If Trump found a way to guarantee reparations to every black citizen in the US...

[max powers]

If it was land, where? Value is volatile. What would ensure the value of the money doesnt immediately deflate?

 

[RIP sleazyy]

Reparations in what form? Money, land, programs?

$150k-$250k depending on traceable ancestry to victims of TST to be distributed among current black US citizens.


Some good ideas in here

Why you did this?

I'm bored and waiting to see if some plans are on for tonight

 

[max powers]

Also, is that rewarded to each member of the family or once in the family line?

 

[aquatic barefoot]

Tbh id rather reperations take the form of investment into our communities and thorough job training with a guaranteed pipeline for higher paying positions over a lump sum payout.

Giving people use to barely making ends meat 150K+ would cause reperation payouts to be poorly managed and spent whereas thorough job training and job placement would guarantee them a living wage for the remainder of their lives and a more gradual shift into the lifestyles higher paying jobs create.

QFE.

Wish I could rep this 1000 times.

 

[max powers]

What about 150k upon completeion of job training? Or rather the option of it afterwards?

 

[tay1]

$150k-$250k depending on traceable ancestry to victims of TST to be distributed among current black US citizens.


Some good ideas in here



I'm bored and waiting to see if some plans are on for tonight

That's not even remotely economically possible but yeah I'd do it. It would be beneficial.

 

[Nereyda Vuelve Por Dios]

Like candance owens side ***** said, too
Many string attached with trump to take it without hindering the economy more.

But since we playing “what ifs”...

...I think Patrice oneal said it best with not having to pay taxes ever on anything. I would also add the forgiveness of all current debt/ free higher education including doctorate programs.

I trust very few people worh that kind if money to flip it and make it last generations. Especially when that mentailty hasnt been allowed to gain steam in minorites communites. I rather get a privelege than a large check.

 

[calibeebee]

 

[Mark Antony]

I'd be no different than the selfish people who simply vote for their own tax breaks and handouts if I did that ignoring everything else going on, and that's never been how I vote. This is politics, this can always be on the table with another administration and with a better figure.

 

[Deleted member 42060]

It odd to think reparations are monetized. Can you really put a figure on slavery, discrimination, segregation, police corruption etc? It’s like buying your vote. I don’t think there would be enough money for all that’s happened to African Americans and to other minorities in the US.

 

[debso]

250k is nowhere near enough. That would be selling my people out for pennies. No sir.

 

[debso]

I might have to get on the computer for this one. The question in and of itself is insulting and a lot of dumb ****** dont even understand why.

 

[Mark Antony]

Oh yeah if you want a good idea of how Trump would handle something like reparations, look at all the government workers who served their decade expecting the guaranteed tuition forgiveness struggling to get that done.

 

[doublemesh96]

You’re basically asking me to vote for trump for 20k and the answer is yes. I don’t vote anyway so hell yeah cash me out. Don’t care.

 

[|A-Man|]

250k ain't enough. Make it 2.5 mil.

Don't mind if you gotta gut the armed forces, NASA, etc. for an entire term.

I also want a public official apology by the American government for the crimes against humanity that is slavery and the bill **** that was the civil war.

Then I'd want a few racists put on death row **** double jeopardy. Especially racists perpetuating systemic racism in institutions.

And once he did that, I'd still not vote for him.

Maybe if Trump gave his personal wealth to minorities would I vote for him.

 

[RustyShackleford]

Oh yeah if you want a good idea of how Trump would handle something like reparations, look at all the government workers who served their decade expecting the guaranteed tuition forgiveness struggling to get that done.

Famb, he ****** over so many of my friends with this ********.

I know folk that sacrificed jobs opportunities in the private sector to stay qualified for this, and in the end they got screwed.

This administration is a coalition of scumbags

 

[RustyShackleford]

250k ain't enough. Make it 2.5 mil.

Don't mind if you gotta gut the armed forces, NASA, etc. for an entire term.

I also want a public official apology by the American government for the crimes against humanity that is slavery and the bill **** that was the civil war.

We can cut their budgets to zero and it still doesn't get us close to the amount we would need.

NASA is like nothing is the grand scope of the federal budget.

 

[tr1ll]

That’d be a helluva way to kick off the race war...

 

[max powers]

I'm still curious as to wether these reparations are per voting citizen or per household?

 

[RustyShackleford]

Like candance owens side ***** said, too
Many string attached with trump to take it without hindering the economy more.

But since we playing “what ifs”...

...I think Patrice oneal said it best with not having to pay taxes ever on anything. I would also add the forgiveness of all current debt/ free higher education including doctorate programs.

I trust very few people worh that kind if money to flip it and make it last generations. Especially when that mentailty hasnt been allowed to gain steam in minorites communites. I rather get a privelege than a large check.

I have thought about the no tax thing, and I don't like it.

Mainly because it will benefit affluent black people way more than poor black people, rich folk will get the break on capital gains taxes, property taxes, etc., on top of payroll, sales and income taxes. Also since we have marginal tax rates in America, the tax cut will be more significant. Poor folk only will get the benefit from payroll, sales, and income.

So the people that need it the most will get little benefit from such a program, and it will not be powerful enough anti-poverty measure, IMO.

I think people that benefit from public services should pay taxes, should have a progressive tax system, but we need to find ways through the tax code to funnel money from rich holders of capital towards to the lower classes.

 

[seasoned vet]

money alone wont solve our problems. we need an education in economics above everything. so my answer is no.

a conservative giving the black community any amount of money is actually them taking money from their left pocket and putting it in their right because we’ll trip over ourselves giving it right back to them.

all because we dont understand economics.

What about native Americans?

native americans got and continue to get their reparations.

 

[tay1]

Money solves problems

 

[RustyShackleford]

As far as a way for fighting wealthy inequality, and one that might be targeted at racial inequality, I like the idea of wealth funds. Cory Booker proposed a bill along these lines, but I would change some things and if need by it needs to be more targeted if it were to serve as a reparations program.

https://www.vox.com/policy-and-politics/2018/10/22/17999558/cory-booker-baby-bonds

An exclusive look at Cory Booker’s plan to fight wealth inequality: give poor kids money
Baby bonds, explained.
By Sarah Kliff[email protected] Oct 22, 2018, 6:00am EDTSHARE
America has a massive, growing racial wealth gap. The median white family today holds nearly 10 times the wealth of the median black family.

Sen. Cory Booker (D-NJ) is introducing a bill aimed at closing that gap. His idea is to give lower-income kids a sizable nest egg (nearly $50,000 in some cases) that they could use for wealth-building purchases, like a down payment on a house or college tuition.

These “opportunity accounts” would, theoretically, make sure all children have significant assets when they enter adulthood, rather than just those who grow up in wealthier homes.

Booker meets with eighth graders from the Princeton Academy of the Sacred Heart in the atrium of the Hart Senate Office Building on May 24, 2016.
Al Drago/CQ Roll Call
“It would be a dramatic change in our country to have low-income people break out of generational poverty,” Booker said in an interview with Vox. “We could rapidly bring security into those families’ lives, and that is really exciting to me.”

Similar ideas have swirled around think tanks since the early 2000s, but Booker appears to be the first high-profile senator to introduce legislation to create such a program. As possible 2020 presidential nominees like Booker begin to unveil ambitious policy ideas — like Sen. Bernie Sanders’s (I-VT) Medicare-for-all plan or Kamala Harris’s (D-CA) new cash assistanceplan — Booker appears ready to focus on racial inequality in America, and how to solve it.

Opportunity accounts, explained
America’s wealth gap grew rapidly through the late 20th century. In 1963, families at the top of America’s wealth distribution had six times the wealth of those in the middle. By 2012, the wealthiest had 12 times the assets of middle-income families.

Specific government policies have driven the racial gap by making it specifically harder for minorities to accrue wealth. The decades-long practice of the Federal Housing Authority refuse to underwrite housing loans to many black families, for example, made it difficult for those families to pass on the earnings of real estate to their children the way a white family might.

Booker notes that his own parents, who are African American, essentially had to pose as a white couple to purchase a house in a predominantly white neighborhood in 1969. They had a white couple put in the offer on the house, but Booker’s parents then showed up to the closing. (Booker recounts this story in greater detail in an episode of Vox’s show on Netflix,Explained).

Sen. Cory Booker’s father, Cary Booker.
Courtesy of Sen. Cory Booker
“I know the difference it meant for my family to be able to buy that house and accrue that wealth,” he says. “I know the Herculean things they had to do to get into that neighborhood.”

Booker’s proposal is meant to target young children who haven’t benefited from the type of situation he did.

His American Opportunity Accounts Act would give each child born in the United States a savings account with $1,000. Each year, until the child turns 18, the government would deposit as much as $2,000 into that account. The size of the annual payments would depend on the child’s family income, with lower-income families receiving larger checks.

These accounts would be off limits until the child turns at 18, at which point the child could use them for specific “asset-building” purchases, like a down payment on a house, for example, or college tuition. (Booker hasn’t come up with a full list of eligible purchases yet.)

Booker’s office estimates that a child who remains in the lowest income bracket of the program (meaning she gets the largest, $2,000 payments each year) would accrue $46,215 by her 18th birthday. A child in the highest income bracket of the program (above 500 percent of the poverty line, or $147,100 for a family of four) would end up with $1,681 — just the original $1,000 payment plus earnings accrued from the government investing it in low-risk funds.

They also project that the benefits of the program would go largely to minority children. Their figures suggest that the average black child will accrue $29,038 in her account and the average Latino child would get to $27,337. The average white child would end up with about half that ($15,790).

Booker’s proposal looks largely similar to ideas that have been floated by Darrick Hamilton of the New School and William Darity of Duke University. They presented a version of their “baby bond” program at the most recent meeting of the American Economics Association.

Between UBI, Medicare-for-all, and Opportunity Accounts, Democrats are ready to test some new ideas
One of the things that struck me about Booker’s proposal is that it’s a much more aggressive and sweeping version of what Hillary Clinton proposed in her 2008 presidential run: a lump sum of $5,000 given to every child born in the United States that could be used to pay for college or a down payment in the future.

Booker’s version is a much bigger program, and one with different goals: not just making college and housing affordable, but making college and housing affordable to a specific population that has long struggled with higher education costs.

This seems in keeping with the rest of the field of 2020 Democratic hopefuls, who are starting to roll out policies that would greatly expand the public safety net and constitute a significant wealth distribution from the wealthy to the poor.

These range from Sanders proposing a government-run health care system to cover all Americans to Harris’s new plan to give low-income families as much as $500 in monthly cash assistance.

Booker would pay for his opportunity account program by increasing capital gains and estate taxes — two changes that would target directly America’s wealthier families.

“A lot of aspects of our tax code, the benefits are usually used by the wealthy,” Booker says. “It’s time we start to give less-wealthy families the same opportunity.”

Booker meets with eighth graders from Princeton Academy of the Sacred Heart on May 24, 2016. Thousands of middle school students visit the nation’s capital each year after after studying US history in school.
Al Drago/CQ Roll Call

 

[fluid hips]

Y'all ****** still hoping and praying for reparations? F that noise

Y'all need to stop falling for the dependant negro narative white people love to promote so they can feel better about themselves

The world doesn't owe anyone anything. The sooner we realize that, the better off we'll be

 

[tay1]

Shut up