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Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Blacks:

Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Milton Friedman: Those hurt most by the minimum wage! - YouTube

Friedman explains the people hurt most by the minimum wage laws are blacks. It is (was?) the most anti-negro law on the books.

CLEARLY not a "culture" problem:lol:

Yeah, uh, no. Nice strawman though.

If an objective law negatively affects blacks more than whites, that's on them.

Reproductive rights affect women more than men. Are they anti-male?
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Yeah, uh, no. Nice strawman though.

If an objective law negatively affects blacks more than whites, that's on them.

Reproductive rights affect women more than men. Are they anti-male?

It is not an objective law. Friedman explains that in the video.

War on drugs seems like an objective law, but it is not. You fail to take into account "objective enforcement".

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1976 was awarded to Milton Friedman "for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy".

This guy did his homework:lol:
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

It is not an objective law. Friedman explains that in the video.

War on drugs seems like an objective law, but it is not. You fail to take into account "objective enforcement".



This guy did his homework:lol:

Yeah, I know who Friedman is. I studied him, and read The World is Flat in my global econ class. That book was a load of crap - essentially a love letter from Milty, to Milty. He has moments of brilliance, but he also has some incredibly ****-eyed ideas.

Blaming shortcomings on economics and not race is nothing but scapegoating - nothing more, nothing less. Blaming "the man" won't earn points in my book. I call a spade a spade.

Whining changes nothing.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Yeah, I know who Friedman is. I studied him, and read The World is Flat in my global econ class. That book was a load of crap - essentially a love letter from Milty, to Milty. He has moments of brilliance, but he also has some incredibly ****-eyed ideas.

Blaming shortcomings on economics and not race is nothing but scapegoating - nothing more, nothing less. Blaming "the man" won't earn points in my book. I call a spade a spade.

Whining changes nothing.

The World is Flat by Thomas Friedman?

What did Milton Friedman have to do with that?
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Whooooooooooooooa...wrong Friedman.

Scratch that comment then. You see a thread about economics, you see Friedman, you skip the chase and go to the conclusion.

Everything else I stand by though. It's still blaming everything but race when you should blame race.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

I believe what I see

You see white people being stopped for drugs in proportionally identical numbers to blacks yet being let go because they're white?

This is something you have witnessed personally?
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

The wealth gap between blacks and whites has ballooned since the middle of the Reagan administration, nearly tripling between 1984 and 2009, according to a new Brandeis University study.

The study, released Wednesday, found that the median white household held a net worth of $265,000 by 2009, eight times more than the median black household's net worth of just $28,500. That division will continue to haunt black Americans for years to come, according to Tatjana Meschede, a co-author of the study.


Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Blacks: Study


How is this happening? I know the average wages in this country have remained stagnant, but my impression has been that black folks slowly but surely have shattered the glass ceiling in many industries. I guess I was wrong.

It's happened due to an increasing premium being placed on education.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

The wealth gap between blacks and whites has ballooned since the middle of the Reagan administration, nearly tripling between 1984 and 2009, according to a new Brandeis University study.

The study, released Wednesday, found that the median white household held a net worth of $265,000 by 2009, eight times more than the median black household's net worth of just $28,500. That division will continue to haunt black Americans for years to come, according to Tatjana Meschede, a co-author of the study.


Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Blacks: Study


How is this happening? I know the average wages in this country have remained stagnant, but my impression has been that black folks slowly but surely have shattered the glass ceiling in many industries. I guess I was wrong.

It is because most black households are a generation or 2 at most into wealth accumulation and white households have a head start as a group in that regard. The decreasing purchasing power of a dollar over time combined with the time value of money favor whites who have as a whole accumulated more income producing wealth than blacks as a whole over a longer period of time. The issue isn't income but wealth, and there is a big difference between the two. People who don't invest their money or have none to invest are not going to do as well as those who do over a lifetime generally, black or white, and likewise will have less to pass to the next generation of their family.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

It is because most black households are a generation or 2 at most into wealth accumulation and white households have a head start as a group in that regard. The decreasing purchasing power of a dollar over time combined with the time value of money favor whites who have as a whole accumulated more income producing wealth than blacks as a whole over a longer period of time. The issue isn't income but wealth, and there is a big difference between the two. People who don't invest their money or have none to invest are not going to do as well as those who do over a lifetime generally, black or white, and likewise will have less to pass to the next generation of their family.

That doesn't explain the relative success other cultures have had in coming to the United States and succeeding.

Blacks have been in the United States a lot longer than Asians and Hispanics yet do significantly worse than both group.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

That doesn't explain the relative success other cultures have had in coming to the United States and succeeding.

Blacks have been in the United States a lot longer than Asians and Hispanics yet do significantly worse than both group.

I wasn't attempting to explain black economic performance in relation to those two groups. I strongly suspect that in a generation, Asians and Hispanics will start to blow whites out of the water on an average household basis.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

The wealth gap between blacks and whites has ballooned since the middle of the Reagan administration, nearly tripling between 1984 and 2009, according to a new Brandeis University study.

The study, released Wednesday, found that the median white household held a net worth of $265,000 by 2009, eight times more than the median black household's net worth of just $28,500. That division will continue to haunt black Americans for years to come, according to Tatjana Meschede, a co-author of the study.


Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Blacks: Study


How is this happening? I know the average wages in this country have remained stagnant, but my impression has been that black folks slowly but surely have shattered the glass ceiling in many industries. I guess I was wrong.


That's what happens when a group of people puts all their hopes and dreams into the Democratic party.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

That's what happens when a group of people puts all their hopes and dreams into the Democratic party.

Yep. But they keep on pulling the "D" lever in the voting booth, so all is well in demorat land. ;)
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Why does it have to be one or the other for you?

Whose sock is this:lol:

One or the other? A bad law is a bad law. It's affect on groups differ, as would any broad and all encompassing laws usually do. Pointing out how severe it's effects on one group, and comparing it to it's relatively minor effect's on another group is not a case of one or the other.

Again, a bad law is a bad law A.K.A. a contributing factor (cause) to the racial wealth gap.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

That's what happens when a group of people puts all their hopes and dreams into the Democratic party.

I think you have it backwards mostly.

This looks more like what happens when one party accommodates a culture of sloth.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Whose sock is this:lol:

One or the other? A bad law is a bad law. It's affect on groups differ, as would any broad and all encompassing laws usually do. Pointing out how severe it's effects on one group, and comparing it to it's relatively minor effect's on another group is not a case of one or the other.

Again, a bad law is a bad law A.K.A. a contributing factor (cause) to the racial wealth gap.

It sounds like you think blacks should just be able to up-up-down-down-left-right-left-right-B-A-Start their way through life. Don't give them a level playing field, because they're gonna F up. It's a given that blacks will F up without help, right? Without freebies, they're all doomed to minimum wage and no college.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

It sounds like you think blacks should just be able to up-up-down-down-left-right-left-right-B-A-Start their way through life. Don't give them a level playing field, because they're gonna F up. It's a given that blacks will F up without help, right? Without freebies, they're all doomed to minimum wage and no college.

Da hell you talking bout:confused::lol::confused:

All races, most notably blacks, were better off BEFORE welfare, minimum wage and Jersey Shore. This is not about a level playing field, but good intentions. Freebies are bad. Stop helping:lol:

"The greatest harm can result from the best intentions"~TG
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Whooooooooooooooa...wrong Friedman.

Scratch that comment then. You see a thread about economics, you see Friedman, you skip the chase and go to the conclusion.

Everything else I stand by though. It's still blaming everything but race when you should blame race.[/QUOTE]
We should blame race how exactly?
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

Sounds like more of a condemnation on culture, not economics.

Saying that minimum wage and drugs are more of a black issue than a white issue is probably more racist than anything you were trying to defend. Congratulations on that.

They are more of an issue in that they hurt the smaller in size black community. So you are absolutely wrong or misunderstood his point.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

It sounds like you think blacks should just be able to up-up-down-down-left-right-left-right-B-A-Start their way through life. Don't give them a level playing field, because they're gonna F up. It's a given that blacks will F up without help, right? Without freebies, they're all doomed to minimum wage and no college.

We as a people don't "need" to be given anything. We as a people "need" to take responsibility for ourselves. Stop sucking of the government tit, get an education and become a contributing member of society rather than a hindrance.

The only people who can fix or uplift the back community are blacks. The government can't do it. In fact they have failed us at every turn. They are buisy telling us we can't succeed on an equal playing field. I say frack you to that.
 
Re: Racial Wealth Gap Tripled Since Reagan Era As Whites Increase Large Lead Over Bla

The wealth gap in America is due in part to the fact that many minorities believe they are up against the wall a very young ages and carry it through their adult life. "Why try" is the motto to many who believe raises and promotions are simply not coming their way no matter their effort. If you are an adult american and not aware of this then your head is in the sand.
 
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