Slavery reparations could carry a $17 trillion price tag

Source: https://finance.yahoo.com/news/40-acres-and-a-mule-reparations-in-2019-190018747.html
Published: Nov 14, 2019
Author: staff
Post Date: 2019-11-14 15:37:17 by Horse
Views: 448

A new bill would calculate potential costs of reparations — and by Yahoo Finance estimates, these could reach as high as $17.1 trillion.

Last week, the House Judiciary Subcommittee on the Constitution, Civil Rights and Civil Liberties held the first hearing in a decade on H.R. 40, the Commission to Study and Develop Reparation Proposals for African-Americans Act. The bill was first introduced in 1989 by former Congressman John Conyers (D-MI). Conyers reintroduced the bill each year until his retirement in 2017 — and each year, the bill languished in Congress.

The bill’s focus was not to pass reparations, but to research the impact slavery had on black Americans and develop proposals for redress. ‘Payments are not the focus of H.R. 40’

The subject of reparations has remained a political hot potato, with presidential candidates Sen. Kamala Harris (D-CA), Sen. Cory Booker (D-NJ), Sen. Elizabeth Warren (D-MA), Beto O’Rourke and Julian Castro supporting some form of reparations. But while the Democratic-controlled House is willing to hear the bill, it seems likely that a bill on reparations will die in the Senate where Republicans have a majority. When asked about the hearing, Senate Majority Leader Mitch McConnell (R-KY) said he opposed the measure, given that “not one of us currently living are responsible” for slavery.

McConnell continued, adding: "We've tried to deal with our original sin of slavery by fighting a civil war, by passing landmark civil rights legislation. We elected an African-American president.”

Rep. Sheila Jackson Lee (D-TX), a sponsor of H.R. 40 — named after the 40 acres and a mule promised to freed slaves — responded to McConnell’s comments in a statement to Yahoo Finance.

“Payments are not the focus of H.R. 40,” the congresswoman said. “Knowledge is the focus of H.R. 40.”

“The Majority Leader may want to deny this bill a hearing, but he cannot deny the horror and the denial of freedom that human bondage represents,” she said. “The Majority Leader can't deny the free labor that slavery brought; he can't deny the people who died in transit; and he can't deny that this is the 400th anniversary of the beginning of the slave trade.” The case for reparations

Activists have been calling for reparations for years, and in 2016, a UN panel declared that the U.S. owed black Americans reparations because of slavery and its link to injustices today in America.

“In particular, the legacy of colonial history, enslavement, racial subordination and segregation, racial terrorism and racial inequality in the United States remains a serious challenge, as there has been no real commitment to reparations and to truth and reconciliation for people of African descent,” the report states.

“Contemporary police killings and the trauma that they create are reminiscent of the past racial terror of lynching. Impunity for State violence has resulted in the current human rights crisis and must be addressed as a matter of urgency.”

H.R. 40 co-sponsor Rep. Ayanna Pressley (D-MA) says that reparations aren’t about “playing victim” or “race baiting”.

“If the best policies are informed by data, the data supports the fact that black Americans continue to be in the bottom of every outcome when it comes to health, education, and economics,” Pressley said in a statement to Yahoo Finance. “So much work remains to be done in order for us to bend the arc of justice to ensure the full freedom for black Americans.”

African-Americans are disproportionately targeted by the criminal justice system, accounting for 33% of the prison population, but only 12% of the adult population in the country. According to Pew Research, this is in comparison to their white counterparts who make up a third of the prison population, but over 60% of the adult population in the U.S.

Washington DC , June 19, 2019, USA: Ta-Nehisi Coates testifies at the House Judiciary Subcommittee on the Constitution, Civil Rights, and Civil Liberties will hold a hearing on H.R. 40, the Commission to Study and Develop Reparation Proposals for African-Americans Act. The purpose of the hearing is to examine, through open and constructive discourse, the legacy of the trans-Atlantic slave trade, its continuing impact on the community and the path to restorative justice. Witness include Senator Cory Brooker, D-NJ; Actor Danny Glover; NFL Super Bowl Champ and author, Burgess Owensand others. Patsy Lynch/Media Punch /IPX View photos


Poster Comment:

presidential candidates Sen. Kamala Harris (D-CA), Sen. Cory Booker (D-NJ), Sen. Elizabeth Warren (D-MA), Beto O’Rourke and Julian Castro supporting some form of reparations.

Post Comment   Private Reply

#1: Darkwing    To: Horse (#0)

All the blacks will line up for the "FREE" money. Prove that you were a slave and you get the money.

Darkwing posted on 2019-11-15 09:43:11   Reply   Private Reply


#2: Dakmar    To: Horse (#0)

Reparations should consist of a 10% Sambo's coupon and a one-way ticket to Africa.

Dakmar posted on 2019-11-15 10:00:15   Reply   Private Reply


#3: NeoconsNailed    To: Horse (#0)

Gliberals are like children whining after mama and da-da always demanding more candy of the priciest type. It's as if their ideas all start with "How can we soak The Man from a new angle?"

But often the 'new' is just tired old nonsense that never made any sense.

NeoconsNailed posted on 2019-11-15 10:17:26   Reply   Private Reply


#4: Horse    To: NeoconsNailed, Dakmar (#3)

The average black family or household gets an annual subsidy of $8,800 per year. Illegal aliens from Mexico is litlle more than $5,000 a year.

Horse posted on 2019-11-15 10:28:48   Reply   Private Reply


#5: NeoconsNailed    To: Horse, HAPPY2BME-4UM, All (#4)

And what do you think of that, Horse?

NeoconsNailed posted on 2019-11-15 11:43:49   Reply   Private Reply


#6: Esso    To: Horse, Dakmar, 4um (#4)

The average black family or household gets an annual subsidy of $8,800 per year.

Hmmm, interesting. I guess, thanks to O'bamaCare, that I'm an average black family now.

Does that make me eligible for my share of the $17,100,000,000,000 pie?

Esso posted on 2019-11-15 12:15:55   Reply   Private Reply


#7: Dakmar    To: Esso (#6)

Maybe you could self identify as a holocaust survivor.

Dakmar posted on 2019-11-15 13:20:33   Reply   Private Reply


#8: NeoconsNailed    To: Dakmar, HAPPY2BME-4UM, All (#2)

The historic G. L. Rockwell document -- enlarge in browser or rotate in word processor for details:

https://www.historyonthenet.com/authentichistory/diversity/african/4- brute/1970s_Boat_Ticket.jpg

Note the cartoon 'Happy merchant' from 16 years before the one that's all the rage now >:-}

NeoconsNailed posted on 2019-11-15 13:25:05   Reply   Private Reply


#9: NeoconsNailed    To: Esso (#6)

You "identify as" a black family, right?

I "identify as" a Wheel of Fortune winner (he him his), but so far it's not working :[

NeoconsNailed posted on 2019-11-15 13:27:12   Reply   Private Reply


#10: StraitGate    To: NeoconsNailed (#9)

I "identify as" a Wheel of Fortune winner (he him his), but so far it's not working :[

Small world. When I was younger, I identified as Vanna White's boyfriend. That didn't work, either.

StraitGate posted on 2019-11-19 21:07:54   Reply   Private Reply


#11: Dakmar    To: StraitGate (#10)

You should sue, or at least get someone fired for mislabling you. :)

Dakmar posted on 2019-11-19 21:10:28   Reply   Private Reply