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Reparations for Black Americans will cost up to $14 trillion and ‘could finally lead to cl
Posted on 1/12/23 at 4:36 pm
Posted on 1/12/23 at 4:36 pm
Reparations for Black Americans will cost up to $14 trillion and ‘could finally lead to closure,’ economist Sandy Darity says
Black Americans whose ancestors were enslaved have been excluded from full citizenship in the United States for the last 247 years — and granting them full citizenship will cost between $13 trillion and $14 trillion, economist William “Sandy” Darity told a conference of fellow U.S. economists last week.
To see the impact of second-class citizenship on Black Americans, look no further than the racial wealth gap, Darity, a professor of public policy at Duke University, said during a panel on inequality at the American Economic Association meetings.
The “central task” of reparations policy is to raise the level of Black assets to a level sufficient to match the average net worth of white Americans, Darity said. Only this will produce the material conditions for full citizenship for Black Americans, he said.
LINK
CLOSURE?
FAT CHANCE
Black Americans whose ancestors were enslaved have been excluded from full citizenship in the United States for the last 247 years — and granting them full citizenship will cost between $13 trillion and $14 trillion, economist William “Sandy” Darity told a conference of fellow U.S. economists last week.
To see the impact of second-class citizenship on Black Americans, look no further than the racial wealth gap, Darity, a professor of public policy at Duke University, said during a panel on inequality at the American Economic Association meetings.
The “central task” of reparations policy is to raise the level of Black assets to a level sufficient to match the average net worth of white Americans, Darity said. Only this will produce the material conditions for full citizenship for Black Americans, he said.
LINK
CLOSURE?
FAT CHANCE
92
Posted on 1/12/23 at 4:37 pm to djmed
Closure is right. As in Out of Business. Then ask Europe for money,
Posted on 1/12/23 at 4:39 pm to djmed
How long would it take the same people to fritter away that 14 trillion and put themselves back in the same wealth gap situation?
This post was edited on 1/12/23 at 4:40 pm
Posted on 1/12/23 at 4:39 pm to djmed
Reparations were already paid 1000x over
Posted on 1/12/23 at 4:40 pm to djmed
This has to be a line we can’t let be crossed. Myself, my children, my future grand children had nothing to do with slavery and should not be punished for what people did 150 years ago.
Posted on 1/12/23 at 4:40 pm to djmed
quote:
To see the impact of second-class citizenship on Black Americans, look no further than the racial wealth gap
Oh, so it's as simple as that, Mr Duke University professor? I hope they aren't paying you very much.
Posted on 1/12/23 at 4:41 pm to djmed
Just 14 trillion to be made whole!!! And you guys thought Ukraine was expensive.
Posted on 1/12/23 at 4:41 pm to Revelator
quote:
How long would it take the same people to fritter away that 14 trillion and put themselves back in the same wealth gap situation?
Posted on 1/12/23 at 4:42 pm to djmed
Once they get their average household income up to the same level maybe we can talk about the wealth disparity
Nothing is stopping them from doing the former
Nothing is stopping them from doing the former
Posted on 1/12/23 at 4:43 pm to djmed
The only reparations we seriously need to consider is physically reparating them back to Africa, if they don't like it here and can't get their collective shite together soon.
This post was edited on 1/12/23 at 4:50 pm
Posted on 1/12/23 at 4:43 pm to djmed
Already spent $22 trillion in pseudo-reparations.
https://www.heritage.org/poverty-and-inequality/report/the-war-poverty-after-50-years
quote:
In his January 1964 State of the Union address, President Lyndon Johnson proclaimed, “This administration today, here and now, declares unconditional war on poverty in America.” In the 50 years since that time, U.S. taxpayers have spent over $22 trillion on anti-poverty programs.
https://www.heritage.org/poverty-and-inequality/report/the-war-poverty-after-50-years
Posted on 1/12/23 at 4:44 pm to Dawgfanman
Agree totally, this cannot be allowed to happen. It would be devastating to the economy and the country.
Posted on 1/12/23 at 4:47 pm to djmed
How does "second-class citizenship" produce this:
Posted on 1/12/23 at 4:50 pm to djmed
LOL give 'em 14 trillion and they will demand 15 trillion
Posted on 1/12/23 at 4:50 pm to Revelator
How much has been wasted educating young blacks who are shot dead by other young blacks before they become working members of any society?
Posted on 1/12/23 at 4:51 pm to djmed
This guy calls himself an economist?
A true reparations estimate results in a negative number.
Posted on 1/12/23 at 4:53 pm to POTUS2024
With all of the affirmative action and preference on skin color, if you can't make something of yourself today, you are never going to make it no matter how much money is thrown your way.
Posted on 1/12/23 at 4:54 pm to djmed
240k per Black individual. Seems legit.
Posted on 1/12/23 at 4:54 pm to djmed
quote:
and ‘could finally lead to closure,’
Uh, no. Won't lead to "closure."
Posted on 1/12/23 at 4:55 pm to Auburn1968
quote:
Already spent $22 trillion in pseudo-reparations.
Most of which has gone to poor whites
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