Yep, I should have been more clear I was agreeing

UTExan said:

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She focuses on race, but in fact the tax code does penalize renters, who, regardless of race, have a difficult time building enough wealth to buy a home. What she doesn't focus on is why (generally) black people don't get more lucrative jobs. My take: disparate cultural value on quality education and criminal record/drug usage which severely limits job options. Our emergency plumber is a black guy who is as busy as a one-armed paper hanger with calls from early morning until evening. He works his tail off and earns big money.

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I employ several black guys who all are blue collar dudes who work their asses off and want MORE from a second job, so they apply and pass background and drug checks. Some of my hardest workers.

This complete dumb****ery is just a cog in the machinery pushing for reparations and should be laughed at as much as reparations, if not more.

I feel like successful blacks outside of the sports, entertainment, and traditionally liberal vocations like them probably don't fit the profile the leftists and their media lapdogs want to celebrate. Hard work and persistence, playing by the traditional rules and winning.... it's just not the message the leftists want to celebrate because it flies in the face of the concepts of government control and dependence on government for your..... so called "well being" .

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The best evidence that the system is unfair to Black people is the sheer size and persistence of the racial wealth gap. The median White family has a net worth eight times the typical Black family's wealth. According to Federal Reserve figures, that's the same size gap as in 1983, despite higher incomes, educational gains, and extraordinary progress by individual Black people, including to the highest office in the land.

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Right off the bat she admits that the best evidence supporting her hypothesis is nothing more than a non-scientific attribution of correlation.

The evidence is pretty clear,however, when you analyze wealth that inherited value typically never persists beyond 2-3 generations maximum. The overwhelming amount of wealth in the country today is controlled by the people that accumulated it, not what transferred from one person to another.

Rich people have known this for ages. It's why they spend such enormous resources on trying to counter this trend for themselves - boarding schools, debutant matchmaking, trusts meant to protect wealth from the very people they benefit,... wealthy people have always acknowledged how fleeting wealth from one generation to the next.

Biblically, the wisest ruler (Solomon) in Ecclesiastes 5 make clear that if God gives you wealth the only wise thing to do is wisely spend and enjoy it now - as it is folly to believe you know it will lead to good or evil in the hands of a descendant.

I just have to wonder if these "journalists" even ponder that idea that articles like this may be driving a wedge between the races. They continuously make things worse by poor research and shock value reporting. To me it is immensely selfish to publish writings like this. Half baked truths covered in the slime of race baiting.

Damn, I didn't use to think that we were capable of repeating history by segregating the races and making hate talk the way we have to communicate.

FrioAg 00 said:

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Rich people have known this for ages. It's why they spend such enormous resources on trying to counter this trend for themselves - boarding schools, debutant matchmaking, trusts meant to protect wealth from the very people they benefit,... wealthy people have always acknowledged how fleeting wealth from one generation to the next.

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I've had many many clients that have generational wealth and do everything they can to get their kids to have the same level of knowledge and desire but the past generations just cant recreate what the patriarchs/matriarchs accomplished. Access cant overcome desire generation over generation. Hard work beats lazy talent.

The Freakonomics podcast had a great episode about it years ago:
https://freakonomics.com/podcast/new-freakonomics-radio-podcast-the-church-of-scionology/


Also watch the Born Rich documentary:

https://www.townandcountrymag.com/leisure/arts-and-culture/a9044077/ivanka-trump-in-born-rich-documentary

Clearly most of you didn't even bother to read the article.

I think much of her logic is flawed and filled with inaccurate assumptions. But she does have a couple of somewhat interesting, tangential evidence (Black Americans are less likely to be married than their White American counterparts and that is impactful on taxes). But overall, most this this is bunk. The deck is stacked for the wealthy. Period.

The most interesting observation in all of this?

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Sixty percent of Black Americans who start college never finish it.

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That is clearly a problem as a good education can be a path out of poverty.

You site two examples of behavioral choices, where black people more frequently make the choice that hurts wealth creation.

That is not a problem with the tax code, nor is it really even a race equality problem. It's a problem with the black culture that supports and encourages economic irrationality.

The economic value of my marriage and in the early investments ovation driven education were both great tools for economic advancement.

45-70Ag said:

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Wealth doesn't know skin color, neither does stupidity. Race pimps know skin color.

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Just this, do you think Michael Jordon or Snoop Dog were left "behind"?

Straight from the article...basically, I can't get provable data on the actual tax codes vs ethnicity, so I'm going to take a single ideological stat, and just state "it must be so".

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The challenge for Brown's research has been all the greater because the IRS doesn't take race into account when it analyzes its giant trove of tax data. So she had to laboriously stitch together information from dozens of other sources to prove her book's thesis. The best evidence that the system is unfair to Black people is the sheer size and persistence of the racial wealth gap. The median White family has a net worth eight times the typical Black family's wealth. According to Federal Reserve figures, that's the same size gap as in 1983, despite higher incomes, educational gains, and extraordinary progress by individual Black people, including to the highest office in the land.

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Fore Left! said:

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Are we talking about the US tax code where the majority of black folks pay no income tax and get $$$ from other actual payers via credits? That tax code is racist?

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Blacks on average get more money from the government than they pay in taxes. How in the hell is this racist?

Change Detection said:

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I just have to wonder if these "journalists" even ponder that idea that articles like this may be driving a wedge between the races. They continuously make things worse by poor research and shock value reporting. To me it is immensely selfish to publish writings like this. Half baked truths covered in the slime of race baiting.

Damn, I didn't use to think that we were capable of repeating history by segregating the races and making hate talk the way we have to communicate.

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"Journalists" such as this start with a premise that the wedge you are speaking of not only already exists, but is the single driver of all behavior and as such the only thing of importance in American society.

To them, the question you are asking is akin to "I just have to wonder if these journalists even ponder the idea that articles like this may cause the sky to turn blue".

And that is part of what makes the disconnect on race so profound. The two sides can't even agree on a starting point to have a discussion, much less have the actual discussion. One side also seeks to demonize the other for this disconnect by claiming that anyone that does not agree with their definition of a "starting point" is irredeemably and virulently racist and as such their ideas are unworthy of consideration much less discussion.

My Name Is Judge said:

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wbt5845 said:

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If a flat tax is what they want, we'll allow it.

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They want tax code to be based on race....

Sickening

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Well in that case I am black. Prove I'm not.

I identify as Wesley snipes

FrioAg 00 said:

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Quote:

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The best evidence that the system is unfair to Black people is the sheer size and persistence of the racial wealth gap. The median White family has a net worth eight times the typical Black family's wealth. According to Federal Reserve figures, that's the same size gap as in 1983, despite higher incomes, educational gains, and extraordinary progress by individual Black people, including to the highest office in the land.

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Right off the bat she admits that the best evidence supporting her hypothesis is nothing more than a non-scientific attribution of correlation.

The evidence is pretty clear,however, when you analyze wealth that inherited value typically never persists beyond 2-3 generations maximum. The overwhelming amount of wealth in the country today is controlled by the people that accumulated it, not what transferred from one person to another.

Rich people have known this for ages. It's why they spend such enormous resources on trying to counter this trend for themselves - boarding schools, debutant matchmaking, trusts meant to protect wealth from the very people they benefit,... wealthy people have always acknowledged how fleeting wealth from one generation to the next.

Biblically, the wisest ruler (Solomon) in Ecclesiastes 5 make clear that if God gives you wealth the only wise thing to do is wisely spend and enjoy it now - as it is folly to believe you know it will lead to good or evil in the hands of a descendant.

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I hate to derail, but Ecclesiastes is thought within biblical scholarly circles to be written after Solomon's life 'in his name and style.' The author is unknown. It could be Solomon though. Ecclesiastes is also a lament about the human condition and death. Chapter 5 is still railing about how money is mismanaged on earth and critiquing humanity's greed. A comment about spending money now and not passing it on to children would be the ancient equivalent of flippant. Its not a proverb. And it goes directly against proverbs like Prov 13:22 'A wise man leaves an inheritance for his children and his children's children.'