Black Californians owed $800bn in reparations for decades of discrimination, say economists

[Boiler 45,445]

https://www.independent.co.uk/news/world/americas/california-reparations-discrimination-housing-policing-b2310139.html

 

Black residents of California could be owed $800bn in reparations for generations of over-policing, disproportionate incarceration and housing discrimination, economists have told a state panel considering compensation payments.

The preliminary estimate is more than 2.5 times larger than the state’s $300bn annual budget.

The recommended figure does not include an additional $1 million suggested per older Black resident for health disparities they may have suffered resulting in the shortening of their average life span.

Nor does the total take into account the prospect of compensating people for property unjustly ceased by the government or Black businesses otherwise devailed, two further harms the Reparations Task Force assigned to look at the problem concluded the state had perpetuated.

 

In their report, the consultants advised the state task force to “err on the side of generosity” and consider a down-payment with more money to come as more evidence becomes available.
“It should be communicated to the public that the substantial initial down-payment is the beginning of a conversation about historical injustices, not the end of it,” they said.

 

I have not been able to find any discussion of reparations to other marginalized groups..

[Dashinka 24,480]

Heck, why not just estimate a cool trillion and simply tax the rich.

[Mike E 11,739]

31 minutes ago, Dashinka said:

Heck, why not just estimate a cool trillion and simply tax the rich.

As a former resident of California,  I support this idea.

 

1. Living in California is a choice.

 

2. The rich have means to leave a state that over taxes

 

3. There are over 1 million millionaires in California.

 

4. Math time: 10^6 * 10^6 = 10^12  = 1 trillion

 

5. So simply extract an average of $1M from each California millionaire, and California can put reparations behind it. 
 

6. 5 percent of Californians are black. This is roughly equal to the number of millionaires in California. When the dust settles, California should have at least 2 million millionaires, more than before.  California can then tax this broader base of wealthy people to make future reparations to other oppressed groups in the future.
 

7. Most California millionaires voted for politicians who support reparations so there is nothing unfair about this.
 

I am really not seeing a problem here.  I expect Oregon, Washingtons (both of them), Illinois, Pennsylvania, New Jersey, New York, Massachusetts, Colorado, New Mexico, Hawaii, Wisconsin, Michigan, Virginia to follow and that is OK. There is plenty of room for millionaires of other states to migrate to before the reparation laws establish a date of registry for repairers to leave or pay.

Edited March 29, 2023 by Mike E

[Boiler 45,445]

1 hour ago, Dashinka said:

Heck, why not just estimate a cool trillion and simply tax the rich.

We can include the Welsh for that amount!

[Dashinka 24,480]

46 minutes ago, Mike E said:

As a former resident of California,  I support this idea.

 

1. Living in California is a choice.

 

2. The rich have means to leave a state that over taxes

 

3. There are over 1 million millionaires in California.

 

4. Math time: 10^6 * 10^6 = 10^12  = 1 trillion

 

5. So simply extract an average of $1M from each California millionaire, and California can put reparations behind it. 
 

6. 5 percent of Californians are black. This is roughly equal to the number of millionaires in California. When the dust settles, California should have at least 2 million millionaires, more than before.  California can then tax this broader base of wealthy people to make future reparations to other oppressed groups in the future.
 

7. Most California millionaires voted for politicians who support reparations so there is nothing unfair about this.
 

I am really not seeing a problem here.  I expect Oregon, Washingtons (both of them), Illinois, Pennsylvania, New Jersey, New York, Massachusetts, Colorado, New Mexico, Hawaii, Wisconsin, Michigan, Virginia to follow and that is OK. There is plenty of room for millionaires of other states to migrate to before the reparation laws establish a date of registry for repairers to leave or pay.

Wealth redistribution, always works.

[Mike E 11,739]

13 minutes ago, Dashinka said:

Wealth redistribution, always works.

It achieves the goals of its advocates: re-election

[Dashinka 24,480]

1 hour ago, Mike E said:

It achieves the goals of its advocates: re-election

And like I mentioned in the other thread, the money will flow back to the folks it was taken from.

[TBoneTX 45,259]

10 hours ago, Mike E said:

1. Living in California is a choice.

11 Great Reasons To Stay In California

 

https://babylonbee.com/news/11-great-reasons-to-stay-in-california

[Boiler 45,445]

 

[Mike E 11,739]

California’s millionaires can afford it. Make it so.

[Dashinka 24,480]

On 3/30/2023 at 1:38 PM, Boiler said:

 

Is the $7.6 million tax free?

[Boiler 45,445]

4 minutes ago, Dashinka said:

Is the $7.6 million tax free?

I think one of the proposals mentioned it not being taxed.

 

It did occur to me that they could pay reparations but make it subject to a very high tax rate, win win. I seem to remember back before my time the UK had a tax rate of 96%.

[TBoneTX 45,259]

I think that a 96% tax on the reparations payments would be quite appropriate.

Withheld upon payment.

Edited April 1, 2023 by TBoneTX

[TBoneTX 45,259]

Biden Administration Considers Using Future Census to Ask Black Americans if They're Descendants of Slaves

 

As San Francisco continues on its path to pay $5 million in "reparations" to black residents of the super-woke city, it should come as no surprise that the Biden administration is asking the public for input about how it might go about differentiating black people who are descendants of slaves from those whose families arrived more recently as immigrants [...]

 

https://redstate.com/mike_miller/2023/03/31/biden-administration-considers-using-future-census-to-ask-black-americans-if-theyre-descendants-of-slaves-n724506

[TBoneTX 45,259]

The stupidest government idea ever

 

https://www.americanthinker.com/blog/2023/04/the_stupidest_government_idea_ever_.html