Rich Men North of Richmond

[Anonymous]

Anonymous wrote:

Anonymous wrote:Weird that the right wing is so invested in their weird conspiracy theories about an imaginary cabal of global elites kidnapping kids and sacrificing them to the devil and drinking their blood for eternal youth...

...yet don't give a single shit about the very real situation of children being raped and then being forced to carry their rapist's baby to term at risk of their own wellbeing and possible death.

Are you one of those DC white liberals that apologize for reaching your potential?

Weird non sequitur.

Are you OK? Did you forget your medications today?

[Anonymous]

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Anonymous wrote:This singer and the fans of his song are emblematic of multiple generations of white, uneducated people who cannot compete in the modern world.

These people are some of the most entitled people in the history of mankind. Despite having a 200 year head start, they are still moping about how everything is going to hell. Meanwhile, immigrants routinely come to this country from Asia and rocket their families into the upper income tier within a generation because they value education. This is just a sad song for lazy losers to drown in their misplaced victimhood.

Nailed it. Welcome to the Trump base.

And what does it tell us about the blacks that have been here for centuries longer?

There were laws in place to oppress and take any wealth generated by blacks. The poor white are poor because they are lazy.

LOL. No black person is poor at this moment in time because of laws in place more than half a century ago. If you think the average white person is benefiting from some kind of generational wealth, you need to get out more.

Inhabitants of the DC provincial bubble do need to get out more, but good luck telling them.

Gosh. If only this had ever been studied?

https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/inheritances-by-race#:~:text=Across%20all%20age%20groups%2C%20White,average%2C%20differs%20slightly%20by%20race.

Oh. Wait.

"Across all age groups, White households on average inherit about $15,000, about five times more than Black families and over six times more than Hispanic families"

In other words, it's Hispanics who could be whining...but instead they are working hard and getting ahead. Same as any minority group or person who wants.

Don't be so openly racist.

In other words, all of the yammering you and your buddies do about how Black people have no disadvantages against poor White people is, on average, $12,000 wrong.

That’s the difference between having a car payment and a paid off car. Or a paid for Associates vs a student loan. In other words, life changing money for many.

(DP) That survey also says that the probability of receiving an inheritance at all for all people is between 2.4 and 11%, so this seems to be a lot of focus on a very small number of people who might actually receive an inheritance. It really should not be generalized to the full electorate. Also, if the 5% of wealthiest people were eliminated from the survey, or even just the 1%, the averages would be very different.

It never ends though. A property in a predominantly white community is more valuable than an identical property in a predominantly black community. That is true anywhere in America. The schools aren’t equal. The black homeowner in a black neighborhood probably has a lower credit rating and higher interest rate. The white-owned house in the white-neighborhood with the majority white school appreciates rapidly in value. The black-owned house in the black neighborhood with the majority black school may not appreciate at all.

Now you’re just making stuff up to serve your own bias.

If property in a white community is more valuable than a predominantly black community then why is real estate in NE DC more expensive than most places in west virginia? A white working class family in Hagerstown, MD would see zero real estate appreciation while a black family in Shaw could sell for hundreds of thousands more than 20 years ago.

Sigh. You’re not thinking about this objectively because you’re so busy trying to feel like you’re a victim.

Yes, some black neighborhoods have appreciated more than some white ones.

However, black families were explicitly denied the right to buy houses in the kind of neighborhoods which have seen the largest (not large, largest) growth in prices. What do you think the impact of those laws were?

And, when they were forced by those laws into housing purchases in areas which have absolutely not appreciated, what impact do you think that has had on the ability to amass generational wealth?

Most immigrants arrive without any generational wealth and do well in just 1-2 generations.

There are much more important factors at play than whatever happened 3-4-5 generations ago.

Not only do they typically arrive without generational wealth, but they are often learning to speak English.

Blacks arrived here as slaves. They could not accumulate wealth. After they were freed laws denied them equal opportunity, the state oppressed them, terrorist organizations attacked them, any wealth accumulated was taken from them, etc. There is no comparing a slave vs someone who immigrant here.

Yeah knowing the English language and American culture provides Zero privileges.

Oh wait, it provides HUGE advantages.

Then how is it that Chinese immigrants who arrive poor, know zilch about American culture and don't speak English well manage to academically outperform not only blacks, but whites as well, and are able to do well with business and secure many well-paying jobs in our society?

Language is not a common denominator. Nor is American culture. But specific aspects of culture, such as studying, working hard and taking responsibility for your own outcomes provide much bigger advantages than merely being white and speaking English do.

Because most Chinese immigrants don’t arrive poor. They have enough funds to purchase plane tickets, attend visa interviews, etc. They tend to arrive in the United States with a secondary and post secondary education. Mainland Chinese “poor” never ever make it to the United States.

Glad to help with that huge mystery!

Ah yes, everyone but you was secretly handed hundreds of thousands of dollars.

Nope. I was handed literally hundreds of thousands of dollars which is what it’s called when your parents fully fund your college and graduate work.

That gift seems to have enabled me to understand the basic economics that surround preventing people from accessing resources available to others for centuries.

If your parents fully funded your college and graduate work to the tune of hundreds of thousands of dollars, you are probably in the top 2-5% of America in terms of family wealth, and certainly can't speak for the majority of Americans including most white people.

But I can speak to the drivers of generational wealth. And those include inheriting desirable and appreciating real estate from my great-grandparents and grandparents. Something that would have been challenging and unlikely for poor White Americans but literally illegal for Black ones. Do you see the difference?

Regardless of our parents or grandparents being allowed or not allowed to own real estate, a large percentage of Americans do not inherit real estate or much else in terms of generational wealth, whites included. Again, not all of us are in the top 2-5% and the wealth divide between the richest and the rest of us has gotten even worse in the last 50 years.

You’re so close. If your parents are legally prohibited from owning real estate, you have a 0% chance of inheriting it, right?

So even if most people don’t inherit, those that do will disproportionately be made up of people whose parents…we’re not legally prohibited from owning real estate.

Now consider the knock on effects of $15,000 on the average family. Maybe they invest it in their kids education and end the education debt cycle. Maybe they make a down payment on appreciating real estate which *they* pass on. What our parents were legally permitted to do absolutely impacts our economics.

And, those redlining laws? They were part of specific new deal programs intended to help the white working class. Government handouts to poor white families, like the ones you’re worried about now. There was no parallel for black families.

https://www.npr.org/2017/05/03/526655831/a-forgotten-history-of-how-the-u-s-government-segregated-america

In case you don’t read it, here’s a helpful section:

“Today (2017) African-American incomes on average are about 60 percent of average white incomes. But African-American wealth is about 5 percent of white wealth. Most middle-class families in this country gain their wealth from the equity they have in their homes. So this enormous difference between a 60 percent income ratio and a 5 percent wealth ratio is almost entirely attributable to federal housing policy implemented through the 20th century”

[Anonymous]

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This singer and the fans of his song are emblematic of multiple generations of white, uneducated people who cannot compete in the modern world.

These people are some of the most entitled people in the history of mankind. Despite having a 200 year head start, they are still moping about how everything is going to hell. Meanwhile, immigrants routinely come to this country from Asia and rocket their families into the upper income tier within a generation because they value education. This is just a sad song for lazy losers to drown in their misplaced victimhood.

Nailed it. Welcome to the Trump base.

And what does it tell us about the blacks that have been here for centuries longer?

There were laws in place to oppress and take any wealth generated by blacks. The poor white are poor because they are lazy.

LOL. No black person is poor at this moment in time because of laws in place more than half a century ago. If you think the average white person is benefiting from some kind of generational wealth, you need to get out more.

Inhabitants of the DC provincial bubble do need to get out more, but good luck telling them.

Gosh. If only this had ever been studied?

https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/inheritances-by-race#:~:text=Across%20all%20age%20groups%2C%20White,average%2C%20differs%20slightly%20by%20race.

Oh. Wait.

"Across all age groups, White households on average inherit about $15,000, about five times more than Black families and over six times more than Hispanic families"

In other words, it's Hispanics who could be whining...but instead they are working hard and getting ahead. Same as any minority group or person who wants.

Don't be so openly racist.

In other words, all of the yammering you and your buddies do about how Black people have no disadvantages against poor White people is, on average, $12,000 wrong.

That’s the difference between having a car payment and a paid off car. Or a paid for Associates vs a student loan. In other words, life changing money for many.

(DP) That survey also says that the probability of receiving an inheritance at all for all people is between 2.4 and 11%, so this seems to be a lot of focus on a very small number of people who might actually receive an inheritance. It really should not be generalized to the full electorate. Also, if the 5% of wealthiest people were eliminated from the survey, or even just the 1%, the averages would be very different.

It never ends though. A property in a predominantly white community is more valuable than an identical property in a predominantly black community. That is true anywhere in America. The schools aren’t equal. The black homeowner in a black neighborhood probably has a lower credit rating and higher interest rate. The white-owned house in the white-neighborhood with the majority white school appreciates rapidly in value. The black-owned house in the black neighborhood with the majority black school may not appreciate at all.

Now you’re just making stuff up to serve your own bias.

If property in a white community is more valuable than a predominantly black community then why is real estate in NE DC more expensive than most places in west virginia? A white working class family in Hagerstown, MD would see zero real estate appreciation while a black family in Shaw could sell for hundreds of thousands more than 20 years ago.

Sigh. You’re not thinking about this objectively because you’re so busy trying to feel like you’re a victim.

Yes, some black neighborhoods have appreciated more than some white ones.

However, black families were explicitly denied the right to buy houses in the kind of neighborhoods which have seen the largest (not large, largest) growth in prices. What do you think the impact of those laws were?

And, when they were forced by those laws into housing purchases in areas which have absolutely not appreciated, what impact do you think that has had on the ability to amass generational wealth?

Most immigrants arrive without any generational wealth and do well in just 1-2 generations.

There are much more important factors at play than whatever happened 3-4-5 generations ago.

Not only do they typically arrive without generational wealth, but they are often learning to speak English.

Blacks arrived here as slaves. They could not accumulate wealth. After they were freed laws denied them equal opportunity, the state oppressed them, terrorist organizations attacked them, any wealth accumulated was taken from them, etc. There is no comparing a slave vs someone who immigrant here.

Yeah knowing the English language and American culture provides Zero privileges.

Oh wait, it provides HUGE advantages.

Then how is it that Chinese immigrants who arrive poor, know zilch about American culture and don't speak English well manage to academically outperform not only blacks, but whites as well, and are able to do well with business and secure many well-paying jobs in our society?

Language is not a common denominator. Nor is American culture. But specific aspects of culture, such as studying, working hard and taking responsibility for your own outcomes provide much bigger advantages than merely being white and speaking English do.

Because most Chinese immigrants don’t arrive poor. They have enough funds to purchase plane tickets, attend visa interviews, etc. They tend to arrive in the United States with a secondary and post secondary education. Mainland Chinese “poor” never ever make it to the United States.

Glad to help with that huge mystery!

Ah yes, everyone but you was secretly handed hundreds of thousands of dollars.

Nope. I was handed literally hundreds of thousands of dollars which is what it’s called when your parents fully fund your college and graduate work.

That gift seems to have enabled me to understand the basic economics that surround preventing people from accessing resources available to others for centuries.

If your parents fully funded your college and graduate work to the tune of hundreds of thousands of dollars, you are probably in the top 2-5% of America in terms of family wealth, and certainly can't speak for the majority of Americans including most white people.

But I can speak to the drivers of generational wealth. And those include inheriting desirable and appreciating real estate from my great-grandparents and grandparents. Something that would have been challenging and unlikely for poor White Americans but literally illegal for Black ones. Do you see the difference?

So what you're saying is the problem isn't race at all... it's the people who own the wealth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This singer and the fans of his song are emblematic of multiple generations of white, uneducated people who cannot compete in the modern world.

These people are some of the most entitled people in the history of mankind. Despite having a 200 year head start, they are still moping about how everything is going to hell. Meanwhile, immigrants routinely come to this country from Asia and rocket their families into the upper income tier within a generation because they value education. This is just a sad song for lazy losers to drown in their misplaced victimhood.

Nailed it. Welcome to the Trump base.

And what does it tell us about the blacks that have been here for centuries longer?

There were laws in place to oppress and take any wealth generated by blacks. The poor white are poor because they are lazy.

LOL. No black person is poor at this moment in time because of laws in place more than half a century ago. If you think the average white person is benefiting from some kind of generational wealth, you need to get out more.

Inhabitants of the DC provincial bubble do need to get out more, but good luck telling them.

Gosh. If only this had ever been studied?

https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/inheritances-by-race#:~:text=Across%20all%20age%20groups%2C%20White,average%2C%20differs%20slightly%20by%20race.

Oh. Wait.

"Across all age groups, White households on average inherit about $15,000, about five times more than Black families and over six times more than Hispanic families"

In other words, it's Hispanics who could be whining...but instead they are working hard and getting ahead. Same as any minority group or person who wants.

Don't be so openly racist.

In other words, all of the yammering you and your buddies do about how Black people have no disadvantages against poor White people is, on average, $12,000 wrong.

That’s the difference between having a car payment and a paid off car. Or a paid for Associates vs a student loan. In other words, life changing money for many.

(DP) That survey also says that the probability of receiving an inheritance at all for all people is between 2.4 and 11%, so this seems to be a lot of focus on a very small number of people who might actually receive an inheritance. It really should not be generalized to the full electorate. Also, if the 5% of wealthiest people were eliminated from the survey, or even just the 1%, the averages would be very different.

It never ends though. A property in a predominantly white community is more valuable than an identical property in a predominantly black community. That is true anywhere in America. The schools aren’t equal. The black homeowner in a black neighborhood probably has a lower credit rating and higher interest rate. The white-owned house in the white-neighborhood with the majority white school appreciates rapidly in value. The black-owned house in the black neighborhood with the majority black school may not appreciate at all.

Now you’re just making stuff up to serve your own bias.

If property in a white community is more valuable than a predominantly black community then why is real estate in NE DC more expensive than most places in west virginia? A white working class family in Hagerstown, MD would see zero real estate appreciation while a black family in Shaw could sell for hundreds of thousands more than 20 years ago.

Sigh. You’re not thinking about this objectively because you’re so busy trying to feel like you’re a victim.

Yes, some black neighborhoods have appreciated more than some white ones.

However, black families were explicitly denied the right to buy houses in the kind of neighborhoods which have seen the largest (not large, largest) growth in prices. What do you think the impact of those laws were?

And, when they were forced by those laws into housing purchases in areas which have absolutely not appreciated, what impact do you think that has had on the ability to amass generational wealth?

Most immigrants arrive without any generational wealth and do well in just 1-2 generations.

There are much more important factors at play than whatever happened 3-4-5 generations ago.

Not only do they typically arrive without generational wealth, but they are often learning to speak English.

Blacks arrived here as slaves. They could not accumulate wealth. After they were freed laws denied them equal opportunity, the state oppressed them, terrorist organizations attacked them, any wealth accumulated was taken from them, etc. There is no comparing a slave vs someone who immigrant here.

Yeah knowing the English language and American culture provides Zero privileges.

Oh wait, it provides HUGE advantages.

Then how is it that Chinese immigrants who arrive poor, know zilch about American culture and don't speak English well manage to academically outperform not only blacks, but whites as well, and are able to do well with business and secure many well-paying jobs in our society?

Language is not a common denominator. Nor is American culture. But specific aspects of culture, such as studying, working hard and taking responsibility for your own outcomes provide much bigger advantages than merely being white and speaking English do.

Because most Chinese immigrants don’t arrive poor. They have enough funds to purchase plane tickets, attend visa interviews, etc. They tend to arrive in the United States with a secondary and post secondary education. Mainland Chinese “poor” never ever make it to the United States.

Glad to help with that huge mystery!

Ah yes, everyone but you was secretly handed hundreds of thousands of dollars.

Nope. I was handed literally hundreds of thousands of dollars which is what it’s called when your parents fully fund your college and graduate work.

That gift seems to have enabled me to understand the basic economics that surround preventing people from accessing resources available to others for centuries.

If your parents fully funded your college and graduate work to the tune of hundreds of thousands of dollars, you are probably in the top 2-5% of America in terms of family wealth, and certainly can't speak for the majority of Americans including most white people.

But I can speak to the drivers of generational wealth. And those include inheriting desirable and appreciating real estate from my great-grandparents and grandparents. Something that would have been challenging and unlikely for poor White Americans but literally illegal for Black ones. Do you see the difference?

So what you're saying is the problem isn't race at all... it's the people who own the wealth.

I’m saying that Anthony has misrepresented the problem with the poor as being caused by…the poor. But only some poor. The people on food stamps— if obese— are the villains but the alcoholics and opioid users are the victims. It’s quite a brand of delusion he’s subscribing to.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This singer and the fans of his song are emblematic of multiple generations of white, uneducated people who cannot compete in the modern world.

These people are some of the most entitled people in the history of mankind. Despite having a 200 year head start, they are still moping about how everything is going to hell. Meanwhile, immigrants routinely come to this country from Asia and rocket their families into the upper income tier within a generation because they value education. This is just a sad song for lazy losers to drown in their misplaced victimhood.

Nailed it. Welcome to the Trump base.

And what does it tell us about the blacks that have been here for centuries longer?

There were laws in place to oppress and take any wealth generated by blacks. The poor white are poor because they are lazy.

LOL. No black person is poor at this moment in time because of laws in place more than half a century ago. If you think the average white person is benefiting from some kind of generational wealth, you need to get out more.

Inhabitants of the DC provincial bubble do need to get out more, but good luck telling them.

Gosh. If only this had ever been studied?

https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/inheritances-by-race#:~:text=Across%20all%20age%20groups%2C%20White,average%2C%20differs%20slightly%20by%20race.

Oh. Wait.

"Across all age groups, White households on average inherit about $15,000, about five times more than Black families and over six times more than Hispanic families"

In other words, it's Hispanics who could be whining...but instead they are working hard and getting ahead. Same as any minority group or person who wants.

Don't be so openly racist.

In other words, all of the yammering you and your buddies do about how Black people have no disadvantages against poor White people is, on average, $12,000 wrong.

That’s the difference between having a car payment and a paid off car. Or a paid for Associates vs a student loan. In other words, life changing money for many.

(DP) That survey also says that the probability of receiving an inheritance at all for all people is between 2.4 and 11%, so this seems to be a lot of focus on a very small number of people who might actually receive an inheritance. It really should not be generalized to the full electorate. Also, if the 5% of wealthiest people were eliminated from the survey, or even just the 1%, the averages would be very different.

It never ends though. A property in a predominantly white community is more valuable than an identical property in a predominantly black community. That is true anywhere in America. The schools aren’t equal. The black homeowner in a black neighborhood probably has a lower credit rating and higher interest rate. The white-owned house in the white-neighborhood with the majority white school appreciates rapidly in value. The black-owned house in the black neighborhood with the majority black school may not appreciate at all.

Now you’re just making stuff up to serve your own bias.

If property in a white community is more valuable than a predominantly black community then why is real estate in NE DC more expensive than most places in west virginia? A white working class family in Hagerstown, MD would see zero real estate appreciation while a black family in Shaw could sell for hundreds of thousands more than 20 years ago.

Sigh. You’re not thinking about this objectively because you’re so busy trying to feel like you’re a victim.

Yes, some black neighborhoods have appreciated more than some white ones.

However, black families were explicitly denied the right to buy houses in the kind of neighborhoods which have seen the largest (not large, largest) growth in prices. What do you think the impact of those laws were?

And, when they were forced by those laws into housing purchases in areas which have absolutely not appreciated, what impact do you think that has had on the ability to amass generational wealth?

Most immigrants arrive without any generational wealth and do well in just 1-2 generations.

There are much more important factors at play than whatever happened 3-4-5 generations ago.

Not only do they typically arrive without generational wealth, but they are often learning to speak English.

Blacks arrived here as slaves. They could not accumulate wealth. After they were freed laws denied them equal opportunity, the state oppressed them, terrorist organizations attacked them, any wealth accumulated was taken from them, etc. There is no comparing a slave vs someone who immigrant here.

Yeah knowing the English language and American culture provides Zero privileges.

Oh wait, it provides HUGE advantages.

Then how is it that Chinese immigrants who arrive poor, know zilch about American culture and don't speak English well manage to academically outperform not only blacks, but whites as well, and are able to do well with business and secure many well-paying jobs in our society?

Language is not a common denominator. Nor is American culture. But specific aspects of culture, such as studying, working hard and taking responsibility for your own outcomes provide much bigger advantages than merely being white and speaking English do.

Because most Chinese immigrants don’t arrive poor. They have enough funds to purchase plane tickets, attend visa interviews, etc. They tend to arrive in the United States with a secondary and post secondary education. Mainland Chinese “poor” never ever make it to the United States.

Glad to help with that huge mystery!

Ah yes, everyone but you was secretly handed hundreds of thousands of dollars.

Nope. I was handed literally hundreds of thousands of dollars which is what it’s called when your parents fully fund your college and graduate work.

That gift seems to have enabled me to understand the basic economics that surround preventing people from accessing resources available to others for centuries.

If your parents fully funded your college and graduate work to the tune of hundreds of thousands of dollars, you are probably in the top 2-5% of America in terms of family wealth, and certainly can't speak for the majority of Americans including most white people.

But I can speak to the drivers of generational wealth. And those include inheriting desirable and appreciating real estate from my great-grandparents and grandparents. Something that would have been challenging and unlikely for poor White Americans but literally illegal for Black ones. Do you see the difference?

Regardless of our parents or grandparents being allowed or not allowed to own real estate, a large percentage of Americans do not inherit real estate or much else in terms of generational wealth, whites included. Again, not all of us are in the top 2-5% and the wealth divide between the richest and the rest of us has gotten even worse in the last 50 years.

You’re so close. If your parents are legally prohibited from owning real estate, you have a 0% chance of inheriting it, right?

So even if most people don’t inherit, those that do will disproportionately be made up of people whose parents…we’re not legally prohibited from owning real estate.

Now consider the knock on effects of $15,000 on the average family. Maybe they invest it in their kids education and end the education debt cycle. Maybe they make a down payment on appreciating real estate which *they* pass on. What our parents were legally permitted to do absolutely impacts our economics.

And, those redlining laws? They were part of specific new deal programs intended to help the white working class. Government handouts to poor white families, like the ones you’re worried about now. There was no parallel for black families.

https://www.npr.org/2017/05/03/526655831/a-forgotten-history-of-how-the-u-s-government-segregated-america

In case you don’t read it, here’s a helpful section:

“Today (2017) African-American incomes on average are about 60 percent of average white incomes. But African-American wealth is about 5 percent of white wealth. Most middle-class families in this country gain their wealth from the equity they have in their homes. So this enormous difference between a 60 percent income ratio and a 5 percent wealth ratio is almost entirely attributable to federal housing policy implemented through the 20th century”

Again, it's a moot point when so many Americans, white or black, have a 0% chance of owning property because their parents didn't pass it on to them, or it went to a different relative, or so on. Generational wealth is typically given in averages - which in reality means a small percentage of Americans get a lot from their predecessors, but most don't get much at all.

But for those who do... while clinging to your theories, how do you explain that these days many black families ARE managing to accumulate wealth and pass it on, with many black families entering the middle and upper class? It's because most of those families started taking advantage of the fact that those barriers dropped 50 years ago, and now have a 50 year head-start on their peers. How do you explain how a black immigrant from Ghana will do what he can to start a business, work hard, buy real estate and so on? Do you think he gets some kind of special pass, like in 2023 the Systemic Racist Cabal takes a look at his documents and says "yeah we see that your skin is black, but you get a pass because you're from Ghana but heaven forbid we let any uppity American-born blacks buy any real estate or start a business?" No. It's because he's completely ignorant to those barriers that existed 50 years ago, they don't affect him. Yes, parts of the black community is still haunted by those shadows of the past, but so much of it these days is a faulty self-constraining "we can't because we couldn't" - but the reality that many blacks have found is "we couldn't but now we can" and that's what needs to be taught, encouraged and repeated.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This singer and the fans of his song are emblematic of multiple generations of white, uneducated people who cannot compete in the modern world.

These people are some of the most entitled people in the history of mankind. Despite having a 200 year head start, they are still moping about how everything is going to hell. Meanwhile, immigrants routinely come to this country from Asia and rocket their families into the upper income tier within a generation because they value education. This is just a sad song for lazy losers to drown in their misplaced victimhood.

Nailed it. Welcome to the Trump base.

And what does it tell us about the blacks that have been here for centuries longer?

There were laws in place to oppress and take any wealth generated by blacks. The poor white are poor because they are lazy.

LOL. No black person is poor at this moment in time because of laws in place more than half a century ago. If you think the average white person is benefiting from some kind of generational wealth, you need to get out more.

Inhabitants of the DC provincial bubble do need to get out more, but good luck telling them.

Gosh. If only this had ever been studied?

https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/inheritances-by-race#:~:text=Across%20all%20age%20groups%2C%20White,average%2C%20differs%20slightly%20by%20race.

Oh. Wait.

"Across all age groups, White households on average inherit about $15,000, about five times more than Black families and over six times more than Hispanic families"

In other words, it's Hispanics who could be whining...but instead they are working hard and getting ahead. Same as any minority group or person who wants.

Don't be so openly racist.

In other words, all of the yammering you and your buddies do about how Black people have no disadvantages against poor White people is, on average, $12,000 wrong.

That’s the difference between having a car payment and a paid off car. Or a paid for Associates vs a student loan. In other words, life changing money for many.

(DP) That survey also says that the probability of receiving an inheritance at all for all people is between 2.4 and 11%, so this seems to be a lot of focus on a very small number of people who might actually receive an inheritance. It really should not be generalized to the full electorate. Also, if the 5% of wealthiest people were eliminated from the survey, or even just the 1%, the averages would be very different.

It never ends though. A property in a predominantly white community is more valuable than an identical property in a predominantly black community. That is true anywhere in America. The schools aren’t equal. The black homeowner in a black neighborhood probably has a lower credit rating and higher interest rate. The white-owned house in the white-neighborhood with the majority white school appreciates rapidly in value. The black-owned house in the black neighborhood with the majority black school may not appreciate at all.

Now you’re just making stuff up to serve your own bias.

If property in a white community is more valuable than a predominantly black community then why is real estate in NE DC more expensive than most places in west virginia? A white working class family in Hagerstown, MD would see zero real estate appreciation while a black family in Shaw could sell for hundreds of thousands more than 20 years ago.

Sigh. You’re not thinking about this objectively because you’re so busy trying to feel like you’re a victim.

Yes, some black neighborhoods have appreciated more than some white ones.

However, black families were explicitly denied the right to buy houses in the kind of neighborhoods which have seen the largest (not large, largest) growth in prices. What do you think the impact of those laws were?

And, when they were forced by those laws into housing purchases in areas which have absolutely not appreciated, what impact do you think that has had on the ability to amass generational wealth?

Most immigrants arrive without any generational wealth and do well in just 1-2 generations.

There are much more important factors at play than whatever happened 3-4-5 generations ago.

Not only do they typically arrive without generational wealth, but they are often learning to speak English.

Blacks arrived here as slaves. They could not accumulate wealth. After they were freed laws denied them equal opportunity, the state oppressed them, terrorist organizations attacked them, any wealth accumulated was taken from them, etc. There is no comparing a slave vs someone who immigrant here.

Yeah knowing the English language and American culture provides Zero privileges.

Oh wait, it provides HUGE advantages.

Then how is it that Chinese immigrants who arrive poor, know zilch about American culture and don't speak English well manage to academically outperform not only blacks, but whites as well, and are able to do well with business and secure many well-paying jobs in our society?

Language is not a common denominator. Nor is American culture. But specific aspects of culture, such as studying, working hard and taking responsibility for your own outcomes provide much bigger advantages than merely being white and speaking English do.

Because most Chinese immigrants don’t arrive poor. They have enough funds to purchase plane tickets, attend visa interviews, etc. They tend to arrive in the United States with a secondary and post secondary education. Mainland Chinese “poor” never ever make it to the United States.

Glad to help with that huge mystery!

Ah yes, everyone but you was secretly handed hundreds of thousands of dollars.

Nope. I was handed literally hundreds of thousands of dollars which is what it’s called when your parents fully fund your college and graduate work.

That gift seems to have enabled me to understand the basic economics that surround preventing people from accessing resources available to others for centuries.

If your parents fully funded your college and graduate work to the tune of hundreds of thousands of dollars, you are probably in the top 2-5% of America in terms of family wealth, and certainly can't speak for the majority of Americans including most white people.

But I can speak to the drivers of generational wealth. And those include inheriting desirable and appreciating real estate from my great-grandparents and grandparents. Something that would have been challenging and unlikely for poor White Americans but literally illegal for Black ones. Do you see the difference?

So what you're saying is the problem isn't race at all... it's the people who own the wealth.

I’m saying that Anthony has misrepresented the problem with the poor as being caused by…the poor. But only some poor. The people on food stamps— if obese— are the villains but the alcoholics and opioid users are the victims. It’s quite a brand of delusion he’s subscribing to.

Well he then also goes on to generically layer on top of it "the gubmint" and those "rich bastards and politicians from north of Richmond (a/k/a the librul elite)" as the ultimate source of all evil.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This singer and the fans of his song are emblematic of multiple generations of white, uneducated people who cannot compete in the modern world.

These people are some of the most entitled people in the history of mankind. Despite having a 200 year head start, they are still moping about how everything is going to hell. Meanwhile, immigrants routinely come to this country from Asia and rocket their families into the upper income tier within a generation because they value education. This is just a sad song for lazy losers to drown in their misplaced victimhood.

Nailed it. Welcome to the Trump base.

And what does it tell us about the blacks that have been here for centuries longer?

There were laws in place to oppress and take any wealth generated by blacks. The poor white are poor because they are lazy.

LOL. No black person is poor at this moment in time because of laws in place more than half a century ago. If you think the average white person is benefiting from some kind of generational wealth, you need to get out more.

Inhabitants of the DC provincial bubble do need to get out more, but good luck telling them.

Gosh. If only this had ever been studied?

https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/inheritances-by-race#:~:text=Across%20all%20age%20groups%2C%20White,average%2C%20differs%20slightly%20by%20race.

Oh. Wait.

"Across all age groups, White households on average inherit about $15,000, about five times more than Black families and over six times more than Hispanic families"

In other words, it's Hispanics who could be whining...but instead they are working hard and getting ahead. Same as any minority group or person who wants.

Don't be so openly racist.

In other words, all of the yammering you and your buddies do about how Black people have no disadvantages against poor White people is, on average, $12,000 wrong.

That’s the difference between having a car payment and a paid off car. Or a paid for Associates vs a student loan. In other words, life changing money for many.

(DP) That survey also says that the probability of receiving an inheritance at all for all people is between 2.4 and 11%, so this seems to be a lot of focus on a very small number of people who might actually receive an inheritance. It really should not be generalized to the full electorate. Also, if the 5% of wealthiest people were eliminated from the survey, or even just the 1%, the averages would be very different.

It never ends though. A property in a predominantly white community is more valuable than an identical property in a predominantly black community. That is true anywhere in America. The schools aren’t equal. The black homeowner in a black neighborhood probably has a lower credit rating and higher interest rate. The white-owned house in the white-neighborhood with the majority white school appreciates rapidly in value. The black-owned house in the black neighborhood with the majority black school may not appreciate at all.

Now you’re just making stuff up to serve your own bias.

If property in a white community is more valuable than a predominantly black community then why is real estate in NE DC more expensive than most places in west virginia? A white working class family in Hagerstown, MD would see zero real estate appreciation while a black family in Shaw could sell for hundreds of thousands more than 20 years ago.

Sigh. You’re not thinking about this objectively because you’re so busy trying to feel like you’re a victim.

Yes, some black neighborhoods have appreciated more than some white ones.

However, black families were explicitly denied the right to buy houses in the kind of neighborhoods which have seen the largest (not large, largest) growth in prices. What do you think the impact of those laws were?

And, when they were forced by those laws into housing purchases in areas which have absolutely not appreciated, what impact do you think that has had on the ability to amass generational wealth?

Most immigrants arrive without any generational wealth and do well in just 1-2 generations.

There are much more important factors at play than whatever happened 3-4-5 generations ago.

Not only do they typically arrive without generational wealth, but they are often learning to speak English.

Blacks arrived here as slaves. They could not accumulate wealth. After they were freed laws denied them equal opportunity, the state oppressed them, terrorist organizations attacked them, any wealth accumulated was taken from them, etc. There is no comparing a slave vs someone who immigrant here.

Yeah knowing the English language and American culture provides Zero privileges.

Oh wait, it provides HUGE advantages.

Then how is it that Chinese immigrants who arrive poor, know zilch about American culture and don't speak English well manage to academically outperform not only blacks, but whites as well, and are able to do well with business and secure many well-paying jobs in our society?

Language is not a common denominator. Nor is American culture. But specific aspects of culture, such as studying, working hard and taking responsibility for your own outcomes provide much bigger advantages than merely being white and speaking English do.

Because most Chinese immigrants don’t arrive poor. They have enough funds to purchase plane tickets, attend visa interviews, etc. They tend to arrive in the United States with a secondary and post secondary education. Mainland Chinese “poor” never ever make it to the United States.

Glad to help with that huge mystery!

Ah yes, everyone but you was secretly handed hundreds of thousands of dollars.

Nope. I was handed literally hundreds of thousands of dollars which is what it’s called when your parents fully fund your college and graduate work.

That gift seems to have enabled me to understand the basic economics that surround preventing people from accessing resources available to others for centuries.

If your parents fully funded your college and graduate work to the tune of hundreds of thousands of dollars, you are probably in the top 2-5% of America in terms of family wealth, and certainly can't speak for the majority of Americans including most white people.

But I can speak to the drivers of generational wealth. And those include inheriting desirable and appreciating real estate from my great-grandparents and grandparents. Something that would have been challenging and unlikely for poor White Americans but literally illegal for Black ones. Do you see the difference?

So what you're saying is the problem isn't race at all... it's the people who own the wealth.

Exactly.

People exactly like PP.

White, wealthy, entitled, clueless.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This singer and the fans of his song are emblematic of multiple generations of white, uneducated people who cannot compete in the modern world.

These people are some of the most entitled people in the history of mankind. Despite having a 200 year head start, they are still moping about how everything is going to hell. Meanwhile, immigrants routinely come to this country from Asia and rocket their families into the upper income tier within a generation because they value education. This is just a sad song for lazy losers to drown in their misplaced victimhood.

Nailed it. Welcome to the Trump base.

And what does it tell us about the blacks that have been here for centuries longer?

There were laws in place to oppress and take any wealth generated by blacks. The poor white are poor because they are lazy.

LOL. No black person is poor at this moment in time because of laws in place more than half a century ago. If you think the average white person is benefiting from some kind of generational wealth, you need to get out more.

Inhabitants of the DC provincial bubble do need to get out more, but good luck telling them.

Gosh. If only this had ever been studied?

https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/inheritances-by-race#:~:text=Across%20all%20age%20groups%2C%20White,average%2C%20differs%20slightly%20by%20race.

Oh. Wait.

"Across all age groups, White households on average inherit about $15,000, about five times more than Black families and over six times more than Hispanic families"

In other words, it's Hispanics who could be whining...but instead they are working hard and getting ahead. Same as any minority group or person who wants.

Don't be so openly racist.

In other words, all of the yammering you and your buddies do about how Black people have no disadvantages against poor White people is, on average, $12,000 wrong.

That’s the difference between having a car payment and a paid off car. Or a paid for Associates vs a student loan. In other words, life changing money for many.

(DP) That survey also says that the probability of receiving an inheritance at all for all people is between 2.4 and 11%, so this seems to be a lot of focus on a very small number of people who might actually receive an inheritance. It really should not be generalized to the full electorate. Also, if the 5% of wealthiest people were eliminated from the survey, or even just the 1%, the averages would be very different.

It never ends though. A property in a predominantly white community is more valuable than an identical property in a predominantly black community. That is true anywhere in America. The schools aren’t equal. The black homeowner in a black neighborhood probably has a lower credit rating and higher interest rate. The white-owned house in the white-neighborhood with the majority white school appreciates rapidly in value. The black-owned house in the black neighborhood with the majority black school may not appreciate at all.

Now you’re just making stuff up to serve your own bias.

If property in a white community is more valuable than a predominantly black community then why is real estate in NE DC more expensive than most places in west virginia? A white working class family in Hagerstown, MD would see zero real estate appreciation while a black family in Shaw could sell for hundreds of thousands more than 20 years ago.

Sigh. You’re not thinking about this objectively because you’re so busy trying to feel like you’re a victim.

Yes, some black neighborhoods have appreciated more than some white ones.

However, black families were explicitly denied the right to buy houses in the kind of neighborhoods which have seen the largest (not large, largest) growth in prices. What do you think the impact of those laws were?

And, when they were forced by those laws into housing purchases in areas which have absolutely not appreciated, what impact do you think that has had on the ability to amass generational wealth?

Most immigrants arrive without any generational wealth and do well in just 1-2 generations.

There are much more important factors at play than whatever happened 3-4-5 generations ago.

Not only do they typically arrive without generational wealth, but they are often learning to speak English.

Blacks arrived here as slaves. They could not accumulate wealth. After they were freed laws denied them equal opportunity, the state oppressed them, terrorist organizations attacked them, any wealth accumulated was taken from them, etc. There is no comparing a slave vs someone who immigrant here.

Yeah knowing the English language and American culture provides Zero privileges.

Oh wait, it provides HUGE advantages.

Then how is it that Chinese immigrants who arrive poor, know zilch about American culture and don't speak English well manage to academically outperform not only blacks, but whites as well, and are able to do well with business and secure many well-paying jobs in our society?

Language is not a common denominator. Nor is American culture. But specific aspects of culture, such as studying, working hard and taking responsibility for your own outcomes provide much bigger advantages than merely being white and speaking English do.

Because most Chinese immigrants don’t arrive poor. They have enough funds to purchase plane tickets, attend visa interviews, etc. They tend to arrive in the United States with a secondary and post secondary education. Mainland Chinese “poor” never ever make it to the United States.

Glad to help with that huge mystery!

Ah yes, everyone but you was secretly handed hundreds of thousands of dollars.

Nope. I was handed literally hundreds of thousands of dollars which is what it’s called when your parents fully fund your college and graduate work.

That gift seems to have enabled me to understand the basic economics that surround preventing people from accessing resources available to others for centuries.

If your parents fully funded your college and graduate work to the tune of hundreds of thousands of dollars, you are probably in the top 2-5% of America in terms of family wealth, and certainly can't speak for the majority of Americans including most white people.

But I can speak to the drivers of generational wealth. And those include inheriting desirable and appreciating real estate from my great-grandparents and grandparents. Something that would have been challenging and unlikely for poor White Americans but literally illegal for Black ones. Do you see the difference?

Regardless of our parents or grandparents being allowed or not allowed to own real estate, a large percentage of Americans do not inherit real estate or much else in terms of generational wealth, whites included. Again, not all of us are in the top 2-5% and the wealth divide between the richest and the rest of us has gotten even worse in the last 50 years.

You’re so close. If your parents are legally prohibited from owning real estate, you have a 0% chance of inheriting it, right?

So even if most people don’t inherit, those that do will disproportionately be made up of people whose parents…we’re not legally prohibited from owning real estate.

Now consider the knock on effects of $15,000 on the average family. Maybe they invest it in their kids education and end the education debt cycle. Maybe they make a down payment on appreciating real estate which *they* pass on. What our parents were legally permitted to do absolutely impacts our economics.

And, those redlining laws? They were part of specific new deal programs intended to help the white working class. Government handouts to poor white families, like the ones you’re worried about now. There was no parallel for black families.

https://www.npr.org/2017/05/03/526655831/a-forgotten-history-of-how-the-u-s-government-segregated-america

In case you don’t read it, here’s a helpful section:

“Today (2017) African-American incomes on average are about 60 percent of average white incomes. But African-American wealth is about 5 percent of white wealth. Most middle-class families in this country gain their wealth from the equity they have in their homes. So this enormous difference between a 60 percent income ratio and a 5 percent wealth ratio is almost entirely attributable to federal housing policy implemented through the 20th century”

Again, it's a moot point when so many Americans, white or black, have a 0% chance of owning property because their parents didn't pass it on to them, or it went to a different relative, or so on. Generational wealth is typically given in averages - which in reality means a small percentage of Americans get a lot from their predecessors, but most don't get much at all.

But for those who do... while clinging to your theories, how do you explain that these days many black families ARE managing to accumulate wealth and pass it on, with many black families entering the middle and upper class? It's because most of those families started taking advantage of the fact that those barriers dropped 50 years ago, and now have a 50 year head-start on their peers. How do you explain how a black immigrant from Ghana will do what he can to start a business, work hard, buy real estate and so on? Do you think he gets some kind of special pass, like in 2023 the Systemic Racist Cabal takes a look at his documents and says "yeah we see that your skin is black, but you get a pass because you're from Ghana but heaven forbid we let any uppity American-born blacks buy any real estate or start a business?" No. It's because he's completely ignorant to those barriers that existed 50 years ago, they don't affect him. Yes, parts of the black community is still haunted by those shadows of the past, but so much of it these days is a faulty self-constraining "we can't because we couldn't" - but the reality that many blacks have found is "we couldn't but now we can" and that's what needs to be taught, encouraged and repeated.

The immigrant from Ghana is, typically, Ghanaian elite. He or she has a passport (many Americans do not) passed the visa interview, paid for airfare, proved sufficient income to be allowed to immigrate. Their family members were not, as you point out, prohibited from property ownership, attending university, etc and so they are raised within the global elite.

The fact that many Black American families are now accumulating wealth despite having institutional barriers placed in their path is indicative of the fact that they’re willing to work significantly harder than many of their peers who lacked those barriers. And unfortunately “many” has still not translated into a significant dent in the racial wealth gap, unless you have credible statistics you’re willing to share?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This singer and the fans of his song are emblematic of multiple generations of white, uneducated people who cannot compete in the modern world.

These people are some of the most entitled people in the history of mankind. Despite having a 200 year head start, they are still moping about how everything is going to hell. Meanwhile, immigrants routinely come to this country from Asia and rocket their families into the upper income tier within a generation because they value education. This is just a sad song for lazy losers to drown in their misplaced victimhood.

Nailed it. Welcome to the Trump base.

And what does it tell us about the blacks that have been here for centuries longer?

There were laws in place to oppress and take any wealth generated by blacks. The poor white are poor because they are lazy.

LOL. No black person is poor at this moment in time because of laws in place more than half a century ago. If you think the average white person is benefiting from some kind of generational wealth, you need to get out more.

Inhabitants of the DC provincial bubble do need to get out more, but good luck telling them.

Gosh. If only this had ever been studied?

https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/inheritances-by-race#:~:text=Across%20all%20age%20groups%2C%20White,average%2C%20differs%20slightly%20by%20race.

Oh. Wait.

"Across all age groups, White households on average inherit about $15,000, about five times more than Black families and over six times more than Hispanic families"

In other words, it's Hispanics who could be whining...but instead they are working hard and getting ahead. Same as any minority group or person who wants.

Don't be so openly racist.

In other words, all of the yammering you and your buddies do about how Black people have no disadvantages against poor White people is, on average, $12,000 wrong.

That’s the difference between having a car payment and a paid off car. Or a paid for Associates vs a student loan. In other words, life changing money for many.

(DP) That survey also says that the probability of receiving an inheritance at all for all people is between 2.4 and 11%, so this seems to be a lot of focus on a very small number of people who might actually receive an inheritance. It really should not be generalized to the full electorate. Also, if the 5% of wealthiest people were eliminated from the survey, or even just the 1%, the averages would be very different.

It never ends though. A property in a predominantly white community is more valuable than an identical property in a predominantly black community. That is true anywhere in America. The schools aren’t equal. The black homeowner in a black neighborhood probably has a lower credit rating and higher interest rate. The white-owned house in the white-neighborhood with the majority white school appreciates rapidly in value. The black-owned house in the black neighborhood with the majority black school may not appreciate at all.

Now you’re just making stuff up to serve your own bias.

If property in a white community is more valuable than a predominantly black community then why is real estate in NE DC more expensive than most places in west virginia? A white working class family in Hagerstown, MD would see zero real estate appreciation while a black family in Shaw could sell for hundreds of thousands more than 20 years ago.

Sigh. You’re not thinking about this objectively because you’re so busy trying to feel like you’re a victim.

Yes, some black neighborhoods have appreciated more than some white ones.

However, black families were explicitly denied the right to buy houses in the kind of neighborhoods which have seen the largest (not large, largest) growth in prices. What do you think the impact of those laws were?

And, when they were forced by those laws into housing purchases in areas which have absolutely not appreciated, what impact do you think that has had on the ability to amass generational wealth?

Most immigrants arrive without any generational wealth and do well in just 1-2 generations.

There are much more important factors at play than whatever happened 3-4-5 generations ago.

Not only do they typically arrive without generational wealth, but they are often learning to speak English.

Blacks arrived here as slaves. They could not accumulate wealth. After they were freed laws denied them equal opportunity, the state oppressed them, terrorist organizations attacked them, any wealth accumulated was taken from them, etc. There is no comparing a slave vs someone who immigrant here.

Yeah knowing the English language and American culture provides Zero privileges.

Oh wait, it provides HUGE advantages.

Then how is it that Chinese immigrants who arrive poor, know zilch about American culture and don't speak English well manage to academically outperform not only blacks, but whites as well, and are able to do well with business and secure many well-paying jobs in our society?

Language is not a common denominator. Nor is American culture. But specific aspects of culture, such as studying, working hard and taking responsibility for your own outcomes provide much bigger advantages than merely being white and speaking English do.

Because most Chinese immigrants don’t arrive poor. They have enough funds to purchase plane tickets, attend visa interviews, etc. They tend to arrive in the United States with a secondary and post secondary education. Mainland Chinese “poor” never ever make it to the United States.

Glad to help with that huge mystery!

Ah yes, everyone but you was secretly handed hundreds of thousands of dollars.

Nope. I was handed literally hundreds of thousands of dollars which is what it’s called when your parents fully fund your college and graduate work.

That gift seems to have enabled me to understand the basic economics that surround preventing people from accessing resources available to others for centuries.

If your parents fully funded your college and graduate work to the tune of hundreds of thousands of dollars, you are probably in the top 2-5% of America in terms of family wealth, and certainly can't speak for the majority of Americans including most white people.

But I can speak to the drivers of generational wealth. And those include inheriting desirable and appreciating real estate from my great-grandparents and grandparents. Something that would have been challenging and unlikely for poor White Americans but literally illegal for Black ones. Do you see the difference?

Regardless of our parents or grandparents being allowed or not allowed to own real estate, a large percentage of Americans do not inherit real estate or much else in terms of generational wealth, whites included. Again, not all of us are in the top 2-5% and the wealth divide between the richest and the rest of us has gotten even worse in the last 50 years.

You’re so close. If your parents are legally prohibited from owning real estate, you have a 0% chance of inheriting it, right?

So even if most people don’t inherit, those that do will disproportionately be made up of people whose parents…we’re not legally prohibited from owning real estate.

Now consider the knock on effects of $15,000 on the average family. Maybe they invest it in their kids education and end the education debt cycle. Maybe they make a down payment on appreciating real estate which *they* pass on. What our parents were legally permitted to do absolutely impacts our economics.

And, those redlining laws? They were part of specific new deal programs intended to help the white working class. Government handouts to poor white families, like the ones you’re worried about now. There was no parallel for black families.

https://www.npr.org/2017/05/03/526655831/a-forgotten-history-of-how-the-u-s-government-segregated-america

In case you don’t read it, here’s a helpful section:

“Today (2017) African-American incomes on average are about 60 percent of average white incomes. But African-American wealth is about 5 percent of white wealth. Most middle-class families in this country gain their wealth from the equity they have in their homes. So this enormous difference between a 60 percent income ratio and a 5 percent wealth ratio is almost entirely attributable to federal housing policy implemented through the 20th century”

You must be jjjoking.

What does NPR have to say about immigration in the last 50 years with zero wealth and how they are doing today?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This singer and the fans of his song are emblematic of multiple generations of white, uneducated people who cannot compete in the modern world.

These people are some of the most entitled people in the history of mankind. Despite having a 200 year head start, they are still moping about how everything is going to hell. Meanwhile, immigrants routinely come to this country from Asia and rocket their families into the upper income tier within a generation because they value education. This is just a sad song for lazy losers to drown in their misplaced victimhood.

Nailed it. Welcome to the Trump base.

And what does it tell us about the blacks that have been here for centuries longer?

There were laws in place to oppress and take any wealth generated by blacks. The poor white are poor because they are lazy.

LOL. No black person is poor at this moment in time because of laws in place more than half a century ago. If you think the average white person is benefiting from some kind of generational wealth, you need to get out more.

Inhabitants of the DC provincial bubble do need to get out more, but good luck telling them.

Gosh. If only this had ever been studied?

https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/inheritances-by-race#:~:text=Across%20all%20age%20groups%2C%20White,average%2C%20differs%20slightly%20by%20race.

Oh. Wait.

"Across all age groups, White households on average inherit about $15,000, about five times more than Black families and over six times more than Hispanic families"

In other words, it's Hispanics who could be whining...but instead they are working hard and getting ahead. Same as any minority group or person who wants.

Don't be so openly racist.

In other words, all of the yammering you and your buddies do about how Black people have no disadvantages against poor White people is, on average, $12,000 wrong.

That’s the difference between having a car payment and a paid off car. Or a paid for Associates vs a student loan. In other words, life changing money for many.

(DP) That survey also says that the probability of receiving an inheritance at all for all people is between 2.4 and 11%, so this seems to be a lot of focus on a very small number of people who might actually receive an inheritance. It really should not be generalized to the full electorate. Also, if the 5% of wealthiest people were eliminated from the survey, or even just the 1%, the averages would be very different.

It never ends though. A property in a predominantly white community is more valuable than an identical property in a predominantly black community. That is true anywhere in America. The schools aren’t equal. The black homeowner in a black neighborhood probably has a lower credit rating and higher interest rate. The white-owned house in the white-neighborhood with the majority white school appreciates rapidly in value. The black-owned house in the black neighborhood with the majority black school may not appreciate at all.

Now you’re just making stuff up to serve your own bias.

If property in a white community is more valuable than a predominantly black community then why is real estate in NE DC more expensive than most places in west virginia? A white working class family in Hagerstown, MD would see zero real estate appreciation while a black family in Shaw could sell for hundreds of thousands more than 20 years ago.

Sigh. You’re not thinking about this objectively because you’re so busy trying to feel like you’re a victim.

Yes, some black neighborhoods have appreciated more than some white ones.

However, black families were explicitly denied the right to buy houses in the kind of neighborhoods which have seen the largest (not large, largest) growth in prices. What do you think the impact of those laws were?

And, when they were forced by those laws into housing purchases in areas which have absolutely not appreciated, what impact do you think that has had on the ability to amass generational wealth?

Most immigrants arrive without any generational wealth and do well in just 1-2 generations.

There are much more important factors at play than whatever happened 3-4-5 generations ago.

Not only do they typically arrive without generational wealth, but they are often learning to speak English.

Blacks arrived here as slaves. They could not accumulate wealth. After they were freed laws denied them equal opportunity, the state oppressed them, terrorist organizations attacked them, any wealth accumulated was taken from them, etc. There is no comparing a slave vs someone who immigrant here.

Yeah knowing the English language and American culture provides Zero privileges.

Oh wait, it provides HUGE advantages.

Then how is it that Chinese immigrants who arrive poor, know zilch about American culture and don't speak English well manage to academically outperform not only blacks, but whites as well, and are able to do well with business and secure many well-paying jobs in our society?

Language is not a common denominator. Nor is American culture. But specific aspects of culture, such as studying, working hard and taking responsibility for your own outcomes provide much bigger advantages than merely being white and speaking English do.

Because most Chinese immigrants don’t arrive poor. They have enough funds to purchase plane tickets, attend visa interviews, etc. They tend to arrive in the United States with a secondary and post secondary education. Mainland Chinese “poor” never ever make it to the United States.

Glad to help with that huge mystery!

Ah yes, everyone but you was secretly handed hundreds of thousands of dollars.

Nope. I was handed literally hundreds of thousands of dollars which is what it’s called when your parents fully fund your college and graduate work.

That gift seems to have enabled me to understand the basic economics that surround preventing people from accessing resources available to others for centuries.

If your parents fully funded your college and graduate work to the tune of hundreds of thousands of dollars, you are probably in the top 2-5% of America in terms of family wealth, and certainly can't speak for the majority of Americans including most white people.

But I can speak to the drivers of generational wealth. And those include inheriting desirable and appreciating real estate from my great-grandparents and grandparents. Something that would have been challenging and unlikely for poor White Americans but literally illegal for Black ones. Do you see the difference?

Regardless of our parents or grandparents being allowed or not allowed to own real estate, a large percentage of Americans do not inherit real estate or much else in terms of generational wealth, whites included. Again, not all of us are in the top 2-5% and the wealth divide between the richest and the rest of us has gotten even worse in the last 50 years.

You’re so close. If your parents are legally prohibited from owning real estate, you have a 0% chance of inheriting it, right?

So even if most people don’t inherit, those that do will disproportionately be made up of people whose parents…we’re not legally prohibited from owning real estate.

Now consider the knock on effects of $15,000 on the average family. Maybe they invest it in their kids education and end the education debt cycle. Maybe they make a down payment on appreciating real estate which *they* pass on. What our parents were legally permitted to do absolutely impacts our economics.

And, those redlining laws? They were part of specific new deal programs intended to help the white working class. Government handouts to poor white families, like the ones you’re worried about now. There was no parallel for black families.

https://www.npr.org/2017/05/03/526655831/a-forgotten-history-of-how-the-u-s-government-segregated-america

In case you don’t read it, here’s a helpful section:

“Today (2017) African-American incomes on average are about 60 percent of average white incomes. But African-American wealth is about 5 percent of white wealth. Most middle-class families in this country gain their wealth from the equity they have in their homes. So this enormous difference between a 60 percent income ratio and a 5 percent wealth ratio is almost entirely attributable to federal housing policy implemented through the 20th century”

Again, it's a moot point when so many Americans, white or black, have a 0% chance of owning property because their parents didn't pass it on to them, or it went to a different relative, or so on. Generational wealth is typically given in averages - which in reality means a small percentage of Americans get a lot from their predecessors, but most don't get much at all.

But for those who do... while clinging to your theories, how do you explain that these days many black families ARE managing to accumulate wealth and pass it on, with many black families entering the middle and upper class? It's because most of those families started taking advantage of the fact that those barriers dropped 50 years ago, and now have a 50 year head-start on their peers. How do you explain how a black immigrant from Ghana will do what he can to start a business, work hard, buy real estate and so on? Do you think he gets some kind of special pass, like in 2023 the Systemic Racist Cabal takes a look at his documents and says "yeah we see that your skin is black, but you get a pass because you're from Ghana but heaven forbid we let any uppity American-born blacks buy any real estate or start a business?" No. It's because he's completely ignorant to those barriers that existed 50 years ago, they don't affect him. Yes, parts of the black community is still haunted by those shadows of the past, but so much of it these days is a faulty self-constraining "we can't because we couldn't" - but the reality that many blacks have found is "we couldn't but now we can" and that's what needs to be taught, encouraged and repeated.

The immigrant from Ghana is, typically, Ghanaian elite. He or she has a passport (many Americans do not) passed the visa interview, paid for airfare, proved sufficient income to be allowed to immigrate. Their family members were not, as you point out, prohibited from property ownership, attending university, etc and so they are raised within the global elite.

The fact that many Black American families are now accumulating wealth despite having institutional barriers placed in their path is indicative of the fact that they’re willing to work significantly harder than many of their peers who lacked those barriers. And unfortunately “many” has still not translated into a significant dent in the racial wealth gap, unless you have credible statistics you’re willing to share?

Hi white anglo golf club member, when is the last time you met an immigrant from Ghana or Honduras or Vietnam?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This singer and the fans of his song are emblematic of multiple generations of white, uneducated people who cannot compete in the modern world.

These people are some of the most entitled people in the history of mankind. Despite having a 200 year head start, they are still moping about how everything is going to hell. Meanwhile, immigrants routinely come to this country from Asia and rocket their families into the upper income tier within a generation because they value education. This is just a sad song for lazy losers to drown in their misplaced victimhood.

Nailed it. Welcome to the Trump base.

And what does it tell us about the blacks that have been here for centuries longer?

There were laws in place to oppress and take any wealth generated by blacks. The poor white are poor because they are lazy.

LOL. No black person is poor at this moment in time because of laws in place more than half a century ago. If you think the average white person is benefiting from some kind of generational wealth, you need to get out more.

Inhabitants of the DC provincial bubble do need to get out more, but good luck telling them.

Gosh. If only this had ever been studied?

https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/inheritances-by-race#:~:text=Across%20all%20age%20groups%2C%20White,average%2C%20differs%20slightly%20by%20race.

Oh. Wait.

"Across all age groups, White households on average inherit about $15,000, about five times more than Black families and over six times more than Hispanic families"

In other words, it's Hispanics who could be whining...but instead they are working hard and getting ahead. Same as any minority group or person who wants.

Don't be so openly racist.

In other words, all of the yammering you and your buddies do about how Black people have no disadvantages against poor White people is, on average, $12,000 wrong.

That’s the difference between having a car payment and a paid off car. Or a paid for Associates vs a student loan. In other words, life changing money for many.

(DP) That survey also says that the probability of receiving an inheritance at all for all people is between 2.4 and 11%, so this seems to be a lot of focus on a very small number of people who might actually receive an inheritance. It really should not be generalized to the full electorate. Also, if the 5% of wealthiest people were eliminated from the survey, or even just the 1%, the averages would be very different.

It never ends though. A property in a predominantly white community is more valuable than an identical property in a predominantly black community. That is true anywhere in America. The schools aren’t equal. The black homeowner in a black neighborhood probably has a lower credit rating and higher interest rate. The white-owned house in the white-neighborhood with the majority white school appreciates rapidly in value. The black-owned house in the black neighborhood with the majority black school may not appreciate at all.

Now you’re just making stuff up to serve your own bias.

If property in a white community is more valuable than a predominantly black community then why is real estate in NE DC more expensive than most places in west virginia? A white working class family in Hagerstown, MD would see zero real estate appreciation while a black family in Shaw could sell for hundreds of thousands more than 20 years ago.

Sigh. You’re not thinking about this objectively because you’re so busy trying to feel like you’re a victim.

Yes, some black neighborhoods have appreciated more than some white ones.

However, black families were explicitly denied the right to buy houses in the kind of neighborhoods which have seen the largest (not large, largest) growth in prices. What do you think the impact of those laws were?

And, when they were forced by those laws into housing purchases in areas which have absolutely not appreciated, what impact do you think that has had on the ability to amass generational wealth?

Most immigrants arrive without any generational wealth and do well in just 1-2 generations.

There are much more important factors at play than whatever happened 3-4-5 generations ago.

Not only do they typically arrive without generational wealth, but they are often learning to speak English.

Blacks arrived here as slaves. They could not accumulate wealth. After they were freed laws denied them equal opportunity, the state oppressed them, terrorist organizations attacked them, any wealth accumulated was taken from them, etc. There is no comparing a slave vs someone who immigrant here.

Yeah knowing the English language and American culture provides Zero privileges.

Oh wait, it provides HUGE advantages.

Then how is it that Chinese immigrants who arrive poor, know zilch about American culture and don't speak English well manage to academically outperform not only blacks, but whites as well, and are able to do well with business and secure many well-paying jobs in our society?

Language is not a common denominator. Nor is American culture. But specific aspects of culture, such as studying, working hard and taking responsibility for your own outcomes provide much bigger advantages than merely being white and speaking English do.

Because most Chinese immigrants don’t arrive poor. They have enough funds to purchase plane tickets, attend visa interviews, etc. They tend to arrive in the United States with a secondary and post secondary education. Mainland Chinese “poor” never ever make it to the United States.

Glad to help with that huge mystery!

Ah yes, everyone but you was secretly handed hundreds of thousands of dollars.

Nope. I was handed literally hundreds of thousands of dollars which is what it’s called when your parents fully fund your college and graduate work.

That gift seems to have enabled me to understand the basic economics that surround preventing people from accessing resources available to others for centuries.

If your parents fully funded your college and graduate work to the tune of hundreds of thousands of dollars, you are probably in the top 2-5% of America in terms of family wealth, and certainly can't speak for the majority of Americans including most white people.

But I can speak to the drivers of generational wealth. And those include inheriting desirable and appreciating real estate from my great-grandparents and grandparents. Something that would have been challenging and unlikely for poor White Americans but literally illegal for Black ones. Do you see the difference?

Regardless of our parents or grandparents being allowed or not allowed to own real estate, a large percentage of Americans do not inherit real estate or much else in terms of generational wealth, whites included. Again, not all of us are in the top 2-5% and the wealth divide between the richest and the rest of us has gotten even worse in the last 50 years.

You’re so close. If your parents are legally prohibited from owning real estate, you have a 0% chance of inheriting it, right?

So even if most people don’t inherit, those that do will disproportionately be made up of people whose parents…we’re not legally prohibited from owning real estate.

Now consider the knock on effects of $15,000 on the average family. Maybe they invest it in their kids education and end the education debt cycle. Maybe they make a down payment on appreciating real estate which *they* pass on. What our parents were legally permitted to do absolutely impacts our economics.

And, those redlining laws? They were part of specific new deal programs intended to help the white working class. Government handouts to poor white families, like the ones you’re worried about now. There was no parallel for black families.

https://www.npr.org/2017/05/03/526655831/a-forgotten-history-of-how-the-u-s-government-segregated-america

In case you don’t read it, here’s a helpful section:

“Today (2017) African-American incomes on average are about 60 percent of average white incomes. But African-American wealth is about 5 percent of white wealth. Most middle-class families in this country gain their wealth from the equity they have in their homes. So this enormous difference between a 60 percent income ratio and a 5 percent wealth ratio is almost entirely attributable to federal housing policy implemented through the 20th century”

Again, it's a moot point when so many Americans, white or black, have a 0% chance of owning property because their parents didn't pass it on to them, or it went to a different relative, or so on. Generational wealth is typically given in averages - which in reality means a small percentage of Americans get a lot from their predecessors, but most don't get much at all.

But for those who do... while clinging to your theories, how do you explain that these days many black families ARE managing to accumulate wealth and pass it on, with many black families entering the middle and upper class? It's because most of those families started taking advantage of the fact that those barriers dropped 50 years ago, and now have a 50 year head-start on their peers. How do you explain how a black immigrant from Ghana will do what he can to start a business, work hard, buy real estate and so on? Do you think he gets some kind of special pass, like in 2023 the Systemic Racist Cabal takes a look at his documents and says "yeah we see that your skin is black, but you get a pass because you're from Ghana but heaven forbid we let any uppity American-born blacks buy any real estate or start a business?" No. It's because he's completely ignorant to those barriers that existed 50 years ago, they don't affect him. Yes, parts of the black community is still haunted by those shadows of the past, but so much of it these days is a faulty self-constraining "we can't because we couldn't" - but the reality that many blacks have found is "we couldn't but now we can" and that's what needs to be taught, encouraged and repeated.

A different but somewhat similar tale could be told about Asian Americans and how Japanese Americans were forced into internment camps in WW2. Similar to Jewish Americans. Yet today Asian American income surpasses all other racial groups, including whites. You sound like a white savior.

[Anonymous]

He’s just another Southern dumbass who wants to blame imaginary Yankee oppressors for their own mediocrity and stupidity. Those dudes have all the freedom in the world to be whatever they want to be and they want to be delusional losers. The only thing holding down Southern white men is their devotion to their own myths, especially their delusion that they are being oppressed if they can’t oppress Blacks and immigrants and women. They really can’t be happy in a world where there is are not permanent subservient underclasses for them to mistreat at their pleasure.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This singer and the fans of his song are emblematic of multiple generations of white, uneducated people who cannot compete in the modern world.

These people are some of the most entitled people in the history of mankind. Despite having a 200 year head start, they are still moping about how everything is going to hell. Meanwhile, immigrants routinely come to this country from Asia and rocket their families into the upper income tier within a generation because they value education. This is just a sad song for lazy losers to drown in their misplaced victimhood.

Nailed it. Welcome to the Trump base.

And what does it tell us about the blacks that have been here for centuries longer?

There were laws in place to oppress and take any wealth generated by blacks. The poor white are poor because they are lazy.

LOL. No black person is poor at this moment in time because of laws in place more than half a century ago. If you think the average white person is benefiting from some kind of generational wealth, you need to get out more.

Inhabitants of the DC provincial bubble do need to get out more, but good luck telling them.

Gosh. If only this had ever been studied?

https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/inheritances-by-race#:~:text=Across%20all%20age%20groups%2C%20White,average%2C%20differs%20slightly%20by%20race.

Oh. Wait.

"Across all age groups, White households on average inherit about $15,000, about five times more than Black families and over six times more than Hispanic families"

In other words, it's Hispanics who could be whining...but instead they are working hard and getting ahead. Same as any minority group or person who wants.

Don't be so openly racist.

In other words, all of the yammering you and your buddies do about how Black people have no disadvantages against poor White people is, on average, $12,000 wrong.

That’s the difference between having a car payment and a paid off car. Or a paid for Associates vs a student loan. In other words, life changing money for many.

(DP) That survey also says that the probability of receiving an inheritance at all for all people is between 2.4 and 11%, so this seems to be a lot of focus on a very small number of people who might actually receive an inheritance. It really should not be generalized to the full electorate. Also, if the 5% of wealthiest people were eliminated from the survey, or even just the 1%, the averages would be very different.

It never ends though. A property in a predominantly white community is more valuable than an identical property in a predominantly black community. That is true anywhere in America. The schools aren’t equal. The black homeowner in a black neighborhood probably has a lower credit rating and higher interest rate. The white-owned house in the white-neighborhood with the majority white school appreciates rapidly in value. The black-owned house in the black neighborhood with the majority black school may not appreciate at all.

Now you’re just making stuff up to serve your own bias.

If property in a white community is more valuable than a predominantly black community then why is real estate in NE DC more expensive than most places in west virginia? A white working class family in Hagerstown, MD would see zero real estate appreciation while a black family in Shaw could sell for hundreds of thousands more than 20 years ago.

Sigh. You’re not thinking about this objectively because you’re so busy trying to feel like you’re a victim.

Yes, some black neighborhoods have appreciated more than some white ones.

However, black families were explicitly denied the right to buy houses in the kind of neighborhoods which have seen the largest (not large, largest) growth in prices. What do you think the impact of those laws were?

And, when they were forced by those laws into housing purchases in areas which have absolutely not appreciated, what impact do you think that has had on the ability to amass generational wealth?

Most immigrants arrive without any generational wealth and do well in just 1-2 generations.

There are much more important factors at play than whatever happened 3-4-5 generations ago.

Not only do they typically arrive without generational wealth, but they are often learning to speak English.

Blacks arrived here as slaves. They could not accumulate wealth. After they were freed laws denied them equal opportunity, the state oppressed them, terrorist organizations attacked them, any wealth accumulated was taken from them, etc. There is no comparing a slave vs someone who immigrant here.

Yeah knowing the English language and American culture provides Zero privileges.

Oh wait, it provides HUGE advantages.

Then how is it that Chinese immigrants who arrive poor, know zilch about American culture and don't speak English well manage to academically outperform not only blacks, but whites as well, and are able to do well with business and secure many well-paying jobs in our society?

Language is not a common denominator. Nor is American culture. But specific aspects of culture, such as studying, working hard and taking responsibility for your own outcomes provide much bigger advantages than merely being white and speaking English do.

Because most Chinese immigrants don’t arrive poor. They have enough funds to purchase plane tickets, attend visa interviews, etc. They tend to arrive in the United States with a secondary and post secondary education. Mainland Chinese “poor” never ever make it to the United States.

Glad to help with that huge mystery!

Ah yes, everyone but you was secretly handed hundreds of thousands of dollars.

Nope. I was handed literally hundreds of thousands of dollars which is what it’s called when your parents fully fund your college and graduate work.

That gift seems to have enabled me to understand the basic economics that surround preventing people from accessing resources available to others for centuries.

If your parents fully funded your college and graduate work to the tune of hundreds of thousands of dollars, you are probably in the top 2-5% of America in terms of family wealth, and certainly can't speak for the majority of Americans including most white people.

But I can speak to the drivers of generational wealth. And those include inheriting desirable and appreciating real estate from my great-grandparents and grandparents. Something that would have been challenging and unlikely for poor White Americans but literally illegal for Black ones. Do you see the difference?

Regardless of our parents or grandparents being allowed or not allowed to own real estate, a large percentage of Americans do not inherit real estate or much else in terms of generational wealth, whites included. Again, not all of us are in the top 2-5% and the wealth divide between the richest and the rest of us has gotten even worse in the last 50 years.

You’re so close. If your parents are legally prohibited from owning real estate, you have a 0% chance of inheriting it, right?

So even if most people don’t inherit, those that do will disproportionately be made up of people whose parents…we’re not legally prohibited from owning real estate.

Now consider the knock on effects of $15,000 on the average family. Maybe they invest it in their kids education and end the education debt cycle. Maybe they make a down payment on appreciating real estate which *they* pass on. What our parents were legally permitted to do absolutely impacts our economics.

And, those redlining laws? They were part of specific new deal programs intended to help the white working class. Government handouts to poor white families, like the ones you’re worried about now. There was no parallel for black families.

https://www.npr.org/2017/05/03/526655831/a-forgotten-history-of-how-the-u-s-government-segregated-america

In case you don’t read it, here’s a helpful section:

“Today (2017) African-American incomes on average are about 60 percent of average white incomes. But African-American wealth is about 5 percent of white wealth. Most middle-class families in this country gain their wealth from the equity they have in their homes. So this enormous difference between a 60 percent income ratio and a 5 percent wealth ratio is almost entirely attributable to federal housing policy implemented through the 20th century”

Again, it's a moot point when so many Americans, white or black, have a 0% chance of owning property because their parents didn't pass it on to them, or it went to a different relative, or so on. Generational wealth is typically given in averages - which in reality means a small percentage of Americans get a lot from their predecessors, but most don't get much at all.

But for those who do... while clinging to your theories, how do you explain that these days many black families ARE managing to accumulate wealth and pass it on, with many black families entering the middle and upper class? It's because most of those families started taking advantage of the fact that those barriers dropped 50 years ago, and now have a 50 year head-start on their peers. How do you explain how a black immigrant from Ghana will do what he can to start a business, work hard, buy real estate and so on? Do you think he gets some kind of special pass, like in 2023 the Systemic Racist Cabal takes a look at his documents and says "yeah we see that your skin is black, but you get a pass because you're from Ghana but heaven forbid we let any uppity American-born blacks buy any real estate or start a business?" No. It's because he's completely ignorant to those barriers that existed 50 years ago, they don't affect him. Yes, parts of the black community is still haunted by those shadows of the past, but so much of it these days is a faulty self-constraining "we can't because we couldn't" - but the reality that many blacks have found is "we couldn't but now we can" and that's what needs to be taught, encouraged and repeated.

The immigrant from Ghana is, typically, Ghanaian elite. He or she has a passport (many Americans do not) passed the visa interview, paid for airfare, proved sufficient income to be allowed to immigrate. Their family members were not, as you point out, prohibited from property ownership, attending university, etc and so they are raised within the global elite.

The fact that many Black American families are now accumulating wealth despite having institutional barriers placed in their path is indicative of the fact that they’re willing to work significantly harder than many of their peers who lacked those barriers. And unfortunately “many” has still not translated into a significant dent in the racial wealth gap, unless you have credible statistics you’re willing to share?

Hi white anglo golf club member, when is the last time you met an immigrant from Ghana or Honduras or Vietnam?

NP. I am white Anglo (don’t play golf) in a rich VA town and my neighbors are from Ghana and beyond wealthy - this is one of their five homes worldwide. Wonderful people! Interestingly enough, the father said that none of his kids (many already young adults) will be permitted to marry an African American without his scrutiny because he sees them as self-absorbed, lazy and violent. Go figure, right?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This singer and the fans of his song are emblematic of multiple generations of white, uneducated people who cannot compete in the modern world.

These people are some of the most entitled people in the history of mankind. Despite having a 200 year head start, they are still moping about how everything is going to hell. Meanwhile, immigrants routinely come to this country from Asia and rocket their families into the upper income tier within a generation because they value education. This is just a sad song for lazy losers to drown in their misplaced victimhood.

Nailed it. Welcome to the Trump base.

And what does it tell us about the blacks that have been here for centuries longer?

There were laws in place to oppress and take any wealth generated by blacks. The poor white are poor because they are lazy.

LOL. No black person is poor at this moment in time because of laws in place more than half a century ago. If you think the average white person is benefiting from some kind of generational wealth, you need to get out more.

Inhabitants of the DC provincial bubble do need to get out more, but good luck telling them.

Gosh. If only this had ever been studied?

https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/inheritances-by-race#:~:text=Across%20all%20age%20groups%2C%20White,average%2C%20differs%20slightly%20by%20race.

Oh. Wait.

"Across all age groups, White households on average inherit about $15,000, about five times more than Black families and over six times more than Hispanic families"

In other words, it's Hispanics who could be whining...but instead they are working hard and getting ahead. Same as any minority group or person who wants.

Don't be so openly racist.

In other words, all of the yammering you and your buddies do about how Black people have no disadvantages against poor White people is, on average, $12,000 wrong.

That’s the difference between having a car payment and a paid off car. Or a paid for Associates vs a student loan. In other words, life changing money for many.

(DP) That survey also says that the probability of receiving an inheritance at all for all people is between 2.4 and 11%, so this seems to be a lot of focus on a very small number of people who might actually receive an inheritance. It really should not be generalized to the full electorate. Also, if the 5% of wealthiest people were eliminated from the survey, or even just the 1%, the averages would be very different.

It never ends though. A property in a predominantly white community is more valuable than an identical property in a predominantly black community. That is true anywhere in America. The schools aren’t equal. The black homeowner in a black neighborhood probably has a lower credit rating and higher interest rate. The white-owned house in the white-neighborhood with the majority white school appreciates rapidly in value. The black-owned house in the black neighborhood with the majority black school may not appreciate at all.

Now you’re just making stuff up to serve your own bias.

If property in a white community is more valuable than a predominantly black community then why is real estate in NE DC more expensive than most places in west virginia? A white working class family in Hagerstown, MD would see zero real estate appreciation while a black family in Shaw could sell for hundreds of thousands more than 20 years ago.

Sigh. You’re not thinking about this objectively because you’re so busy trying to feel like you’re a victim.

Yes, some black neighborhoods have appreciated more than some white ones.

However, black families were explicitly denied the right to buy houses in the kind of neighborhoods which have seen the largest (not large, largest) growth in prices. What do you think the impact of those laws were?

And, when they were forced by those laws into housing purchases in areas which have absolutely not appreciated, what impact do you think that has had on the ability to amass generational wealth?

Most immigrants arrive without any generational wealth and do well in just 1-2 generations.

There are much more important factors at play than whatever happened 3-4-5 generations ago.

Not only do they typically arrive without generational wealth, but they are often learning to speak English.

Blacks arrived here as slaves. They could not accumulate wealth. After they were freed laws denied them equal opportunity, the state oppressed them, terrorist organizations attacked them, any wealth accumulated was taken from them, etc. There is no comparing a slave vs someone who immigrant here.

Yeah knowing the English language and American culture provides Zero privileges.

Oh wait, it provides HUGE advantages.

Then how is it that Chinese immigrants who arrive poor, know zilch about American culture and don't speak English well manage to academically outperform not only blacks, but whites as well, and are able to do well with business and secure many well-paying jobs in our society?

Language is not a common denominator. Nor is American culture. But specific aspects of culture, such as studying, working hard and taking responsibility for your own outcomes provide much bigger advantages than merely being white and speaking English do.

Because most Chinese immigrants don’t arrive poor. They have enough funds to purchase plane tickets, attend visa interviews, etc. They tend to arrive in the United States with a secondary and post secondary education. Mainland Chinese “poor” never ever make it to the United States.

Glad to help with that huge mystery!

Ah yes, everyone but you was secretly handed hundreds of thousands of dollars.

Nope. I was handed literally hundreds of thousands of dollars which is what it’s called when your parents fully fund your college and graduate work.

That gift seems to have enabled me to understand the basic economics that surround preventing people from accessing resources available to others for centuries.

If your parents fully funded your college and graduate work to the tune of hundreds of thousands of dollars, you are probably in the top 2-5% of America in terms of family wealth, and certainly can't speak for the majority of Americans including most white people.

But I can speak to the drivers of generational wealth. And those include inheriting desirable and appreciating real estate from my great-grandparents and grandparents. Something that would have been challenging and unlikely for poor White Americans but literally illegal for Black ones. Do you see the difference?

Regardless of our parents or grandparents being allowed or not allowed to own real estate, a large percentage of Americans do not inherit real estate or much else in terms of generational wealth, whites included. Again, not all of us are in the top 2-5% and the wealth divide between the richest and the rest of us has gotten even worse in the last 50 years.

You’re so close. If your parents are legally prohibited from owning real estate, you have a 0% chance of inheriting it, right?

So even if most people don’t inherit, those that do will disproportionately be made up of people whose parents…we’re not legally prohibited from owning real estate.

Now consider the knock on effects of $15,000 on the average family. Maybe they invest it in their kids education and end the education debt cycle. Maybe they make a down payment on appreciating real estate which *they* pass on. What our parents were legally permitted to do absolutely impacts our economics.

And, those redlining laws? They were part of specific new deal programs intended to help the white working class. Government handouts to poor white families, like the ones you’re worried about now. There was no parallel for black families.

https://www.npr.org/2017/05/03/526655831/a-forgotten-history-of-how-the-u-s-government-segregated-america

In case you don’t read it, here’s a helpful section:

“Today (2017) African-American incomes on average are about 60 percent of average white incomes. But African-American wealth is about 5 percent of white wealth. Most middle-class families in this country gain their wealth from the equity they have in their homes. So this enormous difference between a 60 percent income ratio and a 5 percent wealth ratio is almost entirely attributable to federal housing policy implemented through the 20th century”

Again, it's a moot point when so many Americans, white or black, have a 0% chance of owning property because their parents didn't pass it on to them, or it went to a different relative, or so on. Generational wealth is typically given in averages - which in reality means a small percentage of Americans get a lot from their predecessors, but most don't get much at all.

But for those who do... while clinging to your theories, how do you explain that these days many black families ARE managing to accumulate wealth and pass it on, with many black families entering the middle and upper class? It's because most of those families started taking advantage of the fact that those barriers dropped 50 years ago, and now have a 50 year head-start on their peers. How do you explain how a black immigrant from Ghana will do what he can to start a business, work hard, buy real estate and so on? Do you think he gets some kind of special pass, like in 2023 the Systemic Racist Cabal takes a look at his documents and says "yeah we see that your skin is black, but you get a pass because you're from Ghana but heaven forbid we let any uppity American-born blacks buy any real estate or start a business?" No. It's because he's completely ignorant to those barriers that existed 50 years ago, they don't affect him. Yes, parts of the black community is still haunted by those shadows of the past, but so much of it these days is a faulty self-constraining "we can't because we couldn't" - but the reality that many blacks have found is "we couldn't but now we can" and that's what needs to be taught, encouraged and repeated.

A different but somewhat similar tale could be told about Asian Americans and how Japanese Americans were forced into internment camps in WW2. Similar to Jewish Americans. Yet today Asian American income surpasses all other racial groups, including whites. You sound like a white savior.

. White savior complex is real in this country, and they don’t recognize their own arrogance.

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Anonymous wrote:This singer and the fans of his song are emblematic of multiple generations of white, uneducated people who cannot compete in the modern world.

These people are some of the most entitled people in the history of mankind. Despite having a 200 year head start, they are still moping about how everything is going to hell. Meanwhile, immigrants routinely come to this country from Asia and rocket their families into the upper income tier within a generation because they value education. This is just a sad song for lazy losers to drown in their misplaced victimhood.

Nailed it. Welcome to the Trump base.

And what does it tell us about the blacks that have been here for centuries longer?

There were laws in place to oppress and take any wealth generated by blacks. The poor white are poor because they are lazy.

LOL. No black person is poor at this moment in time because of laws in place more than half a century ago. If you think the average white person is benefiting from some kind of generational wealth, you need to get out more.

Inhabitants of the DC provincial bubble do need to get out more, but good luck telling them.

Gosh. If only this had ever been studied?

https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/inheritances-by-race#:~:text=Across%20all%20age%20groups%2C%20White,average%2C%20differs%20slightly%20by%20race.

Oh. Wait.

"Across all age groups, White households on average inherit about $15,000, about five times more than Black families and over six times more than Hispanic families"

In other words, it's Hispanics who could be whining...but instead they are working hard and getting ahead. Same as any minority group or person who wants.

Don't be so openly racist.

In other words, all of the yammering you and your buddies do about how Black people have no disadvantages against poor White people is, on average, $12,000 wrong.

That’s the difference between having a car payment and a paid off car. Or a paid for Associates vs a student loan. In other words, life changing money for many.

(DP) That survey also says that the probability of receiving an inheritance at all for all people is between 2.4 and 11%, so this seems to be a lot of focus on a very small number of people who might actually receive an inheritance. It really should not be generalized to the full electorate. Also, if the 5% of wealthiest people were eliminated from the survey, or even just the 1%, the averages would be very different.

It never ends though. A property in a predominantly white community is more valuable than an identical property in a predominantly black community. That is true anywhere in America. The schools aren’t equal. The black homeowner in a black neighborhood probably has a lower credit rating and higher interest rate. The white-owned house in the white-neighborhood with the majority white school appreciates rapidly in value. The black-owned house in the black neighborhood with the majority black school may not appreciate at all.

Now you’re just making stuff up to serve your own bias.

If property in a white community is more valuable than a predominantly black community then why is real estate in NE DC more expensive than most places in west virginia? A white working class family in Hagerstown, MD would see zero real estate appreciation while a black family in Shaw could sell for hundreds of thousands more than 20 years ago.

Sigh. You’re not thinking about this objectively because you’re so busy trying to feel like you’re a victim.

Yes, some black neighborhoods have appreciated more than some white ones.

However, black families were explicitly denied the right to buy houses in the kind of neighborhoods which have seen the largest (not large, largest) growth in prices. What do you think the impact of those laws were?

And, when they were forced by those laws into housing purchases in areas which have absolutely not appreciated, what impact do you think that has had on the ability to amass generational wealth?

Most immigrants arrive without any generational wealth and do well in just 1-2 generations.

There are much more important factors at play than whatever happened 3-4-5 generations ago.

Not only do they typically arrive without generational wealth, but they are often learning to speak English.

Blacks arrived here as slaves. They could not accumulate wealth. After they were freed laws denied them equal opportunity, the state oppressed them, terrorist organizations attacked them, any wealth accumulated was taken from them, etc. There is no comparing a slave vs someone who immigrant here.

Yeah knowing the English language and American culture provides Zero privileges.

Oh wait, it provides HUGE advantages.

Then how is it that Chinese immigrants who arrive poor, know zilch about American culture and don't speak English well manage to academically outperform not only blacks, but whites as well, and are able to do well with business and secure many well-paying jobs in our society?

Language is not a common denominator. Nor is American culture. But specific aspects of culture, such as studying, working hard and taking responsibility for your own outcomes provide much bigger advantages than merely being white and speaking English do.

Because most Chinese immigrants don’t arrive poor. They have enough funds to purchase plane tickets, attend visa interviews, etc. They tend to arrive in the United States with a secondary and post secondary education. Mainland Chinese “poor” never ever make it to the United States.

Glad to help with that huge mystery!

Ah yes, everyone but you was secretly handed hundreds of thousands of dollars.

Nope. I was handed literally hundreds of thousands of dollars which is what it’s called when your parents fully fund your college and graduate work.

That gift seems to have enabled me to understand the basic economics that surround preventing people from accessing resources available to others for centuries.

If your parents fully funded your college and graduate work to the tune of hundreds of thousands of dollars, you are probably in the top 2-5% of America in terms of family wealth, and certainly can't speak for the majority of Americans including most white people.

But I can speak to the drivers of generational wealth. And those include inheriting desirable and appreciating real estate from my great-grandparents and grandparents. Something that would have been challenging and unlikely for poor White Americans but literally illegal for Black ones. Do you see the difference?

Regardless of our parents or grandparents being allowed or not allowed to own real estate, a large percentage of Americans do not inherit real estate or much else in terms of generational wealth, whites included. Again, not all of us are in the top 2-5% and the wealth divide between the richest and the rest of us has gotten even worse in the last 50 years.

You’re so close. If your parents are legally prohibited from owning real estate, you have a 0% chance of inheriting it, right?

So even if most people don’t inherit, those that do will disproportionately be made up of people whose parents…we’re not legally prohibited from owning real estate.

Now consider the knock on effects of $15,000 on the average family. Maybe they invest it in their kids education and end the education debt cycle. Maybe they make a down payment on appreciating real estate which *they* pass on. What our parents were legally permitted to do absolutely impacts our economics.

And, those redlining laws? They were part of specific new deal programs intended to help the white working class. Government handouts to poor white families, like the ones you’re worried about now. There was no parallel for black families.

https://www.npr.org/2017/05/03/526655831/a-forgotten-history-of-how-the-u-s-government-segregated-america

In case you don’t read it, here’s a helpful section:

“Today (2017) African-American incomes on average are about 60 percent of average white incomes. But African-American wealth is about 5 percent of white wealth. Most middle-class families in this country gain their wealth from the equity they have in their homes. So this enormous difference between a 60 percent income ratio and a 5 percent wealth ratio is almost entirely attributable to federal housing policy implemented through the 20th century”

Again, it's a moot point when so many Americans, white or black, have a 0% chance of owning property because their parents didn't pass it on to them, or it went to a different relative, or so on. Generational wealth is typically given in averages - which in reality means a small percentage of Americans get a lot from their predecessors, but most don't get much at all.

But for those who do... while clinging to your theories, how do you explain that these days many black families ARE managing to accumulate wealth and pass it on, with many black families entering the middle and upper class? It's because most of those families started taking advantage of the fact that those barriers dropped 50 years ago, and now have a 50 year head-start on their peers. How do you explain how a black immigrant from Ghana will do what he can to start a business, work hard, buy real estate and so on? Do you think he gets some kind of special pass, like in 2023 the Systemic Racist Cabal takes a look at his documents and says "yeah we see that your skin is black, but you get a pass because you're from Ghana but heaven forbid we let any uppity American-born blacks buy any real estate or start a business?" No. It's because he's completely ignorant to those barriers that existed 50 years ago, they don't affect him. Yes, parts of the black community is still haunted by those shadows of the past, but so much of it these days is a faulty self-constraining "we can't because we couldn't" - but the reality that many blacks have found is "we couldn't but now we can" and that's what needs to be taught, encouraged and repeated.

A different but somewhat similar tale could be told about Asian Americans and how Japanese Americans were forced into internment camps in WW2. Similar to Jewish Americans. Yet today Asian American income surpasses all other racial groups, including whites. You sound like a white savior.

You mean the people forced into internment camps who were rightly paid reparations? Who did things with those reparations like…send their children to elite Universities?

https://www.theatlantic.com/ideas/archive/2023/06/japanese-american-wwii-internment-reparations-redress-movement/674349/

Why do you persist in acting like we have no idea other than your feelings about why things happen? And that no one has ever looked at this question?