What America owes: How reparations would look and who would pay

[ElNono]

What America owes: How reparations would look and who would pay

By Samara Lynn and Catherine Thorbecke
September 27, 2020

Darity and co-author Andrea Kirsten Mullen have a new book, "From Here to Equality: Reparations for Black Americans in the Twenty-First Century," that analyzes past estimates for reparation amounts and offers new ones.

University of Illinois Urbana-Champaign economist Larry Neal estimated in 1983 that America owed $1.4 trillion in reparations for Black descendants of enslaved people. Neal based this figure on the amount of wages earned by non-enslaved workers between 1620 and 1840, subtracting costs related to the care of slaves (food, housing, care, etc.).

According to Darity and Mullen, that 1983 figure compounded at 4%, 5% and 6% interest by 2019, would be $5.7 trillion, $8.1 trillion and $11.4 trillion, respectively, as per their calculations.

They also suggest there was a major flaw with Neal's calculation: it doesn't take into account the 20 years before the Civil War.

https://abcnews.go.com/Business/america-owes-reparations-pay/story?id=72863094

Discuss.

[ElNono]

And yes, I admit to fishing here.

[DarrinS]

I hope Dems run on this.

[ElNono]

I hope Dems run on this.

:lol

[DMC]

Then the Brits need to pay US reparations for all the suffering they caused, and then the Mexicans at the Alamo, then Ray Allen in game 6.

[ElNono]

Then the Brits need to pay US reparations for all the suffering they caused, and then the Mexicans at the Alamo, then Ray Allen in game 6.

Where do I sign?

[FrostKing]

They received a free ticket to America. My family had to file paperwork, wait for a sponsor and pay for a flight.

[spurraider21]

Then the Brits need to pay US reparations for all the suffering they caused, and then the Mexicans at the Alamo, then Ray Allen in game 6.
the US got all kinds of reparations. 13 colonies and independence

[pgardn]

They received a free ticket to America. My family had to file paperwork, wait for a sponsor and pay for a flight.

Just walked on board like they had won some sort of lottery.
Got on a cruise ship with all the luxuries...

All for free, what a deal!

[ChumpDumper]

They received a free ticket to America. My family had to file paperwork, wait for a sponsor and pay for a flight.Are they slaves?

[Dirks_Finale]

I guess we owe women as well, since they were mistreated for a while.

Shame on bad whitey. And Orange man bad.

[pgardn]

I guess we owe women as well, since they were mistreated for a while.

Shame on bad whitey.


And Orange man bad.

Hes not bad. He’s just incurred a lot of financial losses while winning so much.
Damn it I need to take more financial risks. And just lie.

[DMC]

the US got all kinds of reparations. 13 colonies and independence
The slaves got independence, and Houston.

[DMC]

Hes not bad. He’s just incurred a lot of financial losses while winning so much.
Damn it I need to take more financial risks. And just lie.

You got the lying part taken care of.

[pgardn]

You got the lying part taken care of.

Yeah that and my excessive IQ you claim I have.

[spurraider21]

The slaves got independence, and Houston.
emancipation, not independence

i dont believe they are actually asking for independence in any significant numbers

[DMC]

Yeah that and my excessive IQ you claim I have.

More lying.

[DMC]

emancipation, not independence

i dont believe they are actually asking for independence in any significant numbers

Thanks, Spock.

[spurraider21]

Thanks, Spock.
sure thing, sybok

[DMC]

sure thing, sybok

My brother :lol

[ElNono]

They received a free ticket to America. My family had to file paperwork, wait for a sponsor and pay for a flight.

we're not talking about Cubans, tbh

[ElNono]

I guess we owe women as well, since they were mistreated for a while.

Shame on bad whitey. And Orange man bad.

Dunno about "for a while"... seems we keep racking up the bill...

[Dirks_Finale]

We are a country full of victims, yes? Must be terrible to live here.


Dunno about "for a while"... seems we keep racking up the bill...

[Chris]

the US got all kinds of reparations. 13 colonies and independence

No, they had to fight a war for that.

[ElNono]

We are a country full of victims, yes? Must be terrible to live here.

That's your claim, not mine.

[spurraider21]

No, they had to fight a war for that.
whether voluntarily or compelled through violence, they gave the americans what they wanted

[Winehole23]

A too eager parody sometimes underscores the absence of the target.