I don't doubt that there is a black tax because it wouldn't make actuarial sense not to have one. If you invest in a dindu infested shithole the chances of your investment going up in flames during a Burn Loot Murder riot are exponentially higher than if you invested that money in a civilized white majority area. If you borrow that money then the lender will be rightfully concerned that the investment will be torched and they won't be paid back. So they charge a higher interest rate to account for the added risk. Those shitholes should consider themselves lucky that they have willing lenders at all.
A Baltimore resident made that point. Also in Sowell’s book Basic Economics he said that exact thing how there is a lot of talk of food deserts but there are added costs to operating in a high crime area
Btw not that I care about fake internet points, but I'm salty today. Downvoters can suck the big one. I name the guys actually charging the "tax" who doubtlessly are also the ones complaining about it. Jews invented the banking industry as we know it, and absent my invoking of the Chosen, most people would happily admit banks are thieves. So, forget I said anything, and I said "banksters."
Investors don't give a shit about blackness. They give a shit about not losing their money. School districts with shitty management are a higher risk. If you've got $400M in deferred maintenance, you are shitty management. Maybe you should have maintained your property properly over the years instead of hiring your Aintee LaRhonda's baby daddy to do it cuz he gud at fixin stuff and sheeit.
I did contract work for some of these type schools years ago. One of them I know for a fact is totally defunct. I bet their bonds didn't get paid back.
Yawn. I was tired of this “blame racism for every little thing and never examine the actual issues” mentality as a teenager. I’m now 42. Maybe reading some Thomas Sowell in these public schools would help. I’m so over this. I spent recklessly with credit cards in my younger years and am paying off debt and I hope to have it paid off in the next 5 years. Guess who is at fault… me/myself/I
I've got a married cousin who racked up a bunch of credit card debt (though it was only about 16k which certainly isn't insurmountable) when she and her husband were younger.
They stayed at my house a few years back while they were visiting the area and we were talking about it a bit. They firmly blamed the husband's parents for all of their debt because they'd had the audacity to co-sign with him for a credit card when he went to college. I had trouble believing that they were serious, but it was 100% sincere.
Also, they spend a couple hundred bucks per week going out to bars.
I'm like, "you could have this paid off in a couple of years, easily, if you just chose to." And they agreed. Fast forward to today: they're still in debt.
I racked up 5K before I graduated college, and it was paid off within a year of working full time. I lived in a shithole converted motel room. People make lots of excuses.
Yea I’ve hit some speed bumps and the first bonus at my job I blew it on fun stuff. I then bought Dave Ramsey’s book so now I’m using his plan to get out of debt.
Have any of these researchers done the most basic bit of analysis and look at default rates (you know, that thing that drives bond ratings)? Not mentioned in the whole article.
Blacks are net negative tax payers to the tune of almost 8k, per year, per person. I’m not interested in any discussion of inequity that doesn’t specifically mention the aforementioned tax/benefits gap.
It’s ass backwards - they’re not poor and have low bond ratings because they’re black. They’re poor because they follow socialist policies and don’t produce anything of substance.
They’ve baked it into the culture now with anyone who likes to work and be competitive as being “white”
Sowell blew this argument out of the water years ago when they were claiming inner city stores had higher prices because “ black tax”. Sowell being an actual economist, looked over the data and found a “hillbilly” tax that existed in rural stores that also had significant crime and theft rates. Go figure.
How much additional revenue would we have had over generations if we hadn't lost lives and mental states to their violence and rape over and over? That alone is probably worth more than they have contributed to the system each year alone.
I don't doubt that there is a black tax because it wouldn't make actuarial sense not to have one. If you invest in a dindu infested shithole the chances of your investment going up in flames during a Burn Loot Murder riot are exponentially higher than if you invested that money in a civilized white majority area. If you borrow that money then the lender will be rightfully concerned that the investment will be torched and they won't be paid back. So they charge a higher interest rate to account for the added risk. Those shitholes should consider themselves lucky that they have willing lenders at all.
A Baltimore resident made that point. Also in Sowell’s book Basic Economics he said that exact thing how there is a lot of talk of food deserts but there are added costs to operating in a high crime area
Especially since food of any kind, both restaurants and grocery stores, have razor thin margins.
I learned that when I worked at Kroger part time
Correct. Higher risks come with higher rates in order to minimize the money you lose (because you'll lose some at some point).
And yet they're not calling it the Jew Tax
Well, not that kind of theft.
Btw not that I care about fake internet points, but I'm salty today. Downvoters can suck the big one. I name the guys actually charging the "tax" who doubtlessly are also the ones complaining about it. Jews invented the banking industry as we know it, and absent my invoking of the Chosen, most people would happily admit banks are thieves. So, forget I said anything, and I said "banksters."
lol
I think setting up the situations where other people do that instead still counts, even if you don't get your own hands dirty.
Holy fuckballs, someone never heard of the bolsheviks.
Investors don't give a shit about blackness. They give a shit about not losing their money. School districts with shitty management are a higher risk. If you've got $400M in deferred maintenance, you are shitty management. Maybe you should have maintained your property properly over the years instead of hiring your Aintee LaRhonda's baby daddy to do it cuz he gud at fixin stuff and sheeit.
I did contract work for some of these type schools years ago. One of them I know for a fact is totally defunct. I bet their bonds didn't get paid back.
And why would I invest money in a business when the chance of it getting destroyed in a riot is high because the city doesn’t have the guts to stop it
Yawn. I was tired of this “blame racism for every little thing and never examine the actual issues” mentality as a teenager. I’m now 42. Maybe reading some Thomas Sowell in these public schools would help. I’m so over this. I spent recklessly with credit cards in my younger years and am paying off debt and I hope to have it paid off in the next 5 years. Guess who is at fault… me/myself/I
I've got a married cousin who racked up a bunch of credit card debt (though it was only about 16k which certainly isn't insurmountable) when she and her husband were younger.
They stayed at my house a few years back while they were visiting the area and we were talking about it a bit. They firmly blamed the husband's parents for all of their debt because they'd had the audacity to co-sign with him for a credit card when he went to college. I had trouble believing that they were serious, but it was 100% sincere.
Also, they spend a couple hundred bucks per week going out to bars.
I'm like, "you could have this paid off in a couple of years, easily, if you just chose to." And they agreed. Fast forward to today: they're still in debt.
I racked up 5K before I graduated college, and it was paid off within a year of working full time. I lived in a shithole converted motel room. People make lots of excuses.
Yea I’ve hit some speed bumps and the first bonus at my job I blew it on fun stuff. I then bought Dave Ramsey’s book so now I’m using his plan to get out of debt.
Have any of these researchers done the most basic bit of analysis and look at default rates (you know, that thing that drives bond ratings)? Not mentioned in the whole article.
Yeah get the black guy to explain it to them. That will certainly cause them to come to their senses.
Blacks are net negative tax payers to the tune of almost 8k, per year, per person. I’m not interested in any discussion of inequity that doesn’t specifically mention the aforementioned tax/benefits gap.
It’s ass backwards - they’re not poor and have low bond ratings because they’re black. They’re poor because they follow socialist policies and don’t produce anything of substance.
They’ve baked it into the culture now with anyone who likes to work and be competitive as being “white”
"Help our school is trashed."
"Who trashed it?"
"Fuck you whitey! RACIST!!"
Crime always causes poverty.
Poverty may cause crime.
Sowell blew this argument out of the water years ago when they were claiming inner city stores had higher prices because “ black tax”. Sowell being an actual economist, looked over the data and found a “hillbilly” tax that existed in rural stores that also had significant crime and theft rates. Go figure.
But of course Sowell is a bad person for using facts and data
He also didn't vote for biden, so he ain't black
Ha! Very true
Presumably the US incarceration rate would look more like the whitest countries in Europe with no blacks. I mean, modulo Hispanics.
How much additional revenue would we have had over generations if we hadn't lost lives and mental states to their violence and rape over and over? That alone is probably worth more than they have contributed to the system each year alone.
They'd be next to nonexistent. Black criminality is nearly fifty times any other demographic, even Hispanics.
But these articles never want to look at the root issues
Because that would mean they'd have to admit the left is evil, and they can't do that.