- Mar 11, 2015
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It's amazing how people refused to see the stimulative effects that reparations would have on the U.S. economy.
Let's say we go with the 350,000 payment to every black American as basis for my example before I post a link to show the negative impact of white racism.
I had 5 people in my family growing up. That would 1.75 million dollars. That's plenty of money to start a family business, or to purchase property. On top of that money would be spent on other things that would be purchased in white communities by people who formerly didn't have the money to spend. That money would remove blacks from the welfare rolls, most of them forevver. These benefits to America are being ignored due to ignorance of economics.
“Striving for racial equity – a world where race is no longer a factor in the distribution of opportunity – is a matter of social justice. But moving toward racial equity can generate significant economic returns as well. When people face barriers to achieving their full potential, the loss of talent, creativity, energy, and productivity is a burden not only forthose disadvantaged, but for communities, businesses, governments, and the economy as a whole. Initial research on the magnitude of this burden in the United States (U.S.),as highlighted in this brief, reveals impacts in the trillions of dollars in lost earnings, avoidable public expenditures, and lost economic output.”-The Kellogg Foundation and Altarum Institute
—Ani Turner, Lead Author
www.businesscaseforracialequity.org
Reparations is one way, perhaps the best way of eliminating these inequities. Let's not talk stupid because this is a case against government, so what you did't own doesn't matter. Also, lets not repeat the same debunked stuff. Economic inequality won't be stopped by a man living in the house. More blacks are attending and graduating from college. Nobody spent 40 trillion on blacks for welfare. Daniel Moynihans assessment was debunked, and there has never been anything given to blacks to repair the years of free labor. Whites today benefitted from Jim Crow and the system still favors whites. So how about reading the linked information and discussing the pros and cons?
I am sure all these superior IQ folks in this forum are able to do that.
Let's say we go with the 350,000 payment to every black American as basis for my example before I post a link to show the negative impact of white racism.
I had 5 people in my family growing up. That would 1.75 million dollars. That's plenty of money to start a family business, or to purchase property. On top of that money would be spent on other things that would be purchased in white communities by people who formerly didn't have the money to spend. That money would remove blacks from the welfare rolls, most of them forevver. These benefits to America are being ignored due to ignorance of economics.
“Striving for racial equity – a world where race is no longer a factor in the distribution of opportunity – is a matter of social justice. But moving toward racial equity can generate significant economic returns as well. When people face barriers to achieving their full potential, the loss of talent, creativity, energy, and productivity is a burden not only forthose disadvantaged, but for communities, businesses, governments, and the economy as a whole. Initial research on the magnitude of this burden in the United States (U.S.),as highlighted in this brief, reveals impacts in the trillions of dollars in lost earnings, avoidable public expenditures, and lost economic output.”-The Kellogg Foundation and Altarum Institute
- There’s a potential economic gain of $135 billion per year if racial disparities in health are eliminated, including $93 billion in excess medical care costs and $42 billion in untapped productivity.
- Greater opportunity has already led to economic growth. Researchers at Stanford University and the University of Chicago have estimated that more than 25 percent of the growth in productivity from 1960 through 2008 was associated with reducing occupational barriers faced by Blacks and women. Further reducing barriers to opportunity will help drive the level of economic growth possible over the next 50 years.
- Nine million potential jobs would be created if people of color owned businesses at rates comparable to Whites.
- State and federal prison costs would be cut $30 billion annually if Blacks and Hispanics/Latinos were incarcerated at the rate of Whites. Currently Black men are incarcerated at nearly six times the rate of White men, while Hispanic/Latino men are incarcerated at twice the rate of White men.
—Ani Turner, Lead Author
The Business Case for Racial Equity: A Strategy for Growth
Advancing racial equity is a strategy for fostering economic growth, for providing businesses a competitive advantage and for securing opportunity for all.
Reparations is one way, perhaps the best way of eliminating these inequities. Let's not talk stupid because this is a case against government, so what you did't own doesn't matter. Also, lets not repeat the same debunked stuff. Economic inequality won't be stopped by a man living in the house. More blacks are attending and graduating from college. Nobody spent 40 trillion on blacks for welfare. Daniel Moynihans assessment was debunked, and there has never been anything given to blacks to repair the years of free labor. Whites today benefitted from Jim Crow and the system still favors whites. So how about reading the linked information and discussing the pros and cons?
I am sure all these superior IQ folks in this forum are able to do that.
