Rantburg

Today's Front Page   View All of Wed 05/15/2024 View Tue 05/14/2024 View Mon 05/13/2024 View Sun 05/12/2024 View Sat 05/11/2024 View Fri 05/10/2024 View Thu 05/09/2024
2023-05-05 -Great Cultural Revolution
California reparations panel hints at $1.2 million payments to each Black resident
[FoxNews] The massive sum could be distributed in payments over a lifetime, although that hasn't been finalized

Economists advising California’s task force for reparations have estimated that it will cost $1.2 million per Black resident, paid over a lifetime.

California is one of multiple states debating the feasibility of economic reparations for Black Americans whose ancestors were victimized by the Atlantic slave trade and its legacy, despite the fact California was designated as a free state when it joined the Union. The push for reparations gained major momentum in 2020 after the death of George Floyd at the hands of police, but it remains an economically and culturally controversial topic.

California, which frequently makes national headlines for experimental progressive policies, has recently reached an economic estimate.

"Economists advising California’s task force on reparations have, at long last, released an estimate of the damages caused by the state’s history of slavery and its many vestiges of white supremacy: up to $1.2 million per Black resident over a lifetime," the San Francisco Chronicle reported Tuesday

California's reparations task force is preparing to recommend that the Golden State apologize and issue "down payments" to Black residents as a way to make amends for slavery and discrimination, although the state explicitly outlawed slavery when it joined the Union in 1850.

The task force, created by state legislation signed by Gov. Gavin Newsom in 2020, on Monday published more than 500 pages of documents that indicate it plans to recommend California issue a formal apology for slavery and racism and consider payments of varying amounts to eligible Black Californians.

The Chronicle suggested this massive number was merely a "rough, partial estimate of what it would cost the state to compensate Black people for that legacy of harm, according to a draft of the task force’s final report."

The paper quoted the report directly.

"Rather, it is an economically conservative initial assessment of what losses, at a minimum, the State of California caused or could have prevented, but did not," the report stated. "(T)he Legislature would then have to decide how to translate loss-estimates into proposed reparations amounts."

The Chronicle added further that the process is still ongoing.

"The panel is preparing its final report to send to the Legislature, which will include a recommendation on the amount and form of cash payments," the outlet wrote. "Task force members are expected to vote Saturday at Mills College in Oakland on whether to adopt the draft report, the capstone of its work after two years of tense meetings and in-depth research."

The Chronicle observed that next task at hand would be figuring out the massive economic implications of this reparations program.

’Whatever the task force decides, the Legislature and Newsom will have the final say. If reparations are approved, state officials would have to figure out how to pay for the program," the outlet wrote. "An economist for the reparations panel has said the plan could cost California more than $800 billion; the state has a roughly $297 billion annual budget."

Despite being nearly three times the state’s overall budget, a member of the task force in April dismissed concerns about the total cost, saying it was as the "least important piece" of their proposal.

"It's important," she said, "but it's the least important in terms of being able to get to a point in our country's history and in California's history where we recognize that the harm cuts across multiple areas and domains and that the repair needs to align with that."

The Chronicle noted that one key aspect is that the program does not distribute reparations merely for slavery, but for other economic and cultural issues seen as the legacy of slavery itself such as "mass incarceration and over-policing in Black communities," "discrimination in housing," and "health harms, including unequal access to health care, greater exposure to environmental pollution and discrimination from medical workers."

In April, Detroit's reparations task force met. Kofi Kenyatta, a senior policy director of UpTogether told the task force: "Reparations can mean a lot of things but it must include, no strings attached, direct cash to Black people and systemic change throughout all levels."

Posted by Beavis  2023-05-05 00:00|| || Front Page|| [16 views ]  Top

#1 As long as it's not U.S. taxpayer money I say let California go bankrupt.
Posted by Deacon Blues 2023-05-05 10:58||   2023-05-05 10:58|| Front Page Top

#2 Look at the bright side.

Getting a shoplift valuation over $1000 is going to be really easy.
Posted by swksvolFF 2023-05-05 11:13||   2023-05-05 11:13|| Front Page Top

#3 I'm starting to feel an identity shift coming on...
Posted by ed in texas 2023-05-05 14:19||   2023-05-05 14:19|| Front Page Top

#4 Gonna be a dude playing a dude, disguised as another dude?
Posted by swksvolFF 2023-05-05 16:07||   2023-05-05 16:07|| Front Page Top

#5 Why is my skin turning darker..??
Posted by crazyhorse 2023-05-05 16:44||   2023-05-05 16:44|| Front Page Top

#6 Give it to them all at once and let's be done with this in six months.
Posted by KBK 2023-05-05 19:35||   2023-05-05 19:35|| Front Page Top

#7 One quarter on application, final three quarters at your new legal residence in Nigeria, South Africa.....
Posted by Procopius2k 2023-05-05 20:33||   2023-05-05 20:33|| Front Page Top

#8 Theys waiting.

Posted by Ebbimp Lover of the Trolls5787 2023-05-05 22:33||   2023-05-05 22:33|| Front Page Top

#9 Another reason to get rid of the tax deduction for state taxes.
Posted by DooDahMan 2023-05-05 22:51||   2023-05-05 22:51|| Front Page Top

19:06 Mullah Richard OTR
18:59 Rambler in Virginia
18:57 Bobby
18:12 M. Murcek
17:57 Procopius2k
17:44 swksvolFF
17:25 Raj
17:23 Super Hose
17:21 Super Hose
17:19 Super Hose
17:19 swksvolFF
17:15 swksvolFF
17:06 Super Hose
17:04 Super Hose
17:02 Super Hose
16:53 Super Hose
16:51 M. Murcek
16:48 Super Hose
16:47 swksvolFF
16:43 swksvolFF
16:42 M. Murcek
16:41 Grom the reflective
16:39 Super Hose
16:37 Super Hose









Paypal:
Google
Search WWW Search rantburg.com