The YAS Vision & Mission
suppression and transcend systemic injustices.
To unify Black people and minorities in the Fight against marginalization. inequality,
and alienation. To transform minds, teach wealth creation solutions, educate to
eradicate poverty, relate, collaborate and seek others on the same mission.
YAS Lives Matter upholds the following core values:
- Understand historical reasons and how they affect mindsets
- Expose solutions to healthy race relations
- Support, teach and empower Black communities to break circles of generational poverty
- We deal honestly and truthfully with institutions empowered to redress racial injustice.
- We reach out to communities in inner cities to give them back their dignity and tell them - they are Somebody.
- We preach unity of races, unity of purpose and the right of all Americans to access equal economic opportunities and break the circle of racially instigated poverty.
The Race Problem:
Historical exclusion of Black people to pathways of opportunity and upward mobility, coupled with discriminatory policies and institutional segregation practices have over the years created deep social and economic inequality between White people and Black people.
The Coronavirus pandemic caused an economic recession hitting disproportionately at Black people and revealing a widening wealth gap.
In response to the pandemic, Congress passed the Coronavirus Aid, Relief, and
Economic Security (CARES) Act which created the Paycheck Protection Program
(PPP). a lending program meant to provide money to small businesses to help them weather the effects of the pandemic.
During allocation of the PPP funding America’s discriminatory race problem reared
its ugly head. A study done by The National Community Reinvestment Coalition to
detect discrimination by using a pair of testers of different races revealed differences in treatment from financial institutions.
The results indicate troubling disparities detected prior to the COVID-19 pandemic in 2017, and 2019 – this disparity was continued with the implementation of PPP
Long after signing of the Civil Rights Act, and many other progress affirmative Bills.
Black people still face economic discrimination in their quest for wealth creation.
The research found the following differences in how White and Black testers were
treated, it found:
- A difference in levels of encouragement in applying for a loan.
- A difference in the products offered, and,
- A difference in the information provided by the bank representative.
The study found that in 43% of cases, Black testers received a difference in treatment, with the White tester receiving more favorable treatment as compared to the Black tester in the PPE grant application.
Even though the SBA guidelines state that any business that meets the SBA size
standard, which is a businesses with less than 500 employees, 501(c)(3) non-profit organizations, 501(c)(19) veterans organizations, sole proprietors, independent contractors and self-employed persons affected by coronavirus were considered to be eligible – not many black owned businesses accessed the funding leading to mass closures.
Between February 2020 to April 2020 The number of Black businesses lost was twice that of the national business loss rate.
One reason is – a number of Black businesses were in sectors heavily impacted by COVID-19. The second reason is - Black owned businesses reported difficulties in accessing PPP funding.
A survey conducted by Color of Change and UnidosUS revealed that only 12% of
Black and Latinx owned businesses were successful in receiving the full funding
amount that they requested. It also revealed that 41% of Black-owned businesses had not received any assistance.
The analyses revealed that White testers were encouraged to apply for loans with the financial institution more often than Black testers. Bank employees informed White testers that they would qualify for a loan but did not tell the same to Black testers with similar credit profile.
Here are some specific examples of this difference in treatment quoted from the
- The Black tester was asked where he banked and said “that I normally bank with XXX and did not have an account with YYY. She apologized but explained that without an account, they wouldn’t be able to assist.” – The White Tester was “asked where I currently banked, and explained that I would need to open a business checking account to establish a relationship with YYY before I would be able to apply...She assured me that she would send information on both the PPP loan and small business loan via email, as well as a list of the required documents I would need to submit [to open a business checking account].”
- When the Black tester called, they were told before receiving any information about products they would need to come into the bank in person. “She told me that since I was not a current XXX customer that she would have to physically identify me. She offered to make [an] appointment for me to come through the drive through so she could identify me and view my state issued ID or driver’s license.”
- The White tester was given specific information about a line of credit and
secured loan including interest rates, fees and approval times.
These differences in treatment may not have affected every Black person who applied for PPP funding, but it’s a troubling trend of racial marginalization that plagues America today –
YAS Lives Matter Aims to:
1. Deal with the historical root of the race problem – understand Where and how
race became an American problem and why history still dictates how the two
races relate to each other.
2. Instill a sense of pride into young Black Americans by connecting them to
forgotten historical figures of Black men and women who excelled in spite of
discrimination, and segregation
3. Expose systemic injustices inculcated in societal mindset of White America
calculated to keep Black People in subservient state and abject poverty. –
4. Help instill a wealth creation mindset in Black people and other minorities -
teach them systematic homegrown wealth creation solutions - Unify Black
people and minorities to fight economic marginalization – using time tested
Cooperative solutions that have worked in other countries.
The YAS Lives Matter Three Tier Solution
To help Poor marginalized Black People and other minorities build equity and create sustainable wealth - YAS Lives matter provides a three-tier solution:
- Change of Mindset – Teach black people it’s not enough to live from paycheck to paycheck.
- Change of Culture – introduce a saving culture by encouraging Community saving solutions.
- Create Credit and Housing Cooperatives – Encourage Community members to create and save with Cooperatives - Use these cooperative to leverage and buy underutilized rundown property in their neighborhoods, gentrify and lease them back to Co-operative members who can either occupy them or rent them out earning the cooperative rental income and benefiting the co-op members.
The first two steps involve teaching communities and neighborhoods through
Churches and government sponsored community programs.
The third step is more pragmatic and proactive. It’s about Black People taking charge of their own economic empowerment. Analyzing through existing legislation at state and federal government level with a fine tooth comb to mine government sponsored legal tools that support cooperative economic empowerment.
The Segregation Problem:
Years of Historical marginalization have left many average Black families struggling
to hold on to any little investment they can accrue. Those lucky enough to break
through the circle of dilapidation poverty escape to the suburbs and leave behind a
flood of bad memories.
But race still pursues Black people to the Suburbs - Studies show that a typical Black family lives in a neighborhood that is 35 percent only white. This hasn’t changed since the 1940’s when the average black resident lived in a census tract where non-Hispanic white residents represented 40 percent of the total population.
The Civil Rights Act was meant to cure all racial wrongs. But Despite strides made since the passage of the Civil Rights Act, Housing disparities still dog Black people in terms of access to Home ownership. A racially segmented housing market has confined Black Americans upward economic mobility.
The two-tier approach to housing policy promoted residential segregation. The federal government’s support for home ownership systematically selected white borrowers while excluding Black People and other people of color.
The HOLC, in particular, institutionalized redlining as a way to evaluate the quality of neighborhoods based on their racial and ethnic makeup.
Segregation, disparate access to credit and home-ownership, and the consistent
devaluation of homes in black neighborhoods combined to constrain Black people’s ability to build equity and accumulate wealth through home ownership.
The Fair Housing Act aimed at dismantling segregation in housing and combating
discrimination in Home ownership has not done much thanks to weaknesses in fair housing enforcement. Housing discrimination and segregation keep shifting and like the proverbial nine headed dragon keeps rearing a new head every time Black people try to build equity.
YAS lives Matter is a sensible voice of reason - offering time-tested solutions that call all agencies (government and non-governmental) - all Black people and other
minorities to take proactive action and diffuse a societal time bomb ticking under the post-pandemic economic stress.