Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

How Reparations Could Happen
Ebony Magazine ^ | September 23, 2014 | Hamilton Nolan

Posted on 10/15/2014 10:52:21 PM PDT by 2ndDivisionVet

Reparations will amount to a transfer of wealth from the more powerful to the more powerless. This is the closest approximation of justice that I would imagine is possible.

We will now engage in some purposely simplified back-of-the-envelope math. Imagine a nationwide, one-time infusion of wealth to those who live at the lower end of America's economic pyramid. Let's take as our starting point that Black households have roughly 60% of the income and 5% of the wealth that White households do. (Hispanic households have just a tiny bit more wealth than Black households. Median household net worth is about $81,000. Average household net worth, which is swelled by the fortunes at the top, is $535,000.) For the sake of argument, let's be exceedingly modest in our goals: let's imagine giving an amount of money that would give the average Black household at least more than half of the wealth of the average White household. We can calculate this very neatly: if Black households have 5% of White net worth now, let's add 50% to that, giving the average Black household 55% the net worth of the average White household, which is something north of $110,000. Sticking with our neat, clean, and modest estimate here, let's round half of that down to $50,000.

Fifty thousand dollars per household. This would be enough in theory to raise the average Black household to at least half of what the average White household has in wealth....

(Excerpt) Read more at ebony.com ...


TOPICS: Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: blacks; economy; reparations; taxes
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101-104 next last
To: fhayek

I’ll be buying up the hair extension industry.


41 posted on 10/16/2014 12:16:06 AM PDT by fwdude (The last time the GOP ran an "extremist," Reagan won 44 states.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Dallas59

He's not even black.

42 posted on 10/16/2014 12:23:43 AM PDT by 2ndDivisionVet (The question isn't who is going to let me; it's who is going to stop me.)
[ Post Reply | Private Reply | To 40 | View Replies]

To: 2ndDivisionVet

Do it. The hilarity in the crime spike of B on B crime would be priceless, if not tragic.

Pay it all in Food Stamps, or Give them a free house in Detroit.


43 posted on 10/16/2014 12:25:44 AM PDT by Usagi_yo (Criticize, marginalize, demonize, criminalize.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Then it’s a useless waste of Internet tubing...;-)


44 posted on 10/16/2014 12:25:54 AM PDT by Dallas59
[ Post Reply | Private Reply | To 42 | View Replies]

To: Veggie Todd
all the more reason to learn how to legally avoid taxes....I suppose they'll still get all they're free stuff like college and health care....

I'd move if I could....

45 posted on 10/16/2014 12:35:58 AM PDT by cherry
[ Post Reply | Private Reply | To 2 | View Replies]

To: Jack Hammer
Nothing shocking here; they’ve been doing the same thing since the Sixties with an endless variety of Leftist scams.

I was just thinking about how it's still the sixties, after fifty years. In the sixties, fifty years ago was WWI, ancient history. Now, we we are still living the sixties of fifty years ago. Depressing.

46 posted on 10/16/2014 12:40:59 AM PDT by dr_lew
[ Post Reply | Private Reply | To 26 | View Replies]

To: Iron Munro

Give them reparations and a one way ticket to Africa for those who want the gravy train.


47 posted on 10/16/2014 1:03:10 AM PDT by ChiMark (America no more)
[ Post Reply | Private Reply | To 8 | View Replies]

To: july4thfreedomfoundation

Reparations for all civil war families is in order, confederate and U.S.


48 posted on 10/16/2014 1:04:47 AM PDT by ChiMark (America no more)
[ Post Reply | Private Reply | To 17 | View Replies]

To: South40

Yep. That is how I see it too.


49 posted on 10/16/2014 1:14:29 AM PDT by jospehm20
[ Post Reply | Private Reply | To 6 | View Replies]

To: 2ndDivisionVet

Not another dime.


50 posted on 10/16/2014 1:14:59 AM PDT by SoFloFreeper
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

God bless him for trying but let me explain human nature:

Win the lotto - blow the lotto. FAST.

Receive an inheritance - blow the inheritance or cling to it so hard in a bank, you die and your kids get it and they blow it - FAST.

It may be justice technically, but it will not help any of these folks.

What we ought do is instead of giving poor people welfare, give them “40 acres and a mule”: give them a profession they can work really hard in, that has a lot of risk, but gives them a chance to pull themselves up in self-respect, succeed or fail, to take on confidently their own future and rear kids similarly. They ought not be fed but worked hard in a field they can self-provide in. If they want a better one, they can go get it.

Nothing is more demeaning that chronic unemployment and dependence on another ethnicity to feed your kids. That’s what’s happening. No wonder they hate whites, feel racism is everywhere. It’s inner shame as well. I would feel the same way; a christian unable to get a job in a muslim country, and having to take welfare checks from Imams to feed my kids. What would my kids think of me, of Christianity? Little. At first I’d be very thankful...

Chronic unemployment: when you’ve been out so long that you’re not even confident you could get (in trying to get) half the job you used to have and were exceptional at.


51 posted on 10/16/2014 1:21:06 AM PDT by If You Want It Fixed - Fix It
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

The “Obamaphone” mentality and free stuff will live in perpetuity . Pitiful, I truly feel sorry for these entitlement junkies.


52 posted on 10/16/2014 1:24:55 AM PDT by catfish1957 (Everything I needed to know about Islam was written on 11 Sep 2001)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet; fhayek
And DUBs! Gots ta put some 30s on da box, yo!


53 posted on 10/16/2014 1:45:55 AM PDT by uglybiker (nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-BATMAN!)
[ Post Reply | Private Reply | To 22 | View Replies]

To: 2ndDivisionVet

If that happens I’m opening a combination Liquor store, Weave store, Cosmetic Dentist and Spinner Rims store because by Wednesday of the week it happens the money will be right back in Whiteys hands....


54 posted on 10/16/2014 2:06:26 AM PDT by Kozak ("It may be dangerous to be America's enemy, but to be America's friend is fatal" Henry Kissinger)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Veggie Todd

My ancestors were emancipated in 1862. Do I get me some cash?
( Should not matter it was the Tsar)


55 posted on 10/16/2014 2:07:40 AM PDT by Kozak ("It may be dangerous to be America's enemy, but to be America's friend is fatal" Henry Kissinger)
[ Post Reply | Private Reply | To 2 | View Replies]

To: metesky

Deal.
50k ONE time, no more welfare.
It would be a bargain....


56 posted on 10/16/2014 2:14:55 AM PDT by Kozak ("It may be dangerous to be America's enemy, but to be America's friend is fatal" Henry Kissinger)
[ Post Reply | Private Reply | To 35 | View Replies]

To: Michael.SF.
...90% of that money would be gone in a year

It would be gone - ALL gone - in less than two weeks.

57 posted on 10/16/2014 2:15:43 AM PDT by John Valentine (Deep in the Heart of Texas)
[ Post Reply | Private Reply | To 11 | View Replies]

To: 2ndDivisionVet
This is the closest approximation of justice

But I'm not 'racist'!

58 posted on 10/16/2014 2:22:42 AM PDT by Altura Ct.
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Since a black man is President, I guess they’ll be ponying up to white people?


59 posted on 10/16/2014 2:23:40 AM PDT by GeronL (Vote for Conservatives not for Republicans)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vince Ferrer

do you really think that would be the end of it?


60 posted on 10/16/2014 2:24:21 AM PDT by GeronL (Vote for Conservatives not for Republicans)
[ Post Reply | Private Reply | To 4 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101-104 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson