As far as the government being the solution, well you have an individual in this thread that has said just that. Yet he hasn't been the only one to say such a thing.What makes you think it's about the government "handing out" solutions?
"We our own worst enemy!" [insert Tariq gif]
What "individual" initiatives would make a drastic change in the stat below (assuming you even look at this kind of information)?
In 2019, the median wealth level for a white family with children in the US was $63,838. The same statistic for a Black family with children was $808.
and you don't seem to understand that collectives are made up of individuals.But these "individuals" don't seem to understand that they're still part of the collective, and are affected by the same issues that affect the collective. As I said earlier, they only compare themselves to baby mamas and niggas in the hood! Ask them to compare themselves to the white people they think they're on the same economic level as. They don't do this because it would be an epiphany for them that they don't want to acknowledge.
Remember when Chris Rock talked about how he thought he'd "made it"? Then he realized he was living next door to a white dentist?
You said "Most wealthy people, PARTICULARLY millionaires." Bruh, if person ain't even got a million dollars OUTSIDE their primary residence, they ain't near wealthy.
And fam, this is 2021, not 1921. The Ivy League barrier isn't a thing any fucking more when the world is in the palm of everyone's hands. You seem to be on some boomer shit. I'm just some fool from Ohio with a felonious background and I'm on zoom meetings every fucking week with millionaires from across the fucking globe.
Guess how many of those millionaires ask me where I went to school? None. Zero. Zilch. Not fucking one. They don't give not one flying fuck.
Paying 50k a year to meet people is some grandpa shit in 2021. Going to have people chasing debt to connect. Jesus.
You see what that cat Tito is on? Debt. Willing to spend 50k a year for antiquated network channels for some employee perks.Bankers/elite used to own all the connects. What he is saying to do applied for people in their 40s and older, but doesn't apply for young people coming up now. In the 90s, I would have never been able to connect with the people my kids can now. Just wasn't possible unless you got lucky or went to the right schools.
And that's the problem with the black community. Always one fucking step behind the game. It's bad enough white people haven't caught on to the bankers hustle(and we all suffer for it). But to have black folks who haven't and who still believe(and push) antiquated systems is fucked all the way up.
I'm all for education. But folks no longer have to go into debt for it and the networking benefits schools once owned no longer apply in today's world. Meanwhile, the bankers game only going to make quality of life worse for those who don't play the game just like them.
I got those stuffed shirt cats in my family man. They mean well, but they really stuck in their ways.
Which is one of the big reason why the wealth cap between white folk and black folk is so large. Failure to make and receive benefits from investments.Ok stay with me Im going to reel it in,
Lets just take a trip across the pond to Africa, bruh thats whats pissess me off,
as Africa slowly gets its independence, it has a chance to start over fresh, focus
on developing solar systems and other natural technology, but they are allowing
other countries to keep them hooked on fossil fuels, developing the same ol played
out dinosaur structures that depend on gas and electricity, they are just becoming
followers of a dying system instead of innovators of a new one, of course this is due
mostly to economic bullying and manipulating from western countries like england, france, germany, u.s...
but its also due to too much national "tribal" division that europeans love to play on..
now with us..like you said especially our generation as a collective are stuck in the 70's 80's and 90's....
sure some maybe into social media, but not as a tool to make money, but as a consumer to give away
all their free data..
but the good news is many of us are slowly catching on, and are finally realizing that, the only way to
move up and STAY up, is to find the next new thing, we are slowly getting into stocks, realizing that instead of
spending that bag on a stupid bag, or qtr million dollar car..
take that 100 g, put it in the stock market after doing your research, and have it work for you ten times over...
I see my people slowly creeping into the crypto, even tho many are skeptical because they dont understand,
its a patience game...
they expecting that shit to pay off instantly like hitting the numbers..
which actually does, but that takes a few months of research and understanding
patterns.. and once you do that..the possible of that
money coming in like hitting the numbers improves immensely..
but chea my people have to realize in a capitalist society you better
be on the lookout for the next biggest thing...
in 2000 it was the internet...
2021 its the changing stock and crypto markets.....
the funny shit is.. crypto is actually saving the stock market...
ask goldman sachs how much they made since they entered the game..
just tell em you want to see the real books, not the show and
tell books...lol
but chea we slowly getting into the game, I see a few bruhs in the hood,
holding investment classes...
and they have to hold classes because so many folks stuck in the earlier decades
they dont even realize everything you need to know is on
the web..
there is no need whatsoever to pay for a college course..
fucking mit, harvard etc all have FREE courses on youtube...
colleges and universities dont want to admit it, but
they are really useless as long as there is an internet...
all the REAL experts in their field ONLINE...
my homie is in a private chat group, and they got
all the lowkey crypto billionaires telling them when
and what to buy and sell...
he said right now, they expecting the market to explode,
so the whales as usual trying to scare away all the weak hands...
and grab shit up..
Debt=modern slaveryYou said "Most wealthy people, PARTICULARLY millionaires." Bruh, if person ain't even got a million dollars OUTSIDE their primary residence, they ain't near wealthy.
And fam, this is 2021, not 1921. The Ivy League barrier isn't a thing any fucking more when the world is in the palm of everyone's hands. You seem to be on some boomer shit. I'm just some fool from Ohio with a felonious background and I'm on zoom meetings every fucking week with millionaires from across the fucking globe.
Guess how many of those millionaires ask me where I went to school? None. Zero. Zilch. Not fucking one. They don't give not one flying fuck.
Paying 50k a year to meet people is some grandpa shit in 2021. Going to have people chasing debt to connect. Jesus.
You see what that cat Tito is on? Debt. Willing to spend 50k a year for antiquated network channels for some employee perks.
And that's the problem with the black community. Always one fucking step behind the game. It's bad enough white people haven't caught on to the bankers hustle(and we all suffer for it). But to have black folks who haven't and who still believe(and push) antiquated systems is fucked all the way up.
I'm all for education. But folks no longer have to go into debt for it and the networking benefits schools once owned no longer apply in today's world. Meanwhile, the bankers game only going to make quality of life worse for those who don't play the game just like them.
I got those stuffed shirt cats in my family man. They mean well, but they really stuck in their ways.
www.learningforjustice.org
Shiid. We got millionaires here while charter Jets to Maldives, and members who have their personal $50m Gulf Streams
Shiid. We got millionaires here while charter Jets to Maldives, and members who have their personal $50m Gulf Streams
Bruh I know all of that. We are not talking about the past, but present, and the future.This simply isn't true. Just look at the white population. There are still massive numbers of white people in poverty, but the white "middle-class" as we know it today was created by GOVERNMENT POLICY. Why is this so difficult to understand for you? The lesson plan below was developed for teenagers in high school.
___________________________________________________________________________________________________________________________________
The Color of Law: Developing the White Middle Class
This lesson is the third and final lesson of the series The Color of Law: The Role of Government in Shaping Racial Inequity. In this lesson, students examine policies that supported and cultivated the creation of the white middle class and the practices that excluded black and nonwhite people from economic development.
GRADE LEVEL
9-12
Objectives
At the end of the lesson, students will be able to:
Essential Questions
- Explain how government policies affected the housing, employment and education choices available to individuals.
- What was the government’s role in creating the white middle class?
The Color of Law: Developing the White Middle Class
This lesson is the third and final lesson of the series The Color of Law: The Role of Government in Shaping Racial Inequity. In this lesson, students examine policies that supported and cultivated the creation of the white middle class and the practices that excluded black and nonwhite people...
I know about all of that. We have to think in the present, and for the future.
Yeah, people have to adapt. We are in a mix right now. Old guard vs Info age. Tito is right that putting your kids in an Ivy league school is the old, easy way(though costly) to ensure being around the right people. The gatekeeping took care of itself and kept the riff raff out.Heeeeeey! Y'all are going too far with the shitting on the Ivy League!!! I'm an alumnus!
But y'all are right. In part, it's just a status symbol, but for many people who are already in a certain elite, it is a way of maintaining social ties and even marriages (MRS degree, etc). And for those who aspire to be in the elite, attending and Ivy or equivalent institution is a traditional way of entering it. Obama transferred to Columbia University for a reason. And we all know about the scandal with Lori Loughlin and others bribing to get their kids into USC and other elite schools. And on the graduate and professional levels, many traditional fields will automatically judge you, and accept or reject you, simply based on what school you went to.
However, gene is right, in that in this Information Age, what you actually know how to do takes precedence. But even Silicon Valley has pipelines to certain schools like Stanford and Carnegie-Mellon.
So where is your example of collectives denting the wealth gap?
Supersav.
Correction Soul on Ice.
Sad thing is retail going to be protected right out of the real money. You know the rule in business where you say 'yes' and figure the rest out later? Well, the SEC is saying 'no" and figuring the rest out later.Ok stay with me Im going to reel it in,
Lets just take a trip across the pond to Africa, bruh thats whats pissess me off,
as Africa slowly gets its independence, it has a chance to start over fresh, focus
on developing solar systems and other natural technology, but they are allowing
other countries to keep them hooked on fossil fuels, developing the same ol played
out dinosaur structures that depend on gas and electricity, they are just becoming
followers of a dying system instead of innovators of a new one, of course this is due
mostly to economic bullying and manipulating from western countries like england, france, germany, u.s...
but its also due to too much national "tribal" division that europeans love to play on..
now with us..like you said especially our generation as a collective are stuck in the 70's 80's and 90's....
sure some maybe into social media, but not as a tool to make money, but as a consumer to give away
all their free data..
but the good news is many of us are slowly catching on, and are finally realizing that, the only way to
move up and STAY up, is to find the next new thing, we are slowly getting into stocks, realizing that instead of
spending that bag on a stupid bag, or qtr million dollar car..
take that 100 g, put it in the stock market after doing your research, and have it work for you ten times over...
I see my people slowly creeping into the crypto, even tho many are skeptical because they dont understand,
its a patience game...
they expecting that shit to pay off instantly like hitting the numbers..
which actually does, but that takes a few months of research and understanding
patterns.. and once you do that..the possible of that
money coming in like hitting the numbers improves immensely..
but chea my people have to realize in a capitalist society you better
be on the lookout for the next biggest thing...
in 2000 it was the internet...
2021 its the changing stock and crypto markets.....
the funny shit is.. crypto is actually saving the stock market...
ask goldman sachs how much they made since they entered the game..
just tell em you want to see the real books, not the show and
tell books...lol
but chea we slowly getting into the game, I see a few bruhs in the hood,
holding investment classes...
and they have to hold classes because so many folks stuck in the earlier decades
they dont even realize everything you need to know is on
the web..
there is no need whatsoever to pay for a college course..
fucking mit, harvard etc all have FREE courses on youtube...
colleges and universities dont want to admit it, but
they are really useless as long as there is an internet...
all the REAL experts in their field ONLINE...
my homie is in a private chat group, and they got
all the lowkey crypto billionaires telling them when
and what to buy and sell...
he said right now, they expecting the market to explode,
so the whales as usual trying to scare away all the weak hands...
and grab shit up..
See they just told coinbase 'No' to the yield product? This follows all the state regulators coming down on retail getting real interest rates instead of that .006 percent shit. Or if you come into the bank with the coupon code promo, you get the .06!!! The big bucks.
I have stated plenty of times that the focus should be on policy and not people. That doesn't mean I expect the government to do anything for us as a people at all. Also doesn't mean like you and Tito I'm foolish enough to believe anybody can make it if they just work hard. That would be ignoring the policies I referenced
Forgive me for mixing you up. My bad.
See this is what I am saying. You dismiss the solutions coming from individuals as not being a solution for denting the wealth gap. Yet you're pushing waiting for the government to correct the problem. Then you ask who's arguing being idle while waiting for the government?
Bad enough there won't even be a middle class at this rate. Masses going to be working longer hours for less.
www.brookings.edu
bostonreview.net
