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=Anonymous][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]
Yes, and I expressed my support for something like that, though not in every detail.

The problem though is that it's just you.  The national discussion and this thread mostly assumes cash payments, at.least in part.

Biden said he would study reparations.  My personal view is that he will end up with a bunch of anti-poverty programs that don't include cash payments.[/quote]

Personally, my priorities are effective programs to help provide equal opportunities for education and homeownership. Changes to education to better capture the true history of white supremacy in the US as well as reduce implicit bias. As well as a formal apology.

[/quote]

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