A few other comments on these numbers: 1. Wealth is strongly affected by age, and whites are older. A 35 year old MD may be making a lot of money yet have a negative net worth.
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2. Wealth is strongly affected by spending habits. Two people may earn the same amount for years, but if one saves more he will end up with much greater wealth.
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3. Wealth is strongly affected by fertility rates. Groups who divide their wealth among more children will tend to have less per person. Whites have had lower fertility than blacks and hispanics for a long time.
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If we're asking, "Is this wealth gap caused by discrimination?", the answer is no.
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You could say, "even so, we should redistribute to make things more even". I would point out that this penalizes savers and low fertility groups. I would also say that those $116k median whites you apparently want to take from aren't exactly rich.
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If you respond, "oh, I just mean we should take some from the billionaires and give it to everyone," then I might agree with you. Keep in mind that communism has a very bad record.
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Since the threading might make #4 hard to find, here it is again: 4. Immigration will tend to increase the wealth gap because: A. Immigrants don't bring much wealth with them B. Immigrants are mostly nonwhite (cont)
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C. Immigration increases labor competition, lowering wages, making it harder to gain wealth D. Increases existing asset prices
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So that makes it OK then?
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It implies that these outcomes are not the result of discrimination, and trying to equalize this will be unfair to white people.
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No.... it implies that blacks and Hispanics should be grateful that they live in USA.
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And perhaps not try to destroy it
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So marginalised Americans are trying to destroy their adopted country. OK!
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Why do you think they're marginalized?
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My guess is, systemic or structural discrimination in society.
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Prove it
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What is the definition of median family wealth? Does that include savings stocks etc? Does it include your house? Surely they would be wealthier than that.I'm only 19 and I'm worth over 25 times the black average.
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Total value of all your assets minus all your debts.
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Thought so well I don't have any debts.
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As long as leftist race politics of this kind continues, so will the "inexplicable" backlash to it.
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And the leftist politics of this kind will only become more intense. Good.
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