Getting it Right - Welcome

The goal of this blog is to publish my thoughts on a variety of economic and political topics in the hopes that people who find them educational or beneficial will utilize them and/or forward to others who might find them interesting and/or worthwhile to promote to others, possibly including politicians who can push some of these ideas to fruition. The topics in my blog are meant to be of value on a long term basis, not a daily diary or political issue of the day log. If the information posted is useful to you, by all means utilize it and/or forward it as you see fit. If not useful, then merely ignore it. There are no universally agreed upon truisms and too little tolerance between some of those with opposing viewpoints to successfully convince the people with hardened opinions to move away from them. I am an analytical type person who will try to be as factual as I am able.

I disdain the current popularity of name calling and condemnation of viewpoints with no factual alternatives or logical solutions given that I see so often. If you don't have a solution based on fact and logic, then opt out of the discussion because you have nothing to contribute. My background is a degree in Economics from the University of Michigan and 39 years working in middle management jobs for a major retailer. My opinions are forged on the personal experence of life, family, friends, and work as well as triumphs and mistakes that I have made and hopefully learned from. My hope is that this blog helps you.

My first topic will be about personal finance. I chose that one first because most of us work long and hard just to survive but not all of us realize our dreams of becoming financially independent from the labors of our work. Much of our political votes/thinking also focus on the economy and in particular how well we are personally doing financially.

It is relatively simple, without sacrificing the enjoyment of living for 'today' and even at moderate incomes, to retire as a millionaire or multi-millionaire, if you focus on that goal consistently from a young age. It is also simple to ensure that your child or grandchild retires rich. It merely requires a one time gift of just $2,000 invested wisely and the passage of time. Please read my first post on this blog to learn more.


An index/schedule of past and future posts and their dates will always be updated so that it becomes the first post that you see below. If the date of a post that you wish to read is preceded by the word "Posted", then find it below or click on the title in the Blog archive to review.

Blog Archive

Tuesday, May 9, 2023

Black People Reparations Have Been Paid in Full

 Black People Reparations Have Been Paid in Full

Today, there is a lot of talk about government paying "reparations" to Black people for slavery and discrimination. Some proposals would reward Black people millions of dollars. Think of that - every or many black people would become millionaires paid for by the rest of us who would mostly remain non-millionaires. The rest of us would automatically become poorer through more taxes, interest and principal paid on debt, and devaluation of what a dollar is worth. The truth is for Black people your reparations have been paid in full for the following reasons:

1. No one alive today was a slave nor are any slave owners alive. Slavery was eliminated at the end of the civil war in 1865 158 years ago.

2. The Supreme Court outlawed segregation in 1954. Anyone alive in 1954 in now 69 years old (newborn babies in 1954) or older or dead.

3. The Civil Rights Act banning employment discrimination was passed in 1964 plus the Voting Rights Act was passed in 1965. Anyone who was working then (using 18 years old and older) are now 77 years old or older (that is mostly retired) or dead.

4. The average annual cost of a free public school student education in America (13 years - Kindergarten through 12th grade) is $10,000 a year for a total of $130,000. In large cities where Blacks live in large numbers, the average annual cost of a free public school education is $20,000 a year for a total of $260,000 for 13 years. While many Blacks took full advantage of that expensive free education, many other Blacks did not (either dropping out of school or not applying themselves to achieve good grades) and that is the reason why so many did not do well in employment results. That's on them, not the rest of us in America.

5. There are many government subsidies, scholarships, and easy to get student loans for college for Black people who cannot afford college. The rest of us paid for those programs. Those Blacks who did not take advantage of them did so voluntarily. That's on them, not the rest of us.

6. Affirmative Action, designed to help minorities including Blacks succeed in their employment was part of the 1964 Civil Rights Act plus was strengthened further in 1965 and 1969.

7. 50% of single parent households live in poverty compared to 10% of married households with children living in poverty. Easy to understand - two potential workers and two potential babysitters have much more opportunity to earn more money than one potential worker and one babysitter. Today, 3 out of 4 black babies are born to single parent households. Whose fault is that? Answer - Black mothers who have children voluntarily without getting married. This causes the rest of us workers to pay a fortune in government welfare payments to most of these deliberate single parents who for the most part don't work. Also, teenage boys from single parent households without fathers to guide them are much more likely to drop out of school and/or commit criminal acts.

8. The Black crime rate has been around 8 times the national average for decades. Hard to make money when part or all of your adult life is spent in jail. Plus with the loss of job experience due to jail time, it is harder to gain high paying jobs compared to non criminals who have been working hard while those Blacks deservedly were in jail. That's on the criminals, not the rest of us. Plus we law abiding citizens pay an annual fortune to sustain each person in jail.

Conclusion - Black reparations have been paid in full to every Black alive today. It is up to each Black person to take advantage of the huge fortune that has been invested in them by the rest of us.

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