Each Black Person To Get $5 Million in Cash
Starting in California then the rest of the stats will follow suit.
We’re talking about a $5 million lump-sum payment for each eligible Black person, and this could make San Francisco the first major U.S. city to fund reparations, though it faces steep financial headwinds and blistering criticism from conservatives.
5 million is a small price to pay for 400 years of slavery and racism towards the black people.
I actually hope they do it. Imagine what this would trigger nationwide in the USA if one city decides to set a precedent, would be kino, not gonna lie.
However, if you ask me, the “reparations” for black descendants of slaves is that they live in the United States today instead of Africa.
On a more serious note, what if all black Americans move to SF to collect this money? Can there be a long term residency requirement for eligibility?
If so, can we build them nice consolidated communities they will never need to leave from?
Just kidding, just kidding, but you know what I mean.
PS: if you have the patience to read the entire article, the head of the advisory board says that $5 million per person isn’t enough and actually wants even more, the absolute state.
Moreover, California never had slavery and the money will come from taxpayers, not politicians.
Who cares anyway, this is clown world.
The good news is that Nike and KFC stock will go up 5000% tomorrow, the economy is saved, praise Jesus.
San Francisco board open to reparations with $5M payouts
SAN FRANCISCO (AP) — Payments of $5 million to every eligible Black adult, the elimination of personal debt and tax burdens, guaranteed annual incomes of at least $97,000 for 250 years and homes in San Francisco for just $1 a family.
These were some of the more than 100 recommendations made by a city-appointed reparations committee tasked with the thorny question of how to atone for centuries of slavery and systemic racism. And the San Francisco Board of Supervisors hearing the report for the first time Tuesday voiced enthusiastic support for the ideas listed, with some saying money should not stop the city from doing the right thing.
Several supervisors said they were surprised to hear pushback from politically liberal San Franciscans apparently unaware that the legacy of slavery and racist policies continues to keep Black Americans on the bottom rungs of health, education and economic prosperity, and overrepresented in prisons and homeless populations.
“Those of my constituents who lost their minds about this proposal, it’s not something we’re doing or we would do for other people. It’s something we would do for our future, for everybody’s collective future,” said Supervisor Rafael Mandelman, whose district includes the heavily LGBTQ Castro neighborhood.
The draft reparations plan, released in December, is unmatched nationwide in its specificity and breadth. The committee hasn’t done an analysis of the cost of the proposals, but critics have slammed the plan as financially and politically impossible. An estimate from Stanford University’s Hoover Institution, which leans conservative, has said it would cost each non-Black family in the city at least $600,000.
Tuesday’s unanimous expressions of support for reparations by the board do not mean all the recommendations will ultimately be adopted, as the body can vote to approve, reject or change any or all of them. A final committee report is due in June.
Some supervisors have said previously that the city can’t afford any major reparations payments right now given its deep deficit amid a tech industry downturn.
Tinisch Hollins, vice-chair of the African American Reparations Advisory Committee, alluded to those comments, and several people who lined up to speak reminded the board they would be watching closely what the supervisors do next.
“I don’t need to impress upon you the fact that we are setting a national precedent here in San Francisco,” Hollins said. “What we are asking for and what we’re demanding for is a real commitment to what we need to move things forward.”
The idea of paying compensation for slavery has gained traction across cities and universities. In 2020, California became the first state to form a reparations task force and is still struggling to put a price tag on what is owed.
The idea has not been taken up at the federal level.
In San Francisco, Black residents once made up more than 13% of the city’s population, but more than 50 years later, they account for less than 6% of the city’s residents — and 38% of its homeless population. The Fillmore District once thrived with Black-owned night clubs and shops until government redevelopment in the 1960s forced out residents.
Fewer than 50,000 Black people still live in the city, and it’s not clear how many would be eligible. Possible criteria include having lived in the city during certain time periods and descending from someone “incarcerated for the failed War on Drugs.”
Critics say the payouts make no sense in a state and city that never enslaved Black people. Opponents generally say taxpayers who were never slave owners should not have to pay money to people who were not enslaved.
Advocates say that view ignores a wealth of data and historical evidence showing that long after U.S. slavery officially ended in 1865, government policies and practices worked to imprison Black people at higher rates, deny access to home and business loans and restrict where they could work and live.
Justin Hansford, a professor at Howard University School of Law, says no municipal reparations plan will have enough money to right the wrongs of slavery, but he appreciates any attempts to “genuinely, legitimately, authentically” make things right. And that includes cash, he said.
“If you’re going to try to say you’re sorry, you have to speak in the language that people understand, and money is that language,” he said.
John Dennis, chair of the San Francisco Republican Party, does not support reparations although he says he’d support a serious conversation on the topic. He doesn’t consider the board’s discussion of $5 million payments to be one.
“This conversation we’re having in San Francisco is completely unserious. They just threw a number up, there’s no analysis,” Dennis said. “It seems ridiculous, and it also seems that this is the one city where it could possibly pass.”
The board created the 15-member reparations committee in late 2020, months after California Gov. Gavin Newsom approved a statewide task force amid national turmoil after a white Minneapolis police officer killed George Floyd, a Black man.
The committee continues to deliberate recommendations, including monetary compensation, and its report is due to the Legislature on July 1. At that point it will be up to lawmakers to draft and pass legislation.
The state panel made the controversial decision in March to limit reparations to descendants of Black people who were in the country in the 19th century. Some reparations advocates said that approach does not take into account the harms that Black immigrants suffer.
Under San Francisco’s draft recommendation, a person would have to be at least 18 years old and have identified as “Black/African American” in public documents for at least 10 years. Eligible people must also meet two of eight other criteria, though the list may change.
Those criteria include being born in or migrating to San Francisco between 1940 and 1996 and living in the city for least 13 years; being displaced from the city by urban renewal between 1954 and 1973, or the descendant of someone who was; attending the city’s public schools before they were fully desegregated; or being a descendant of an enslaved person.
The Chicago suburb of Evanston became the first U.S. city to fund reparations. The city gave money to qualifying people for home repairs, down payments and interest or late penalties due on property. In December, the Boston City Council approved of a reparations study task force.
Resources:
https://www.investmentwatchblog.com/each-black-person-to-get-5-million-in-cash/
https://apnews.com/article/san-francisco-black-reparations-5-million-36899f7974c751950a8ce0e444f86189
(@GaryLineker) 
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