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.
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.
https://www.washingtonexaminer.com/washington-secrets/mayors-back-reparations-could-cost-6-2-quadrillion-151m-per-descendant
Well, $6.2 quadrillion is less than $10 sextillion, so I am good with that. Let's make Sheila Jackson Lee the new chairwoman of the Federal Reserve and put her in charge of implementing this. Oh, and the minimum wage needs to be raised to $100,000 per hour. /satire
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