https://www.dailymail.co.uk/news/article-11641737/San-Frans-reparations-committee-proposes-5-million-black-longtime-resident.html
San Francisco's reparations committee will propose paying $5million to each longtime black resident of the city in a reparations plan this spring.
To qualify, people need to have identified as black on public records for at least 10 years and be at least 18 years old. They also must qualify for two of a number of requirements, including having been born in the city or migrated to it between 1940 and 1996 and then lived there for 13 years.
It is unclear exactly how many people would qualify should the proposal pass, but if just 10,000 people qualified it would cost at least $50billion.
The proposal will be submitted to Mayor London Breed and the San Francisco Board of Supervisors and the San Francisco Human Rights Commission in June. Board President Aaron Peskin told the San Francisco Chronicle he hopes the proposal will pass.
The proposal also offers a number of other requirements to be handed out to qualifiers, including the creation of a 'comprehensive debt forgiveness program' which would eliminate credit card and other debts, along with student and housing loans.
The proposal also says qualifying low-income households should have their income supplemented to match the city's median income - $97,000 in 2022 - for the next 250 years.
'Racial disparities across all metrics have led to a significant racial wealth gap in the City of San Francisco,' the draft states.
'By elevating income to match AMI, Black people can better afford housing and achieve a better quality of life.'
A number of other proposals include investment in San Francisco's black community, financial education, legal protections of people's reparations, tax credits, and black-owned banks being brought in to manage people's money.
The proposal also says San Francisco 'issue a formal apology for past harms, and commit to making substantial ongoing, systemic and programmatic investments in Black communities to address historical harms.'