Posted on 07/26/2011 1:20:16 PM PDT by LonelyCon
As Congress and the White House wrestle whether to raise taxes for the wealthiest Americans, a new analysis of Census data shows that the wealth gaps between whites and blacks and Hispanics widened dramatically during the recession.
[Snip]
The declines from the recession left the median black household with $5,677 in wealth (assets minus debts, where assets include items like a car, a home, savings, retirement funds, etc.) and the typical Hispanic household with $6,325. White households, by comparison, had $113,149, the study found.
(Excerpt) Read more at msnbc.msn.com ...
This is intentional. The more poor people there are who depend on government, the more votes the Ruling Class gets. This was one of the driving ideas behind FDR's Screw Deal.
At least half of the high school graduates have such poor reading comprehension that they couldn’t possibly get an education no matter what college they graduated from. Then if you throw in reasoning ability there’s no hope. Yes, everyone needs to be encouraged to do their best but that can’t happen with our current system.
It makes perfect sense. If you are raised to accept handouts instead of working hard you will fall behind those that make more
of an effort. What the democrat party has done to blacks should be a criminal offense. Welfare will destroy ambition.
Look out for more confiscation and redistribution. Whitey can’t have his money.
“Obama policies destroy black middle class.” (corrected headline)
gee isn't it funny that staying married, raising children within marriage, and living within your means, and living a moral, upstanding life can do wonders for a person's personal wealth....
Who’s more prejudice?.....black people or white people......I’ll let Chris Rock explain it to MSNBC....
Very graphic language warning.
http://www.youtube.com/watch?v=f3PJF0YE-x4
So? How are you going to educate the louts? The best thing is the strong family leaning on and supporting the individual. It has worked through the ages....
The best thing is the strong family leaning on and supporting the individual.
That’s the only way I see. The trouble is how do you get there from here? It seems that every government action from no fault divorce to values clarification in the schools to the pro sodomy laws are designed to destroy the family.
Yeah, it’s all Whitey’s fault. They are much more prosperous in Africa. /sarc
Strip out all of the single parent households from the statistics and it would show everyone that being a single parent leaves you poor. If they were to show the wealth of married couples who have been married more than 10 years you would seem some amazing things that they are trying really hard to hide.
I was thinking of the kids of the Vietnam Boat People...they're beating everyone, everywhere. (Different language, different culture.)
They just worked hard like me and my parents did.
In many East Coast cities Haitians dominate the taxi business. American blacks have been unwilling to drive taxis for decades though they used too. So compared to American blacks they have a better work ethic but they (as families) are pulling all kinds of low key welfare scams to supplement income. No enough money in the taxi biz. Sorry to disappoint but they are Democrat voters
Was talking to a friend in Boston a few days ago and he said he saw few Arabs still driving cabs. They moved into the convenience store biz....oodles of opportunities to fiddle and cheat on taxes and food stamps and more. So the Haitians now dominate the taxi business there which is also mostly off the books biz so what income are they declaring? You may have noticed that legal immigrants love cash businesses. So much for their much vaunted “entrepreneurial spirit” ——— You are paying their taxes for them.
All those nice Korean green grocers you used to see? The Korean liquor stores in LA? Cash businesses where they severely under report income. You are paying their taxes.
All those Indian motels? A mostly cash business. Plenty of latitude to cheat on taxes and employ family off the books
Muslim owned gasoline stations? Other Immigrant owned gasoline stations? All are severely under reporting income. If they ever get arrested for tax evasion they can flee back to Lebanon where they have been banking cash for years anyway
Our LEGAL fifth or sixth generation Hispanic neighbors are one of the hardest working couples in our immediate area. They retired in CA and moved to Texas. After a few months, she went back to work at a local bank and he went back to an IT job. She was just offered a promotion at another bank, the drive is longer, but she took it anyway.
Hope you and baby are OK.
They will never prosper because they are told, and they fully believe, that they are victims.
This is what LBJ had in mind. Keeping a race on the demon crap plantation for centuries to ensure their votes.
LOL! A white small business owner told me 20 years ago that a small business was "a license to steal". Perhaps changing the tax laws would be better than demonizing those that take advantage of them.....
Every time I drive past our various local HUD housing projects, I see trash littering the ground instead of supplemental vegetable gardening.>>>>>>>>>>
I have seen projects with nice gardening efforts. Two were black and the other was mostly Vietnamese...22 years ago when we had many Vietnam refugees
Only because there are more white people in the country than minorities. That’s why they are called minorities!
As to being “poor”, I’ll take being poor in the USA over being middle class practically anywhere in the world.
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