- Sep 19, 2011
- 28,466
- 10,043
- 900
Again I preface.. "a VERY FEW" because the VAST majority are reasonable, logical people that are working hard to have a better life and certainly UNDERSTAND the gross repercussions that the following objective might bring.
$5,900,000,000,000 to $14,200,000,000,000 for reparations due to the below.
But in a new paper, published in the journal Social Science Quarterly, Craemer makes the case that there are other examples of historical reparations paid many decades later after “damages” were incurred. He also has come up with what he says is the most economically sound estimate to date of what reparations could cost: between $5.9 trillion and $14.2 trillion.
Craemer came up with those figures by tabulating how many hours all slaves—men, women and children—worked in the United States from when the country was officially established in 1776 until 1865, when slavery was officially abolished. He multiplied the amount of time they worked by average wage prices at the time, and then a compounding interest rate of 3 percent per year (more than making up for inflation). There is a range because the amount of time worked isn’t a hard figure.
Slavery Reparations Could Cost Up to $14 Trillion, According to New Calculation
Assuming a middle figure of $10 trillion was agreed on.
How would that figure be paid for?
Who would be eligible?
Certainly NOT all African-Americans as not all can trace their lineage back to slaves.
Certainly not all African-Americans who are wealthy? Is that fair?
And so just these preliminary questions of distribution alone shows the enormity of the problem even IF there was total acquiescence on the part of "White people" that can trace their lineage back to slave owners as it would be totally unfair to force"white people" with NO slave owners in their lineage to pay for the sins of the slave owners.
So this is the dilemma facing those advocates of "Slavery Reparations".
But to the point of the thread topic not only would a vast majority of African-Americans not find this a worthy effort, but they would be grossly offended in that all that they have acquired and worked for was not worthy their efforts! They would be as I would be offended and insulted to think that a few people trying to assuage THEIR own distorted and skewed sense of responsibility would want to take away their property i.e. because if they couldn't trace their lineage they too are responsible!
Monday 28 August 2017 03.00 EDT
The west’s wealth is based on slavery. Reparations should be paid
The west’s wealth is based on slavery. Reparations should be paid | Kehinde Andrews
This is NOT something that is going away!
Solutions the above author suggests:
In many ways the calls for reparatory justice do not take go far enough.
Caricom includes a demand to cancel third world debt,
and the Movement for Black Lives for free tuition for African Americans.
We would need to perfect the mechanism for delivering this wealth transfer.
(NOTE: All African Americans... but remember NOT all African Americans can trace lineage to slaves!)
So for all you people that are in favor of this "WEALTH TRANSFER"... consider what will happen.
$5,900,000,000,000 to $14,200,000,000,000 for reparations due to the below.
But in a new paper, published in the journal Social Science Quarterly, Craemer makes the case that there are other examples of historical reparations paid many decades later after “damages” were incurred. He also has come up with what he says is the most economically sound estimate to date of what reparations could cost: between $5.9 trillion and $14.2 trillion.
Craemer came up with those figures by tabulating how many hours all slaves—men, women and children—worked in the United States from when the country was officially established in 1776 until 1865, when slavery was officially abolished. He multiplied the amount of time they worked by average wage prices at the time, and then a compounding interest rate of 3 percent per year (more than making up for inflation). There is a range because the amount of time worked isn’t a hard figure.
Slavery Reparations Could Cost Up to $14 Trillion, According to New Calculation
Assuming a middle figure of $10 trillion was agreed on.
How would that figure be paid for?
Who would be eligible?
Certainly NOT all African-Americans as not all can trace their lineage back to slaves.
Certainly not all African-Americans who are wealthy? Is that fair?
And so just these preliminary questions of distribution alone shows the enormity of the problem even IF there was total acquiescence on the part of "White people" that can trace their lineage back to slave owners as it would be totally unfair to force"white people" with NO slave owners in their lineage to pay for the sins of the slave owners.
So this is the dilemma facing those advocates of "Slavery Reparations".
But to the point of the thread topic not only would a vast majority of African-Americans not find this a worthy effort, but they would be grossly offended in that all that they have acquired and worked for was not worthy their efforts! They would be as I would be offended and insulted to think that a few people trying to assuage THEIR own distorted and skewed sense of responsibility would want to take away their property i.e. because if they couldn't trace their lineage they too are responsible!
Monday 28 August 2017 03.00 EDT
The west’s wealth is based on slavery. Reparations should be paid
The west’s wealth is based on slavery. Reparations should be paid | Kehinde Andrews
This is NOT something that is going away!
Solutions the above author suggests:
In many ways the calls for reparatory justice do not take go far enough.
Caricom includes a demand to cancel third world debt,
and the Movement for Black Lives for free tuition for African Americans.
We would need to perfect the mechanism for delivering this wealth transfer.
(NOTE: All African Americans... but remember NOT all African Americans can trace lineage to slaves!)
So for all you people that are in favor of this "WEALTH TRANSFER"... consider what will happen.
