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

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A white high school dropout earns more than a black college grad because institutions protect white mediocrity by deferring black opportunity.

I don't believe this.

I have heard this several times, and I don’t believe it either.

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.

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.

That is wealth, not "earnings." The data on earnings suggest otherwise:

https://nces.ed.gov/pubs2010/2010015/figures/figure_29.asp

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A white high school dropout earns more than a black college grad because institutions protect white mediocrity by deferring black opportunity.

I don't believe this.

I have heard this several times, and I don’t believe it either.

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.

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.

That is wealth, not "earnings." The data on earnings suggest otherwise:

https://nces.ed.gov/pubs2010/2010015/figures/figure_29.asp

The combination of these two charts indicates that black families are even worse at saving money than white families (because we already know white families don't, and black income-wealth disparity is even higher).

[Anonymous]

Irish were discriminated against when they 1st came and many catholic as are still looked down upon today. I would like reparations for what my family suffered. As well as the Jews who were discriminated against, as well as the Muslims. Honestly, I think we should just hand out free money to everyone because we all have a story.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A white high school dropout earns more than a black college grad because institutions protect white mediocrity by deferring black opportunity.

I don't believe this.

I have heard this several times, and I don’t believe it either.

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.

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.

That is wealth, not "earnings." The data on earnings suggest otherwise:

https://nces.ed.gov/pubs2010/2010015/figures/figure_29.asp

The combination of these two charts indicates that black families are even worse at saving money than white families (because we already know white families don't, and black income-wealth disparity is even higher).

Look at the structural barriers that have prohibited blacks historically from accumulating wealth which have an affect on subsequent generations' inheritance or lack thereof. Redlining, segregation, government-sanction discrimination, white terrorism barred blacks from getting mortages, entering certain professions, attaining degrees, owning property in certain areas. These things have a material affect on black wealth today. It's really not that hard to understand.

[Anonymous]

Anonymous wrote:Irish were discriminated against when they 1st came and many catholic as are still looked down upon today. I would like reparations for what my family suffered. As well as the Jews who were discriminated against, as well as the Muslims. Honestly, I think we should just hand out free money to everyone because we all have a story.

I’m Native American.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A white high school dropout earns more than a black college grad because institutions protect white mediocrity by deferring black opportunity.

I don't believe this.

I have heard this several times, and I don’t believe it either.

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.

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.

That is wealth, not "earnings." The data on earnings suggest otherwise:

https://nces.ed.gov/pubs2010/2010015/figures/figure_29.asp

The combination of these two charts indicates that black families are even worse at saving money than white families (because we already know white families don't, and black income-wealth disparity is even higher).

HH wealth is also hugely affected by marriage rates because it’s at the HH level.

[Anonymous]

Anonymous wrote:Irish were discriminated against when they 1st came and many catholic as are still looked down upon today. I would like reparations for what my family suffered. As well as the Jews who were discriminated against, as well as the Muslims. Honestly, I think we should just hand out free money to everyone because we all have a story.

Native Americans were in the US first, it is their land and it was stolen from them. The same land that was farmed on the backs of stolen African slaves for hundreds of years.

Native Americans and African Americans did not have a choice on how their lives played out in the US. The above populations moved freely to the US, it’s not the same, but you know that!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A white high school dropout earns more than a black college grad because institutions protect white mediocrity by deferring black opportunity.

I don't believe this.

I have heard this several times, and I don’t believe it either.

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.

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.

That is wealth, not "earnings." The data on earnings suggest otherwise:

https://nces.ed.gov/pubs2010/2010015/figures/figure_29.asp

The combination of these two charts indicates that black families are even worse at saving money than white families (because we already know white families don't, and black income-wealth disparity is even higher).

Nope. Black people save more than white people.

“The finding advanced in peer reviewed articles in economic journals is clear: there is no evidence that black Americans have a lower savings rate than white Americans once household income is taken into account (Hamilton and Chiteji, 2013). For example, Maury Gittleman and Edward Wolff (2004) using data from the Panel Study on Income Dynamics (PSID), tracked the financial position of black and white families and found that, once income is controlled, if anything, black families actually have a slightly higher savings rate than their white counterparts.
21

This mild savings rate advantage is indicative of even greater thriftiness among blacks, since they typically have more kin obligations to assist low-income relatives which, further reduces the ability to save (Chiteji and Hamilton 2002; and Heflin and Patillo 2006). If anything, it appears that blacks generally live more frugal lives than whites; a study conducted by the Institute on Assets and Social Policy using the 2013 Survey of Consumer Finances found that, at comparable levels of income, whites spend 1.3 times more than blacks (Traub et al.).”

https://socialequity.duke.edu/wp-content/uploads/2019/10/what-we-get-wrong.pdf

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

A white high school dropout earns more than a black college grad because institutions protect white mediocrity by deferring black opportunity.

I don't believe this.

I have heard this several times, and I don’t believe it either.

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.

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.

That is wealth, not "earnings." The data on earnings suggest otherwise:

https://nces.ed.gov/pubs2010/2010015/figures/figure_29.asp

The combination of these two charts indicates that black families are even worse at saving money than white families (because we already know white families don't, and black income-wealth disparity is even higher).

Look at the structural barriers that have prohibited blacks historically from accumulating wealth which have an affect on subsequent generations' inheritance or lack thereof. Redlining, segregation, government-sanction discrimination, white terrorism barred blacks from getting mortages, entering certain professions, attaining degrees, owning property in certain areas. These things have a material affect on black wealth today. It's really not that hard to understand.

It’s not hard to understand but it’s easy for some to deny or ignore. They like their privilege and they want to keep it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How is it race-neutral if we know which people tend to have children they can't afford to raise?

The Mormons?

Irish Catholics?

The Duggars?

Hasidics?

[Anonymous]

Anonymous wrote:Irish were discriminated against when they 1st came and many catholic as are still looked down upon today. I would like reparations for what my family suffered. As well as the Jews who were discriminated against, as well as the Muslims. Honestly, I think we should just hand out free money to everyone because we all have a story.

Don’t like go back to where your people came from. I’ll even buy you a ticket if you promise never to come back. One less whiny racist A hole.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:All this does is encourage people who can’t afford it to have lots of babies. I’m a moderate who hasn’t voted Republican in probably 20 years. Policy proposals like this are going to force people like me to move right.

Me too. Policies like this and the politics of Sanders, AOC, etc. really just drive me toward the right.

I voted democrat for 5 straight presidential elections (ever since I could vote). I suddenly realized this year that apparently I am not a democrat. Will sadly be voting Trump now. Sad! I'm not kidding.

It’s not uncommon for mental illness to hit midlife.

Exactly, downward drift. You will be sleeping in a box within a year. Don’t worry though some nice Black person will probably drop a few bucks in your coffee can.

[Anonymous]

Give a baby a fish, and she has a fish. Teach a baby how to fish, and she can go catch her own fish.

[Anonymous]

So my understanding of the black/white wealth gap is because there is a huge concentration of wealth among a minority of affluent whites (virtually all the billionaires are white, for example), that can help skew the data greatly.

I don't doubt that there are impoverished blacks and wealthy whites, as we all know, and average white household incomes are higher than the average black household income (but so are average Asian and Hispanic household incomes, yet they aren't white either). However, the way this argument is being conducted is treating all whites as a monolith and all blacks as a monolith. There are millions and millions of whites who have nothing like 450k average household wealth, and plenty of blacks who do. Millions of whites have absolutely nothing.

The existence of the millions of poor whites proves that being poor isn't determined by solely by race. How does a poor black person know that they are poor because they are black, or because of other factors? Millions of non-white immigrants come to this country with nothing, and despite not being white, end up with more than the average black person. So is it race that is the answer to everything or are there many other factors at play too?

I can see why there is anger. But going to Uncle Sam with the begging bowl for the latest version of welfare isn't the answer.

[Anonymous]

Anonymous wrote:Irish were discriminated against when they 1st came and many catholic as are still looked down upon today. I would like reparations for what my family suffered. As well as the Jews who were discriminated against, as well as the Muslims. Honestly, I think we should just hand out free money to everyone because we all have a story.

Did they bomb your city? Did you get a higher mortgage rate due to your Irishness.

Do people not hire you when they see O'Reilly?

Maybe you should go back to your country.