California reparations taskforce increases amount it is demanding to $800BN from $640BN | Daily Mail Online
"initial down-payment"Quote:
Black Californians are owed $800 billion for reparations due to generations of over-policing, disproportionate incarceration and housing discrimination, according to economists who are working with the state panel considering the payments.
A previous model, announced earlier this month, estimated that $640 billion would be due in payments to black residents in the Golden State.
In their report, the consultants suggest the state task force 'err on the side of generosity' and consider a down-payment with more money to come as more evidence becomes available.
'It should be communicated to the public that the substantial initial down-payment is the beginning of a conversation about historical injustices, not the end of it,' they said.
The new estimate is more than 2.5 times California's $300 billion annual budget, and does not include a recommended $1 million per older Black resident for health disparities that have shortened their average life span.
This is going to backfire in the progs faces spectacularly. There's no putting this genie back in the bottle. Cities are going to burn when they don't get anything close to their 'demands'. You better get out of the major cities before this gets shot down is all I can tell you.Quote:
Nor does the figure count compensating people for property unjustly taken by the government or devaluing Black businesses, two other harms the task force says the state perpetuated.
'We've got to go in with an open mind and come up with some creative ways to deal with this,' said Assembly member Reggie Jones-Sawyer, one of two lawmakers on the task force responsible for mustering support from state legislators and Gov. Gavin Newsom before any reparations could become reality.
In an interview prior to the meeting, Jones-Sawyer said he needed to consult budget analysts, other legislators and the governor's office before deciding whether the scale of payments is feasible.
The statewide estimate includes $246 billion to compensate eligible Black Californians whose neighborhoods were subjected to aggressive policing and prosecution of Black people in the 'war on drugs' from 1970 to 2020.
That would translate to nearly $125,000 for every person who qualifies.
The numbers are approximate, based on modeling and population estimates. The economists also included $569 billion to make up for the discriminatory practice of redlining in housing loans.
