"And because of past and present discrimination, they are much less likely to own their own homes, which is why blacks have, on average, only one-seventh the net wealth of whites."

Umm....no. Minorities in the U.S., through programs such as Affirmative Action have actually a leg up when it comes to advancement opportunities than their comparative white counterparts. That doesn't mean you are given a free ride - you still have to apply yourself, study and work hard. And this is where they fall short. Pretending minorities are perpetual victims only enables them to stay their present course which is not one of much success.