How ‘equity’ policy will deepen racial inequality

[Chris]

Equity, it turns out, creates inequality.

How ‘equity’ policy will deepen racial inequality

The Biden-Harris administration has made stamping out racial “inequities” the focus of all its policies....

...Rather than treating people equally, politicians committed to advancing equity would try to assure an equality of outcome between racial and ethnic groups. In one of the many executive orders Joe Biden signed on his first day in office, the president promised an “ambitious whole-of-government equity agenda” to fight “systemic racism.”

...These politicians would have the Fed keep interest rates artificially low and the monetary supply growing, based on the Phillips Curve. Jared Bernstein, one of Biden’s economic advisers, believes that lower interest rates and what are traditionally regarded as inflationary policies will juice the economy enough to decimate persistent pockets of poverty.

...But the “solution” creates two new problems. Low interest rates and inflation punish savers and reward investors by making more capital available and driving people to seek a higher rate of return in the stock market. The study found that a monetary shock would raise stock prices by 5%, raising the annual incomes of white people by 200% to 300% more than those of blacks.

The Fed also made the startling discovery that inflationary policies result in inflation. The proposed policy would raise “house prices by over 2% over a five year period.” That will only deepen the 30-point home ownership gap between whites and blacks. Home ownership accounts for approximately 60% of the average household’s wealth.

In the end, the equity-building policy actually “exacerbates the wealth difference between black and white households, because black households own less financial assets that appreciate in value.”

It goes on to establish the underlying critical theory of these policies.

It reminds us how under Trump's " tax cuts and deregulation, which freed the pent-up creativity and innovation that had been lying dormant under more restrictive policies. While they were active, black and Hispanic wealth grew by 1,100% to 2,200% more than whites...."

[Cotton1]

Translated: Biden knows his policies will result in inflation .

Therefore rates will rise a few ticks. They already have just a tad.

Therefore stocks drop as we know. When stocks drop white folks lose money.

When white folks lose money it doesn't help minorities. Actually it hurts them .

In this manner it's a type of reverse reparation since whites lose capital

Then Biden can say the whites have more money meaning they are racist.

He's already saying that, apparently

So. .most whites will be labeled "racist " and losing money will be the punishment

The upper class will be labeled one better, "White Supremests"

The 1% will be labeled "Grand Wizards"

Last I checked everyone's money is green.

[Chris]

Except I believe the inflation will drive stock prices up and that whites will make more than blacks.

In general, it is a usual lefty policy that harms those it intends to help. People never learn the left's dreams and schemes never work.

[Chris]

‘Blessings Of Liberty’: How ‘The Equality Act’ Viciously Attacks Christians, Freedom, Society, Sex, And You

...The act, which the House is expected to pass for the second time in nine months on Thursday before sending it to a now-Democratic Senate, opens up swinging on Christian (as well as most religions’) concepts of morality in marriage, sex, and identity. It would strike biological sex from the 1964 Civil Rights Act, replacing it with “sexual orientation and gender identity.” Belief in traditional marriage, the act would legislate, is a specific example of illegal discrimination.

...Under the Equality Act, after all, American law is a tool to attack our rights of conscience, our religious freedom, our businesses, our schools, our families, our neighbors, our priests, and our churches. How dare anyone expect to use the law to defend against it?

While the act is nearly certain to pass the Democratic House of Representatives, its fate in the Senate is less assured. Americans must pay close attention. Our society depends on it.

[donttread]

Equity, it turns out, creates inequality.

How ‘equity’ policy will deepen racial inequality



It goes on to establish the underlying critical theory of these policies.

It reminds us how under Trump's " tax cuts and deregulation, which freed the pent-up creativity and innovation that had been lying dormant under more restrictive policies. While they were active, black and Hispanic wealth grew by 1,100% to 2,200% more than whites...."

Ummm @Chris that is part of the problem. The ultra left needs blacks right where they are because if they rise out of poverty they will no longer vote dem so overwhelmingly because taxes.
It amazes me that for 60 years the dems ( back to LBJ) have thrown money at poverty at black poverty and these things have gotten worse but so few seem to connect to the undeniable fact that they are NOT supposed to get better. that is not the design as highlighted by LBJ's ilk tellling black women they'd do better without a man in the house.
How does the rank and file dem not figure this out? More likely that those who have figured it out have no voice in today's MSM.

What we really differ upon is how to fix the inner cities. That's what it boils down to. So why not study that instead of assume? Personally I think the answer lies largely within these toxic neghiborhoods ( trailer parks on steroids and people on top of each other) and the blame card certainly doesn't help. It mught be as simple as dispersing people from the ghetto after all we are paying the rent for many but many moms would want out into working class neighborhoods.