I'd have to 100% agree. I've seen it in my own social circles and speaking with wealthier and older people.@ wrote:
“I know lots of people who are able to go out and interact in the economy. Restaurants are open, but they won’t go. We have to learn to deal with this human counterparty risk.”
I lived there during that time. King was high on angel dust and driving 80mph through a residential area, and up to 115 mph elsewhere. He resisted arrest and it took several officers to bring him down. The video sent to the news stations has 13 seconds edited out -- 13 seconds of a huge 6'4" man who was high rising up and charging an officer a head smaller and 50# lighter. He was tased - no effect (have you ever been tased? To have no effect, something was wrong with him -- the drugs). Four LEOs tried to get him down and he threw them all off. The news only showed the officers coming to the aid of the other LEO and subduing him when they had no other choice. The lead officer made the other holster their guns so he wouldn't end up dead. The other two in the car got out and did as instructed. Not a scratch on them.@Tarantado wrote:
Forgive me of my ignorance, but what change or reform has occurred since the Rodney King incident? I am too young to remember that.
@iShop123 wrote:
I lived there during that time. King was high on angel dust and driving 80mph through a residential area, and up to 115 mph elsewhere. He resisted arrest and it took several officers to bring him down. The video sent to the news stations has 13 seconds edited out -- 13 seconds of a huge 6'4" man who was high rising up and charging an officer a head smaller and 50# lighter. He was tased - no effect (have you ever been tased? To have no effect, something was wrong with him -- the drugs). Four LEOs tried to get him down and he threw them all off. The news only showed the officers coming to the aid of the other LEO and subduing him when they had no other choice. The lead officer made the other holster their guns so he wouldn't end up dead. The other two in the car got out and did as instructed. Not a scratch on them.@Tarantado wrote:
Forgive me of my ignorance, but what change or reform has occurred since the Rodney King incident? I am too young to remember that.
When the jury saw the whole tape, the officers were found to use reasonable force. It didn't matter. The riots were already scheduled. Yes, scheduled. Regardless of the verdict, they were going to happen. The reason? Formerly black areas of downtown had a lot of Koreans move in. The Koreans started businesses, helped one another navigate city ordinances and paperwork, and lived in close quarters until they could buy up more and more of the neighborhoods. They are an insular community; selling to the black residents, but not buying anything from them (buying from their own.) It made the Koreans prosper. The black communities felt that they were being taken advantage of. The targets of the riots were Korean businesses. The Koreans were armed, though, or the Burn Loot Murder groups of the 1990s would've made it a lot worse.
Now you're no longer ignorant of the facts. No reform was needed there. King was a felonious thug out on parole who didn't want to go back to prison and was willing to harm police officers to make sure he didn't.
This is the first story I've seen of fines:@Shop-et-al wrote:
I don't think it would be a deterrent or an incentive.Look at how many laws are on the books and how many other fines and punishments are not a deterrent to other crimes.
@shoptastic wrote:
So, this has been an interesting experiment. I've been driving by two Texas Roadhouses: one in an upper-middle-class city and one in a more working class one.
The one in the wealthier area has been missing about 35% of the customers that would normally show up. The one in the more working-class city has been quite packed. I wouldn't say it's back to 100%, but seems very close. Maybe 90-95% back to normal. The same seems to be true of retail and dining outlets in the two cities.
This small anecdotal experience has affirmed my thesis in other threads and what the economic data itself shows: wealthier people are spending less and lower income workers are spending more.
That's true.@prince wrote:
The wealthier people could be having theirs delivered. They may be spending as much as ever, just differently.