As we all know, black people deserve reparations, and I'm willing to vote to let the US government pay them in exchange for eliminating affirmative action, diversity programs, quotas, contractual set asides - basically after reparations, anyone can hire whoever they want. At 100,000 per black person, we would need 3.9 trillion, and some of you people are not wanting to add to the debt. So, here is my plan:
Create the Reparations Commission, and have it issue 4 trillion dollars worth of bonds paying interest only of 1% per year for the next hundred years. Have the Federal Reserve purchase the bonds similar to the QE program. Stipulate the money received can only be spent in the US on real estate or made in America products, or deposited in American banks. Take the money saved by eliminating the EEOC and save it up in a fund over the next 100 years to payoff the bonds.
Originally Posted by Jewish Lawyer
You posted a thread like this before. It was dumb the first time, it is dumb again.
People actually held as slaves deserve reparations from the actual slave owners. But they are all dead.
The population of this country has gone up about 270 million since the end of the Civil War and many, if not the majority, can trace their family to someone who immigrated here AFTER the Civil War. So people who never held slaves will be paying money to people who were never slaves. You don't fix an old injustice by creating a new one.
Other problems:
1) Why would rich black people get $100K? Clearly they have overcome any handicap that an ancestor may have suffered.
2) What percentage black do you have to be? Does someone who is 1/8th black get $100K?
3) Why would a black person receive $100K if his family immigrated to the US in recent years? In other words, why would Colin Powell, the son of Jamaican immigrants get any money at all?
4) How do you guarantee the end of affirmative action and quotas? What if you gave every black person $100K, but afterward they continued to elect politicians who voted for affirmative action/quotas? What then?
Now think about all of the FRAUD involved as white and Hispanic people tried to prove one eighth or one sixteenth black heritage. And recent black immigrants tried to claim they have roots from 200 years ago.
Think of the marriage fraud as the same groups of people marry a black person to get part of the $100K. Or worse, deliberately have a kid so they can get the kid's $100K.
You are a font of bad ideas.
Here is a better question: How much in reparations should Israel pay each Palestinian whose family was displaced from any land now held by Israel. And that money must be paid WITHOUT US money being involved.