r/moderatepolitics • u/ShivasRightFoot • 26d ago

US appeals court rejects Nasdaq's diversity rules for company boards Culture War

https://apnews.com/article/nasdaq-sec-dei-diversity-board-a3b8803a646a62aeb2733bbd4603e670
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u/chaosdemonhu 26d ago

… they are the wealthiest when you take the median income, but per the census whites own 80% of the nations wealth.

Who has more wealth, racially speaking?

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u/andthedevilissix 26d ago

as a group, asians and desis.

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u/chaosdemonhu 26d ago

Again. Whites own 80% of the nations wealth. How can Asians and desis be wealthier when one group owns 80% of the wealth and it isn’t them?

Edit: also this Harvard Law study shows Asian representation is declining compared to white representation in c-suite so wrong there too: https://corpgov.law.harvard.edu/2023/02/25/how-to-fix-the-c-suite-diversity-problem/

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u/andthedevilissix 26d ago

I think you're having difficulty understanding per capita and why the largest ethnic group may have the most wealth.

Per CAPITA, asians and desis have the most wealth - the fact that most people in the US are white isn't particularly interesting (which is what your stat recapitulates)

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u/chaosdemonhu 26d ago

Your stat isn’t per capita it’s a median.

You’ve shown no per capita data.

Even per if you provided per capita data showing that, there’s still massive social power discrepancies between white and Asian peoples.

There’s also something to be said about our historical racial biases in immigration from the East and the fact that historically immigration self selects for high performers.

These individuals make up one-quarter of all immigrants who have arrived in the U.S. since 1965, and 59% of Asian Americans are foreign-born

https://en.m.wikipedia.org/wiki/Demographics_of_Asian_Americans