NAACP Rejects $5 Million Per Person Reparations Proposal

[CreepyMcCreeperson]

You’re a well known Democrat nut guzzling Sambo on this board. Dispose of yourself properly and do our community a favor.

Yes. I a gainfully employed black man married to a gainfully employed black woman, who has never been in trouble with the law, own a home, have a black owned business, support black owned businesses, work with other black professionals, and don’t allow my emotions to cloud my logic am of no use to the community, because I am skeptical the government will give every black person millions of dollars cash. You’re right. Let me go kill myself. But before I do, let me make some PAWG threads, and call people slurs. Then I can really contribute to The Coli.

 

[Fillerguy]

You literally think it would be paid out as a lump sum so yeah I'm going to write off anything further from you as hoe babble.

I'd advise to do so. Nowhere I say this will be paid out in a lump sum. Nor did I insinuate it.

 

[Dafunkdoc_Unlimited]

Better breakdown in this article....

San Francisco slavery reparations idea: $US5 million per black person

What would it take to atone for the centuries of slavery and generations of systemic racism that continue to keep black Americans on the bottom rungs of society?

www.smh.com.au

San Francisco: Payments of $US5 million ($7.5 million) to every eligible black adult, the elimination of personal debt and tax burdens, guaranteed annual incomes of at least $US97,000 for 250 years and homes in San Francisco for just $US1 a family.

​

These are just some of the recommendations made by a city-appointed reparations committee tasked with a thorny question: what would it take to atone for the centuries of US slavery and generations of systemic racism that continue to keep black Americans on the bottom rungs of health, education and economic prosperity, and overrepresented in prisons and homeless populations?

 

[UpNext]

I did the math, that's least 25 billion for the payment alone. I'll be generous and cut it to a 1/3 so its adults only. SF has a budget of 14 billion....

We're supposed to believe SF is going to put up 50% of their yearly budget to pay Black people for existing. In America? and the Fed is going to cover any deficits?

The lawsuits alone will kill this plan.

Bro your numbers just go to show how doable this is over a 25 year period lol.

 

[Voice of Reason]

The cost of reparations


Duke Econ Professor Darity arrived at:


"We calculated that number on the basis of the estimate of the difference in average wealth between Black and white households that’s reported in the 2019 Survey of Consumer Finances, which is the most recent survey that was taken to provide information about household net worth.

We arrived at the figure of $840,900, which is the exact difference between white average household net worth and Black average household net worth. If you multiply that figure across the total number of Black households, that differential — that gives you a figure in the vicinity of $14 trillion."



Give me half of that and I'm cool.


420k so roughly 7 trillion over a 5-10 year period.



That's very realistic.

 

[Voice of Reason]

I did the math, that's least 25 billion for the payment alone. I'll be generous and cut it to a 1/3 so its adults only. SF has a budget of 14 billion....

We're supposed to believe SF is going to put up 50% of their yearly budget to pay Black people for existing. In America? and the Fed is going to cover any deficits?

The lawsuits alone will kill this plan.

Not for "just existing"

 

[Black Mamba]

Its a gesture pr whatever the fukk they call it
Easier to deny if the money isn’t there and its a suggestion only.
If the money was there no way they would or should say no to 5 mill per person lmao

 

[Deus]

So reading this thread, is it 5 million per person or 5 million for everyone?


Cuz 5 million split to all black people is a slap in the face and I have no idea how anyone could be mad at them rejecting that trash ass deal

It's $5 million to everyone

 

[papa pimp]

The 5 million is a pyschopt anyway.

A realistic proposal is 300-400k


The people who proposed the 5 million are trying to kill reparations.


Secondly, reparations has to be a direct payment fukk what the NAACP is talking about.

No, this is not how negotiations work. You don't lowball yourself initially because then you end up agreeing to below that.

 

[papa pimp]

I'd advise to do so. Nowhere I say this will be paid out in a lump sum. Nor did I insinuate it.

 

[MikelArteta]

damn whose negotiating master p?

 

[Voice of Reason]

No, this is not how negotiations work. You don't lowball yourself initially because then you end up agreeing to below that.

I agree but 5 million does not seem realistic.


Darity said 840,000

 

[Geek Nasty]

Wait... it wasn't 5 million per person???

At this point I don't have a clue what's being proposed. OPs link says $5 million payout which is $250 BILLION for a city with a $14 billion budget. But then the article someone posted is talking about a yearly payout for 250 years and all kinds of other benefits.

$100K a year works out to 50K people X 100K $5 billion/year. None of these numbers work

 

[Voice of Reason]

damn whose negotiating master p?

You are a Canadian.

 

[dora_da_destroyer]

if people thought $5M was a serious offer..

that's some look good, feel good shyt that they of course turn to a "black org" to have them shoot it down in exchange for a more realistic offer