You know your idea is what Louis Farrakan has proposed. He said if they can't make it after receiving reparations, then too bad. America owes blacks nothing else but what they give other equal Americans. In essense, he, like you, believes if reparations were given, it will equal the playing field. No more welfare, affirmative action, school vouchers etc...
Not to say I embrace everything that comes from Louis Farrakhan (far from it), but a sum such as $50,000 per household tax-free to *qualified* families can sustain you for a lifetime if invested properly. You don't use it to rush out and buy a Hummer. You use that to make money and live off the money it makes while you still earn a living.
And I would agree that it should end welfare to those people, affirmative action, etc. You're now just an American, period. So stop hyphenating yourself into a victim class and assimilate like the rest of us.