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

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[quote=Anonymous]Rather than reparations, which have the tenor of simply compensating someone financially for a past wrong in return for future release of all claim- for example, the Saudi settlement with the families of 9/11 victims, I prose the creation of a sovereign wealth fund

The idea is that AA deserve to have some stake in the wealth of this country because their unpaid labor made America financiallly a viable country for hundreds of years, correct ? And that further, AA as a group disproportionately lack inherited wealth, correct ?

So, to me it seems that rather than diffuse the value of any financial re-allocation of wealth by say mailing every AA 1million dollars or something, the majority of which would just get plowed back into the consumer economy, why not instead create a permanent sovereign wealth fund and keep it going in perpetuity?

That is to say, real power and respect is confered on those who wield substantial economic power and resources ( KSA/ OPEC being another example of what Arabs have achieved despite that our cultures are in opposition in many ways )

So, the end of discrimination against AA could come if they were to be a coveted group with tremendous economic assets and power

I would say some good economists could figure out what portion of US GDP in the last year before outbreak of civil war was due to unpaid black labor and that percentage would, going forward, be the amount in today’s dollars of course that was set aside from USA GDP into the sovereign fund .

That fund would be invested by the cream of crop of money managers of world finance and , of course, be insured .

A board made up of AA economists, ethicists, scientists and the like would then allocate those funds to the service of AA including lobbying

Think APAIC on steroids

That would go a long way toward ending the disrespect, the dismissiveness, the lack of a real seat at the table

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