Way too confusing.
How about this for an idea:
Let's take absolutely everything away from anyone in America who has ever owned a slave. Then split it equally among all of those in America who have ever been a slave.
Here is another variation what we should do, call it "prooving em wrong":
Everyone in the USA will be entitled to One Million dollars, man woman and child. If you have more then a million, then you give, if you have less, you receive ( Bill Gates alone could take care of the state of Washington). Then we end welfare, we end unemployment. We end all government hand outs.
And what will happen?
In about two to three years, those who were poor, most will be poor again. Those who had millions, will again have millions. Those who despise wealth, will have lost theirs and be rioting in the streets.
That makes some sense, and sounds pretty just. I think most people could accept your proposal.