Report: Slavery reparations proposals could cost US more than $17 trillion

Source: http://www.hideoutnow.com/2019/06/report-slavery-reparations-proposals.html
Published: Jul 3, 2019
Author: Tyler Durden
Post Date: 2019-07-03 11:36:31 by Horse
Views: 366

Reporter Kristin Myers pulled the numbers from various academic and economic studies — tallying up the costs of unpaid wages to slaves, the impact of Jim Crow laws on African Americans, "and current discrimination that black people face in the labor market, health care system, or education and criminal justice systems."

After adjusting the amounts into today's dollars, Myers came up with the eye-popping reparations price tag, noting that "it's unclear how a sum as potentially as large as $17.1 trillion would be financed." She pointed to research conducted by Duke University public policy professor William Darity and UMass Amherst professor Dania Francis, which suggested the funds could be raised "through additional taxes, or by issuing bonds."

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#1: BTP Holdings    To: Horse (#0)

Slavery reparations proposals could cost US more than $17 trillion

Maybe they should include Boy Scouts with rifles standing over the blacks when they were repairing the dikes along the Mississippi that were crumbling. The rifles were so the blacks would not run away. ;)

BTP Holdings posted on 2019-07-03 11:43:02   Reply   Private Reply

#2: Lod    To: Horse (#0)

serious adjustments for reparations already paid must be made ~

In his January 1964 State of the Union address, President Lyndon Johnson proclaimed, “This administration today, here and now, declares unconditional war on poverty in America.” In the 50 years since that time, U.S. taxpayers have spent over $22 trillion on anti-poverty programs. Adjusted for inflation, this spending (which does not include Social Security or Medicare) is three times the cost of all U.S. military wars since the American Revolution. Yet progress against poverty, as measured by the U.S. Census Bureau, has been minimal, and in terms of President Johnson’s main goal of reducing the “causes” rather than the mere “consequences” of poverty, the War on Poverty has failed completely. In fact, a significant portion of the population is now less capable of self-sufficiency than it was when the War on Poverty began.

Lod posted on 2019-07-03 11:58:49   Reply   Private Reply

#3: Horse    To: Lod (#2)

Black illegitimacy was 10% under Eisenhower and 5% for whites. Then they started paying young girls money to get pregnant and now there are very few families among the young.

Horse posted on 2019-07-03 12:22:30   Reply   Private Reply

#4: Darkwing    To: Horse (#0)

When is the US going to pay the German people for their illegal interment during the WW 2, like they did for the Japs

Darkwing posted on 2019-07-03 12:33:46   Reply   Private Reply

#5: Cynicom    To: Lod (#2)

Lod...

The North lost 360,222 WHITE AMERICANS in the Civil War.

That was quite a price to set Africans free.

Cynicom posted on 2019-07-03 12:40:19   Reply   Private Reply

#6: Lod    To: Cynicom (#5)

article on slaves (Abe hated blacks and wanted them gone) in the north.

the war had nothing to do with "freeing the slaves", that was an afterthought.

slavenorth.com/

Lod posted on 2019-07-03 13:01:50   Reply   Private Reply

#7: TommyTheMadArtist    To: Horse (#0)

Goldman and Sachs will likely handle the money and the bond sales. It seems that whenever there is bullshit like this, they always have a hand in it.

Actually there should be no reparations until the Irish get paid.

TommyTheMadArtist posted on 2019-07-03 13:23:38   Reply   Private Reply

#8: BTP Holdings    To: Cynicom, Lod (#5)

That was quite a price to set Africans free.

Lod is right. Slavery was not an issue until Lincoln issued the Emancipation.

The South seceded over State's Rights. ;)

BTP Holdings posted on 2019-07-03 21:09:05   Reply   Private Reply