Zone1 The Nanny State

[cnm]

If the eligible Black population is 45.4 million then the present value of that $120 billion over 73 years equates to > $11 million each.

 

[katsteve2012]

Several off topic and inappropriate posts have been deleted from this thread as well as a thread ban issued.

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[el midgetron]

It's like a nightmare isn't isn't it? It just gets worse and worse.

For you and ever other white racist here.

Actually it just gets worse and worse for every slave still on the liberal victim-hood plantation.

The more time that goes by, the greater inflation becomes and the bigger the the price tag of reparation will be. The bigger the reparations price tag, the more you were historically oppressed and the worse off you are today because of it.

 

[IM2]

That's the only reply this nonsense OP is worth.

You can't face the reality of a peer reviewed study.

 

[IM2]

This is 500 trillion dollars. That's stiill a huge amount. Todd and others just argue because they think if enough of them say no or whatever they do that it changes the facts presented. But it doesn't and that's the problem. The reality of the numbers cnm shows is that the government provided at least 500 trillion in economic development assistance to whites. If that's not nanny state, nothing is.

 

[Toddsterpatriot]

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

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 writer is an idiot. Total federal spending in the 1950s was less than $700 billion.
Show me anything that proves they spent $120 billion to "subsidize white housing".
And then, show the math that turns $120 billion in the 50s into 1.239 quintillion 2019 dollars by adjusting for inflation.

 

[Toddsterpatriot]

I'm better at math than you.

Your people invented math and you don't understand what per capita means.
You're certainly funnier than I am. Unintentionally.

 

[Toddsterpatriot]

View attachment 882657

Compound Interest Calculator

Compound interest calculator finds interest earned on savings or paid on a loan with the compound interest formula A=P(1 + r/n)^nt. Calculate interest, principal, rate, time and total investment value.

www.calculatorsoup.com

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

11.5%

Nice job! But that's not adjusting for inflation.
Now where did you get the idea that housing increased by that much?
So, how close is $510 trillion to $1.239 quintillion?
1.239 quintillion / 510 trillion = ?????

Thanks for at least trying some math. Maybe you can help IM2?

 

[Toddsterpatriot]

You can't face the reality of a peer reviewed study.

Peer reviewed? Were the peers Kamala Harris and Claudine Gay? DURR

 

[Toddsterpatriot]

This is 500 trillion dollars. That's stiill a huge amount. Todd and others just argue because they think if enough of them say no or whatever they do that it changes the facts presented. But it doesn't and that's the problem. The reality of the numbers cnm shows is that the government provided at least 500 trillion in economic development assistance to whites. If that's not nanny state, nothing is.

This is 500 trillion dollars. That's stiill a huge amount.

Yes, your imaginary number is really huge.
Now try using inflation instead of stock returns.

The reality of the numbers cnm shows is that the government provided at least 500 trillion in economic development assistance to whites.

You haven't shown the real number for "economic development assistance to whites"
$120 billion in the 50's isn't it buddy.

 

[IM2]

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 writer is an idiot. Total federal spending in the 1950s was less than $700 billion.
Show me anything that proves they spent $120 billion to "subsidize white housing".
And then, show the math that turns $120 billion in the 50s into 1.239 quintillion 2019 dollars by adjusting for inflation.

Again that was measured by taking the 1950's money and determining todays value because thats how muuch 1950's money could buy.

 

[IM2]

This is 500 trillion dollars. That's stiill a huge amount.

Yes, your imaginary number is really huge.
Now try using inflation instead of stock returns.

The reality of the numbers cnm shows is that the government provided at least 500 trillion in economic development assistance to whites.

You haven't shown the real number for "economic development assistance to whites"
$120 billion in the 50's isn't it buddy.

She showed it. Just face reality. The government has given huge amounts of money for white economic development.

 

[IM2]

Peer reviewed? Were the peers Kamala Harris and Claudine Gay? DURR

Both those women are highly qualified. But the fact is the study was peer reviewed and published. What it shows is massive government handouts to whites.

 

[IM2]

Nice job! But that's not adjusting for inflation.
Now where did you get the idea that housing increased by that much?
So, how close is $510 trillion to $1.239 quintillion?
1.239 quintillion / 510 trillion = ?????

Thanks for at least trying some math. Maybe you can help IM2?

I don't need help because Lisa Kim produced that number. Properr application of math seems to be a problem among white racists. But in this case 510 trillion is stilll a extremly large amounnt of money and it was given to whites while blacks were excluded.

 

[Toddsterpatriot]

Again that was measured by taking the 1950's money and determining todays value because thats how muuch 1950's money could buy.

That would mean adjusting for inflation.
Doing that with the imagined $120 billion in the 50's
until today, doesn't get anywhere near $1.239 quintillion.

 

[Toddsterpatriot]

She showed it. Just face reality. The government has given huge amounts of money for white economic development.

She didn't show $120 billion and she really didn't show $1.239 quintillion.
But thanks for agreeing with someone who is even worse at math than you are.
It always makes me chuckle.

 

[Toddsterpatriot]

Both those women are highly qualified. But the fact is the study was peer reviewed and published. What it shows is massive government handouts to whites.

Meh. A couple of unqualified affirmative action hires.

Who peer reviewed her awful math? Link?

 

[Toddsterpatriot]

I don't need help because Lisa Kim produced that number. Properr application of math seems to be a problem among white racists. But in this case 510 trillion is stilll a extremly large amounnt of money and it was given to whites while blacks were excluded.

I don't need help because Lisa Kim produced that number.

Pulled it out of her ass.

Properr application of math seems to be a problem among white racists.

It's not a problem to highlight her errors or yours.

 

[IM2]

Your people invented math and you don't understand what per capita means.
You're certainly funnier than I am. Unintentionally.

I understand what per capita means, but crime is measured one to one. A white dude kills 2 people and a black dude killls one, you don't credit the black dude with 10 murders because there are 5 times more whites. Using your logic, If I have one dollar and you have 5, we have the same amount of money.. Last, if blacks and whites had the same population, we'd own the same amout of property, have the same number of businesses, the same number of blacks would have jobs as whites, etc., etc. Per capita shows that 95 percent of blacks don'tt commit crimes and 98 percent of whites don't. So per capita used the way you do is just an excuse to say that we're white and we get to commit more crime.

 

[IM2]

Meh. A couple of unqualified affirmative action hires.

Who peer reviewed her awful math? Link?

Whites have been affirmative action hires since at least 1776.

Try posting a link showing math that disputes her. Because all you have done iss run your mouth.