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Anybody care to tackle this head-on? I'm serious - don't get into critiquing how she says "latinos" and deal with the substance of the first 6:24 (just before her take on "predatory lending").
I can't get the video to play, but I'll make a guess here--she's playing the old zero sum game myth. Because someone, somewhere is making more, you, or yours, are making less. That just isn't how wealth works. A guy can start a business--a car wash, a restaurant, a chicken farm--and make millions without ever stealing a buck from you or anyone else. It was created, just like the fortunes of Michael Jordan or the Koch Brothers or Sam Walton. Measuring disparity is a losers game. It is just peering over the fence at what your neighbor has, without an inkling of what they have done to amass what they have. It is envy, pure and simple. I love rich people. They pay me! Poor people have never paid me for anything.
ReplyDeleteAs Walter Williams said, "The best thing you can do for the poor is not to become one."
ReplyDeleteRachel is telling us that black people are at a disadvantage of creating wealth because home ownership is a critical factor in the process and those folks are relegated to buying homes in less desirable neighborhoods.
ReplyDeleteIf that's all there is to it then Obama and HUD are already on the case with this plan. Looks like a bad idea to me....
http://www.cnsnews.com/news/article/huds-new-fair-housing-rule-establishes-diversity-data-every-neighborhood-us
M Trumble,
ReplyDeleteIt is just peering over the fence at what your neighbor has, without an inkling of what they have done to amass what they have.
Serious question:
Isn't that what slavery, etc., meant?
Depriving blacks of that inkling? When education was kept difficult, at best, for generations, why the expectation blacks should all of a sudden be financial wizards, or easily comprehending their surroundings, in what many still mostly see as a hostile environment?
The logic doesn't follow,...