Re:A.I. Systems Echo Biases They’re Fed, Putting Scientists ...
by iknowalot on Wednesday November 13, 2019 @10:13PM
(#21532445)
>...the vast majority of white wealth is not in the hands of the middle-upper class
You are correct on that point. More than 50% of the 100$ trillion is held by the top 10%.
On the other point, my point is the first $500k to 1million of wealth was due to inheritance... not the total wealth of the 1%.
Follow up: At one point, any white male could move westward and get free land (whether indegeous owned or not). 40-100 acres after a century+ of property value appreciation is quite a bit of wealth. The $500k-1m number I use as a baseline for white wealth is very conservative.
You are correct on that point. More than 50% of the 100$ trillion is held by the top 10%.
On the other point, my point is the first $500k to 1million of wealth was due to inheritance... not the total wealth of the 1%.
Follow up: At one point, any white male could move westward and get free land (whether indegeous owned or not). 40-100 acres after a century+ of property value appreciation is quite a bit of wealth. The $500k-1m number I use as a baseline for white wealth is very conservative.