The Political & Philosophy Thread

[rms]

https://www.bloomberg.com/news/arti...-organic&utm_source=twitter&utm_medium=social

The table of contents says it all:

• Attending college does not close the racial wealth gap.
• Raising children in a two-parent household does not close the racial wealth gap.
• Working full time does not close the racial wealth gap.
• Spending less does not close the racial wealth gap.

 

[Dak]

Would have been nice if the original research were available. Link is broken for the Duke link. Based on the demos.org link, it's not super compelling (at least they used the median instead of the mean). They didn't appear to control for anything (may not have been able to based on the data set), "some college" is very different from "completed college", and "full time" employment doesn't mean much.

 

[rms]

https://socialequity.duke.edu/research/wealth

basically follow these links from Sandy Darity, he's an economist and this 'wealth gap' is his thang. I posted the studies a few weeks ago, but it basically sums down to --- White people have too much wealth, we need an inheritance tax so black people can 'catch' up or 'surpass' whitey in wealth

I just thought those bullets were funny. basically suggesting that no matter what you do, as a black man (probably worse as a woman), you aren't gaining wealth. how demotivating

I'm surprised that people are perplexed that a system benefits the wealthy & why catching the wealth of others is more important than elevating your socio-economic status. But, I think this is the moving of the goal posts of 21st century sociologists, both racial and gender based academics.

 

[Dak]

I bet if you changed "some college" to "College degree" and then controlled for median wages within degree fields, those gaps would start disappearing.

 

[rms]

i asked if there was a degree search by race/ethnicity study in the states, similar to women but for blacks, but haven't seen anything yet. in my understanding and experience, blacks seem to get courted towards the humanities like white women

i'm going for Computer Science now and the ethnic demographics of my 300+ person class are hilarious

 

[HamburgerBoy]

Even gaining a degree doesn't mean that much on its own. The bottom quartile of BA/BS holders have the same income as the average high school grad. You have to actually have a good and valuable degree if you want a job. College is one of the biggest shams right now.

 

[Baroque]

i asked if there was a degree search by race/ethnicity study in the states, similar to women but for blacks, but haven't seen anything yet. in my understanding and experience, blacks seem to get courted towards the humanities like white women

i'm going for Computer Science now and the ethnic demographics of my 300+ person class are hilarious

that's a good degree. what are the demographics like? I'm guessing: mostly asian, some white, some indian

 

[Dak]

College enrollment and graduation has been inflated, and therefore devalued (in general terms).

 

[Dak]

http://www.reuters.com/investigates...adigan/?utm_source=Facebook&utm_medium=Social

"Chicago politics"

Illinois is beyond broke. It is the first state in eight decades to go without an annual budget, according to the National Conference of State Legislatures. Its bond ratings, the lowest of any state, are near junk status. It is projected to have a budget deficit this fiscal year of $5.3 billion and owes vendors about $10.8 billion in unpaid bills.

 

[CiG]

Are Indians and Asians separated in statistics? Just curious.

 

[HamburgerBoy]

Afaik, generally not.

 

[J.]

White people have too much wealth, we need an inheritance tax so black people can 'catch' up or 'surpass' whitey in wealth

We do. Its called the death tax. Hopefully trump gets it repealed

 

[Serjeant Grumbles]

It's called the estate tax, not the death tax. You're like the wingnut version of Mort Divine.

 

[CiG]

It's also called an inheritance tax.

 

[J.]

It's called the estate tax, not the death tax. You're like the wingnut version of Mort Divine.

Call it what you will. Same shit.

 

[tagradh]

It's funny that, in the UK anyway, some of the loudest opposition to inheritance tax comes from people that really don't need to worry about it. I guess that's because they largely read papers that are owned and edited by people that do.

 

[CiG]

Yeah why would someone be against something that doesn't actually impact them? Weird.

 

[H.P. Lovecraft]

Because they have concern for others outside of themselves, or have a vested interest in gaining favor or disfavor with those who it does affect?

 

[CiG]

No really? It can't be!

 

[H.P. Lovecraft]

No really? It can't be!

Like, no wwaaaaaaaaayy, maaaaann.