TCHYALBROKEASS T Have reparations already been paid? 2020 Democratic presidential candidates Kamala Harris and Elizabeth Warren have made recent statements showing warmth to the idea of reparations for blacks in America While they didn’t say so explicitly the primary the way reparations are given is via wealth transfer X took money from Y so X must give reparations to Y In our case the argument goes and the Democrats are beginning to agree that due to hundreds of years of slavery 100 years of Jim Crow 60 years of separate but equal and 30 years of red lining that blacks can never catch hup to whites or are so far behind that it would be near impossible The solution to this of course takes place in big government Whites whether they are descendants of slaves or not should give money to blacks whether they are descendants of slaves or not to combat the history of racism and slavery in this country Various studies have come different conclusions as to how much money would be needed for reparations to equate the harm that modern day blacks suffer from how their ancestors were treated One 1990 study by Sutch and Ransom put the amount owed at 9 billion dollars after inflationinterest by looking solely at the profits generated in the south by slave labor A more common metric uses the average price of a slave from the founding of the United States to the end of the Civil War equating this with the amount of labor stolen from slaves If we look at the highest price of slaves in the 1860s it cost around $12000 in today’s dollars to own a slave This gives us an estimate of what an average slave was thought to produce via stolen labor by a slave master With a peak 4 million slaves in 1860 and a total of more than 12 million slaves we can estimate the amount of stolen labor to arrive at a cost of 144 billion dollars though some have come to a number as high as 378 billion dollars This is where this post will get a little hairy and I don’t mean it too but when we’re dealing with the issue of “whites must pay blacks” it’s going to be Broken down by income group the amount of taxes paid vs wealth transfers received per quintile looks like this the top quintile paid $55000 the next quintile paid $2600 the middle quintile gained $8000 and the next two quintile gained about $10000 each According to US Census data 33% of blacks are in the lowest quintile 23% in the next 18% in the middle 14% in the next and 10% at the top For whites the number is 18% in the bottom 19% in the next 20% in the middle 20% in the next and 20% at the top Yes there’s rounding involved Ok so in terms of population numbers this means that out of 147 million blacks the number in each quintile respectively is 48 million 33 million 26 million 2 million and 14 million The same calculation for whites 247 million total population comes out to 44 million 46 million 49 million 49 million and 49 million Ok you see where I’m going In a given year the net government transfers from whites is a positive 1530400000000 For blacks the net government transfers is negative $20000000000 So the black community as whole not everyone individually of course is getting 20 billion dollars per year in the form of taxpayer money overwhelmingly coming from white taxpayers This is not to say blacks are lazy and don’t work or whites work harder and therefore pay more taxes Rather this information is exactly in line with Corey Booker Elizabeth Warren and Kamala Harris who all have attacked the racial wealth gap It is entirely possible that this gap is caused by the racist history of the US and this gap of course causes a difference in taxes paid What I am stating is that if the “solution” to the long term effect of slaveryjim crowredlining is redistributing money from whites to blacks well we’ve been doing that To the tune of 20 billion dollars per year in direct tax transfers And the total tax transfers haven’t changed too much over the past decade meaning that over the last ten years over $200 billion dollars have been directly transferred from whites to blacks via government middle manning So we’re looking at potentially half of all reparations owed over the past decade Yes I understand that some would say “well this tax money goes to all poor people and isn’t just for descendants of slavery” While that is true the point of reparations would be to offset poverty caused by slaveryjim crowredlining which results in blacks receiving a disproportionate amount Regardless if it is “meant” to be reparations or not the effect would still be the same white individuals who might have more wealth due to a history of slavery are having their money redistributing by the government to potential descendants of slaves in order to offset poverty which was at least in part caused by slavery If this wealth transfer of nearly 20 billion dollars per year isn’t fixing the negative effects of the United States’ racist history then I’m not sure what will httpswwwhuffingtonpostcomentryreparations-black-americans-slavery_us_56c4dfa9e4b08ffac1276bd7 httpsfilestaxfoundationorg20170201091804TaxFoundation-FF540pdf httpswwwcbogovpublication51361 httpswwwtaxpolicycenterorgstatisticshousehold-income-quintiles httpswwwforbescomsitestimworstall20140525if-there-should-be-reparations-for-american-slavery-the-amount-should-be-around-about-nothing#2b2c76967ff0 httpssquarelyrootedcom201405121466 httpswwwcensusgovdatatablestime-seriesdemoincome-povertycps-fincfinc-06html httpswwwtherootcomslavery-by-the-numbers-1790874492 Meme

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found @ 73 likes ON 2019-02-28 20:56:25 BY astrologymemes.com

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