pknopp
Diamond Member
- Jul 22, 2019
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Point out any inaccuracies if you can.Urban Institute? That explains it. It's propaganda.
Nine Charts about Wealth Inequality in America (Updated)
"The federal government spends over $400 billion to support asset development, but those subsidies primarily benefited higher-income families—exacerbating wealth inequality and racial wealth disparities."
First, I agree that Federal programs do not benefit people. Then why is it when we try and cut those programs that don't help, do left-wingers scream and rage against it?
Second, there is nothing inaccurate about the charts on those pages. I agree with them all.
What we disagree with, is where the blame is.
The blame is on the people who don't get an education or learn a skill, and go make money.
The blame is on the people who refuse to work hard, and earn a living.
The blame in on the people who spend everything they have, and refuse to save for retirement.
It's not racism. If you show up at my bank, with black skin, and deposit $10,000 into a retirement account... the bank isn't going to..... What? What do you think the bank is going to do? You think they are going to say "Oh sorry, we don't take money from people like you"? Really? Show me that.
If you are black, and you open an investment IRA account, the bank is going to be MORE THAN HAPPY to take your cash and earn profit for both of you.
More than happy. Guarantee it.
The reason blacks don't have wealth, is because they don't put the money in the account.
The reason blacks don't earn as much, is because they don't get jobs that pay more.
Go get a job that pays more. Learn to be an electrician, and make $25/hour. Learn to install windows for Andersons. $20/hour to start.
Anyone can succeed in this country. ANYONE. A drunk guy, whittling duck callers, ends up running a multimillion dollar company, Duck Commander. An immigrant from Mexico, without a work permit, started a Drone building company, and is now a multi-millionaire.
Anyone can be successful. Its up to you to do it.
All those factoids on that link you posted, all accurate. But the problem is, you want to pretend it has something to do with racism, or capitalism, or some other -ism you want to blame. All of your conclusions are false. The facts are true. The conclusion is false.
People make choices. Those choices are why some are rich, and some are poor.
People rightfully so do not trust banks to invest their money.