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
...
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.”
...
This silliness has gotten to point of tickling my funny bone. Let them form a “commission” to study reparations. It will go on for years while trying to figure out who should be paid and who should pay. I am constantly amazed we have such morons in public office. They never think through their idiotic feel-good crap.
$151 million each is beyond ludicrous.
And, of course, the lawyers get their 30% of the cut, and the rest is distributed like a class actions suit where each person ends up seeing about $1.38 each.
AMEN!
$151 million each is beyond ludicrous.
And, of course, the lawyers get their 30% of the cut, and the rest is distributed like a class actions suit where each person ends up seeing about $1.38 each.
And the rest of the money goes to line SOMEONE’s pockets. It just disappears and nobody can figure out where it went.
More dog-whistle for “kill whitey.”
Not on our dime. I’d rather have some sort of secession before I live under socialist/communist/anarchist mob/BLM rule.
This shows us that ‘D’ doesn’t stand for Democrat, but Desperation. The Democrats need the black vote. Hell! THEY NEED every vote they can get to try to defeat DJT, and hold onto the House much less take the Senate. This IMO shows their desperation.
$23 Octillion and not a penny more.
$6.2 quadrillion?
Let me get my checkbook.
I am sure the Asians and Hispanics will be on board to pay this to the blacks.
it’s a smart move. Start with something insane and let it sink in long enough and before you know it 500k each sounds reasonable
we thought that a 7 year old boy deciding what gender he wants to be and getting hormones was INSANE and IMPOSSIBLE at one time
we thought gay marriage was crazy at one time
they took incremental steps
with this one, it makes sense to start with insane numbers
too many people are idiots in this country
anything’s possible
Pay them in Zimbabwe dollars. After all Zimbabwe is in ‘Mother Africa’. In fact, I have an extra $100,000,000,000 note that I’ll donate to pay for the whole program.
First off, not all American blacks are drooling marxists critical race theory zombies.
Secondly, why not ship off progressive whites with progressive blacks? The white ones actually do lots more damage.
Thirdly, do you actually hate any particular African country that much? The closest I can think of would be where Mugabe reigned but realize they’d not stay there but move out like a plague.
Is this in Zimbabwe type inflation dollars ( where we are headed to)
Well, we deduct 170 years of back taxes with interest and the cost of the trip from Africa....
Hell, why stop there? Don’t forget the box of Rice-a-Roni and other lovely parting gifts.
Are these fools insane or just trolling?
Apparently the 40 acres is at downtown Manhattan prices and the mule is now a Nimitz Class aircraft carrier. Inflation I guess.
What about those that are both the descendants of both slave owners and slaves? There were many free blacks in the South who owned black saves. Are any of them also descended for Africans who owned slaves? Does Africa have to foot some of the bill for starting the slave trade?
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.