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

[Anonymous]

Anonymous wrote:So we incentivize people not to work hard and rather just to be lazy and crap out more kids they can't afford. Great.

+1000. If the culture in these families is not to work and save, then the moment they can get their hands on the money most will blow it on short-term gratification.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So we incentivize people not to work hard and rather just to be lazy and crap out more kids they can't afford. Great.

+1000. If the culture in these families is not to work and save, then the moment they can get their hands on the money most will blow it on short-term gratification.

Why do you think there is a culture of not working?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Or we could have free quality childcare for the under 5 set. Classes with 20 kids max for everyone with reading and math support. Pretty much scaffold and I do as many community issues (if they exist) as we can and lift all those kids up and up and give them portions beyond getting pregnant at 16 etc. and yes tracking. Talented people are needed for all sorts of trades and jobs that don't need college but can lead to a successful life and independence from the govt. Teach budgeting and proper shop and intro to nursing along with college prep.

This is basically the “Nordic Model.”

and this basically comes back to what derek thomspon in the atlantic said all the way back in 2016. how do we bring some semblance of this model in a country as diverse as ours. where do we find the political will and buy-in from the public to do so

[Anonymous]

Anonymous wrote:

Anonymous wrote:Amazing how people don't want to give $50K to poor people because they're afraid they'll act irresponsibly, but have no problem giving billion dollar bailouts to corporations who have a proven track record of behaving irresponsibly.

Bingo.

Because these companies employ tens of thousands, and support entire network of supply chains and consulting companies that employ tens of thousands more people. That's why.

It's not bailing out the companies so that the CEO can buy a new Cadillac.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Amazing how people don't want to give $50K to poor people because they're afraid they'll act irresponsibly, but have no problem giving billion dollar bailouts to corporations who have a proven track record of behaving irresponsibly.

Bingo.

Because these companies employ tens of thousands, and support entire network of supply chains and consulting companies that employ tens of thousands more people. That's why.

It's not bailing out the companies so that the CEO can buy a new Cadillac.

Why do you think poor black children would spend their money on a Cadillac? That seems like an extremely racist (not to mention dated) assumption.

[Anonymous]

Anonymous wrote:Amazing how people don't want to give $50K to poor people because they're afraid they'll act irresponsibly, but have no problem giving billion dollar bailouts to corporations who have a proven track record of behaving irresponsibly.

huh. has one person on here said they're in favor of bailing out corporations with billions? I must have missed that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Amazing how people don't want to give $50K to poor people because they're afraid they'll act irresponsibly, but have no problem giving billion dollar bailouts to corporations who have a proven track record of behaving irresponsibly.

Bingo.

Because these companies employ tens of thousands, and support entire network of supply chains and consulting companies that employ tens of thousands more people. That's why.

It's not bailing out the companies so that the CEO can buy a new Cadillac.

You are so naive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Amazing how people don't want to give $50K to poor people because they're afraid they'll act irresponsibly, but have no problem giving billion dollar bailouts to corporations who have a proven track record of behaving irresponsibly.

huh. has one person on here said they're in favor of bailing out corporations with billions? I must have missed that.

You missed 11:21.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So we incentivize people not to work hard and rather just to be lazy and crap out more kids they can't afford. Great.

+1000. If the culture in these families is not to work and save, then the moment they can get their hands on the money most will blow it on short-term gratification.

African Americans have been “working hard” while being hated and abused for over 400 years! If anyone in the States deserves additional support it’s AAs.

All these people spewing hate and ignorance wouldn’t last a month living as an AA, before wanting to end it all!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Amazing how people don't want to give $50K to poor people because they're afraid they'll act irresponsibly, but have no problem giving billion dollar bailouts to corporations who have a proven track record of behaving irresponsibly.

huh. has one person on here said they're in favor of bailing out corporations with billions? I must have missed that.

+1. I think pp above you just did, at least for the COVID bailouts. But lots of us—you and me—think a lot of that was wrong, at least how it’s been implemented. We didn’t mention it because it’s not the subject of this thread, so I’m with you on the

There’s practically zero oversight over who got the COVID PPP money, what with Trump firing a credible IG, Mnuchin refusing to release reports, and the rest. Most don’t think it’s a great idea to bail out an industry that can’t survive on its own. For example, we shouldn’t have given $500B to the airline industry to prop them up during COVID, when the economics suggest the whole industry isn’t viable with the current number of airlines and there needs to be a serous shakeout.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So we incentivize people not to work hard and rather just to be lazy and crap out more kids they can't afford. Great.

+1000. If the culture in these families is not to work and save, then the moment they can get their hands on the money most will blow it on short-term gratification.

African Americans have been “working hard” while being hated and abused for over 400 years! If anyone in the States deserves additional support it’s AAs.

All these people spewing hate and ignorance wouldn’t last a month living as an AA, before wanting to end it all!

I'm pretty sure with my 99th percentile IQ that I'd do fairly well as an AA. Just a hunch.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m a physician and would have blown this entire account on partying in college.

Ok. But how do you think your Medicaid patients would have spent it?

I work in Medicaid case management and love my patients and my job. I spend my days connecting people with resources (which are many in this city including free childcare for everyone under a certain income).

But 95% of them would blow through a 50K one time payment within a few months.
5-10% would probably use it for long term goals and/or education.

I honestly think this would be worth it---we could change the trajectory of 5-10% at the cost of losing 90% of the money.

I think the idea is that you get it when you are born, but don’t have access to it for twenty years. I think less people would blow through it if they had time to think about it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So we incentivize people not to work hard and rather just to be lazy and crap out more kids they can't afford. Great.

+1000. If the culture in these families is not to work and save, then the moment they can get their hands on the money most will blow it on short-term gratification.

African Americans have been “working hard” while being hated and abused for over 400 years! If anyone in the States deserves additional support it’s AAs.

All these people spewing hate and ignorance wouldn’t last a month living as an AA, before wanting to end it all!

ITA on the additional support. I’ve said above I’d be willing to pay $800b for lasting policies, ten times the $80b you’re talking about for reparations.

I just don’t agree that cash handouts are the way to do it. Cash handouts aren’t going to address all the systemic problems like poor education opportunities, prison reform, discrimination, bad health care, and the rest. Cash handouts aren’t going to help everybody move to good school districts—they’re going to raise house prices in the better school districts out of reach, and they won’t support a 30-year mortgage there anyway. At the end of the day, the next generation will still be stuck with bad school districts and bad healthcare.

Several people have raised these points, in various ways. You need to stop talking about “400 years” and start addressing all the concerns about implementation and lasting systemic change.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m a physician and would have blown this entire account on partying in college.

Ok. But how do you think your Medicaid patients would have spent it?

I work in Medicaid case management and love my patients and my job. I spend my days connecting people with resources (which are many in this city including free childcare for everyone under a certain income).

But 95% of them would blow through a 50K one time payment within a few months.
5-10% would probably use it for long term goals and/or education.

I honestly think this would be worth it---we could change the trajectory of 5-10% at the cost of losing 90% of the money.

I think the idea is that you get it when you are born, but don’t have access to it for twenty years. I think less people would blow through it if they had time to think about it.

It’s 18 years and you can only use it for education or to buy property. But that’s even worse, because $50k is a down payment but it’s not enough to keep paying the mortgage for 30 years on an income that reflects an unreformed school system. Or, you can flip a condo and keep the balance. There will be tons of subprime lenders and scammers trying to help you do that.

$50k won’t even get you 2 years at UMD in-state, so does the recipient have to take out student loans for the rest? Meanwhile, blacks with a college degree earn less than whites with a college degree, but we haven’t addressed any of the reasons (besides discrimination) why this is the case, including forward-thinking policies like Head Start for all.

Meanwhile colleges are raising tuition and housing prices are going up. Inflation is real.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So we incentivize people not to work hard and rather just to be lazy and crap out more kids they can't afford. Great.

+1000. If the culture in these families is not to work and save, then the moment they can get their hands on the money most will blow it on short-term gratification.

African Americans have been “working hard” while being hated and abused for over 400 years! If anyone in the States deserves additional support it’s AAs.

All these people spewing hate and ignorance wouldn’t last a month living as an AA, before wanting to end it all!

ITA on the additional support. I’ve said above I’d be willing to pay $800b for lasting policies, ten times the $80b you’re talking about for reparations.

I just don’t agree that cash handouts are the way to do it. Cash handouts aren’t going to address all the systemic problems like poor education opportunities, prison reform, discrimination, bad health care, and the rest. Cash handouts aren’t going to help everybody move to good school districts—they’re going to raise house prices in the better school districts out of reach, and they won’t support a 30-year mortgage there anyway. At the end of the day, the next generation will still be stuck with bad school districts and bad healthcare.

Several people have raised these points, in various ways. You need to stop talking about “400 years” and start addressing all the concerns about implementation and lasting systemic change.

My point is that AAs have only gained “basic rights” since the late 60s. So you think magically all the problems and trauma that AAs have experienced would be solved in 50 years? Look at Native Americans....

And no, you need to understand that those 400 years are still riding on the backs of every AA in the States. So NEVER tell someone that that was 400 years ago, because that is not your history and your burden.