Posted on 08/09/2016 8:48:53 AM PDT by EinNYC
If you took all the money in the economy and gave it to the lower classes, it would be back in the same hands within a year. Even completely discounting the work ethic, the majority of people have no idea how to handle money.
Lyndon Johnson did a superb job, didn’t he?
The Great Society destroyed the black family structure, produced 75% bastard children, and made black people largely dependent on the fed gov.
So what have they got to lose?
It is not the same as wealth, but I know absolutely, positively that in less than one generation an ambitious black youngster from a poor family can have a salary, on average, equal to a slacker youngster from a rich family.
This is from a study attempting to show that it is more difficult for ambitious blacks to rise from poverty than it is for a rich slacker to fall from wealth.
The net result of the study was to show that a few percent of poor blacks, in spite of going to college, remained poor. And a few percent of rich slacker young people remained wealthy. But a huge percentage of ambitious blacks rose to incomes greater that the huge percentage of white slackers. In less than one generation.
Sorry, I didn’t bookmark the study and can’t find it. But it really did happen.
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