December 9th, 2014
in Op Ed
by Elliott Morss, Morss Global Finance
In response to my most recent article on crime, several readers have asked me to expand on the economic reasons for the high rates of crime among blacks. I could write a long treatise on this subject. But instead, I offer a table with some commentary.
Source: US Bureau of the Census
Many have documented how important education is for earning income. Look at Asians: 24% of them got college degrees and their mean income is much higher than any other group. Blacks and Hispanics are just the opposite. I have highlighted that 72% of black children are born out of wedlock. That is a shocking number. It is no wonder that only such a small percentage of blacks get a college degree and such a high percentage live in poverty.
The issues are admittedly complex. But perhaps we could start by asking whether the government should subsidize abortions for single Black and Hispanic women.