Earlier quoted context omitted.
But what benefit are you deriving from that?
I can answer this, but first I want to understand better why it matters. It's deliberate, de jure harm inflicted on Black families regardless of the purported and actual benefits to white homeowners.
Children of alumni no longer have admissions edge at Carnegie Mellon, Pitt
811–815 of 815 posts
Re: Children of alumni no longer have admissions edge at Carnegie Mellon, Pitt
#812Earlier quoted context omitted.
It’s funny how that article doesn’t mention the most obvious reason - it turns out intelligent people generally don’t get jobs as janitors, retail workers, or other minimum-ish wage jobs. Those intelligent people then have intelligent babies. For some reason a large part of our society doesn’t want to acknowledge that genetics (highly) influence intelligence.
Anyone who has lived in the real world knows that the conditions in which you grow up have a massive effect on where you end up. There are entire communities of people who live in deep poverty. It's not because they're all - uniformly down to the last person - dumb. The parents are poor, don't have a high-quality education, work long hours, can't afford tutoring, can't help their children with their coursework, etc.…
(Basically) no intelligent teenager in America is held down by poverty. My parents were relatively poor, didn't go to college, worked long hours, and I went to a public school and certainly didn't have any tutoring and didn't receive much help with homework.
I did well enough on my ACT to go to a private college for pretty close to free. Even if that doesn't happen you can go to a state school that doesn't need great grades, take out loans for the entire amount, get a degree for a good paying job, and suddenly you're out of poverty.
Re: Children of alumni no longer have admissions edge at Carnegie Mellon, Pitt
#813Earlier quoted context omitted.
I think you are pointing out a related but slightly different problem. The question being asked is not "Does admitting wealthy students lead to higher alumni donations?" but rather "Does admitting legacy students lead to higher alumni donations?". The latter one is what is being measured when they control for wealth and conclude that the practice of admitting based on legacy status does not result, in itself, with hi…
They cannot be measured distinctly when one is a proxy for the other.
Would you apply that to, say, wealth and SAT scores?
Re: Children of alumni no longer have admissions edge at Carnegie Mellon, Pitt
#814Earlier quoted context omitted.
That's a typo its supposed to be "Unsheltered Homeless". I don't think you're understanding the broader point. Look at the economic data. The PPP median household income and PPP net wealth is much higher in the US. Yes, the income/wealth distribution curve is skewed to the right here... But the majority of Americans are wealthier than the majority of Europeans! A random sample of both populations would yield wealthie…
Policy changes: return to a much higher upper marginal tax rate (there's no evidence that the reductions which started with Reagan have benefitted most Americans in any way). reduce military spending (American's socialism) by at least 50%. take the money from these two actions and use it on infrastructure and social support. > These are lawyers, doctors, engineers, oil rig workers, underwater welders, These are not t…
This is not even a remotely serious proposal. There is no scenario where both parties agree to cut the military budget in HALF! Have you looked at the actual budget numbers? We're going to have a 2023 budget deficit of $1.5T. Even if we could, in the midst of the the Ukrainian invasion and rising tension over Taiwain, cut military spending by 50%, that's only a ~$400B reduction of our annual deficit. Do you seriously expect to extract an additional >$1T from income tax in the top bracket? Basic napkin math should tell you this isn't possible.
Also lol at "America's socialism". How do you explain the fact that SS,medicare,medicaid absolutely dwarf military spending?
> take the money from these two actions and use it on infrastructure and social support.
Complete non-statement. What specifically are we going to do with you imaginary tax revenue?
> ...Wealth redistribution schemes consist of taking money in taxes from people with more money and (in some way) giving it to or spending it on people with less.
I don't know how to help you understand this. I suggest reading this - https://en.wikipedia.org/wiki/Pensions_in_France. Here's some quotes:
"This minimum pension (Allocation de Solidarité aux Personnes Agées in French) is the first level of the first pillar of the French pension system. The ASPA is a monthly benefit paid to low-income seniors, whether or not they are former employees. It is not a retirement pension: it is financed by the State, not by social contributions."
"The mandatory state pension is an unfunded contributory pension based on the redistribution of contributions from those working to those in retirement."
"The mandatory occupational pension is a defined contribution scheme that is mainly based on redistribution"
The French pension system is a direct transfer of wealth from workers/citizens to beneficiaries. The US equivalent is social security.
> In terms of income (even adjusted for PPP), sure. But as I tried to explain, that's a silly way to measure wealth, at least if it is the only way you use. As an American, I am forced to spend more of that increased wealth on things that would be free-at-point-of-service or just cheaper in Europe.
Your understanding is incorrect and the cost of living (including government subsidies to healthcare) is included in the OECD statistics:
"This indicator [Household Disposable Income] also takes account of social transfers in kind 'such as health or education provided for free or at reduced prices by governments and not-for-profit organisations.'"
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I do not believe you are arguing in good faith. Your argument basically boils down to "Ignore all the economic data because it doesn't tell the whole story". If you reject the OECD data, corporate financial reports, and national statistics, the least you can do is offer some other data to compare.
Go play with this neat little tool - https://data.oecd.org/hha/household-disposable-income.htm
The US beats the EU on almost every indicator including household income, net worth, debt, and savings.
Re: Children of alumni no longer have admissions edge at Carnegie Mellon, Pitt
#815Earlier quoted context omitted.
Median (not average) PPP income is highest in the US. See: https://en.m.wikipedia.org/wiki/Median_income While it’s true our income inequality is larger, the fact still remains that the median American makes more money than the median European (or any other comparable region). Ask yourself: Is it better for everyone to be richer and have high inequality? Or is it better for everyone to be poorer but more equal? EDIT:…
Those numbers are not what you say they are. > The following table represents data from OECD's "median disposable income per person" metric; disposable income deducts from gross income the value of taxes on income and wealth paid and of contributions paid by households to public social security schemes. The figures are equivalised by dividing income by the square root of household size. According to that metric, publ…
"Information is also presented for gross household disposable income including social transfers in kind, such as health or education provided for free or at reduced prices by governments and not-for-profit organisations."
See: https://data.oecd.org/hha/household-disposable-income.htm