Amerikkka Owes Us $6.4 Trillion In Reparations

[Medicate]

lets get to it...wealthy crackas sittin on blood money and then got the audacity to whine about debt and the condition of the black community.....exactly why I seek everyday to take from you devils at all costs until i'm repaid.....exactly why I don't care when you're slaughtered and I on you and any house nikka that loves you and your stringy haired two back cave bytches..........

http://culsire.com/the-case-for-rep...uld-cost-america-at-least-6-4-trillion-today/

40 Acres and a Mule Would Be at Least $6.4 Trillion Today—What the U.S. Really Owes Black America

40 Acres and a Mule Would Be at Least $6.4 Trillion Today—What the U.S. Really Owes Black America
Slavery made America wealthy, and racist policies since have blocked African American wealth-building. Can we calculate the economic damage?

Download a PDF of this infographic:
11x17 poster format

8.5x11 vertical format



Sources:
Introduction

http://theconversation.com/slavery-in-america-back-in-the-headlines-33004

http://www.civil-war.net/census.asp?census=Total

1.

1.5 million pounds in 1790 and 2.25 billion pounds in 1859, based on Empire of Cotton, by Sven Beckert (2014) pgs. 104, 106

77% based on: Cotton and Race in the Making of America: The Human Costs of Economic Power, by Gene Dattel (2009)

http://mshistorynow.mdah.state.ms.us/articles/161/cotton-in-a-global-economy-mississippi-1800-1860

Joshua Rothman, email correspondence, 2015

http://eh.net/encyclopedia/the-economics-of-the-civil-war/

http://abrahamlincolnsclassroom.org/abraham-lincoln-in-depth/abraham-lincoln-and-civil-war-finance

48.3% in 1860 according to Gavin Wright, Slavery and American Economic Development (LSU Press, 2006, paperback 2013) [personal communication]

2.

http://scholarship.law.upenn.edu/cgi/viewcontent.cgi?article=1073&context=jlasc

http://www.archives.gov/exhibits/featured_documents/dc_emancipation_act/

http://philosophy.fullerton.edu/people/2007%20-%20Heiner%20-%20Abolition%20Democracy%20-%20Rad%20Phil%20Today%205.pdf

http://www.cjcj.org/uploads/cjcj/documents/slavery_in.PDF

http://www.economist.com/news/leaders/21583992-fifty-years-after-martin-luther-kings-speech-fixing-americas-racial-ills-requires-new/comments?page=8

The Politics of Despair: Power and Resistance in the Tobacco Wars. Tracy Campbell, 2015

7% based on: Documents of the Assembly of the State of New York, Vol. 4. 1979.

3.

http://www.ssa.gov/policy/docs/ssb/v70n4/v70n4p49.html

70-80%, according to:The Case for Reparations

http://www.gpo.gov/fdsys/pkg/CREC-2010-08-05/html/CREC-2010-08-05-pt1-PgS6836.htm

http://www.farmaid.org/atf/cf/%7B6ef41923-f003-4e0f-a4a6-ae0031db12fb%7D/FARM_AID_2014_ISSUE_BRIEF-BLACK_FARMING_AND_LAND_LOSS.PDF

http://www.racialequitytools.org/resourcefiles/lui.pdf

http://scholarship.law.upenn.edu/cgi/viewcontent.cgi?article=1073&context=jlasc

4.

https://www.census.gov/content/dam/Census/library/publications/2014/demo/p60-249.pdf

Dime based on:http://www.insightcced.org/uploads/CRWG/LayingTheFoundationForNationalProsperity-MeizhuLui0309.pdf

http://newsreel.org/guides/race/whiteadv.htm

$59 trillion: Activist Teacher: Calculated MINIMUM reparation due to slave descendants: $1.5 million to each Black citizen of the USA

$15 trillion: National Legal and Policy Center,Obama Giving Black Farmers $1.25B in Reparations

$25 trillion: Did Freedom Alone Pay a Nation's Debt?

Martin Luther King:MLK’s Case for Reparations Included Disadvantaged Whites


https://www.facebook.com/sharer/sha...nd-a-mule-would-be-at-least-64-trillion-today

http://www.yesmagazine.org/issues/m...-64-trillion-today/sendto_form?ica=Email_this

 

[Medicate]

If you were to guess how much the United States owes Black people in economic damages for slavery, how much would it be?

In the part of the “I Have A Dream” speech that no one seems to remember, Dr. Martin Luther King Jr. declared: “It is obvious today that America has defaulted on this promissory note insofar as her citizens of color are concerned. Instead of honoring this sacred obligation, America has given the Negro people a bad check, a check which has come back marked ‘insufficient funds.’”

While some people would conclude that no dollar amount can make up for the centuries that Black people were kidnapped, enslaved and forced to work without pay, the fact remains that our misfortune made America wealthy. Slavery built the system of U.S. capitalism. Moreover, some people have estimated what the nation actually owes Black people.









YES! magazine published a fascinating infographic that illuminates the subject of reparations. It begins with a calculation that King made if America would stand by its promise of 40 acres and a mule, which is $20 a week since the late 1700s for 4 million slaves. The total was $800 billion, which in today’s dollars is $6.4 trillion. Just to put it in perspective, this year’s federal budget is projected at $3.9 trillion. U.S. gross domestic product in 2014 was $17.4 trillion. So, this sounds like a significant deal of money, except for the fact that this is a conservative estimate. Other calculations are far higher.

For example, as the infographic shows, the National Legal and Policy Center placed reparations at $15 trillion, which would involve paying $500,000 to every slave descendant.

Time magazine columnist Jack White estimated that Blacks are owed $24 trillion, which amounts to unpaid wages denied to 10 million slaves, doubled for pain and suffering with interest.

Further, Dr. Denis G. Rancourt, a former physics professor at the University of Ottawa, determined the minimum amount of reparations is $59.2 trillion. He calculated that value of the stolen labor was $3.7 trillion, or 2 million slaves working 10 hours a day, 365 days a year for 70 years (between 1790 and 1860) at a rate of $7.25 an hour. Applying a 2 percent interest rate compounded annually, he reached the $59.2 trillion figure.

Without question, there is a strong case for reparations. The institution of slavery created the economic basis for modern capitalism and turned the U.S. into the wealthiest nation in the world. New York was built on cotton — the crop that dominated the international markets in the 1800s — as the city collected 40 cents of every dollar earned in the cotton trade, transforming it into a financial center. Moreover, at the start of the Civil War, slaves were worth 48 percent of the wealth of the South, more than all of the banks, factories and railroads in the country combined.

Meanwhile, the government paid reparations to slave owners, but not to Black people themselves. Rather, America maintained a convict lease system that swept up Black men and created a new form of slavery in the Southern prisons. The Black Codes were designed to impede Black progress and keep whites ahead of the game through discriminatory practices. Special fees for Black people discouraged us from owning businesses, and high interest rates hindered the building of Black wealth. In addition, segregation and racist policies have prevented Black people from benefiting from government programs that were made available to whites. As a result, the Black share of national wealth changed very little between 1865 (0.5 percent) and 1990 (1.0 percent), with very little for us to pass down to future generations. In addition, the wealth gap between Blacks and whites has not changed since 1970. Policies have kept Black people underwater and whites afloat and thriving — on purpose.

This is why reparations make so much sense, and this is what white privilege looks like. True racism exists not solely in the offensive remarks and epithets hurled by individual whites at Black people on a daily basis, but more importantly in the systems of oppression that stack the deck and rig the game. Whites mistakenly believe that racism is a thing of the past, and that slavery is something that occurred long ago from which they derive no benefit. However, there is a continuum of racial discrimination that extends from slavery times up until now, with mass incarceration and the war on drugs creating a new form of enslavement for Black people. White folks have inherited the wealth and privilege derived from free Black labor, which they willingly enjoy today. Similarly, Blacks have inherited, and continue to face the effects of this rigged game — which continues into the present day, even as we have struggled and resisted this system and attempted to build for themselves.

Every year since 1989, Rep. Jon Conyers (D-Michigan) has introduced H.R. 40, a bill which calls for a commission to study reparations. In April, the Institute of the Black World 21st Century (IBW), led by Dr. Ron Daniels, held an international conference in New York, with participants from 20 countries and throughout the diaspora discussing global reparations strategies.

As for estimating the price tag, this is one way to continue the discussion and bring home the gravity of the issue.

 

[Treblemaka]

Reparations would be nice but all it would really do is make rich people richer. I do think we as a culture aren't mature enough to handle that kind of money responsibly.

You make your own reparations. Build something you can own. When we have ownership we have power, when we have power we can dictate, and until we can dictate the narrative we will not receive reparations.

But by that time you won't want them.

 

[Deluuxe]

Reparations would be nice but all it would really do is make rich people richer. I do think we as a culture are mature enough to handle that kind of money responsibly.

You make your own reparations. Build something you can own. When we have ownership we have power, when we have power we can dictate, and until we can dictate the narrative we will not receive reparations.

But by that time you won't want them.

 

[Queen]

Reparations would be nice but all it would really do is make rich people richer. I do think we as a culture are mature enough to handle that kind of money responsibly.

You make your own reparations. Build something you can own. When we have ownership we have power, when we have power we can dictate, and until we can dictate the narrative we will not receive reparations.

But by that time you won't want them.

Shut up.

 

[Treblemaka]

Exactly. I meant aren't.

 

[Treblemaka]

Shut up.

What?

 

[ahdsend]

reparations shouldnt just be cash, but also land and resources

cuz anyone can spend money, and most of us got a consumer mindset

in our current state we'd give most of that shyt right back to the dominant society a few years....

 

[Deluuxe]

reparations shouldnt just be cash, but also land and resources

cuz anyone can spend money, and most of us got a consumer mindset

in our current state we'd give most of that shyt right back to the dominant society a few years....

Disproportionally on strippers...

 

[Jay Kast]

Reparations would be nice but all it would really do is make rich people richer. I do think we as a culture aren't mature enough to handle that kind of money responsibly.

You make your own reparations. Build something you can own. When we have ownership we have power, when we have power we can dictate, and until we can dictate the narrative we will not receive reparations.

But by that time you won't want them.

So you're saying that if we were to get 6.4 trillion dollars, that we as a culture would be irresponsible enough to the point where we couldnt handle the money? Every single black person who received the money would squander it eventually? Are you speaking for yourself or for all descendants of slaves?

Im seriously asking here, is your opinion of black people so low that you truly believe every single one of us would waste it in a cacophony of strippers, jewelry and polo?

Are there absolutely no redeeming qualities to black people? What percentage of blacks do you think WOULDN'T squander the money?

Do you not believe that there would be more than a few BLACK people who would be interested in creating institutions, organizations, or coalitions that would positively affect the long lasting prosperity of black people as a whole?

Do Jewish people make their own reparations? Do Japanese-American descendants of incarcerated ancestors during WWII make their own reparations?

Im just wondering, man.

 

[Free White & 21]

reparations shouldnt just be cash, but also land and resources

cuz anyone can spend money, and most of us got a consumer mindset

in our current state we'd give most of that shyt right back to the dominant society a few years....

Umar dropping game once again

"If you say 'I need reparations to fix black america'. You're giving our progress, the control of our progress over to our oppressor"

It's a couple lost nikkas on this site with this weak ass thinking

 

[Free White & 21]

So you're saying that if we were to get 6.4 trillion dollars, that we as a culture would be irresponsible enough to the point where we couldnt handle the money? Every single black person who received the money would squander it eventually? Are you speaking for yourself or for all descendants of slaves?

Im seriously asking here, is your opinion of black people so low that you truly believe every single one of us would waste it in a cacophony of strippers, jewelry and polo?

Are there absolutely no redeeming qualities to black people? What percentage of blacks do you think WOULDN'T squander the money?

Do you not believe that there would be more than a few BLACK people who would be interested in creating institutions, organizations, or coalitions that would positively affect the long lasting prosperity of black people as a whole?

Do Jewish people make their own reparations? Do Japanese-American descendants of incarcerated ancestors during WWII make their own reparations?

Im just wondering, man.

I didn't read how they did the calculations for the 6.4 trillion but lets assume that number is fair and true. That would be 6.4 trillion divided by the 42 million black americans (i'm sure it's less when we count non immigrant blacks but for the sake of argument lets use this number). That would be 152,380 dollars per person.

Man 150 racks ain't shyt

That is to say... on it's own it ain't shyt

And because we don't have a Black Empowerment Code of Conduct over 50% of that is going down the drain. Maybe even 75%
There's going to be some responsible, but financially ignorant, so ultimately irresponsible black folks that's gonna pay off their debts and sit on the rest of their paper
As it stands right now i'd be surprised if 1% (4 million) of us aggregated our money for the cause of black empowerment

 

[Jay Kast]

I didn't read how they did the calculations for the 6.4 trillion but lets assume that number is fair and true. That would be 6.4 trillion divided by the 42 million black americans (i'm sure it's less when we count non immigrant blacks but for the sake of argument lets use this number). That would be 152,380 dollars per person.

Man 150 racks ain't shyt

That is to say... on it's own it ain't shyt

And because we don't have a Black Empowerment Code of Conduct over 50% of that is going down the drain. Maybe even 75%
There's going to be some responsible, but financially ignorant, so ultimately irresponsible black folks that's gonna pay off their debts and sit on the rest of their paper
As it stands right now i'd be surprised if 1% (4 million) of us aggregated our money for the cause of black empowerment

I don't feel the same, fortunately. I'd say that my way of thinking isn't one in one hundred (1%). I know plenty of like minded individuals.

Responsible, yet irresponsible? You lost me there. I somewhat get the gist yet you are going on a roundabout way of saying 99% of people do not care enough to donate to the cause.

99%.

This is not money that people have to spread thinly between buying groceries or keeping their lights on.

I won't say what could happen (I have a few ideas) because this will turn into an IF type of debate which will go nowhere and everywhere at the same time.

No one ever says this about Jewish, Japanese or any other kind of people except blacks. Somehow we are not worthy by our own standards. Seems kind of self defeatist.

I always run across this attitude on the Internet but never in real life.

I have a bit more faith than you, it seems.

EDIT- Also you are basically ignoring the fact that sitting on money (which to most competent humans would be investing into mutual funds, CDs, or LAND) would actually grow money rather than letting it languish into less money throughout the years accounting for inflation

ALSO, do you not believe that more than one percent of parents would be able to afford higher education for their kids? The net effect of the next generation having significantly more income would in turn create more stable households, which would equal more well adjusted kids who would continue that path of prosperity on and on?

I mean there's so many ways this could go but the fact that the prevailing attitude is "down the drain" is MADDENINGLY sad.

Didn't want to make another post back to back.

 

[Treblemaka]

I don't feel the same, fortunately. I'd say that my way of thinking isn't one in one hundred (1%). I know plenty of like minded individuals.

Responsible, yet irresponsible? You lost me there. I somewhat get the gist yet you are going on a roundabout way of saying 99% of people do not care enough to donate to the cause.

99%.

This is not money that people have to spread thinly between buying groceries or keeping their lights on.

I won't say what could happen (I have a few ideas) because this will turn into an IF type of debate which will go nowhere and everywhere at the same time.

No one ever says this about Jewish, Japanese or any other kind of people except blacks. Somehow we are not worthy by our own standards. Seems kind of self defeatist.

I always run across this attitude on the Internet but never in real life.

I have a bit more faith than you, it seems.

EDIT- Also you are basically ignoring the fact that sitting on money (which to most competent humans would be investing into mutual funds, CDs, or LAND) would actually grow money rather than letting it languish into less money throughout the years accounting for inflation

ALSO, do you not believe that more than one percent of parents would be able to afford higher education for their kids? The net effect of the next generation having significantly more income would in turn create more stable households, which would equal more well adjusted kids who would continue that path of prosperity on and on?

I mean there's so many ways this could go but the fact that the prevailing attitude is "down the drain" is MADDENINGLY sad.

Didn't want to make another post back to back.

I'm just looking at what many of us do with the resources we EARN. So many of us live outside our means to impress others, not all but a lot. I want to have faith in us but I've had this convo with too many people who want the money so they can spend it stupidly. A lot won't admit it but that Chapelle skit about reparations was medicine in the candy.

As for Jews their diaspora was financially wealth before the holocaust so reparations just helped them get back to where they were faster. The Japanese were able to subjugate all of Asian (it was effed up the way they did it). Before a single bomb dropped there. Plus many of the Japanese Americans here now are first gen and didn't have direct relatives in an interment camp.

 

[GunRanger]