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Message
Just a reminder: The narrative is still false.
Posted on 7/7/20 at 7:00 am
Posted on 7/7/20 at 7:00 am
The BLM narrative is still a myth. I'm certainly open to putting ALL the statistics front and center on the table and have an open and civil debate. Until that happens, I'll be shooting pool at Snooker's. Over & Out.
7
Posted on 7/7/20 at 7:01 am to tigerpawl
Bringing statistics and facts to the table is racist.
Posted on 7/7/20 at 7:20 am to xxTIMMYxx
quote:
Bringing statistics and facts to the table is racist.
yea dont confuse me with the facts
Posted on 7/7/20 at 7:41 am to tigerpawl
They’re doing what every successful Marxist revolution before them has done; they are obfuscating reality so that any benign disagreement with any statistically observable inaccuracy in their message can be twisted as evidence of your complicity or outright contribution to the root problems of society.
So with that said, there are in fact some areas where legitimate race problems exist: for example, we do have a legitimate, systemic problem around wealth accumulation in the black community. The median wealth of all white households in the US is $170,000 whereas the median wealth of all black households is $17,000. That’s pretty clear evidence that something big is going on in the realm of wealth accumulation, and it’s something that we do need to take a hard look at. I’m 100% on board with that, that’s a huge imbalance that probably did not happen randomly.
But on the flip side, I’m not on board with defunding entire police departments because cognitive bias has caused a mass delusion of believing that there is an epidemic of unarmed black men being killed by cops. Just objectively speaking, the data says that’s flat out not true. It’s not an opinion; it’s statistically observable reality.
But if I tell that to a BLM zealot, I’m immediately denounced as a racist, which means that any opinions or insights I have on addressing the wealth inequality issue have immediately become void. And I’m an economist! I want to study wealth accumulation problems, that’s the kind of shift that gets my nerdy rocks off. But they’re throwing away a potential ally on the wealth problem because I’m not going to be a willfully blind soldier in combating imaginary problems that don’t have any basis in reality. So they move down the list to someone who is willing to turn a blind eye to the other crazy parts, but odds are, that guy’s going to be a shite economist. So fixing the wealth disparity problem only becomes more difficult.
It’s a flat out crazy way to try to create change, and like all Marxist revolutions that preceded it, it’s not going to improve the lives of the people in the country it claims to fight for. It’s just going to shift the power to someone new, and most likely someone with a strong authoritarian slant.
So with that said, there are in fact some areas where legitimate race problems exist: for example, we do have a legitimate, systemic problem around wealth accumulation in the black community. The median wealth of all white households in the US is $170,000 whereas the median wealth of all black households is $17,000. That’s pretty clear evidence that something big is going on in the realm of wealth accumulation, and it’s something that we do need to take a hard look at. I’m 100% on board with that, that’s a huge imbalance that probably did not happen randomly.
But on the flip side, I’m not on board with defunding entire police departments because cognitive bias has caused a mass delusion of believing that there is an epidemic of unarmed black men being killed by cops. Just objectively speaking, the data says that’s flat out not true. It’s not an opinion; it’s statistically observable reality.
But if I tell that to a BLM zealot, I’m immediately denounced as a racist, which means that any opinions or insights I have on addressing the wealth inequality issue have immediately become void. And I’m an economist! I want to study wealth accumulation problems, that’s the kind of shift that gets my nerdy rocks off. But they’re throwing away a potential ally on the wealth problem because I’m not going to be a willfully blind soldier in combating imaginary problems that don’t have any basis in reality. So they move down the list to someone who is willing to turn a blind eye to the other crazy parts, but odds are, that guy’s going to be a shite economist. So fixing the wealth disparity problem only becomes more difficult.
It’s a flat out crazy way to try to create change, and like all Marxist revolutions that preceded it, it’s not going to improve the lives of the people in the country it claims to fight for. It’s just going to shift the power to someone new, and most likely someone with a strong authoritarian slant.
Posted on 7/7/20 at 7:44 am to funnystuff
What are you using as the medium wealth for 170,000 wealth for white people
This post was edited on 7/7/20 at 7:46 am
Posted on 7/7/20 at 7:54 am to shaqtaw
Not medium. Median.
Median means the middle. As in, half of all white households have less than 170,000 of total wealth and half of all white households have more than 170,000 of total wealth. For black households, that midpoint is at only 17,000.
And those numbers originally come from the Federal Reserve Board’s 2016 Survey of Consumer Finances.
Median means the middle. As in, half of all white households have less than 170,000 of total wealth and half of all white households have more than 170,000 of total wealth. For black households, that midpoint is at only 17,000.
And those numbers originally come from the Federal Reserve Board’s 2016 Survey of Consumer Finances.
Posted on 7/7/20 at 7:59 am to funnystuff
quote:
That’s pretty clear evidence that something big is going on in the realm of wealth accumulation
Sure. It’s just not clear that’s based on racial bias.
1) Urban blight doesn’t allow people living in the city to accumulate wealth through property nearly as quickly as people not living in the city.
2) Black males do not participate in the labor force at rates similar to other races. 80% of Hispanic males participate in the labor force. Asian males at 75%. White males at 72%. Black males at 68%. October ‘19 BLS numbers
3). Educational attainment
4) Family dynamics
Families maintained by women (no opposite-sex spouse present) accounted for 42 percent of Black families, 25 percent of Hispanic families, 15 percent of White families, and 12 percent of Asian families. Among families maintained by women without a spouse present, Asian families were the most likely to have an employed family member (85 percent). In comparison, 76 percent of Black families, 78 percent of White families, and 80 percent of Hispanic families that were maintained by women had at least one employed family member. In general, families maintained by women were less likely than married-couple families or families maintained by men to have an employed family member.
If you do the quick math here, 10% of black families are run by women who aren’t working. That’s versus 3% of white families in the same predicament.
There’s much more to discuss here. But those are some of the “top of my head thoughts.”
This post was edited on 7/7/20 at 8:05 am
Posted on 7/7/20 at 8:01 am to xxTIMMYxx
quote:but I feel angry because I'm fat and dyed my hair purple and have no friends so I'd be lonely without my e-peeps to give me Likes for hating the country.
Bringing statistics and facts to the table is racist
This post was edited on 7/7/20 at 8:02 am
Posted on 7/7/20 at 8:02 am to tigerpawl
quote:
The BLM narrative is still a myth
The problem is using BLM as the voice for blacks. We could have talked about positive ways to improve the lives of blacks before and had widespread support. In fact, Trump had already done plenty to raise the standard of lives for blacks.
But once black issues was coupled with BLM, you lost the support of many who would have supported it otherwise.
Posted on 7/7/20 at 8:04 am to funnystuff
It’s hard to accumulate wealth on $30k/household/year.
Posted on 7/7/20 at 8:04 am to tigerpawl
Statistics are most certainly racist.
Posted on 7/7/20 at 8:21 am to the808bass
quote:
White males at 72%
If they’re of working age and not working I’m fine with turning off the spigot
Posted on 7/7/20 at 8:23 am to tigerpawl
THIS says it all. Thanks.
Truth. Facts. All rolled into one.
Truth. Facts. All rolled into one.
Posted on 7/7/20 at 8:28 am to the808bass
quote:Oh I’m with you there; I didn’t mean to imply that it necessarily was. My point there was meant to be that there is clearly some sort of systemic problem that needs addressing, not that the systemic problem was necessarily one of racial bias.
It’s just not clear that’s based on racial bias.
I think you’ve got several good candidates for the root causes of the wealth divide here, so addressing that divide could mean doing things like mentorship programs in black regions that are meant to specifically highlight the value of two-parent households and always being there for your kids. The one-parent household problem is clearly wreaking havoc on black wealth accumulation, so finding ways to get the social capital associated with a strong family culture into these neighborhoods could stimulate significant improvement.
The flip side to that is that a measurable portion of net wealth can be linked to inter-generational wealth, meaning that legitimately bad policies of the past, like redlining, could theoretically have a spillover effect into the present even after the bad policies themselves have been abolished. So I’m not ruling out the possibility that racial bias in the 50s could cause residual problems today.
Now knowing which of those problems is responsible for the larger portion of the wealth divide is tough to intuit, but odds are, they likely both contribute to the divide in part. And the larger point is, figuring out the portion of the divide that can be attribute to each is something that most good economists have absolutely 0 interest in currently doing because just wading into those waters puts your career in immediate peril. If I studied this and found that the one-parent household dynamic could explain 67% of the total wealth divide, I can almost guarantee that I would be fired by the end of the year simply because my university wouldn’t want to put up with the inevitable twitter backlash that would result from uncovering that particular truth. Unfortunately, uncovering certain types of truths just isn’t worth the risk of being called before the mob. So at least until I get tenure in another 3 years, I’m not touching any of these questions with a 10 foot pole.
Posted on 7/7/20 at 8:34 am to tigerpawl
The narrative that police murder blacks is laughable and easily disproven with data. The narrative of white supremecy is a fricking joke too. These people don't exist in real numbers and havent for decades. They are far outnumbered by more dangerous leftist elements.
The question of systemic racism is interesting though. I believe anti black bias is real. However, I also see sanctioned racism everyday that benefits minorities like affirmative action, admissions quotas, hate crime laws, etc... undeniably present in the more recent culture wars is the birth of black privilege. Essentially, the birth right to be a racist pos without any social repercussions.
The question of systemic racism is interesting though. I believe anti black bias is real. However, I also see sanctioned racism everyday that benefits minorities like affirmative action, admissions quotas, hate crime laws, etc... undeniably present in the more recent culture wars is the birth of black privilege. Essentially, the birth right to be a racist pos without any social repercussions.
Posted on 7/7/20 at 8:41 am to Vacherie Saint
You gotta ask, black men who work for a living just how embarrassing is this entire clown show?
Posted on 7/7/20 at 8:44 am to funnystuff
Want to know why wealth accumulation is a problem?
One, you have large groups of people who live off public assistance then blow all their money on the first of the month on frivolous shite that isn’t an asset.
Two, many who AREN’T on assistance have little skill with money and over-leverage themselves in an attempt to buy assets way out of their price range.
Remember, net worth’s bottom isn’t zero, it’s actually negative if you have debts in excess of your assets.
One, you have large groups of people who live off public assistance then blow all their money on the first of the month on frivolous shite that isn’t an asset.
Two, many who AREN’T on assistance have little skill with money and over-leverage themselves in an attempt to buy assets way out of their price range.
Remember, net worth’s bottom isn’t zero, it’s actually negative if you have debts in excess of your assets.
Posted on 7/7/20 at 8:52 am to funnystuff
quote:
The flip side to that is that a measurable portion of net wealth can be linked to inter-generational wealth, meaning that legitimately bad policies of the past, like redlining, could theoretically have a spillover effect into the present even after the bad policies themselves have been abolished. So I’m not ruling out the possibility that racial bias in the 50s could cause residual problems today.
Inter-generational wealth’s effect is overstated in most people’s minds. Around 20% of people receive any inheritance.
The median inheritance is ~$70k.
Posted on 7/7/20 at 9:07 am to the808bass
I’d argue that inter-generational wealth can mean a lot more than physical inheritance. For example, everything else the same, rich families tend to get better educations for their kids, leading their kids to develop more valuable skills in aggregate, resulting in those kids have higher paying jobs than their peers. Whether it’s through education, motivation, culture, or something else, there’s certainly some component of wealth accumulation that gets passed through generations within families. And through that process, failures of the past have a path to reverberate impacts into the present.
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