies expressed herein constitutes the author’s judgment based on current market conditions and are subject to change without notice, and may differ from those expressed by other areas of J.P. Morgan. This information in no way constitutes J.P. Morgan Research and should not be treated as such. You should carefully consider your needs and objectives before making any decisions. For additional guidance on how this information should be applied to your situation, you should consult your advisor.  

JPMorgan Chase & Co., its affiliates, and employees do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transaction.  