Kevin L. Matthews II, M.S.
@BuildingBread
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Author of From Burning to Blueprint: Rebuilding Black Wall Street After a Century of Silence. Bylines at @businessinsider, @FortuneMagazine #HamptonU
Raleigh, NC
Joined July 2010
Today, Silicon Valley Bank (SVB), the nation’s 16th largest bank, COLLAPSED. Here is a rundown of what happened in plain English. 🧵
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I've been quietly sitting on shares of $ORLY for a mightly long time lol😭
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Is SCHD the best dividend ETF of all time? Asking for research.
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My YouTube channel crossed 10k subs! #10kcreator
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Ladies and gentlemen this is what we call follow-through 🙏🏾
My very first book proposal was submitted today! I'll be keeping track here on a thread.
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It's cheap for a reason…and not a good reason lol.
Walgreens $WBA so cheap it’s hard to ignore… Anyone buying here?
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He got a point!
If Democrats and Republicans are the same, why are only Republicans working to erase the advanced study of Black history and culture in public schools? First Florida, now South Carolina.
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If you believe no one needs permanent life insurance, you don’t understand personal finance If you believe everyone needs permanent life insurance, you don’t understand personal finance
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We have to find a way to outlaw airlines forcing you to pay for a seat after you have already paid for a damn ticket. If that wasn't already apparent, WTF were you paying for then?
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🚨BREAKING: ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal according to Bloomberg
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🚨BREAKING: T-Mobile to buy US Cellular's wireless operations in deal valued at $4.4 billion…I totally forgot U.S. Cellular existed.
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The quote is from the book: The Black Tax by Andrew W. Kahrl
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Whether it is student loans, DEI, diversity scholarships and programs, affirmative action, even Civil War history, if it stand to benefit African Americans, there is going to be a fight. That concludes today's lesson.
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To be clear, Black people paid taxes back then and arguably more that most white people because they were subject to poll taxes and other taxes that were exclusively because of race.
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Student loan forgiveness could have helped close the racial wealth gap. The Roosevelt Institute found student debt relief would substantially improve the financial security of Black & white borrower households & have profound impacts for the asset security of Black househols.
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Does that sound familiar? It was often poor, rural white, non-college grads seen as the victims of the forgiveness program.
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One farmer in South Carolina wrote in disgust, "Every little n*** in the county is now going to school and the public pays for it. [Our] lands principally are taxed to pay for them."
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There was a movement of white “tax payer groups” that worked with the KKK to dissolve Reconstruction efforts. Their pitch was to show Black beneficiaries of tax-funded institutions, to convince poor whites that the taxes payed were aiding and assisting former slaves exclusively.
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So, here’s the thing about that argument and how it goes back to Jim Crow. During Reconstruction African Americans were gaining land (paying inflated property taxes) and political power.
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