Southern slave owners remained politically powerful after the Civil War. In Texas, former slave owners made up more than half of all state legislators until the late 1890s. Counties that elected more slave owners had substantially worse outcomes for blacks until the early 20th century.
Cotton was still an important crop, even if they couldn’t produce at the same ridiculously high margins as when they had slaves working the fields. If you still had the cotton fields then you still had a means of accumulating wealth (and thus power). They also had the wealth accumulated during legal slavery, wealth creates more wealth. They had wealth to buy slaves and farmlands before ie they were wealthy to begin with. The georgia colony trustees didnt give out 5000 acre plots of land on the savannah river to colonists from english debtors prisons.
Here, the settlers would have to conform to Oglethorpe’s plan, in which there was no elected assembly.… Continue reading
So you mean all those forgone avocados were for nothing?!
you commented about how nobody forces us into debt, and we all made a choice to take on our debt.
I want to help you, and anyone else browsing this thread who thinks that way, understand why that line of thinking is both wrong and unhelpful.
With the obvious disclaimer that my situation doesn’t apply to 100% of student loan borrowers, I’m willing to bet that what I’m about to describe is an extremely common thread among the majority of us, especially those of us who are a little older and who started college in the early 2000s when things were just getting worse.… Continue reading
Capitalism isn’t much fun
It boggles my fucking mind how we lost gamers to the right. Capitalism is the biggest cause of the decline of gaming. Microtransactions, gambling addiction loot crates, pay to win, selling games in piece meal snipets, charging full price for flawed garbage that will “get fixed later”, relying on the community to fix their shit for free(looking at modders and Bethesda), monopolistic growth removing competition and thus reducing quality and innovation, etc… Like gaming is a microcosm of the absolute failures of Capitalism. Everything wrong with Capitalism shows up in the gaming world. And all gamers think is “Look how feminism and diversity is ruining my video games!”… Continue reading
Suddenly, it made sense that Trump went to Wharton.
Average isn’t even the number you should look at.
The median number is 34,000.
The median is lower than the average because the top earners earn more than a normal distribution.
What’s even more fun is that billionaires and top “earning” millionaires won’t even be on this list because they record $0 income. The average would be even higher with total earnings.
They make their money (or just support their life style) from moving around assets and selling assets which is not taxable income, it’s “capital gains”. And a lot of times shell companies are used to avoid taxable events. It’s all a big “legit” scam.… Continue reading