Posted on 08/16/2020 11:33:20 AM PDT by Steve1999
A leading U.S. economist has called for every black household in American to receive $800,000 in reparations.Duke University economist William Darity Jr. has co-authored a report proposing $12 trillion in reparations for African-Americans whose distant ancestors were enslaved.
(Excerpt) Read more at nnettle.com ...
Not. A. Dime.
Dayum. I need to find me a black woman to marry
Wonder if my wife would mind
I wonder what the race-baiting economist would say to Germany about the over 6 million Jewish Slaves of which most were murdered and what their families should get?
Can we also next go down the list of Indian Tribes who set upon and murdered each other in many battles and wars here in the USA prior to us becoming a nation but somehow only our involvement should be paid for?
This would have no end and without question the 800K per person would still not settle it for the left....they need racism to continue to get power.
Blogpimp uses FR as personal click farm for click bait blog using articles he doesn’t even write. Fortunately, there is a remedy for that.
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Economist Calls for $800,000 in Reparations for Every Black Household in America
Duke University economist William Darity Jr. proposes $12 trillion fund
By: Jay Greenberg |@NeonNettle on 16th August 2020 @ 4.00pm
economist william darity jr argues that every black household should get 800k
© press
Economist William Darity Jr. argues that every black household should get $800k
News Thud
A leading U.S. economist has called for every black household in American to receive $800,000 in reparations.
Duke University economist William Darity Jr. has co-authored a report proposing $12 trillion in reparations for African-Americans whose distant ancestors were enslaved.
The figure which works out at approximately $800,000 per black household.
Darity Jr. and his wife Kirsten Mullen co-authored the report for The Roosevelt Institute, which argues that the Trump Administration is “culpable” and “must pay the debt.”
“[The] US government—the culpable party—must pay the debt,” the report proclaims.
“Ultimately, respect for black Americans as people and as citizens—and acknowledgment, redress, and closure for the history and financial hardship they have endured—requires monetary compensation.”
the call comes amid nationwide black lives matter rioting and looting
© press
The call comes amid nationwide Black Lives Matter rioting and looting
The proposal has been criticized by conservative and libertarian economic experts, who say it would greatly damage the US economy and future economic growth.
“Our national debt is already now up to around $26-27 trillion given the money we’re spending on COVID,” said Cato Institute fellow Michael Tanner.
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“And we’re losing more money because we’re not picking up the revenue because economic growth is so slow right now.
“This hardly seems the time to burden the economy with more debt, more taxes.
“Essentially what you want to do is stimulate economic growth for all our benefits.”
william darity jr says the trump administration is culpable and must pay the debt
© press
William Darity Jr. says the Trump Administration is ‘culpable’ and ‘must pay the debt’
The economics aside, leading African-American political figures, including Housing and Urban Development (HUD) Secretary Ben Carson, have cast doubt over the feasibility of reparations, according to Breitbart.
“What I would say about reparations is, you know, show me a mechanism that works,” Carson challenged interviewer Jericka Duncan when asked about the concept in December 2019.
“You know, I did my DNA analysis. OK. I’m 77% sub-Saharan African, 20% European, 3% Asian. So how do you proportion that out to everybody?”
“Proportionately, you’re not going to be able to figure it out. And where do you stop it? It’s unworkable,” he added.
“I would much rather concentrate on how do we provide the opportunities for people to get into a better economic situation now.”
Nonetheless, the Burlington City Council voted unanimously on Monday to launch a task force to study reparations for residents.
Last month, a “racial equity” task force commissioned by the city of Durham, North Carolina, issued a report recommending the creation of a reparations fund to address “systemic racism.”
Time to increase my investments in bling and spinny rims
For the vast majority, the $$ would be gone within 5 years. Then they would claim that they were (somehow) swindled out of it.
If they can find the slave owners, I’m all for it.
Let idiots like this go back to Africa. Tell us how great it is.
Agree. I was around great black men in war and construction who would call this guy a joke.
We are trillions in debt, and; only Andrew Jackson every had our debt to zero. Yes he had slaves. Guess he was another jerk and not a great American.
Offer every black 10K and a ticket to Africa and America’s problems are resolved. And cheaply at that.
I think you have as good a case to get reparations from the families of the freed slaves as their descendants have from getting reparations from whites now. After all, they got their current freedom and wealth as a direct result of your ancestors sacrifice.
Reparations is a tree with a rope.
This negro economist belongs in front of a firing squad. As for reparations a one way permanent ticket back to ancestral homelands is ok by me.
Muhammad had slaves.
In 1860, the average cost for an enslaved person was $800.00. At today’s rate of inflation that is about $25,000.00
I might be good with that amount given to anyone who can PROVE they are a descendant of a slave, BUT that ends it, no more welfare, no affirmative action, no set asides. The debt is paid in full!
“BUT that ends it,”
That never ends it. Never. There will always be their hand out demanding more. Appeasement never works. We need to stop ALL welfare payments and make them feed themselves.
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