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Posted on 10/14/2026 11:42:01 AM PDT by Bullish
‘Racial wealth gap’ – the catch-all phrase that would serve to justify anything the committees wanted
When I read that “New California reparations law requires companies to disclose past profits from slavery,” I thought it was a joke. I’ve covered California Democrat’s years-long attempts to pass legislation to authorize reparations. In June, I reported “DOJ Case Applies to California: Reparations Program is Discriminatory and Illegal.”
I thought once again, reparations in California is so stupid and factually ignorant – California wasn’t a slave state. Slavery has existed on every inhabited continent for at least 4,000 years of recorded history. And humans have enslaved other humans for thousands of years: Europeans enslaved Europeans; Asians enslaved Asians; Africans enslaved Africans; and Native Americans enslaved Native Americans.
Reparations are just a government approved shakedown of taxpayers and wealth redistribution.
Yet on September 30, 2026, California Governor Gavin Newsom signed Assembly Bill 2599 by Assemblyman Issac Bryan (D-Ladera Heights), titled the “Truth in Disclosure Act,” the bill being touted as the “first-in-the-nation law requiring large companies to disclose historical ties to chattel slavery.”
Here is what AB 2599 does:
It applies to businesses doing business in California with more than $100 million in annual worldwide gross receipts that existed (or had a predecessor entity) on or before December 31, 1964. Covered companies must search their records and submit sworn affidavits (under penalty of perjury) detailing any involvement by the company or related entities in buying/selling enslaved people, using them as loan collateral, providing related loans or insurance, or similar transactions. The California Civil Rights Department is to create a public, searchable digital database of the disclosures. First filings are due by January 15, 2029 (or later if the platform is not ready), contingent on legislative appropriation for implementation. The bill was a priority of the California Legislative Black Caucus, authored by Assemblymember Isaac Bryan, and is framed by supporters as advancing corporate accountability and transparency as part of broader reparations efforts.
Newsom has described it as requiring searches for ties “going back to 1849,” including insurance policies on enslaved people and their use as collateral) and making the results public, stating that “accountability… starts with the truth.”
Imagine the records search these long-time businesses must engage in, having had no involvement with or ties to any slavery more than six decades ago.
Last year, there were 16 reparations bills active in the legislature. One of the bills, AB 57, titled “California Dream for All Program” for descendants of formerly enslaved people, proposed to give at least 10% of funds from California Housing Finance Agency’s home purchase assistance program to qualified individuals who are descendants of formerly enslaved people.
AB 57 was vetoed by Governor Newsom.
Notably, Democrats blocked a bill in 2025 to make purchasing sex from 16-17-year-olds a felony, but approved that ridiculous reparations bill.
The Globe has been saying for several years now that the stupid people are in charge of everything in California, and Democrats prove it beyond a shadow of a doubt with the bills they support and reject.
Democrats also prove that they will say and do anything for money, because no actual human with a soul could advocate for policies that harm children the way purschasing sex from teenagers does.
In 2024, almost no reparations bills were passed – nothing of consequence, anyway.
In a recent podcast on “This is Gavin Newsom,” the Governor interviews Bryan Stevenson, the founder of the Equal Justice Initiative, discussing “How DEI Failed, and Can We Fix America’s Racial Legacy?”
“This is a bill that requires large companies that operated before 1965 to search their records for ties to slavery going back to 1849 and then we make it public. These are insurance policies on enslaved people. Human beings used as collateral, quite literally as collateral for loans. Accountability, as Bryan said, starts with the truth,” Newsom said.
California lawmakers have been trying to pass reparations of any kind. The Legislative Black Caucus claims reparations are about “its push for justice and equality.” Thus far, they’ve only been able to pass rather minor bills, authorizing analyses of methodologies for determining an individual’s descendancy, illegally collecting and storing demographic information gathered separately from employees’ personnel records – likely a violation of Proposition 209, the California Civil Rights Initiative, which is a ban on affirmative action. Prop 209 was passed by California voters in 1996, and prohibits discrimination or preferential treatment by the state, public universities, public employment, or other public entities, and banned affirmative action policies.
Nearly all reparations bills would violate Prop 209.
This latest bill actually builds on earlier reparations attempts and baby steps approved:
In 2020, Newsom signed legislation creating the California Reparations Task Force, following the death of George Floyd. Its 2023 report made extensive recommendations; estimates of potential costs for various harms have run into the hundreds of billions.
In 2024, Newsom signed bills including a formal state apology for California’s historical role in perpetuating slavery and its legacy, AB 3089, plus other priority measures from the Legislative Black Caucus.
In October 2025, Newsom signed SB 518, creating the Bureau for Descendants of American Slavery, under the state’s Civil Rights Department, to help administer potential programs, handle genealogy and verification, education, and related functions.
He also signed SB 437, providing up to $6 million for California State University research on verifying descendant status. At the same time, he vetoed several other related bills (including ones for college admissions preferences, eminent domain restitution processes, home loan set-asides, and tax exemptions for future reparations payments), citing fiscal concerns, legal risks, and other issues.
It’s death by a thousand cuts.
As the Globe has repeatedly reported, California entered the Union in 1850 as a free state and never legalized “chattel slavery.”
Direct cash payments have not been enacted – yet. Gov. Newsom has consistently taken a cautious approach to high-cost or direct financial restitution measures while approving agency-creation, disclosure, study, and symbolic bills, which is what makes this bill feel more like a backdoor approval of reparations.
Notably, in June, “the U.S. Department of Justice’s Civil Rights Division moved to intervene in a lawsuit challenging a program by the City of Evanston, Illinois, that distributes cash payments and financial assistance for housing solely to black persons, and their descendants, and not to similarly situated persons of other races,” the U.S. Department of Justice announced. “The United States’ proposed complaint in intervention alleges that the city’s actions violate the Equal Protection Cause of the Fourteenth Amendment and the Fair Housing Act.”
“Under the pretext of paying reparations for events more than 100 years ago, the City of Evanston has chosen to distribute millions of dollars in cash and housing benefits to people because of the color of their skin or the color of the skin of their parents, grandparents, or great grandparents,” said Assistant Attorney General Harmeet K. Dhillon. “There are sound ways for a city to remedy past discrimination or direct resources to its most vulnerable citizens and neighborhoods. Simply handing out money based on race, however, is not the answer. It is race discrimination, pure and simple. And it is illegal.”
Expect to see similar actions if actual reparations payments of any kind are approved in California.
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And the people (tax payers) of CA will be taxed to pay for it.
I ain't sayin', just sayin'.. d;^)
We all have a line that cannot be crossed.
Mine is reparations.
Keir Starmer(UK) ,Andy Burnham(UK), Carney(Canada) , Ursula von der Leyen(EU) and Newsom all destroying what’s around them or are they working together ? LOL
The goal is to collapse the state of Cali, which will prompt a federal government bailout of the state of California.
This will cause slavery reparations to be paid and Congress will not have to have ever directly voted on it.
Okay, 1st thing: this bill effectively covers only (a) $100 million+ revenue corporations; (b) those same entities in existence before 1965 (though I have to wonder if that's stated in another law, for it's not in the text of this bill). That does limit things quite a bit... probably more than the writers of this nonsense intended.
Second: any company not in existence prior to 1865 can almost certainly claim to be in the clear, since slavery did not exist after that year.
That likely wipes out 99.99% of all companies -- never mind the $100 million requirement overlapping this. In fact, that also excludes the hated oil industry. About the only sectors that might still stand would be banking and insurance (by my own reckoning).
Third: the law requires reporting, but makes no effort to address compensation... though yeah, that would be 'step 2' once the state knows who to go after.
My suspicion? After all of the legal challenges, they will end up with an unsatisfying report from maybe just 2 or 3 companies.
Well the Spanish did enslave native Americans there for a time. They should take their case to Spain. Their the only ones stupid enough to pay it.
So that leaves out all the big Silicon Valley companies that employ hundreds of thousands of people. Why did they choose that date? They never choose dates that are insignificant.
“They” wont be satisfied until you are dead and they have your stuff.
Just think..it’s been some time, but California used to be a great place to live. As a youngster, we lived in Santa Monica, but I remember it & it was very good then.
Stay away from Sneaky back doors
I could be wrong, but I harbor a suspicion that Little Gavie is experienced with “backdoor ways”.
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>>And the people (tax payers) of CA will be taxed to pay for it.
until the Rats are in charge again. Then there will be demands for yet another bailout.
98% of the CA companies didn’t exist during the Civil War.
Silicon Valley didn’t even exist until the mid 60’s.
Hollywood didn’t even exist until the 30’s.
Not sure who they are targeting to get all this cash.
You’d be hard pressed to find a more corrupt governor anywhere in the US.
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Well, there are some other awful ones like Tim Walz, Katie Hobbs, Kathy Hochul, etc., but Newsom is in the top 5. And he will likely run for President in 2028!!! Imagine him running the country!
If you want to fix the racial divide. Pay the families that lost ancestors fighting and dying to free the slaves.
And make the Democrats pay for it.
"All" except all those without sufficient melanin who will pay those do have lots of melanin. So the "California Dream" is now taxation theft to hand money to the undeserving.
“Wealth” is nothing more than money you saved/invested instead of spending on Escalades, bling and hoes.
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