The big thing at present in the US, and elsewhere, is reparations to Blacks today and then every coloured person, to divide up the wealth of America, and then of the West. Already California’s reparations task force has approved recommendations for Black residents to receive $1.2 million each as compensation for slavery and racial discrimination. Some are pushing for a compound rate of reparations at 7,000 trillion dollars, which is more than all the wealth in the world! There is, as no details available about how such a scheme would work, and how much “black” one needs. The same issue is on the horizon in Australia with your Voice referendum, which you really must fight hard to defeat. Not just reparations, but a breakup of the entire country is on the agenda, with a separate Black homeland, funded of course by the tax payer.
https://www.theepochtimes.com/do-whites-also-deserve-reparations_5261197.html
“The professor, William Darity, isn’t the only one calling for reparations. The mayor of Boston, Michelle Wu, has established a task force that will explore compensation for black citizens. In New York City, Mayor Eric Adams has signaled his support for the idea. Detroit’s Reparations Task Force is currently exploring forms of compensation for the city’s black residents. Similar events are taking place in St. Louis. In early May, California’s reparations task force approved recommendations that could see some black residents receive $1.2 million each as compensation for slavery and racial discrimination.
Reparations are a terrible idea. Calls for race-based compensation appeal to emotion, not logic. First, how do we define slavery? Contrary to popular belief, African Americans weren’t the only victims of slavery. As Stephan Talty, an author who has researched slavery in great detail, has noted, white people were also the victims of slavery.
In a piece for Salon, a hyper-progressive online magazine, Talty discussed the fact that, contrary to popular belief, white slavery did occur prior to the occurrence of the Civil War. Talty referenced the work of Joel Augustus Rogers, a historian who meticulously documented the many ways in which whites were kidnapped and sold into slavery. These kidnappings occurred from the early 1700s right up until 1861, the year the Civil War started. Some of the victims were orphans or unwanted babies, while others were impoverished immigrants. White slavery occurred in America. This is an inconvenient truth that receives little or no attention, probably because it contradicts the “white privilege” narrative that continues to do the rounds.
Even if we were to agree on a definition of slavery, how are we supposed to verify those that claim to be victims? Then, of course, there’s the matter of financing reparations. Where will the money come from?
For comment on the matter, I reached out to David W. Rasmussen, the director of the Policy Sciences Center at Florida State University. Rasmussen recently published a paper discussing reparations for black citizens, and why such a system of redress for past injustices deserves criticism.
Rasmussen told me that although it’s easy to make the case that black citizens are owed reparations—the right to own slaves is embedded in the Constitution, after all—this doesn’t mean that the case being made has any real substance. The idea of reparations, noted Rasmussen, fails for many reasons.
First off, reparations are expensive, with “reasonable” estimates ranging from about $500 billion to $2.7 trillion. The highest estimate of damages is $7 quadrillion, he said, “a figure that emerges because damages are compounded at an annual interest rate of 6 percent.” For the mathematically challenged, a quadrillion is 1,000 trillion.
Moreover, black reparations would benefit about 12 percent of the population. In other words, said Rasmussen, “We are asking 88 percent of the population to pay as much as $500 billion (probably over a period of years) to bear the cost.”
All Americans, including those who are currently struggling to put food on the table, would bear this cost (40 million Americans, more than 25 percent of the population, currently live in poverty). Only 30 percent of Americans are in favor of some form of reparations. “Many of these,” according to Rasmussen, “may find a $500 billion price tag a hard sell.” Indeed.
It’s common for those in favor of reparations to insist that all descendants of slaves, regardless of their economic situation, should receive reparations. Thus, individuals such as Barack and Michelle Obama, as well as LeBron James and Oprah Winfrey, would be eligible. Rasmussen, like many other Americans, is against income transfers to high-income households—and for good reason. It makes absolutely no sense.
Which begs the question: What, if any, palatable alternatives to reparations exist?
Rasmussen asks, “If we are genuinely interested in helping black families locked in poverty in communities with high crime, inferior housing, and bad schools, why not address those problems?”
He’s right. Rather than creating race-related policies, the United States must create policies that address specific problems. This is the only way forward, largely because Native Americans, Hispanics, and poor whites would also stand to benefit. Again, contrary to popular belief, the United States is no longer divided by race. It’s divided by class. To be specific, it’s divided by four distinct classes: upper, middle, working, and lower, with more and more Americans falling into the final two categories.
As noted earlier, tens of millions of people of various skin colors are living in abject poverty. To truly help those in need, those struggling to survive, we need to move past the idea of reparations for black individuals. Now, more than ever, we must move past the desire to use skin color as a defining metric.”