Finance

How to Fight Racism…Financially

“If Black people started getting million-dollar Life Insurance Policies, the police killings would immediately stop.” 

May 25, 2020, George Floyd was killed at the hands (really knee) of former Minneapolis policeman-naow-convicted-murderer, Derek Chauvin. From May 26th to August 31st, the police killed another 288 people. The same day Chauvin was pronounced guilty, 15-year-old Ma’Khia Bryant was fatally shot by police in Columbus, OH. She was one of six police shootings 24 hours post-verdict! A few weeks before, Andre Hill (age 47) was shot and killed by former cop Adam Coy. April 11th, Daunte Wright (age 20) was murdered by Brooklyn Center, MN officer, Kimberly Potter, who claimed she mistakenly pulled her gun despite tasers being known to be significantly lighter in weight and having bright neon colors to help tell the difference.

Police could’ve used tasers instead of guns in each encounter. Since 2005, 15,000 have died by police—that’s 1,000 annually. Only 104 officers have been charged with a mere 35 convicted of any crime.1 

Unarmed Black people are four times more likely to be killed by police. This civil disparity is continually evident: 

1) June 2015, after shooting nine Black people in a Charleston, SC church,  Dylann Roof was taken by police to Burger King before being booked. 2) October 2020, Lithia, FL, Nicholas Furgason (age 21) stabbed a cop in the neck and then fled. Deputy Charles Williams’s bodycam showed him changing from his gun to tase Furgason without taking his life. 3) On March 16, 2021, eight people, including six Asian-American’s, were gunned down in Atlanta, Georgia. April 22nd—just 37 days later—the  COVID-19 (Asian) Hate Crimes Act, passed 94-1. 

Black people have been the victim of hate crimes since we were brought here to be enslaved, and still, there are no hate crime laws for us! 

When will we realize chanting “Black Lives Matter” and “Hands up. Don’t shoot”  doesn’t work? What does work? Re-read the quote at the beginning of this piece… 

The life/annuity insurance sector totaled $678.7 billion in 2019. If we made sure we’re properly insured, insurance companies would demand and get police reform because death benefit payouts are a major financial loss for them!  Simple, we know what talks; not politricks, not marching, not voting…  shmoney! 

This strategy can lower police brutality AND simultaneously build Black wealth, empowering us for generations! Once we self-determine economically, congress may begin to take us seriously. Even if the killing of our people doesn’t decrease, properly insured, our families are able to create sustainable lives that enable living off annuities. This is the way of the rich! 

Want to know how to use insurance as a wealth-building tool? I invite you to join the Cryptowoke Financial Sustainability Movement. I’ll show you how to live off your savings and investments using insurance and other methods without needing a job. 

Join the Cryptowoke Financial Sustainability Movement 

M’Bwebe Ishangi, Founder and Author 
A Pot to Piss In: Intergenerational Wealth Planning for Black People 
Cryptowoke Financial Sustainability Movement 
cryptowokemovement.com 
cryptowokemovement@gmail.com 
Facebook & Instagram: @cryptowoke

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