Racial equity programs are nothing more than vote buying schemes

Janet Yellen, with a Ph.D. in economics, said racial equity is the centerpiece of the Biden-Harris economic agenda, although she knows that America’s equity programs have been economically disastrous. They have had negative cost-benefits. Instead of facilitating a foundation for equality of opportunity, they are increasing inequality, and most recipients are demotivated to improve their skills and demoralized by inclusion.

The Democrats, though, don’t care about the reality of equity programs; they need the illusion of creating an equal foundation because equity schemes have been a potent means for Democrats to use taxpayer dollars to buy votes from Blacks and Latinos since the mid-1960s.

In 1964 and 1965, Democrats secured the Black and Latino voting blocks. They passed legislation for a massive equity program called welfare, and an immigration program to treat immigrants from anywhere equitably and like citizens when it came to welfare.

Since 1965, the cost of welfare, which excludes social security and Medicare, has increased on average by 7.4% annually. The annual price tag is about $1.16 trillion. In 2018, Black poverty was 20.8%, a decrease of 1.3% from 2000. For Latinos, it was 17.6%, a decrease of 3.6% from 2000. In 18 years, about 901,000 people have been lifted from poverty or about 1.2% of an annual population of recipients of 68 million.

More