| Unleash Prosperity Hotline Issue #279 05/06/2021 |
| 1) More On The “Systemically Racist” Myth We got lots of interesting responses to our item last week (keep ‘em coming), which provided prima facie factual evidence that America is NOT a systemically racist nation. Asians have almost 20% HIGHER incomes than whites, and yet Asians are “people of color” with brown skin. Our senior fellow David Simon did a deeper dive into the 2018 Census data on household incomes and came up with some fascinating numbers. For example, immigrants from Nigeria (in Africa) have a higher median household income ($68,650) than whites ($66,100). We had to check that twice, it is so surprising. How about people from Cambodia, one of the poorest nations in the world. They have a median household income of $72,038. Laotian Americans have incomes equal to those of whites. How about Ghana – another very poor African nation? Americans with Ghanian ancestry have a median income of $69,021.  For a racist country, people of color come to America and flourish like no other place in the world. Maybe a way to reduce racial inequalities in America is for someone to figure out why so many native-born African-Americans are struggling, but African immigrants – that generally come to this country dirt poor – climb the economic ladder and do so much better. Because the answer to THAT question cannot be racism. |
| 2) Montana Gets It Half Right Governor Greg Gianforte has taken decisive action to address the labor shortages caused by federal unemployment bonuses — he terminated them in the state of Montana. “I hear from too many employers throughout our state who can’t find workers. Nearly every sector in our economy faces a labor shortage,” Gianforte said.  But it makes NO sense for the government to give a $1,200 payment to people to go back to work. This only rewards the people who have stayed on the sidelines the longest. If anyone should get a $1,200 bonus it is the people who have kept our economy from entirely capsizing by working throughout the pandemic. It is time to cut the payroll tax! |
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