According to Money magazine’s July 2015 issue, Americans pay $7 billion annually on basic bank charges for things like “failing to meet minimum balance requirements and monthly account maintenance.” Americans also pay approximately $32 billion a year for overdraft fees.
“I’m a daughter of Africa. It may be business, but at the end of the day I want to see my continent succeed.”
“As segregation ended, white merchants broke the virtual lock on black dollars that the once insular African-American community held. Ultimately, the outflow of black dollars from the Greenwood District, first drip by drip, then in a steady stream, and finally in torrents, left a parched, barren wasteland- failing businesses, deserted streets, and vacant buildings.
The opening up of the Tulsa economy afforded African-Americans choice. At the same time, it eliminated self-sufficiency by forcing the smaller, often undercapitalized, sometimes marginal African-American businesses out of the market. By 1961, more than 90% of African-American income- some $12-15 million- was spent outside the Greenwood District.” -From, “Black Wall Street” By: Hannibal Johnson
According to Money Magazine’s March 2015 issue, the following states are the top five states in the U.S. to have an emergence of new businesses. The results are adjusted according to population.
3) South Dakota
I’m surprised New York, which is known as “The Empire State,” isn’t in the top five.
PLEASE PASS THIS ON! (EACH ONE TEACH ONE OR TWO!) THIS IS PHASE ONE ON HOW WE CAN HELP TO STRENGTHEN & EMPOWER OUR COMMUNITY:
The 2008 not guilty verdict in the Sean Bell case evoked outrage, emotion, and debate. It is not an anomaly that the police officers involved in the Sean Bell slaying were acquitted of all charges on all counts in State Supreme Court. I could run out of ink printing the names of people who have been victimized by the inaptly named justice system.
The American justice system has been especially terroristic towards the African American community. Many community members can cite historic and personal accounts to prove this. Therefore, it would be foolhardy (at the least) to turn to a system that has methodically oppressed us, and request that they free us. We can only free ourselves through extreme discipline and intelligent planning.
As a community we have been too compliant with leaders who organize ineffective, delayed reactions. The only strategy that can save us in this last hour is one that calls for a collective code of conduct that will be conducive to improving the conditions of our community, and shifting the paradigm of how we are treated by outside entities. The first step of this code of conduct should be based on economics.
The old adage of “money talks,” still reigns true in the new millennium. Any political scientist worth his or her library card will tell you that: “Economic powerlessness equals political powerlessness,” and conversely “economic power equals political power.” This means that if we continue to allow our wealth to be extracted from our community, we will remain impotent.
The power of the collective “Black Dollar” is often discussed. However, that power has been left unchanneled. Today is the day to change that. A one-time boycott is not going to bring long-term change and respect to our community. Our community has launched boycotts before. Our success and ascension will be based on what we consistently do. For this reason, we should initiate “BUY BLACK FRIDAYS.”
BUY BLACK FRIDAYS is a small step towards our community acquiring power via controlling our economics. Every Friday, people who acknowledge the injustice and oppression that the African American community has been consistently subjected to should do one of the following:
Option #1: Spend $0 on Friday
Option #2: Spend no more than $10 on Friday
Option #3: Only Shop at Black Businesses on Friday
[PLEASE NOTE THAT THE ABOVE OPTIONS CAN & SHOULD BE EXERCISED ON A DAILY BASIS. However, we can all at the very least focus on Fridays. This way we can take a collective stand and build our collective discipline. Please remember that this is only Phase 1!].
To the people who are tempted to label “BUY BLACK FRIDAYS” as racist, I say this: In the big scheme of things, this is about right & wrong, justice & injustice. The African American community is a strong, proud community that has endured the brunt of America’s iron fist. We must stop the pounding. I feel that any fair-minded individual will concur, and join in.
ANY business that is privileged to enjoy the support of the African American community MUST return that support.
I thank you in advance for your effort and dedication.
-Elsie Law AKA Starface
“Prior to passage of the 16th Amendment to the Constitution in 1913, taxes on income were illegal in the United States. Since the introduction of the personal income tax, the average American works almost 7 months of each year just to pay taxes.” -From, “Empower The People” By: Tony Brown