@Crucial said in Reparations for blacks:
@MajorRage said in Reparations for Blacks:
@Crucial said in Grumpy Old Man:
@Rancid-Schnitzel said in Grumpy Old Man:
@Higgins said in Grumpy Old Man:
I'll bet there will be a fair few grumps when the bill for this lands on someone's desk to pay.
https://www.msn.com/en-nz/news/national/san-francisco-reparations-panel-proposes-7-8m-to-every-eligible-back-resident-total-debt-forgiveness/ar-AA16pS7n?ocid=msedgdhp&pc=U531&cvid=717e624b02dd4c9a82d44c6ec93f8f74
So what happens if you're mixed race? Do they divide it by fraction of black?
To answer this question for others, the explanation is in the article.
Interesting concept, trying to monetise societal impacts. Obviously done with knowledge that it wouldn’t fly but to show the impacts of the past.
The impact of the past is 7.8m per person?
You can’t tell me you believe that.
I don't have too. I wouldn't have a clue what their calculation methodology was.
I don't really understand this comment.
I get your point of what they are trying to do, but I guess I misread your previous post talking about impacts of the past that you may have thought it was potentially justified.
I am far from discrediting the idea (although if it were to come in, I'd GTFO San Fran as quickly as I could) as income disparity there is horriffic. You have Silicon Valley, perhaps the headquarters of wealth on the planet these days, and then the streets of San Fran are literally filled with homeless. It's truly terrible, and a very very bad look for your average capitalist.
However, 7.8mm per person would put your average black household of 2 adults into the wealthiest 1% in one of the wealthiest cities (by average) on the planet.
It makes the whole exercise look like nothing more than a cash grab / hand out. And that is truly terrible.