Earlier this year, JPM’s Racial Wealth Divide Initiative desk released an interesting report titled “The Racial Wealth Divide in Baltimore”. The report highlights the ever so growing wealth inequality that is spreading throughout America’s inner cities, and takes a dive into Baltimore City, Maryland.
If you’ve ever been to Baltimore City, Maryland, there are benches across the entire town that read ‘the greatest city in America’. This is a half truth, because at one point this was true, but not so much today with population hitting a 100-year low according to latest data from the U.S. Census.
Decades of deindustrialization and 50-years of democrat controlled leadership has certainly contributed to Baltimore’s demise.Think of Baltimore as a Hunger Game Society with the ‘Capital’ being the water front and the ‘Districts’ the so called ghettos. The ‘Capital’ is ever-so expanding, but the ‘Districts’ or the ghettos are shrinking. There are nearly 46,800 vacant row homes in the ghettos, where the homicide rate is 2x of Chicago’s…