Zone1 Reparations are an Economic Issue

[Weatherman2020]

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

• 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.

"To remain competitive in a global economy, we need the full creative and economic potential of all our people. Greater racial equity will not only improve individual lives, it will increase the size of the economic pie for everyone."
—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.

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.

Damn right.
The Irish must get reparations.

 

[IM2]

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.

www.businesscaseforracialequity.org

Click the national link and start reading. Nothing else will be discussed here.

 

[Tunafish]

It's not my idea.

It was first proposed by Martin Luther King Jr.

“Few people consider the fact that in addition to being enslaved for two centuries, the Negro was during all those years robbed of the wages of his toil. No amount of gold could provide an adequate compensation for the exploitation and humiliation of the Negro in America down through the centuries. Not all the wealth of this affluent society could meet the bill. Yet, a price can be placed on unpaid wages. The ancient common law has always provided a remedy for the appropriation of the labor of one human being by another. This law should be made to apply for American Negroes. The payment should be in the form of a massive program by the Government of special compensatory measures which could be regarded as a settlement in accordance with the accepted practice of common law. Such measures would certainly be less expensive than any computation based on two centuries of unpaid wages and accumulated interest.”

David B. Oppenheimer, Dr. King’s Dream Of Affirmative Action, pg. 32, Harvard Latin American Law Review

As for your second dumb statement, the fact that you tried that comment shows just how racist you are. But unfortunately for you there were agreements made.

Sherman’s Special Field Orders No. 15,” in The War of the Rebellion: a Compilation of the Official Records of the Union and ConfederateArmies, Series I, Vol. 47, Part II (Washington: GPO, 1895), pp.60-62 http://ldhi.library.cofc.edu/exhibi...educator/unit_three_documents/document_five43.

Circular #13 War Department Bureau of Refugees, Freedmen, and Abandoned Lands. Washington July 28, 1865,

https://www2.umbc.edu/che/tahlessons/pdf/The_Freedmens_Bureau_Success_or_Failure_RS_7.pdf

MLK Jr. was a womanizer who cheated on his wife regularly

 

[Tunafish]

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.

www.businesscaseforracialequity.org

Click the national link and start reading. Nothing else will be discussed here.

# END OF THREAD
# SHUT IT DOWN
# STICK A FORK IN IT

 

[IM2]

By 2050, our country stands to realize an $8 trillion gain in GDP by closing the U.S. racial equity gap. “Closing the gap” means lessening, and ultimately eliminating, disparities and opportunity differentials that limit the human potential and the economic contributions of people of color.

This report seeks to expand the narrative associated with racial equity by adding a compelling economic argument to the social justice goal. Beyond an increase in economic output, advancing racial equity can translate into meaningful increases in consumer spending, as well as federal and state/local tax revenues, and decreases in social services spending and health-related costs. For example, in consumer spending alone, closing the racial equity gap in the U.S. would generate an additional $191 billion spent on food, $500 billion on housing, $52 billion on apparel, $259 billion on transportation, and $77 billion on entertainment each year. Federal tax revenues would increase by $450 billion and state and local tax revenues would increase by $100 billion annually.

The potential economic and social gains are significant. In fact, they are of great importance to a country that increasingly faces challenges to its global competitiveness from countries with larger populations and faster economic growth. By 2050, more than half of U.S. workers and consumers will be people of color. As America confronts human capital constraints on our workforce, we must look to the potential of all and take deliberate, realistic, and proven measures to enable the full participation of all.

The Business Case for Racial Equity, pg.3

So we can continue talking stupid, continue denying the problems exacerbated by PAST WHITE RACISM that continues to be created by CURRENT WHITE RACISM, ranting about what you don't owe, what blacks aren't going to get and watch this nation crumble due to white racism, or we can take steps to erase wealth inequality and that's what reparations will do.

 

[IM2]

MLK Jr. was a womanizer who cheated on his wife regularly

And the founding fathers owned and raped slaves. Ask Thomas Jefferson.

Now read the information requested.

 

[Weatherman2020]

And the founding fatherscowned and raped slqves. Ask Thomas Jefferson.

Is that why Sally Hemings - a free woman as soon as she stepped onto French soil - returned to America with TJ?

 

[Tunafish]

And the founding fatherscowned and raped slqves. Ask Thomas Jefferson.

Blame your ancestors for selling the slaves. If they were not here, they would not be raped.
I prefer the white meat, but dark will do.

 

[Meister]

Thread closed, too many zone 1 violations from BOTH sides.