Mayors back reparations that could cost $6.2 quadrillion, or $151M per descendant

Washington Examiner – by Paul Bedard

The nation’s mayors on Monday backed a national call for reparations to 41 million black people, a program that could cost taxpayers $6.2 quadrillion.

The U.S. Conference of Mayors released a letter backing a Democratic plan to form a reparations commission to come up with a payment for slavery.

“We recognize and support your legislation as a concrete first step in our larger reckoning as a nation, and a next step to guide the actions of both federal and local leaders who have promised to do better by our black residents,” said the letter from Conference President Greg Fischer, mayor of Louisville.

Sen. Cory Booker and Rep. Sheila Jackson Lee have introduced legislation to create a commission, the Commission to Study and Develop Reparation Proposals for African-Americans Act.

In introducing her bill to the House last year, Jackson Lee said, “The commission aims to study the impact of slavery and continuing discrimination against African-Americans, resulting directly and indirectly from slavery to segregation to the desegregation process and the present day. The commission would also make recommendations concerning any form of apology and compensation to begin the long delayed process of atonement for slavery.”

Since then, reparations have continued to draw attention, and the issue was elevated further during the recent Black Lives Matter protests.

Long at the center of the debate has been the potential price tag of paying slavery descendants, which studies broadly include most or all of the 41 million black people in the country.

A new study from three college professors said that the ultimate cost could be $6.2 quadrillion. Quadrillion comes after trillion, and one quadrillion has 15 zeros.

The study suggests a payment of $151 million each, and the cost to every person would be $18.96 million.

The calculation is somewhat complicated, but it essentially studies the unpaid hours slaves worked, calculates a price for massacres and discrimination, and adds in interest. It is titled “Wealth Implications of Slavery and Racial Discrimination for African American Descendants of the Enslaved.” It was published last month in the the Review of Black Political Economy.

The authors concluded, “We argue that the U.S. government should have paid reparations for enslavement and de jure racial discrimination because the ratification of the 5th Amendment in 1791. Article IV, Section 2, of the Constitution established not only slavery but also the personhood of the enslaved, and the 5th Amendment applies to all persons. Had these reparations been paid, they would have had intergenerational wealth implications for African American descendants living today.”

9 thoughts on “Mayors back reparations that could cost $6.2 quadrillion, or $151M per descendant

  1. Just look at these clowns stirring the wannabe winning the lotto crowd with ridiculousness.

    They outshine Dr. Evil with their absurd demands.

    I got a pocket full of shells that says you can’t have it.

      1. Like a lot of their music, but painfully communistic, unfortunately. That’s always been one of my favorites from them.

  2. So, American Nationals that never owned any slaves are to pay people with a darker skin pigment money for a crime they never committed?!? This world needs a serious purge, the lunacy is at levels only the psychotic Zionists can dream up.

    1. “The study suggests a payment of $151 million each, and the cost to every person would be $18.96 million.”

      They truly are out of their f***ing minds.

  3. This is just a wild offering so they can get something else: watch me left ‘and now… Watch me left… *Right hand sucker punch*

    I can imagine what this would look like 30 years later though with a guy in his 50’s telling his grandchild:
    GD: I remem’bur da’ days whin a can o’ beans cost only $1.
    Child: REALLY grandpa?!?!
    GD: Aye, now it costs… $676.55 million right? Half can o’ beans. Are they still real beans?
    Child: No, they make beans from pureed crickets, grasshoppers and sewage dredgings. Only the royals get to eat real beans!
    GD: Tank d’ mammon gods we paid dem durn niggers off!
    Child: No grandpa, they want more reparations now, its our fault $$$ aint worth shit now so they want more.
    GD: F-kin niggers.

    This would make Zimbabwe look tame if carried out.

Join the Conversation

Your email address will not be published. Required fields are marked *