Reply to It's (finally) time for reparations. It's time for the US to pay its debt.

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[quote=Anonymous][quote]Lady, how much damn money do you want me to pay you?[/quote]

Great question. A congressional study would be the best approach to defining criteria and programs, but here is what I’d like to see done:

First, the US should issue an apology that recognizes the impact of white supremacy in US policies over the last  400 years. Also, update k-12 curriculum to more accurately reflect black history in the US and incorporate programs to reduce implicit bias.

Then, to “atone” for the atrocities, the US government should create a portfolio of investments into black communities (programs to increase homeownership, education, and wealth). The actual impact of white supremacy was trillions of dollars (various estimates range from $2T to $100T+). I’d like to see that paid out over time.

$300B per year over the next 20 years (re-evaluate every 5 years):
- $25B for predominantly black PK-12 districts (that is the current gap in spending) 
- $10B for training programs 
- $10B for community college & HBCU
- $5B for high-quality childcare for those in training/school  
- $75B for business loans/grants
- $75B for homeownership programs, prioritizing people who live in redlined neighborhoods (equity grants to reduce gap in homeownership - 43% vs 73%)
- $80B for personal investments or opportunity accounts - $2k pp per year (median white family has 86x assets as median black)
- $20B for rehabilitation programs for inmates

~40 million Americans would be eligible if criteria is having one enslaved ancestor and identifying as black for the last 10 years.

That still doesn’t cover the current wealth gap of $267k pp, but it’s a great start towards recovery.

My sources:

https://www.vox.com/2014/5/23/5741352/six-times-victims-have-received-reparations-including-four-in-the-us

https://www.latimes.com/opinion/op-ed/la-oe-brooks-reparations-20190423-story.html

https://www.nytimes.com/2019/05/23/business/economy/reparations-slavery.html

https://www.researchgate.net/publication/4791140_Forty_Acres_and_a_Mule_in_the_21st_Century

https://www.vox.com/policy-and-politics/2018/10/22/17999558/cory-booker-baby-bonds

https://www.amazon.com/gp/aw/d/B07XVF3X9D?storeType=ebooks

(I’m typing on my phone - please excuse typos) 
[/quote]

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