Posted on 07/13/2020 2:32:18 PM PDT by rxsid
Mayors back reparations that could cost $6.2 quadrillion, or $151M per descendant"
The nation’s mayors on Monday backed a national call for reparations to 41 million black people, a program that could cost taxpayers $6.2 quadrillion.
The U.S. Conference of Mayors released a letter backing a Democratic plan to form a reparations commission to come up with a payment for slavery.
“We recognize and support your legislation as a concrete first step in our larger reckoning as a nation, and a next step to guide the actions of both federal and local leaders who have promised to do better by our black residents,” said the letter from Conference President Greg Fischer, mayor of Louisville.
Sen. Cory Booker and Rep. Sheila Jackson Lee have introduced legislation to create a commission, the Commission to Study and Develop Reparation Proposals for African-Americans Act
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A new study from three college professors said that the ultimate cost could be $6.2 quadrillion. Quadrillion comes after trillion, and one quadrillion has 15 zeros.
The study suggests a payment of $151 million each, and the cost to every person would be $18.96 million.
The calculation is somewhat complicated, but it essentially studies the unpaid hours slaves worked, calculates a price for massacres and discrimination, and adds in interest. It is titled "Wealth Implications of Slavery and Racial Discrimination for African American Descendants of the Enslaved." It was published last month in the the Review of Black Political Economy.
The authors concluded, “We argue that the U.S. government should have paid reparations for enslavement and de jure racial discrimination because the ratification of the 5th Amendment in 1791. Article IV, Section 2, of the Constitution established not only slavery but also the personhood of the enslaved, and the 5th Amendment applies to all persons. Had these reparations been paid, they would have had intergenerational wealth implications for African American descendants living today.”
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My mind is playing tricks on me... I truly could have sworn that said “Babylon Bee” and not Washington Examiner.
Is that all?
Seems reasonable to me...../
Wee need to do this. To pay for it we need to tax rich liberals. The media, lawyers and professionals, Silicon Valley, Hollywood etc. They need to be the ones to pay for it. I think we can think of more taxes that could be piled on them as well.
Did the report say how the money would be paid?
Jessie Jackson’s a piker compared to this shake down racket.
How many of those mayors will benefit from this extortion?
The US ended slavery.
It owes nobody anything.
Or the blacks can pay reparations to the decendents of the whites from the Union who died in the Civil War.
Whatever happened to 40 acres and a mule?
It sounds like they are encouraging Civil War II.
That will be just the first down payment.
I support this but only if democrats pay it as they are the ones who owned slaves, and keep taxes paid by Republicans out of it.
They’ll have to prove lineage first. Just because they’re black doesn’t mean anything. The money, if any, should go to those who were enslaved, not to their third or fourth generational descendants.
They can get it from the black tribe Africans who first sold them into slavery
Reparations are basically workplace laws ... ex post facto work place laws. Ex post facto laws violate the Constitution.
Even if there were still living Americans who had owned slaves and still living former slaves they would simply not be in arrears to their former slaves.
As for those who never owned slaves and those who were never slaves, the Constitution forbids working corruptions of blood and beyond that the Word of God — the Hebrew Scriptures which Christians use too — expressly forbids as part of the moral Law (distinct from ceremonial or merely civil commandments) punishing sons for the things their fathers did.
We're done here.
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