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Posted on 7/16/20 at 10:03 am to theunknownknight
This isn't black only, but the proportion of athletes who are millionaires to the total is so small it wouldn't matter:
Article is a little old, but your "exclusions" really don't add up to a big proportion.
quote:
Despite the publicity given to the growing number of young millionaire athletes, only about 3 percent of all million-dollar tax returns are filed by taxpayers under the age of 35. Indeed, of the 8,274 returns reporting more than $10 million in AGI, just 409 were from taxpayers under age 35. Nearly five-times that many taxpayers (1,923) over age 65 reported income more than $10 million in 2009.
Article is a little old, but your "exclusions" really don't add up to a big proportion.
Posted on 7/16/20 at 10:04 am to Tigahs24Seven
A sizable number of those Black millionaires is due to their alliance with China....you know, China who enslaves and tortures people.....
Posted on 7/16/20 at 10:08 am to Tigahs24Seven
quote:
Blacks make up 8% of millionaires in the US
I bet if you surveyed them, 99% of them finished high school, got married before having kids, and busts their arse every day. This country is great because anyone can move up.
The bottom 5% of people in America live better than Billions of people around this earth, and that seems to be forgotten by the grievance industrial complex.
Posted on 7/16/20 at 10:10 am to Lou the Jew from LSU
quote:
you might want to check Nobel prizes by ethnic group. They don’t just hand those out to their buddies.
-hard work IS an overriding characteristic in most Jewish families. The results are what they are.
You should try it rather than citing your self as a perpetual victim of a super secret organization of baddies who treat you all meany pants.
Obama won the Nobel peace prize while roasting children in Pakistan with hellfire missiles so I could give a shite about Nobel prizes.
Haven't you seen, according to the Smithsonian hard work is a racist white construct that is now to be attacked as part of the ethos of whiteness.
I guess whitey cant question why whites can be attacked relentlessly by blacks and progressives yet Nick Cannon is out groveling today because of what he said, tell me I'm wrong?
Posted on 7/16/20 at 10:11 am to theunknownknight
quote:
Remove the NBA, MLB, and NFL: what is the percentage then out of curiosity
Doesn’t matter. Vast majority of wealthy black people are athletes, musicians, or celebrities. Every race has a trend toward specific talents they can use to their advantage. Regardless of the career it takes hard work and dedication to become a millionaire whether it’s athlete, doctor, lawyer, business owner, technological innovation, etc. short of winning the lottery or inheritance you aren’t getting wealthy without hard work and sacrifices
Posted on 7/16/20 at 10:14 am to DarthRebel
quote:
So there is a 38% less chance of an black person being a millionaire.
What was the chance 50 years ago? Next to 0? Point is this shows that systemic racism no longer exists because black people are catching up. But they are playing from behind due to whites already being established in business, property, and wealth. But that wrong was corrected in the 60s. Obviously today it’s equaling out as it should
Posted on 7/16/20 at 10:17 am to Tigahs24Seven
quote:
Nope...I live in a very high end golf community with MANY wealthy black families....it's all about your work ethic folks. Anybody can make it in the the good old USofA if you don't expect it handed to you.
Smithsonian now says work ethic is an evil idea forced upon the melanated peoples by European whiteys
Posted on 7/16/20 at 10:31 am to Tigahs24Seven
quote:we all know this. Black folks may get crap from Hicks and goofballs, but guess what, regular white folks get it from those goofballs too.
Nope...I live in a very high end golf community with MANY wealthy black families....it's all about your work ethic folks. Anybody can make it in the the good old USofA if you don't expect it handed to you.
You work hard, ignore the idiots and live your life
Posted on 7/16/20 at 10:43 am to theunknownknight
quote:
Remove the NBA, MLB, and NFL
Not sure you need to worry about a ton of black MLB millionaires. There are probably less than 10 black players with any sort of name ID. Doesn't remotely compare to NBA and NFL.
Posted on 7/16/20 at 11:07 am to Tigahs24Seven
quote:your whiteness is showing
it's all about your work ethic folks. Anybody can make it in the the good old USofA if you don't expect it handed to you.
Posted on 7/16/20 at 11:11 am to Dixie Normus
quote:Not to mention, black people probably put more emphasis on athletics as a professional venture. You can debate whether that’s the best collective decision, but doesn’t it prove that when they put their effort into something they are capable of exceeding the performance of other races, ethnicities, etc?
8% of 18.6m millionaires is 1,488,000. There aren’t nearly that many NFL/NBA/MLB players or actors, so this would be a very, very small portion of that number. I think 100,000 of that numbers being professional athletes/sports players would be a very generous estimate.
ETA: by generous, I mean that is likely an overestimate.
This post was edited on 7/16/20 at 11:27 am
Posted on 7/16/20 at 11:16 am to BigB123
Also, Asians make up 8% of millionaires and only 5% of the population.
Posted on 7/16/20 at 11:20 am to teke184
quote:
If those two avenues are blocked to you, you either study your arse off or try to become a drug kingpin. Take a wild guess which path is more popular.
Until more black people start teaching their kids that it's ok to work your way up to management at Autozone etc and that it's not realistic for them to make it as the next Lil' or RB they will continue to set themselves up for failure with unattainable goals.
Posted on 7/16/20 at 11:25 am to td1
quote:One thing to be careful of is that they use “household” for defining wealth. Keep in mind white households are more likely to have two married adults, often with two incomes and sharing expenses. Is it any wonder that situation enables the accumulation of more wealth? If nothing else that allows purchasing a more expensive (shared) house that will have more appreciation.
These statistics from 2017 by the FED, may explain a little more why only 8% of the millionaires are black.
LINK
The other issue is urban vs rural. It’s more difficult to own a multi-family housing unit in a city. Rent is a much more common living arrangement in those environments. Interestingly Dems want more of these housing arrangements, which will just widen the gap as more families miss out on benefits of ownership and more landlords make money off them.
Posted on 7/16/20 at 11:44 am to teke184
(no message)
This post was edited on 7/16/20 at 11:51 am
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