Bob,
Any African American related to a slave owner is due to rape.
Dr. Crystal Feimster November 11, 2023 NSVRC talks with Yale Professor Dr. Cyrstal Feimster about the direct throughline between sexual violence during the American slavery era and the sexual violence experienced by Black women and girls today. This is the first excerpt of a two-part interview...
www.nsvrc.org
To the 150 years ago argument:
I am quite sure no one living in 1980 was alive when the U.S. government made the Fort Laramie treaty with the Sioux Nation or were participants in Custers violation of that treaty. Nor were they alive when President Grant decided it was OK to let settlers and people prospecting for gold tresspass into land promised to the Sioux thereby violating the treaty. No one in 1980 was alive when the U.S. government decided to take the land from the Sioux by military force. No one in 1980 was alive when the U.S. government decided to cut off supplies they promised the Sioux as condition for their surrender after whipping the U.S. Army at The Battle of Little Bighorn. But in 1980, the government of the United States decided reparations were due to the Sioux Nation for what was done to them in the 1800’s. They awarded the Sioux Nation 105 million dollars.
United States v. Sioux Nation of Indians :: 448 U.S. 371 (1980) :: Justia US Supreme Court Center,
https://supreme.justia.com/cases/federal/us/448/371/
Citygroup did a study focusing on U.S. GDP from 2000 until 2020. The study revealed huge losses in GDP due to continuing discrimination against blacks in business revenue, education, housing credit, and income. The study determined that since the year 2000, continuing discriminatory practices in the four areas mentioned in the prior sentence resulted in a loss of 16 trillion dollars in GDP. The breakdown is as follows:
“Closing the Black racial wage gap 20 years ago might have provided an additional $2.7 trillion in income available for consumption and investment.
Improving access to housing credit might have added an additional 770,000 Black homeowners over the last 20 years, with combined sales and expenditures adding another $218 billion to GDP over that time.
Facilitating increased access to higher education (college, graduate, and vocational schools) for Black students might have bolstered lifetime incomes that in aggregate sums to $90 to $113 billion.
Providing fair and equitable lending to Black entrepreneurs might have resulted in the creation of an additional $13 trillion in business revenue over the last 20 years. This could have been used for investments in labor, technology, capital equipment, and structures and 6.1 million jobs might have been created per year.”
. " Racial and ethnic inequities have cost the U.S. economy some $51 trillion in lost output since 1990. Large and persistent gaps in rates of employment, education, and earnings across races "add up to a smaller economic pie for the nation as a whole."
This statement is from a working paper published by members of the San Francisco Federal Reserve about the economic impact of continued inequity. It is titled: “The Economic Gains from Equity” In this paper, they state that from 1990 until 2022, the United States lost 51 trillion dollars in economic output due to continuing white racism.
Ann Saphi,
Racial inequities cost U.S. economy trillions, researchers find, Reuters, September 9, 2021,
Racial inequities cost U.S. economy trillions, researchers find.
Buckman, Shelby R., Laura Y. Choi, Mary C. Daly, Lily M. Seitelman. 2021
“The Economic Gains from Equity,” Federal Reserve Bank of San Francisco Working Paper 2021-11.
https://www.frbsf.org/economic-research/wp-content/uploads/sites/4/wp2021-11.pdf
So we don't have to talk about 160 years ago, Bob.
Lets continue.
View attachment 1265915
This paper examines the U.S. government’s instigation, participation, authorization, and perpetuation of federal housing discrimination against black-Americans from the 1930s to the 1980s and the damage that such discrimination caused and continues to cause today. Delving into the U.S. government’s twentieth century federal housing practices, this paper discusses how the government effectively barred black-Americans from obtaining quality housing and from investing in housing as wealth, while simultaneously subsidizing and endorsing white homeownership, white suburbs, and white wealth.
Part I examines the U.S. government’s housing practices—from the New Deal until the 1968 Fair Housing Act and its 1988 Amendments—to reveal that although the New Deal’s national housing programs revolutionized homeownership and home equity in the United States, the U.S. government’s federal housing programs were racially discriminatory. Specifically, and quite shockingly, the U.S. government actively created and promulgated racist neighborhood rating systems that constructed black neighborhoods and black property as unstable, volatile, hazardous, and not worthy of investment. Using these racist rating systems, the federal government endorsed racial covenants and invested federal money into the creation and accumulation of white wealth, the value of whiteness, white suburbia, and white homeownership. Meanwhile, the government denied blacks federal housing funding, fueling black stigma and barring black-Americans from the invaluable twentieth century opportunities of homeownership and home equity.
Understanding the U.S. government’s discriminatory housing practices, Part II discusses and quantifies the effects of the government’s housing discrimination on black-American households and communities. Finding that approximately 120 billion 1950s dollars—or more than 1.239 quintillion 2019 dollars—were invested to subsidize and create white-American wealth through homeownership...
In conclusion, this paper argues in favor of black reparations for the discriminatory U.S. housing practices that persisted from the 1930s to the 1980s—and whose remnants pervasively continue to damage black-American communities today. At a minimum, this paper argues that the U.S. government should compensate black-Americans for the 1.239 quintillion dollars of discriminatory federal housing spending.
This year marks the 400th anniversary of the first documented arrival of Africans to the United States, which resulted in the enslavement of approximately 4 mil
papers.ssrn.com
You make the same tired, uninformed argument as others who oppose reparations. You have ignored the continuing white racism after slavery and its impacts, or the numerous federal, state an local initiatives that provided whites with economic development and assistance while denying blacks the same. And just in case you come with the whatabout Asians tactic:
View attachment 1265919
Starting in the 1960s, Asians looking to start businesses in America found themselves blocked from opening in white neighborhoods, mostly by banks that refused to give them loans anywhere near the wealth of those communities. Instead, banks offered loans for new businesses in Black communities, which most Asians, driven by a need to build a new life in a new country, accepted. Banks had deemed these neighborhoods ‘high risk’ for loans as part of redlining, the discriminatory banking practice of classifying neighborhoods worthy of investment based on the racial makeup of the people who lived there. While banks were open to working with Asian business owners as long as it was in the right place, they usually refused to even consider giving loans to Black people in these same neighborhoods hoping to start businesses of their own.
How the United States’ long history of racism against Asian business owners and Black neighborhoods ended up pitting the two against each other.
www.easternstandardtimes.com
The m thing happened for Jews. All these things white people ignore, deny, or try to lecture us about what we need to do or how wrong it is for us to seek reparations. This needs to stop. There is overwhelming evidence that supports our case.
Does this mean no reparations for the Obamas?
