>American blacks: compound debt
>American immigrants: reset (bankruptcy if poor)
Can you explain this? Why would compound debt exist for blacks but not for anyone else? Why would poor American whites be labeled under "compound interest"?
That seems like generalizing based on skin color.
Blacks were slaves, whites and immigrants were not.
Can you picture slavery as digging out of a hole (debt)? Until breaking even, you are subject to compound debt.
Yes, immigrants do well within a generation or two. Blacks have only had civil rights for a generation. White males not only have always rights but made them.
Yes, I'm generalizing based on skin color. That is literally what race is.