Index Investing News
Thursday, May 22, 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

Leftists and trust fund kids

by Index Investing News
July 26, 2023
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


You’ve probably heard the phrase “Baptists and bootleggers”, referring to the odd coalition that favored the prohibition of alcohol.

That phrase came to mind when I saw the following graph:

There’s a recent trend away from emphasizing academic factors when determining who gets admitted to college.  So who would benefit from less emphasis on grades and test scores?  The graph shown above suggests two different groups:  Those from low-income families (who tend to have slightly lower academic ratings) and the top 1% of the income distribution (who tend to get extremely high ratings on intangible factors.)  Thus left wing social justice warriors and trust fund kids have a certain commonality of interests—de-emphasizing academic ratings.

I see a lot of academic studies, but rarely do I see a graph that is so “expressive”.  In the TV show “Succession”, a spoiled rich young man makes fun of the sort of people who have to stay at a Marriott (which most people view as a pretty good hotel).  This graph suggests that there really is something different about the entitled rich.  I’m not surprised that they “earned” (bought?) higher ratings, although the extent of the increase did surprise me.  But what most surprises me is that the intangible ratings seem pretty flat all the way up from 10% to 90% of the income distribution.

There’s a lot of recent debate about “white privilege”, and I would never deny that being white has advantages in certain situations.  But this graph suggests that any advantage from being white is probably dwarfed by the advantage of being rich.

PS.  I’m not saying the ratings are necessarily inaccurate; the rich have greater ability to achieve success in certain non-academic areas.  Rather the problem (if there is one) would be if the college admission officer interpreted the ratings as measuring some sort of intrinsic characteristic of the applicant.

 





Source link

Tags: fundkidsleftiststrust
ShareTweetShareShare
Previous Post

When Karim Benzema will face Cristiano Ronaldo in 2023/24 Saudi Pro League season

Next Post

Crypto Compliance Just Got An Upgrade: Deloitte, Chainalysis Team Up

Related Posts

America is a producing powerhouse

America is a producing powerhouse

by Index Investing News
May 21, 2025
0

A latest Bloomberg article by Dan Wang and Ben Reinhardt had some fascinating issues to say about US manufacturing. As...

Trump’s Center East dealmaking may reshape the worldwide AI race 

Trump’s Center East dealmaking may reshape the worldwide AI race 

by Index Investing News
May 21, 2025
0

Unlock the White Home Watch publication totally freeYour information to what Trump’s second time period means for Washington, enterprise and...

Sorry, Steve: Right here’s Why Apple Shops Received’t Work

Sorry, Steve: Right here’s Why Apple Shops Received’t Work

by Index Investing News
May 21, 2025
0

    “Few outsiders assume new shops, regardless of how well-conceived, will get Apple again on the hot-growth path… Perhaps...

UK inflation rose greater than anticipated to three.5% in April

UK inflation rose greater than anticipated to three.5% in April

by Index Investing News
May 21, 2025
0

Keep knowledgeable with free updatesMerely signal as much as the UK inflation myFT Digest -- delivered on to your inbox.UK...

Limits on Self-Possession? – Econlib

Limits on Self-Possession? – Econlib

by Index Investing News
May 21, 2025
0

  Frequent commenter Monte, who commented on my weblog put up titled “Thoughts Your Personal Enterprise!”, requested “Do Libertarians consider...

Next Post
Crypto Compliance Just Got An Upgrade: Deloitte, Chainalysis Team Up

Crypto Compliance Just Got An Upgrade: Deloitte, Chainalysis Team Up

Journalist makes big PSG claim at Spurs

Journalist makes big PSG claim at Spurs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

The ‘Energetic NFL yards-per-receptions’ leaders quiz

The ‘Energetic NFL yards-per-receptions’ leaders quiz

March 21, 2025
Ukraine’s Zelenskiy to deal with British parliament By Reuters

Ukraine’s Zelenskiy to deal with British parliament By Reuters

March 8, 2022
Investors start to shun small and midcaps, but then fall for another poor idea

Investors start to shun small and midcaps, but then fall for another poor idea

February 10, 2024
Mavs Luka Dončić records 60-21-10 triple-double in OT win

Mavs Luka Dončić records 60-21-10 triple-double in OT win

December 28, 2022
Economic Freedom: Breaking the Culture of Welfare Dependency

Economic Freedom: Breaking the Culture of Welfare Dependency

February 15, 2023
Factbox-Strikes, protests in Europe over cost of living and pay By Reuters

Factbox-Strikes, protests in Europe over cost of living and pay By Reuters

November 14, 2022
Ethereum Price Will Rally If This Happens; What Could That Possibly Be?

Ethereum Price Will Rally If This Happens; What Could That Possibly Be?

October 25, 2022
Australia information stay updates: Labor’s public service shake-up continues; NSW premier urged to halt Barilaro appointment | Australia information

Australia information stay updates: Labor’s public service shake-up continues; NSW premier urged to halt Barilaro appointment | Australia information

June 22, 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