White people have 13 dollars for every dollar held by black Americans

  • Thread starter Thread starter MugenOne
  • Start date Start date
Status
Not open for further replies.
I might get flamed for this but I work with a lot of black people. Most of them view money as something that you just spend. If you have some left over, you spend it. So many of the females at work are single and yet have children, many form different fathers. One girl who I worked with (she has since quit) is 22 years old, unmarried, has 2 children and was living with her boyfriend and his children. She had to miss work one day because she had someone coming to asses her situation so that she could get on section 8 (she did; she get’s a $800 voucher every month now to pay her rent). A couple of weeks later she was all excited because she found out that she could put a yorkie dog on layaway at the pet store. Only $360 down and another $360 in two weeks. So, she is going to spend $720 on a dog while the government is paying her rent.

Another one I work with has $12,000 in credit card debt and just bought a huge quad-cab truck (she wrecked the Hummer H3 that she had). An older black man who works with us was trying to tell her that its good to save so that when you need money, you have it. Her response was “that’s what credit cards are for.”

There is another one who only works part time and no more than a certain amount of hours because if she does, it will impact her welfare payments. She does not have a car, rides the bus and lives in the ghetto but as long as she has her beer, cigarettes and a movie to watch, she is content.

I could go on but I think you get the picture. It is most true that before Johnson’s Great Society, married black people were on track to do as well as married white people. Now, it is more financially beneficial to live loose and free so that the government can subsidize you for life. Mitt Romney was absolutely right; the 47% of people who are being subsidized by the government will never vote republican because they don’t want to see their free ride come to an end. The democratic party has been a disaster for black Americans.
 
unfortunately, i think that is true of a lot of our younger neighbors these days, of all racial persuasions.
 
bisco1 said:
unfortunately, i think that is true of a lot of our younger neighbors these days, of all racial persuasions.
Click to expand...
True; the younger generations of my family, my nieces and nephews of all races (we are Native, Inuit, and Scottish-Canadian) are all in a bad way, both financially and morally. I’m glad my grandmother didn’t live to see her great-grandchildren shacking up in serial relationships, and having each child with a different father/ different mother.
 
a lot of kids go off to college these days and come home completely changed. morally and financially. easy sex and easy credit are destroying our nation.
 
What a misleading article title. I wonder what the ratio of Polish to non-Polish ethnicity.
 
Timothysis said:
I might get flamed for this but I work with a lot of black people. Most of them view money as something that you just spend. If you have some left over, you spend it. So many of the females at work are single and yet have children, many form different fathers. One girl who I worked with (she has since quit) is 22 years old, unmarried, has 2 children and was living with her boyfriend and his children. She had to miss work one day because she had someone coming to asses her situation so that she could get on section 8 (she did; she get’s a $800 voucher every month now to pay her rent). A couple of weeks later she was all excited because she found out that she could put a yorkie dog on layaway at the pet store. Only $360 down and another $360 in two weeks. So, she is going to spend $720 on a dog while the government is paying her rent.

Another one I work with has $12,000 in credit card debt and just bought a huge quad-cab truck (she wrecked the Hummer H3 that she had). An older black man who works with us was trying to tell her that its good to save so that when you need money, you have it. Her response was “that’s what credit cards are for.”

There is another one who only works part time and no more than a certain amount of hours because if she does, it will impact her welfare payments. She does not have a car, rides the bus and lives in the ghetto but as long as she has her beer, cigarettes and a movie to watch, she is content.

I could go on but I think you get the picture. It is most true that before Johnson’s Great Society, married black people were on track to do as well as married white people. Now, it is more financially beneficial to live loose and free so that the government can subsidize you for life. Mitt Romney was absolutely right; the 47% of people who are being subsidized by the government will never vote republican because they don’t want to see their free ride come to an end. The democratic party has been a disaster for black Americans.
Click to expand...
Yep! I totally agree with your last paragraph. Government handouts encourage people not to get married and to lie if they have a live in boyfriend so not only do they get government handouts but also the boyfriend’s salary. There is so much fraud.
 
Marriage rates are dropping and single motherhood rates are rising across all demographic groups in the US. We’re on track for Communism, just what the progressives want. In order to achieve communism, people need to become dependent victims of liberal behaviors so they’ll have no other choice but to run to the polls to vote for more. It’s understandable how people fall for this. What I don’t understand is how many religious people who want to Help are also running to the polls to vote for more despite decades of being on the wrong side of history.
 
ManOnFire said:
Marriage rates are dropping and single motherhood rates are rising across all demographic groups in the US. We’re on track for Communism, just what the progressives want. In order to achieve communism, people need to become dependent victims of liberal behaviors so they’ll have no other choice but to run to the polls to vote for more. It’s understandable how people fall for this. What I don’t understand is how many religious people who want to Help are also running to the polls to vote for more despite decades of being on the wrong side of history.
Click to expand...
Nailed it!👍
 
Here’s one article that tries to explain the wealth gap pewresearch.org/fact-tank/2013/08/30/black-incomes-are-up-but-wealth-isnt/

They point out the value of one’s home is the single largest asset for both blacks and whites, but that homes in non-white neighborhoods are usually worth less than in white neighborhoods so black homeowner’s have much less wealth from home ownership.

Equity in businesses was the second biggest asset for whites, but for blacks it was “other residential property.” The value of the first asset type has increased at a much faster rate than the value of the second.

Retirement savings is the third largest asset for both blacks and whites. The authors of the article speculate that blacks may be more likely to work in industries that don’t have employer provided retirement savings plans.
 
not many people in general have employee sponsored retirement plans. unless you consider a 401k or something like that. but they aren’t like the old ones.
 
Timothysis said:
I might get flamed for this but I work with a lot of black people. Most of them view money as something that you just spend. If you have some left over, you spend it. So many of the females at work are single and yet have children, many form different fathers. One girl who I worked with (she has since quit) is 22 years old, unmarried, has 2 children and was living with her boyfriend and his children. She had to miss work one day because she had someone coming to asses her situation so that she could get on section 8 (she did; she get’s a $800 voucher every month now to pay her rent). A couple of weeks later she was all excited because she found out that she could put a yorkie dog on layaway at the pet store. Only $360 down and another $360 in two weeks. So, she is going to spend $720 on a dog while the government is paying her rent.

Another one I work with has $12,000 in credit card debt and just bought a huge quad-cab truck (she wrecked the Hummer H3 that she had). An older black man who works with us was trying to tell her that its good to save so that when you need money, you have it. Her response was “that’s what credit cards are for.”

There is another one who only works part time and no more than a certain amount of hours because if she does, it will impact her welfare payments. She does not have a car, rides the bus and lives in the ghetto but as long as she has her beer, cigarettes and a movie to watch, she is content.

I could go on but I think you get the picture. It is most true that before Johnson’s Great Society, married black people were on track to do as well as married white people. Now, it is more financially beneficial to live loose and free so that the government can subsidize you for life. Mitt Romney was absolutely right; the 47% of people who are being subsidized by the government will never vote republican because they don’t want to see their free ride come to an end. The democratic party has been a disaster for black Americans.
Click to expand...
Tell me more about most black people based on the people you work with…
 
bisco1 said:
not many people in general have employee sponsored retirement plans. unless you consider a 401k or something like that. but they aren’t like the old ones.
Click to expand...
It’s the “old ones” that are bankrupting this nation.
 
bisco1 said:
not many people in general have employee sponsored retirement plans. unless you consider a 401k or something like that. but they aren’t like the old ones.
Click to expand...
I do believe they are talking about 401(k) and similar plans, particularly those that have a contribution or matching from the employer.
 
they are okay, but subject to employers whims. and you can lose everything in a bad market. the old pension plans were guaranteed, but are going the way of the horse and buggy.
 
whatsmyname said:
Equity in businesses was the second biggest asset for whites, but for blacks it was “other residential property.” The value of the first asset type has increased at a much faster rate than the value of the second.
Click to expand...
What a shame, then, that the rioters in Ferguson took such glee in looting and burning black-owned businesses.
 
bisco1 said:
they are okay, but subject to employers whims. and you can lose everything in a bad market. the old pension plans were guaranteed, but are going the way of the horse and buggy.
Click to expand...
But the old pension plans really weren’t guaranteed. Look what happened to the “guaranteed” pension plans of those who worked for Hostess when Hostess went bankrupt. Those “guaranteed” (defined benefit) plans were only as good as the corporation that promised them. One might think 401K plans safer because the funds are invested over a wide array of stocks and bonds and don’t depend on the economic health of one company.
 
Status
Not open for further replies.
Back
Top