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A Cheap, Race-Neutral Way to Close the Racial Wealth Gap

AmNat said:
And yet the people who came up with it explicitly tell us it's to help blacks.

I believe that's what's known as "disparate impact" discrimination.
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It does help blacks more because they are disproportionately poor. But blacks are not the only poor people.
 
iguanaman said:
The bond is based on the wealth of the parents not their race. It would benefit poor whites as much as poor blacks.
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That's a concept that white nationalists cannot comprehend. Just watch.
 
Government subsidized social engineering. Liberals always dreaming up ways to spend other people's money.
 
TobyOne said:
Government subsidized social engineering. Liberals always dreaming up ways to spend other people's money.
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That post evinces an utter ignorance of even the most fundamental concepts of both government and economics. Congratulations! A two-fer.
 
Sorry son, gonna gave to call you on that. Patently false. I have degrees and stuff.



NWRatCon said:
That post evinces an utter ignorance of even the most fundamental concepts of both government and economics. Congratulations! A two-fer.
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TobyOne said:
My argument from authority to your argument from authority is perfectly valid. Go away.
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I'll take that as a withdrawal. I'm just shocked. ;)
 
Da Mole said:
This Liberal, Socialist concept is lunacy and not worth debating. Just more of the same whitey is the privileged bad guy and oh woe is me blacks just can't help themselves and we need to throw more money at the problem.
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Says another someone who didn't get beyond the headline. God, ignorance is persistent, isn't it?
 
Craig234 said:
I'll give you a very simple example.

Before Reagan, there was an economic system in the US. It had a level of wealth inequality that was far below the previous highs just before the Great Depression. Everyone got a share as the economy grew, which was proportional to that distribution of wealth. The US was the world's largest creditor, never having a very large peacetime deficit. That system worked.

In the 1970's, led by Nixon's politics, wealth in the US decided to get politically active like never before. It had always been a balance between the power of money in the private sector, versus the elected government representing the people, but they decided to see how their money could be used to get control of government also. They began to spend massively on how to get political power.

And that involved things like creating 'alternative narratives' to persuade the American people to support THEM. The trickle-down "theory" is probably just the most infamous example - 'give the rich your money as the best way for YOU to get more'. Phrases like "job creator" to praise unlimited wealth for the rich replaced phrases like "robber baron" to criticize it. Big propaganda machines were created, systemic changes were made.

And Reagan did the deed. He halved the top tax rate. Suddenly the rich were getting a LOT richer, and all the money they got, was borrowed and added to our public debt. Policies were changed so that the richest got a bigger and bigger share. CEO to worker pay ration increased by 1,000 percent since 1950. Effectively all economic growth went to the top 1%. As the economy doubled in size and more - all the doubling to the top 1%.

And the rich turned around, and in a cycle of plutocracy, used some of that increasing wealth to pay for yet more control of the political system and propagandizing of the public.

Rule changes, such as the simple examples I gave of Reagan halving the top tax rate, or Bush further slashing taxes on the rich, or trump further slashing taxes on the rich, all borrowed so our debt is now well over $20 trillion, or the CEO pay explosion, are the sort of think I mean by 'designed the system to funnel money to the rich'. The system is set up to guarantee that.

But any rule changes to have wealth not all go the rich - that's terrible!
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Notice how Mason asked the question, then did not respond to the answer.
 
Black leaders, REAL LEADERS, not the poverty whores like Sharpton, Jackson, etc. need to step up, grab their fellow blacks by the shirt collar and shake some sense into them. Get them to value family, education, responsibly and accountability. Read Daniel Patrick Moynihan's The Negro Family: Fhe Case for national action. It maybe a tad outdated but the basics are solid. Emulate other ethic minorities that found ways to assimilate into the nation's economy while maintaining ethic identity. Encourage family formation rather than "**** 'em and forget 'em"

Families headed by two adults have a poverty rate half of the nation's norm.

They're not children or mentally deficients; stop treating that way. Show them the way to advance, mentor them and then get the hell out of the way. Period.
 
Bullseye said:
Black leaders, REAL LEADERS, not the poverty whores like Sharpton, Jackson, etc. need to step up, grab their fellow blacks by the shirt collar and shake some sense into them. Get them to value family, education, responsibly and accountability. Read Daniel Patrick Moynihan's The Negro Family: Fhe Case for national action. It maybe a tad outdated but the basics are solid. Emulate other ethic minorities that found ways to assimilate into the nation's economy while maintaining ethic identity. Encourage family formation rather than "**** 'em and forget 'em"

Families headed by two adults have a poverty rate half of the nation's norm.

They're not children or mentally deficients; stop treating that way. Show them the way to advance, mentor them and then get the hell out of the way. Period.
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How well does your boat troll when you are dragging an anchor around?
 
Bullseye said:
WTF are you talking about?
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There is substantial research, reportage, documentation and analysis that demonstrate the disparities in opportunity for the majority of the black community. Victim-blaming is a piss-poor discussion point in dealing with that reality. What Is Behind the Persistence of the Racial Wealth Gap? (Cleveland Fed). So, membership in the black community is an anchor that affects virtually every aspect of their economic life, from birth to death.
 
NWRatCon said:
There is substantial research, reportage, documentation and analysis that demonstrate the disparities in opportunity for the majority of the black community. Victim-blaming is a piss-poor discussion point in dealing with that reality. What Is Behind the Persistence of the Racial Wealth Gap? (Cleveland Fed). So, membership in the black community is an anchor that affects virtually every aspect of their economic life, from birth to death.
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Just more of the same liberal game plan of excuse after excuse. Are you prepared to stand up and say that a black man or woman cannot, repeat cannot succeed in this country if they make the effort to obtain a high school education, get a job and then marry before producing a batch of fatherless welfare dependant or crimminal kids? I'm sure you will try but we know better. The black community is responsible for what the black community does.
 
Craig234 said:
Notice how Mason asked the question, then did not respond to the answer.
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responding to nonsense is not worth responding too.

you were told how to close the gap you don't seem to care.
 
Chomsky said:
I agree with you here. We need to promote equal opportunity, not provide equal capital.
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Interesting. How to you ensure equal opportunity without equal capital, in a capitalist society? Especially when a key strategy in a supremacist society is to prevent equal capital? I agree with you that equal opportunity over providing equal capital should be the goal...but I think there's a catch up period that needs to occur to facilitate that goal. What do I need to understand better?
 
OlNate said:
Interesting. How to you ensure equal opportunity without equal capital, in a capitalist society? Especially when a key strategy in a supremacist society is to prevent equal capital? I agree with you that equal opportunity over providing equal capital should be the goal...but I think there's a catch up period that needs to occur to facilitate that goal. What do I need to understand better?
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I think you need to embrace the concept of earning your own way in life. You seem to want it just handed to you. Welfare recipients get what they want and need handed to them and where does that get them if life? Just more dependency! If you need capital, get a job. If that job doesn't provide enough capital get a different job. If you still need or want more get a second job.
 
Da Mole said:
I think you need to embrace the concept of earning your own way in life. You seem to want it just handed to you. Welfare recipients get what they want and need handed to them and where does that get them if life? Just more dependency! If you need capital, get a job. If that job doesn't provide enough capital get a different job. If you still need or want more get a second job.
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I mean, yeah, on an even playing field, that's absolutely correct. But that's not what you've got. :shrug:
 
Da Mole said:
Just more of the same liberal game plan of excuse after excuse. Are you prepared to stand up and say that a black man or woman cannot, repeat cannot succeed in this country if they make the effort to obtain a high school education, get a job and then marry before producing a batch of fatherless welfare dependant or crimminal kids? I'm sure you will try but we know better. The black community is responsible for what the black community does.
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Where do they get that education? Where do they find those jobs? This is the playbook of the racists that established the system. Yes, people of all stripes can overcome obstacles, but the majority of people in those conditions fail. That's my point. You know the old saying about two fellows and the bear: you don't have to be faster than the bear, you just have to be faster than the other fellow. White fellows start with a headstart, yelling over his shoulder, "good luck with the bear!"
 
NWRatCon said:
A Cheap, Race-Neutral Way to Close the Racial Wealth Gap (Atlantic).
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I love the idea and the creative thinking, however, I submit that we modify it to be payable against certain milestones, such as joining the military, graduating college, having a stint in the peace corps (or americorps), some number of hours doing charity work, or other thing that will help lead someone to a productive life, but things that are achievable since not everyone will be fortunate to own a house or have a well paying job or wants to get married (and even if you tie it to marriage, I just foresee a lot of short term marriages).

If the person does not achieve these things, it becomes retirement savings and continues to be invested and grow.

That way, perhaps there is something in this for people of all types of political viewpoints.
 
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tacomancer said:
I love the idea and the creative thinking, however, I submit that we modify it to be payable against certain milestones, such as joining the military, graduating college, having a stint in the peace corps (or americorps), some number of hours doing charity work, or other thing that will help lead someone to a productive life, but things that are achievable since not everyone will be fortunate to own a house or have a well paying job or wants to get married (and even if you tie it to marriage, I just foresee a lot of short term marriages).

If the person does not achieve these things, it becomes retirement savings and continues to be invested and grow.

That way, perhaps there is something in this for people of all types of political viewpoints.
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I agree with the sentiment, but the more restrictions you place on it, the more it perpetuates the status quo. Those who have more social flexibility have a better chance of being able to bank those funds for the future. Those in the most difficult circumstances might not be able to afford a stint in the Peace Corp or Americorps, because they need a job to support a family. They may not qualify for the military - most people don't. What I'm not in favor of is perpetuating the status quo.
 
NWRatCon said:
So, you would support a baby bond system if it was not means tested? (Equal opportunity-wise) That's a genuine question.

I see this issue more holistically, I think. Social security programs (not, literally, just "Social Security") are, in my estimation, insurance products. Everyone pays into it, to support the pool, but only those with need get payouts. I like graduated scales. It is only one aspect of the role of government, but I firmly believe that the United States was founded, in part, on protection and fostering of the "general welfare". Social programs that protect the most vulnerable of us are central to this tenet. There may well be better programs to achieve the result, but I think this kind of thinking needs to have a wider distribution for discussion.
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I see where you're going with this, and I do see the merit. But specifically you're advocating gifting capital by racial preference, and I simply do not agree with it. I just do not believe there should be racial preferences. Pro, or con.
 
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