Write4U
Valued Senior Member
Bred and sold like cattle......Sold like cattle.
Bred and sold like cattle......Sold like cattle.
By giving money to largely white men (the corporations that benefit from stock purchases).It's reparation, statement of recognition that a terrible wrong was committed and that "the white man" recognizes this fact.
No one is giving the rich any money. They already have all the money.By giving money to largely white men (the corporations that benefit from stock purchases).
I have no objections to any of your suggested universal social/economic programs for all, but they do not specifically address the specific wrongs inflicted for centuries on a specific minority.How about we tax those corporate profits and use the money to ensure our school systems have adequate resources?
I don't know, that's why I invited comments on the idea, hoping that others might offer insight on the potential socio/economic obstacles v the potential social/economic justice.Refraining from comment or suggestion.
Asking a compound question:
How would it work?
Step by step, from the beginning.
No, I mean, if the scheme is adopted, how is it carried out?hoping that others might offer insight on the potential socio/economic obstacles v the potential social/economic justice..
Somehow this is what Georgetown University came up with.No, I mean, if the scheme is adopted, how is it carried out?
What are the actual mechanics. Who gets how much through what procedure?
https://abcnews.go.com/Politics/geo...elming-favor-27-fee-slavery/story?id=62316394Georgetown students vote overwhelming in favor of $27 fee for slavery reparations
That's the how much. (It's funny math, given the value of 1865 $ compared to a current one, what a class action lawsuits would get you for that kind of damage, and fluctuating interest rates, but OK)As I posted before, if this modest amount would be assigned a 7% interest over 200 years, each recipient would receive a handsome reparation for that "human market value" plus interest from that time until today.
By my reckoning, that would translate into about 16,000 dollars. If invested in a secured blue chip market investment, or government bond, this would be a solid basis for a more secure financial future.
The descendants get the income, not the capital.That's the how much. (It's funny math, given the value of 1865 $ compared to a current one, what a class action lawsuits would get you for that kind of damage, and fluctuating interest rates, but OK)
Next: Who gets it?
On the contrary, the poor and minorities would benefit the most, and it's not being done now. It's not universal, since schools are usually funded through property taxes.I have no objections to any of your suggested universal social/economic programs for all, but they do not specifically address the specific wrongs inflicted for centuries on a specific minority.
Keyword of this topic is; "Reparation" for specific wrongs, not "Recognition" of universal rights.
I'd love to see the US be founded on equitable social/economic programs, just like the rest of the "civilized" world.
But universal social/economic programs is a separate conversation and belongs in a separate thread, IMO.
If someone wants to address that, I'll be happy to contribute my two cents worth.
O-kay....The descendants get the income, not the capital.
I have no figure. With some hesitation, I accepted your figure, because it's not the crux of the matter. I'm asking about the mechanics of the process.Your figure is hopelessly false.
Start a thread on universal socio-economic solutions to wealth disparity. This one is called reparations.On the contrary, the poor and minorities would benefit the most, and it's not being done now. It's not universal, since schools are usually funded through property taxes.
O-kay....
I have no figure. With some hesitation, I accepted your figure, because it doesn't particularly interest me.
Next part of the question:
Who are "the descendants"?
I have noticed that regular fonts are often easily dismissed. Speed reading has distinct draw-backs to understanding.(PS I've had my cataract surgery and can now read regular-sized font.)
What claims? This is what I'm asking. How easily can claims be confirmed?Any claims could easily be confirmed or denied.
I just told you. The slave owner's records themselves.So - How does the process work?
Yes, and we'd hate to be inconvenienced, don't we?.The criteria for eligibility and the requirements for proof can affect the number of recipients by a considerable margin, so
the process is significant.
So, anybody on those records gets compensation.They'd be pretty old to enjoy it.I just told you. The slave owner's records themselves.
We are not talking about the origin of million year old fossils.
The people being inconvenienced are the claimants.Yes, and we'd hate to be inconvenienced, don't we?.