Extremely anti-white Tweet. What would the median wealth of these groups be if they were in separate countries? Well, we basically have that data and it turns out that US blacks and hispanics are economically better off than in countries fully owned by their own people.https://twitter.com/SenSanders/status/918214886454304768 …
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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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4. Immigration will tend to increase the wealth gap because: A. Immigrants don't bring much wealth with them B. Immigrants are mostly nonwhite C. Immigration increases labor competition, lowering wages, making it harder to gain wealth D. Increases existing asset prices
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