Biden to Urge Federal Reserve to Take on Racial Wealth Gap

RGLD · Aug 2, 2020

With leadership like this, I have no doubt China will become the world's dominate power in the coming decades. This kind of stupid thinking, the chinese does not share. No wonder all the big corporations are hedging their bets in China.

Tsing Tao · Aug 3, 2020

Tsing Tao said:
I've read what you posted, Piezoe. I even answered your post with some questions. Are you going to answer how you came to "the cost of a meal goes up 20%" and why this is "no problem"?

So no further answers, Piezoe? Just gone all silent. I kinda knew your BS about a "fair wage" was pretty much BS. Academic with no real world experience.

Put a real financial in front of you and all of your theories go up in smoke.

RGLD · Aug 3, 2020

Tsing Tao said:
So no further answers, Piezoe? Just gone all silent. I kinda knew your BS about a "fair wage" was pretty much BS. Academic with no real world experience.

Put a real financial in front of you and all of your theories go up in smoke.

Wait what?

FortuneTeller · Aug 3, 2020

ElCubano said:
Being born into inner city violence and all it brings with it is not a choice. Being born with a silver spoon and hand fed everything in life is not a choice.

Inner city violence IS a choice. Drug use is a choice. Having babies by the age of 16 is a choice. People do not need to act that way. Unless you do not believe in free will of course.

Tsing Tao · Aug 4, 2020

RGLD said:
Wait what?

Which part of what I said to Piezoe were you looking for me to clarify?

ElCubano · Aug 4, 2020

FortuneTeller said:
Inner city violence IS a choice. Drug use is a choice. Having babies by the age of 16 is a choice. People do not need to act that way. Unless you do not believe in free will of course.

Being born into inner city violence is not a choice. What part of that doesn’t compute with you or Bugsy?

piezoe · Aug 4, 2020

Tsing Tao said:
I've read what you posted, Piezoe. I even answered your post with some questions. Are you going to answer how you came to "the cost of a meal goes up 20%" and why this is "no problem"?

Sorry to take so long to get back to you. Been super busy. Earlier I just did a quick estimate in my head using only the difference in wages and came up with~20%. At breakfast I got out my 60 year old Hewlett Packard reverse polish calculator, and with the payroll taxes included its a ~26% increase in price that restaurant will need. A 9 buck meal goes to 11.34. No problem at all when everyone plays by the same rules. And definitely the way to go! I have never been in the food business, so I just assume your example is realistic. It looks pretty good to me, but your in a racket where you'd have a better idea whats reasonable for a restaurant operation than I would, I would guess. Assuming the owner is the manager, she could make a fair living if she wasn't in San Francisco! But as an investment at 6% no.

We are nationally on an unsustainable path, got to pay people a living wage and stop redistribution of wealth by all kinds of hidden subsidies. Let's have an honest economy.

Thanks for looking up these example numbers.

Amun Ra · Aug 4, 2020

I just don't want Biden putting low income housing in my neighborhood. Give the blacks all the free money they want...it will eventually find its way into my pocket an yway. Who is anybody kidding that they'll be able to hold on to any of that money.

Specterx · Aug 4, 2020

FortuneTeller said:
Inner city violence IS a choice. Drug use is a choice. Having babies by the age of 16 is a choice. People do not need to act that way. Unless you do not believe in free will of course.

The major reason that blacks have so many problems is the IQ gap - American blacks have a median IQ of 85-87. It's strictly true that they have choices and free will, but an IQ of 85 severely impairs one's ability to plan ahead and make decisions. On top of that, lower IQ is correlated with a higher time preference (immediate gratification).

Of course American society barely acknowledges the existence of the IQ gap, and doesn't even try to systematically grapple with its implications - though it's one of the most important facts in the world.

Bugsy · Aug 4, 2020

ElCubano said:
Being born into inner city violence is not a choice. What part of that doesn’t compute with you or Bugsy?

The part that you allow it to dictate your life choices and actions. The part that you allow it to define you. Are you denying free will exist? You seem to have a problem with reading comprehension as this is the 2nd time you have reinterpreted a post. He stated inner city violence is a choice, not being born into it.