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The racial wealth gap is a key indicator of the economic costs of racism
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<blockquote data-quote="Apollo Tenzen" data-source="post: 62038" data-attributes="member: 271"><p><h3>[MEDIA=youtube]HS5RsQV9g0w[/MEDIA]</h3><p>Actually, the math on this doesn't support the idea that it's just a "handout" or "cope." If you look at the Federal Reserve's own data (specifically from the San Francisco Fed), the $51 trillion lost since 1990 isn't about giving money away—it's about the <strong>lost output</strong>. It’s the difference between what the economy <em>actually</em> produced and what it <em>could</em> have produced if labor, talent, and capital weren't being misallocated due to systemic barriers.</p><p>The "delusion" here is thinking that the economy is a zero-sum game where one group's loss is another's gain. In reality, when you have $13 trillion in business revenue that never happens because of lending discrimination, that's $13 trillion that isn't circulating in the private sector, isn't creating jobs, and isn't paying into the tax base. It's a net loss for the whole country, including the people who think they're winning.</p><p></p><p>If that $20+ trillion was active in the economy instead of being "taxed" away by inefficiency and discrimination, the technological and infrastructure advances—like that Mars base—would actually be a lot closer to reality for everyone.</p><p></p><p>I am italian you fucking idiot.</p></blockquote><p></p>
[QUOTE="Apollo Tenzen, post: 62038, member: 271"] [HEADING=2][MEDIA=youtube]HS5RsQV9g0w[/MEDIA][/HEADING] Actually, the math on this doesn't support the idea that it's just a "handout" or "cope." If you look at the Federal Reserve's own data (specifically from the San Francisco Fed), the $51 trillion lost since 1990 isn't about giving money away—it's about the [B]lost output[/B]. It’s the difference between what the economy [I]actually[/I] produced and what it [I]could[/I] have produced if labor, talent, and capital weren't being misallocated due to systemic barriers. The "delusion" here is thinking that the economy is a zero-sum game where one group's loss is another's gain. In reality, when you have $13 trillion in business revenue that never happens because of lending discrimination, that's $13 trillion that isn't circulating in the private sector, isn't creating jobs, and isn't paying into the tax base. It's a net loss for the whole country, including the people who think they're winning. If that $20+ trillion was active in the economy instead of being "taxed" away by inefficiency and discrimination, the technological and infrastructure advances—like that Mars base—would actually be a lot closer to reality for everyone. I am italian you fucking idiot. [/QUOTE]
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