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Slavery Reparations Could Cost Up to $14 Trillion, According to New Calculation
Newsweek ^ | August 19, 2015 | Douglas Main

Posted on 08/20/2015 2:38:36 AM PDT by 2ndDivisionVet

In 1865, toward the end of the Civil War, Union Army General William Tecumseh Sherman promised slaves that they’d receive 40 acres and a mule. Land was even set aside, but the promise was recanted by President Andrew Johnson. Ever since, the issue of reparations has come up many times, often fiercely debated. Although most Americans generally don’t support reparations, according to University of Connecticut researcher Thomas Craemer, it matters greatly how the question is worded, who would get reparations and in what form. For example, the idea of reparations paid in educational benefits are more popular than others, Craemer says.

On the other hand, one of the cases often made against reparations is that it'd be impractically difficult to calculate how to fairly take and give so many years after the fact. But in a new paper, published in the journal Social Science Quarterly, Craemer makes the case that there are other examples of historical reparations paid many decades later after “damages” were incurred. He also has come up with what he says is the most economically sound estimate to date of what reparations could cost: between $5.9 trillion and $14.2 trillion.

Craemer came up with those figures by tabulating how many hours all slaves—men, women and children—worked in the United States from when the country was officially established in 1776 until 1865, when slavery was officially abolished. He multiplied the amount of time they worked by average wage prices at the time, and then a compounding interest rate of 3 percent per year (more than making up for inflation). There is a range because the amount of time worked isn’t a hard figure....

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


TOPICS: Business/Economy; Crime/Corruption; Government; Politics/Elections
KEYWORDS: blacks; civilwar; reparations; slavery
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To: Jarhead9297

You’re right; they’ve been paid already. The fact that they squander it means nothing to me; the “new Americans” (Hispanics & Asians replacing the disappearing Anglos) might balk at these payments.

I want people to start talking about re-instituting slavery, since we’re listening to fools discuss reparations openly; maybe then they’ll shut up and appreciate what we already give them for free (and have been giving for 50 years).


21 posted on 08/20/2015 3:23:02 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: NorthMountain

Just say NO and see what happens. NOTHING will happen!


22 posted on 08/20/2015 3:23:23 AM PDT by Biggirl ("One Lord, one faith, one baptism" - Ephesians 4:5)
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To: 2ndDivisionVet

50 years of welfare, affirmative action, and set asides are their reparations.


23 posted on 08/20/2015 3:25:55 AM PDT by Bryanw92 (Sic semper tyrannis)
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To: 2ndDivisionVet
"In 1865, toward the end of the Civil War, Union Army General William Tecumseh Sherman promised slaves that they’d receive 40 acres and a mule"

Since when do army generals have the ability to authorize spending tax dollars

24 posted on 08/20/2015 3:28:50 AM PDT by Mr. K (If it is HilLIARy -vs- Jeb! then I am writing-in Palin/Cruz)
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To: 2ndDivisionVet

Subtract the trillions in transfer payments made over the years.... Hey, they owe me!


25 posted on 08/20/2015 3:29:08 AM PDT by P.O.E. (Pray for America)
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To: 2ndDivisionVet

I wonder if he subtracted the price of freedom in his calculations


26 posted on 08/20/2015 3:29:14 AM PDT by teeman8r (Armageddon won't be pretty, but it's not like it's the end of the world.)
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To: 2ndDivisionVet

I think the Romans should be made to pay for the pillage and conquering of Gaul.


27 posted on 08/20/2015 3:31:17 AM PDT by glorgau
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To: 2ndDivisionVet

Okay. Just pay the fare for the transit from Africa, plus interest, subtract what we have already spent on the War on Poverty for blacks (total for WOP 22 Trillion in inflation adjusted 2012 dollars). Subtract cost of Civil War (75 Billion in 2008 dollars) and we’ll talk.


28 posted on 08/20/2015 3:31:37 AM PDT by Kozak (Walker / Cruz 2016 or Cruz/ Walker 2016 Either one is good...)
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To: 2ndDivisionVet

Eff ‘em. I’m no my great grandfather and back and I’ve already paid enough taxes in working an extra 8-10 hours a week evry week for over 35 years so at least 3 of their generaions could sit on their fat a$$e$ and collect welfare and Obamaphones.plus. This is stupid self entitled BS. It has nothing to do with righting any wrongs. Hell most of the slaves didn’t want o leave their master’s employ because they didn’t have a place to go and had actually become like family. Those were different times. We have no real understanding and they don’t either. They just want another handout because they’ve been emboldened by a lawless racial agitator who likes ti stir up racial tensions every chance he gets for his slaveowner.


29 posted on 08/20/2015 3:37:25 AM PDT by jsanders2001
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To: jacknhoo

> The reparations should be in the form of a waiver on paying income taxes for ten years.

I see what you did there givennthe fact that most probably don’t anyway.


30 posted on 08/20/2015 3:40:03 AM PDT by jsanders2001
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To: 2ndDivisionVet

Agreed. Since it’s never going to happen then calculating reparations is just a waste of time.


31 posted on 08/20/2015 3:41:49 AM PDT by DoodleDawg
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To: 2ndDivisionVet

Since slavery is the involuntary making someone work for the profit of others I want my reparations. Since the great society I have been forced to pay for others thru a portion of my labor being taken by force of law. I’d be willing to accept 30% of my taxes returned with interest from the last 50 years. This money could come from the current budgets of all redistribution programs in effect and retirement funds from the politicians that fostered this illegal system upon me. It is only fair.


32 posted on 08/20/2015 3:45:40 AM PDT by shoff (Vote Democratic it beats thinking!)
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To: Bryanw92
50 years of welfare, affirmative action, and set asides are their reparations.

Plus...

The Price in Blood
Casualties in the Civil War

At least 618,000 Americans died in the Civil War, and some experts say the toll reached 700,000.

The number that is most often quoted is 620,000. At any rate, these casualties exceed the nation’s loss in all its other wars, from the Revolution through Vietnam.

The Union armies had from 2,500,000 to 2,750,000 men. Their losses, by the best estimates:
Battle deaths: 110,070
Disease, etc: 250,152
Total 360,222

The Confederate strength, known less accurately because of missing records, was from 750,000 to 1,250,000. Its estimated losses:
Battle deaths: 94,000
Disease, etc: 164,000
Total: 258,000

http://civilwarhome.com/casualties.htm

33 posted on 08/20/2015 3:45:44 AM PDT by ETL (ALL (most?) of the Obama-commie connections at my FR Home page: http://www.freerepublic.com/~etl/)
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To: 2ndDivisionVet
I agree with reparations. My Irish, Dutch, German, Scot, and English ancestors all had to pay their way to America, then earn their pay for lodging and the food they put on the table.

The Africans got a free trip to America, plus free room and board for about the first 250 years of North American colonization (that it included grinding, dehumanizing slavery is beside the point). Black Americans STILL OWE US!

34 posted on 08/20/2015 3:46:35 AM PDT by MuttTheHoople (Yes, Liberals, I question your patriotism)
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To: 2ndDivisionVet

Vicksburg National Cemetery.

This is more than most deserve.

35 posted on 08/20/2015 3:47:00 AM PDT by Islander7 (There is no septic system so vile, so filthy, the left won't drink from to further their agenda)
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To: 2ndDivisionVet

I support reparations for any living person who was a slave in the 1860’s.

No one else.


36 posted on 08/20/2015 3:51:24 AM PDT by Dead Corpse (A Psalm in napalm...)
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To: 2ndDivisionVet

Now multiply that by the number of slaves owned by the current population of the country. Let’s see, carry the one, there you have it. A big fat zero!

Oh and since we have done reparations, no more need for EBT!


37 posted on 08/20/2015 3:55:00 AM PDT by joshua c (Please dont feed the liberals)
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To: 2ndDivisionVet
Just another smoke screen for a group too lazy or too cowardly to steal for themselves so they want the government to do it for them.

Welfare recipients - people who are too lazy to steal.

38 posted on 08/20/2015 3:55:07 AM PDT by from occupied ga (Your government is your most dangerous enemy)
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To: 2ndDivisionVet

Why is anyone even discussing this nonsense? How about we settle on first class transportation back to the african country of choice, and $1,000 in return for full renunciation of US citizenship? That would make both continents better.


39 posted on 08/20/2015 3:58:46 AM PDT by Brooklyn Attitude (Things are only going to get worse.)
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To: NorthMountain

Perhaps that the bill is worth more as toilet paper than as currency...?


40 posted on 08/20/2015 4:12:46 AM PDT by snuffy smiff (Socialism is the philosophy of failure, the creed of ignorance, and the gospel of envy.)
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