Who says that UMD is the best way to spend $100k and 4 years of your young life? Maybe for some people it is. Maybe for other people, it would be better to use the time and money to buy tools to be a contractor or an auto mechanic. Maybe some people would want to go abroad. I don’t know. I am not even 100% sure college is going to be right for my own children, let alone some random stranger I have never met. When you put restrictions and say that $$ can only be used for xyz, it often doesn’t get used in the most effective way. |
Why are you voting for Trump? |
It is possible, but still anecdotal. It is possible if white kid dropout and go ahead and work for minimum wages and black kid drop out choose not to work at all; then the income of the white kid will be higher than black’s kid income. |
It is sadthat we didn’t learn from 2016 election that name calling wont help us. |
Tell that to the Orange Twitter Bully. |
Yep because black kids don’t work. |
You clearly haven’t been to southern border. All the above applies to majority of immigrants. And, as suggested above, immigrants can overcome these obstacles in a few years, why cant blacks do the same? If the immigrants can navigate how to get a driving license and pass the driving test in a foreign language, and how to get to the voting place, why blacks cant? |
PP you were talking to (this is the first time I'm back). I guess we'll have to agree to disagree. I definitely get your point about the motivational aspects of having a savings account. You'd want to send kids quarterly statements, so they would feel they really own it. But I can also see some risks to that, as somebody who has worked on Social Security reform and has seen the countless people asking, why can't I have my money now, and do what I want with it? I take pp's point about how not all kids, white or black, are meant for college. I can see using the money/scholarship for vocational training and/or buying equipment. At the end of the day, though, I still think using the money in our limited pie to reform public schools, and then offer college scholarships directly through the college. Maybe we could compromise with what's known, in the language of retirement, as "notional accounts." The government keeps an accounting ledger in your name and sends you statements. The difference is in who holds it--your neighborhood bank, vs. a government or public agency that invests and manages it for you like the TSP. You only see the results when you go to school/training (or retire, in the way the concept is currently used). Then the government sends your "notional account balance" directly to the college or training program of your choice. |
Do you trust Duke? https://socialequity.duke.edu/portfolio-item/what-we-get-wrong-about-closing-the-racial-wealth-gap/ "At every level of educational attainment, the median wealth among black families is substantially lower than white families. White households with a bachelor’s degree or postgraduate education (such as with a Ph.D., MD, and JD) are more than three times as wealthy as black households with the same degree attainment. Moreover, on average, a black household with a college-educated head has less wealth than a white family whose head did not even obtain a high school diploma. It takes a postgraduate education for a black family to have comparable levels of wealth to a white household with some college education or an associate degree (Hamilton et al. 2015 and Meschede et al. (2017), who use the Panel Study of Income Dynamics)." https://socialequity.duke.edu/wp-content/uploads/2019/10/what-we-get-wrong.pdf Figure 1 on page 6. ![]() |
Yes, we seriously underestimated how deplorable you really are. |
I agree college isn't for everybody. So use the money for training and certificates. But I totally disagree that we give $50K (the proposal isn't for $100K) for 18-year-olds and their parents to use as they see fit. A trip abroad? A new car? While I'm a firm believer that travel is educational, none of that will help change the systemic problems caused by bad education and lack of opportunity, and make changes that will last over generations. And those are the goals, right? |
Yes, imagine how empowered and autonomous those kids would feel. Very thoughtful post. Thank you. |
I'm the reparations poster from the thread on the Political forum. The OP of this thread shared a program that would benefit all low-income kids. There isn't a racial qualifier. As for reparations, I consider other "investment" programs a higher priority, but I do think some sort of "cash" component would be important for symbolism (to go along with the apology) as well as to give some amount of financial autonomy. My full list of reparations programs I'd like to see considered is here: http://www.dcurbanmom.com/jforum/posts/list/540/890753.page#17504286 From a timing perspective, I can see that this would be a contentious issue for the upcoming election, but at the same time black people are the most vulnerable to the current economic downturn. But until we can rally political will nothing will happen with reparations - again. Kicking accountability to the road - again. |
We don’t have the white skin that makes everything 1000x easier. You have no idea how it is to be looked down upon and treated less than because of your skin color. You don’t understand this because you have never lived this. And I say this as someone who came from a middle class upbringing with two college educated parents. I Ak college educated and have an advanced degree, and even I feel the discrimination. And have felt this all of my life. Education doesn’t make the racism we feel go away. Being gainfully employed and raising our kids in the suburbs doesn’t make it go away. The IT being my black skin. And stop acting like poor whites don’t qualify for financial aid, TANF/SNAP. They qualify and receive it. They also can join the military, have a legal work status and have family support. |
Earnings =/= HH net worth |