Zone1 The Nanny State

[cnm]

I'd have to see the "Garbage In" they were working with.

Use your own. You're disputing theirs.

 

[Toddsterpatriot]

Use your own. You're disputing theirs.

Yes, because their number is moronic beyond belief.

 

[IM2]

1 quintillion is equal to 1 million trillion.

The Federal government's annual spending didn't even break 1 trillion until 1987.
How did they spend 20,000 trillion a year, for 50 years, starting in 1930?
Why did no one notice until Jane Kim in 2019?
Is Jane Kim really Claudine Gay?

Toro

Again learn to read and after I say this do not repeat the same silly shit over and over again.

The government spent 120 billion on programs that benefitted whites beginning in the 1930s. That amount is the EQUIVALENT of over 1 quintillion dollars today adjusted for inflation based on the U.S. Bureau of Labor Statistics’ Inflation Calculator, which produces measurements in increments of 10 million dollars, where 10 million 1950s dollars as of January 1950 has the same buying power of 103,259,148.94."

Understand? You want to fix your mouth with some smart assed racist comment, but this is reality pod - nuh. So don't try telling me about when the government first spent a trillion dollars.. They spent the equivalent amout to a trillion because of what that money could buy at the time.

 

[Toddsterpatriot]

The government spent 120 billion on programs that benefitted whites beginning in the 1930s. That amount is the EQUIVALENT of over 1 quintillion dollars today adjusted for inflation based on the U.S. Bureau of Labor Statistics’ Inflation Calculator

It's not. Not even close.

 

[cnm]

Yes, because their number is moronic beyond belief.

So what is the correct number with regard to the difference in govt spending on Blacks?

I've seen only one set of figures so far.

 

[cnm]

It's not. Not even close.

One posts numbers, one posts arse blowings.

 

[Toddsterpatriot]

One posts numbers, one posts arse blowings.

Yeah, but IM2 isn't good at numbers.
Really, completely not good.

 

[cnm]

Yeah, but IM2 isn't good at numbers.
Really, completely not good.

They really shine compared to your non-existent ones.

 

[IM2]

Yes, because their number is moronic beyond belief.

"The buying power of 120 billion 1950s dollars was calculated with the U.S. Bureau of Labor Statistics’ Inflation Calculator, which produces measurements in increments of 10 million dollars, where 10 million 1950s dollars as of January 1950 has the same buying power of 103,259,148.94."

 

[IM2]

Yeah, but IM2 isn't good at numbers.
Really, completely not good.

The hell I'm not. I just reject the use iof per capita for individual instances of crime.

 

[IM2]

It's not. Not even close.

"The buying power of 120 billion 1950s dollars was calculated with the U.S. Bureau of Labor Statistics’ Inflation Calculator, which produces measurements in increments of 10 million dollars, where 10 million 1950s dollars as of January 1950 has the same buying power of 103,259,148.94."

It is 100 percent accurate.

 

[Toddsterpatriot]

They really shine compared to your non-existent ones.

Only an idiot would think they shine.

Let's look at his atrocious claim in post #67

The government spent 120 billion on programs that benefitted whites beginning in the 1930s. That amount is the EQUIVALENT of over 1 quintillion dollars today adjusted for inflation based on the U.S. Bureau of Labor Statistics’ Inflation Calculator

Let's pretend, instead of a couple billion in one year and a couple billion in another year, eventually adding up to 120 billion today, that they spent it all in 1930.
This way, we'll have a lot longer for the compounding to work.

Are you with me so far?

 

[Toddsterpatriot]

The hell I'm not. I just reject the use iof per capita for individual instances of crime.

I know, because you're really awful at math.

 

[cnm]

Are you with me so far?

You are the one not telling your story.

 

[Toddsterpatriot]

You are the one not telling your story.

Did you follow my logic or not?
If so, I can continue.

 

[IM2]

Only an idiot would think they shine.

Let's look at his atrocious claim in post #67

The government spent 120 billion on programs that benefitted whites beginning in the 1930s. That amount is the EQUIVALENT of over 1 quintillion dollars today adjusted for inflation based on the U.S. Bureau of Labor Statistics’ Inflation Calculator

Let's pretend, instead of a couple billion in one year and a couple billion in another year, eventually adding up to 120 billion today, that they spent it all in 1930.
This way, we'll have a lot longer for the compounding to work.

Are you with me so far?

You can't read.

The writer is talking about money spent in the 1950s that totalled 120 billion. In 1950 that total amout is the nummber the writer cited

"The buying power of 120 billion 1950s dollars was calculated with the U.S. Bureau of Labor Statistics’ Inflation Calculator, which produces measurements in increments of 10 million dollars, where 10 million 1950s dollars as of January 1950 has the same buying power of 103,259,148.94."

The Quantifiable Impact of U.S. Federal Housing Discrimination on White and Black Wealth

Before the 1930s, home ownership typically acquired later in life and was a good held not for purposes of investment, but rather, for purposes of housing. After the New Deal reforms, “homeownership became the primary mechanism that middle-class Americans use to build assets.” Today, home equity is a significant source of wealth for many Americans and home ownership is the largest component of middle-class wealth.166 Home ownership is unquestionably the “single most important means of accumulating assets,” and thus increasing wealth. Indeed, owner-occupied homes constitute 60 percent of the total assets held by middle-class Americans.

More than 120 billion dollars in the 1950s, with inflation, is likely worth more than 1.239 quintillion dollars in 2019. This statistic means that the federal government’s financial expenditure on white-American housing after the New Deal would be the equivalent of 1.239 quintillion dollars in federal spending today. This amount is a net or flat amount and merely takes inflation into consideration. This amount does not consider the exponential growth of wealth accrued or accumulated from the benefits of homeownership over time (the gross amount). The government essentially purchased benefits for white individuals and communities with government money. These benefits include interest rates, financial investments, quality housing, education, increased employment opportunities and respective increases in income, affordable loans and credit, the capital to invest and multiply one’s wealth, financial and physical stability, security, and safety, inherited or generational wealth, continued race and class discrimination, and stigma. As such, the federal government’s investment of more than 1.239 quintillion dollars into white property, white homeownership, and white wealth is likely worth sizably more today, beyond mere inflation considerations.

Black Reparations for Twentieth Century Federal Housing Discrimination: The Construction of White Wealth and the Effects of Denied Black Homeownership

This year marks the 400th anniversary of the first documented arrival of Africans to the United States, which resulted in the enslavement of approximately 4 mil

deliverypdf.ssrn.com

 

[IM2]

Did you follow my logic or not?
If so, I can continue.

You can't continue.

 

[IM2]

I know, because you're really awful at math.

I'm better at math than you.

 

[cnm]

Did you follow my logic or not?
If so, I can continue.

You are the one who stopped.

You have nothing.

 

[cnm]

Compound Interest Calculator

Compound interest calculator finds compound interest earned on an investment or paid on a loan. Use compound interest formula A=P(1 + r/n)^nt to find interest, principal, rate, time and total investment value. Continuous compounding A = Pe^rt.

www.calculatorsoup.com

Historical Returns on Stocks, Bonds and Bills: 1928-2022​

11.5%