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

[Dashinka 24,492]

Ahh, we are fixating on the wrong information according to the “smart” people behind this.

 

California's reparations task force complains $800 billion figure is 'LEAST IMPORTANT' aspect of program - and slams media for reporting it
 

https://www.dailymail.co.uk/news/article-11967489/Californias-reparations-task-force-complains-800B-figure-suggesting-dominates-headlines.html

[Mike E 11,739]

I actually agree. The least important aspect is the $800B.

 

The only important aspect is whether reparations are owed.

 

At the time slaves were freed, reparations should have been paid to people who were slaves. 
 

Average wage for a laborer was $6 / week. Figure 30 years of unpaid labor. Works out to $8000 that should have been paid out. 

Those people are dead. A handful are around whose parents were slaves (e.g. a man age 10 in 1860, sires a daughter at age 60 in 1920. That  woman is 103 today).
 

There are about 100,000 people aged 100+ in the U.S. so figure 10,000 black centenarians alive today. $8000 in year 1860 dollars is $290,000 in year 2023 dollars. $2.9B year 2023 dollars. I am tired of this issue. Just pay it. 

That will not mollify the mob. 

4,000,000 slaves in 1860. That works out to $28B in year 1860 dollars or $1T in year 2023 dollars. 
 

About 48M black people in the U.S.
 

Again I am tired of this issue. So I  am actually ok with paying out an average of $20,000 to every black person in this country. I would structure it this way:

 

* Congress provides a $1T reparation tax credit. It is easy: it is just a number.

 

* Every person claiming to be black is given 1 year to make a claim.

 

* At the end of the year number of claims are divided into $1T

 

* Each claimant filing a tax return gets to claim their reparation credit as a tax credit. 
 

* The credit is for life and unused credits pass to next tax year and ultimately to heirs.

 

* Once the $20,000 is used up, it is over.

[Boiler 45,482]

So would other Marginalized Communities, like for example the Welsh, also get 1Tn to divvy up amongst them?

[Mike E 11,739]

11 minutes ago, Boiler said:

So would other Marginalized Communities, like for example the Welsh, also get 1Tn to divvy up amongst them?

1. I am not an Englishman so I do not care.  Still I am a commonwealth citizen, so if I happen to be at Heathrow on a layover (the only time I would ever visit the UK) during the national reparation referendum, I will go to the  nearest polling station and vote for this, as is my right, and it would amuse me. https://en.m.wikipedia.org/wiki/Commonwealth_citizen

 

2. Whoosh. “It is just a number”. Tax credits are against tax on taxable income. If  people are marginalized they aren’t working. So £1T costs England nothing. If they suddenly start working, again it costs England nothing and might even be a net gain, since they will be drawing less dole.

 

 

[Boiler 45,482]

This is about US paying reparations, lots of hard rock miners came to the US, quite a few to Colorado.

[Mike E 11,739]

12 minutes ago, Boiler said:

This is about US paying reparations,

Why would the U.S. pay reparations to Welshmen for bad things the English did to them? 

 

Quote

lots of hard rock miners came to the US, quite a few to Colorado.

While I agree that people in Colorado have suffered greatly under the heels of Emperor Polis, their presence there was voluntary.

[Boiler 45,482]

1 minute ago, Mike E said:

Why would the U.S. pay reparations to Welshmen for bad things the English did to them? 

 

While I agree that people in Colorado have suffered greatly under the heels of Emperor Polis, their presence there was voluntary.

How is that different to California?

[Mike E 11,739]

2 minutes ago, Boiler said:

How is that different to California?

While I agree people in California have suffered greatly under the heels of Emperor Newsom, their presence there was voluntary

[Dashinka 24,492]

4 hours ago, Mike E said:

I actually agree. The least important aspect is the $800B.

 

The only important aspect is whether reparations are owed.

 

At the time slaves were freed, reparations should have been paid to people who were slaves. 
 

Average wage for a laborer was $6 / week. Figure 30 years of unpaid labor. Works out to $8000 that should have been paid out. 

Those people are dead. A handful are around whose parents were slaves (e.g. a man age 10 in 1860, sires a daughter at age 60 in 1920. That  woman is 103 today).
 

There are about 100,000 people aged 100+ in the U.S. so figure 10,000 black centenarians alive today. $8000 in year 1860 dollars is $290,000 in year 2023 dollars. $2.9B year 2023 dollars. I am tired of this issue. Just pay it. 

That will not mollify the mob. 

4,000,000 slaves in 1860. That works out to $28B in year 1860 dollars or $1T in year 2023 dollars. 
 

About 48M black people in the U.S.
 

Again I am tired of this issue. So I  am actually ok with paying out an average of $20,000 to every black person in this country. I would structure it this way:

 

* Congress provides a $1T reparation tax credit. It is easy: it is just a number.

 

* Every person claiming to be black is given 1 year to make a claim.

 

* At the end of the year number of claims are divided into $1T

 

* Each claimant filing a tax return gets to claim their reparation credit as a tax credit. 
 

* The credit is for life and unused credits pass to next tax year and ultimately to heirs.

 

* Once the $20,000 is used up, it is over.

So Rachel Dolezal would qualify?

[Mike E 11,739]

32 minutes ago, Dashinka said:

So Rachel Dolezal would qualify?

Sure why not?

 

“Out of Africa”, specifically sub-Saharan Africa, is the scientific consensus for the origin of (edit: good lord, the name of the modern human species is back listed on this site) “H.” sapiens. 
 

Race is a matter of self identification by law. There is no scientific basis for the term “black”.

 
 

 

 

Edited April 13, 2023 by Mike E

[Dashinka 24,492]

4 minutes ago, Mike E said:

Sure why not?

 

“Out of Africa”, specifically sub-Saharan Africa, is the scientific consensus for the origin of <<redacted>> (edit: good lord, the name of the modern human species is back listed on this site) sapiens. 
 

Race is a matter of self identification by law. There is no scientific basis for term “black”.

 
 

 

 

I agree, in effect we are all African.

[TBoneTX 45,273]

6 hours ago, Boiler said:

other Marginalized Communities, like for example the Welsh Central Chimpanzees

Fixxored.

And who could possibly be more African than we?

[TBoneTX 45,273]

7 hours ago, Mike E said:

I am tired of this issue. [...] Again I am tired of this issue

Obviously a racist and a bigot!  Reported!!!!!

[Mike E 11,739]

Just now, TBoneTX said:

Obviously a racist and a bigot!  Reported!!!!!

I will own that. 

 

[Ban Hammer 13,334]

9 hours ago, Boiler said:

So would other Marginalized Communities, like for example the Welsh, also get 1Tn to divvy up amongst them?

what would the welsh do with 1 trillion sheep?