On Feb 20, 2008, at 5:35 PM, Julio Huato wrote:
> Doug wrote:
>
>> I read once that Andrew Hacker asks his white students at Queens
>> College how much compensation they'd ask for for having been born
>> black. The average is around $1 million.
>
> That would add up to $39 trillion, about three times the U.S. annual
> GDP -- a good chunk of current U.S. national wealth.
Indeed. The Fed publishes, in its flow of funds accounts, an estimate of total financial assets. It's around $140 trillion.
Doug