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Citigroup Makes the Case for Reparations

Obiwan

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Seems that we might just have a price to consider for reparations and this is not money blacks lost before any of you were born. This 16 trillion has been lost over the past 20 years. You have been alive to see it. Some of you participated in it. Many of you benefitted from it.

Cost Of Racism: U.S. Economy Lost $16 Trillion Because Of Discrimination, Bank Says

Nationwide protests have cast a spotlight on racism and inequality in the United States. Now a major bank has put a price tag on how much the economy has lost as a result of discrimination against African Americans: $16 trillion.

Since 2000, U.S. gross domestic product lost that much as a result of discriminatory practices in a range of areas, including in education and access to business loans, according to a new study by Citigroup. It's not an insignificant number: By comparison, U.S. GDP totaled $19.5 trillion last year.

And not acting to reverse discriminatory practices will continue to exact a cost. Citigroup estimates the economy would see a $5 trillion boost over the next five years if the U.S. were to tackle key areas of discrimination against African Americans.


Read the study here- CLOSING THE RACIAL INEQUALITY GAPS: The Economic Cost of Black Inequality in the U.S. (citi.com)
It looks like Citigroup may have an opportunity to help correct that...

When are they going to start handing out loans to blacks with no jobs and rock-bottom credit ratings????
 

MarathonMike

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The study is there for you to read. If you can read, that is.
I'm too busy writing my study on how eradicating Systemic Racism in America added $16 trillion dollars to our economy.
 

DudleySmith

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Seems that we might just have a price to consider for reparations and this is not money blacks lost before any of you were born. This 16 trillion has been lost over the past 20 years. You have been alive to see it. Some of you participated in it. Many of you benefitted from it.

Cost Of Racism: U.S. Economy Lost $16 Trillion Because Of Discrimination, Bank Says

Nationwide protests have cast a spotlight on racism and inequality in the United States. Now a major bank has put a price tag on how much the economy has lost as a result of discrimination against African Americans: $16 trillion.

Since 2000, U.S. gross domestic product lost that much as a result of discriminatory practices in a range of areas, including in education and access to business loans, according to a new study by Citigroup. It's not an insignificant number: By comparison, U.S. GDP totaled $19.5 trillion last year.

And not acting to reverse discriminatory practices will continue to exact a cost. Citigroup estimates the economy would see a $5 trillion boost over the next five years if the U.S. were to tackle key areas of discrimination against African Americans.


Read the study here- CLOSING THE RACIAL INEQUALITY GAPS: The Economic Cost of Black Inequality in the U.S. (citi.com)
It looks like Citigroup may have an opportunity to help correct that...

When are they going to start handing out loans to blacks with no jobs and rock-bottom credit ratings????

When Biden starts paying them to, and covering the losses and paying them the fess they hope to charge.
 

DudleySmith

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The study is there for you to read. If you can read, that is.
I'm too busy writing my study on how eradicating Systemic Racism in America added $16 trillion dollars to our economy.

See if you can work in a claim for reparations to all the Irish immigrants who were economically and socially damaged by black people's enthusiastic support for slavery and the resulting deaths and low wages. I'm pretty sure IM2's fair share should be around $10 million.
 

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