Index Investing News
Friday, December 26, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

A Way for Biden to Help Black People

by Index Investing News
November 2, 2022
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Last week, President Biden said:

Some airlines, if you want six more inches between you and the seat in front, you pay more money but you don’t know it until you purchase your ticket. Look, folks, these are junk fees, they’re unfair and they hit marginalized Americans the hardest, especially low-income folks and people of color.

Actually, I just flew on Thursday and Monday, and I purchased more leg room. It felt closer to 3 inches than 6 inches, but whatever it was made a big difference. You actually do know it before you purchase your ticket. Indeed, the airlines make it quite obvious. Why doesn’t Biden know that? Could it be that he hasn’t purchased an airline ticket in a long time? Just a hunch.

How are they unfair? They give people a choice. Lower-income people who, I presume he’s saying, value leg room less, can pay less. How does that hit marginalized Americans? Actually, I think it helps. The reason is that the payment for those extra 3 inches, multiplied over all the passengers who pay it on a given flight, more than makes up for the lost revenue from the extra seats the airline could have had, or else the airlines wouldn’t do it. If so, this helps marginalized Americans because the airline makes more money on the flight with more legroom. The airline needs to make a certain amount of revenue to justify a flight. There will be more flights and, therefore, more seats.

So Biden can help marginalized Americans by withdrawing his statement.

There’s a specific way he can disproportionately help black Americans: get the Food and Drug Administration to back off from its proposal to ban menthol cigarettes. The Harvard School of Public Health states:

Manufacturers have long targeted Black Americans with advertisements for menthol cigarettes, which remain the overwhelming preference among Black smokers. Although they smoke at similar rates as the general population, Black smokers experience greater health consequences from the habit. This has been linked in part to their higher consumption of menthol cigarettes.

Manufacturers tend to “target” people who want their product. The FDA is proposing to target black Americans by banning the product. If your view is that people’s preferences don’t count and that the government should prevent people from doing something that harms them, then you could conclude that the FDA is helping them. But if your view is that people should be allowed to consume even things that harm them, especially when they know, as pretty much everyone does, that cigarettes harm those who smoke them long-term, then you would conclude that the FDA is hurting them.

My view is the latter.

 





Source link

Tags: BidenBlackpeople
ShareTweetShareShare
Previous Post

Mint Explainer: Russia’s U-turn on Black Sea grain deal

Next Post

CVS, Estee lauder, Canada Goose and others

Related Posts

The malaise of multilateralism

The malaise of multilateralism

by Index Investing News
December 26, 2025
0

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the...

It’s A Google Drawback – The Large Image

It’s A Google Drawback – The Large Image

by Index Investing News
December 22, 2025
0

    So let’s say you wish to purchase a live performance ticket. You search in Google and also you...

Sam’s Hyperlinks: Vacation Version

Sam’s Hyperlinks: Vacation Version

by Index Investing News
December 14, 2025
0

Sam works on innovation coverage at Progress Eire, an unbiased coverage suppose tank in Dublin, and runs a publication referred...

No matter Occurred to NFTs?

No matter Occurred to NFTs?

by Index Investing News
December 10, 2025
0

    Final week’s Sturgeon’s Corollary generated a little bit of pushback. Probably the most related questions have been about...

Housing: Provide vs. Amount – Econlib

Housing: Provide vs. Amount – Econlib

by Index Investing News
December 6, 2025
0

If there’s one factor we are able to depend on in America, it’s that our elected officers will see an...

Next Post
CVS, Estee lauder, Canada Goose and others

CVS, Estee lauder, Canada Goose and others

Gentherm Incorporated 2022 Q3 – Results – Earnings Call Presentation (NASDAQ:THRM)

Gentherm Incorporated 2022 Q3 - Results - Earnings Call Presentation (NASDAQ:THRM)

RECOMMENDED

Partners Group: Multiples Are Not What They Used To Be (OTCMKTS:PGPHF)

Partners Group: Multiples Are Not What They Used To Be (OTCMKTS:PGPHF)

January 6, 2024
La La Anthony’s Cutout Brown Dress For PrettyLittleThing: Photos – Hollywood Life

La La Anthony’s Cutout Brown Dress For PrettyLittleThing: Photos – Hollywood Life

August 4, 2023
Mexico crowns new ‘Queen of the Mountains’ as community reckons with recent mountaineering deaths

Mexico crowns new ‘Queen of the Mountains’ as community reckons with recent mountaineering deaths

February 26, 2024
Who Will Carry the Classical Liberals?

Who Will Carry the Classical Liberals?

November 18, 2022
Crude oil drops to YTD low as OPEC anticipated to delay deliberate manufacturing hike

Crude oil drops to YTD low as OPEC anticipated to delay deliberate manufacturing hike

February 22, 2025
F-35: NATO allies have second ideas about US stealth fighter

F-35: NATO allies have second ideas about US stealth fighter

March 15, 2025
Kylian Mbappe informs PSG he will not extend contract: Media | Football News

Kylian Mbappe informs PSG he will not extend contract: Media | Football News

June 13, 2023
Some unbiased Nike shops stay open in Russia over every week after closure announcement By Reuters

Some unbiased Nike shops stay open in Russia over every week after closure announcement By Reuters

March 13, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In