A Blueprint for Reparations

Mr. Met

So Amazin
BGOL Investor
This chick is a great bulldog.

D5293-CF4-60-A1-4887-BE47-C5-CD1387-D803.jpg
 

VAiz4hustlaz

Proud ADOS and not afraid to step to da mic!
BGOL Investor


The issue of slavery of reparations goes way beyond Lloyd's. But more importantly, T.I. isn't a historian or economist or anyone else with the necessary academic and intellectual training to tackle an issue of this magnitude. But there are Black experts who ARE! He should be deferring to them.
 

KingTaharqa

Greatest Of All Time
BGOL Investor
The issue of slavery of reparations goes way beyond Lloyd's. But more importantly, T.I. isn't a historian or economist or anyone else with the necessary academic and intellectual training to tackle an issue of this magnitude. But there are Black experts who ARE! He should be deferring to them.

Mr. Met knows this. Again, if he keeps bringing bullshit to this thread, the ADOS thread is coming back full time, then he can post his garbage in there. This is a reparations thread and hes posting rappers and youtube personalities? Where's the economist? The politicians? He's not Black American so why the fuck is in here? Hes the only non ADOS posting in this thread bruh. BGOL once again proves Black immigrants inherently work to undermine Black Americans. Mr. Met stays commited.
 

VAiz4hustlaz

Proud ADOS and not afraid to step to da mic!
BGOL Investor
"In Los Angeles, white households have a median net worth of $355,000, compared to $4,000 for Black households, according to an analysis by the Federal Reserve Bank of San Francisco. Studies in the Bay Area have shown that homes are twice as valuable in white neighborhoods."

 

LordSinister

One Punch Mayne
Super Moderator
"In Los Angeles, white households have a median net worth of $355,000, compared to $4,000 for Black households, according to an analysis by the Federal Reserve Bank of San Francisco. Studies in the Bay Area have shown that homes are twice as valuable in white neighborhoods."

@KingTaharqa

This is kind of what I was hollering at you about. In the neighborhood my great grandfather purchased the family home, the area went to shit and the property values took a dive.

A cac brought the house next to mine for about 4-5 hundred K 6 years ago and now it's worth 1.1 million.

We got played with gentrification and promises of McMansions out in the valley and high desert. Meanwhile the other man started slowly buying property back in hood near USC/Downtown/Staples center and came up.

That's thousands of homes each that went up in value between 400-800k per home that was lost between generations.
 

VAiz4hustlaz

Proud ADOS and not afraid to step to da mic!
BGOL Investor
@KingTaharqa

This is kind of what I was hollering at you about. In the neighborhood my great grandfather purchased the family home, the area went to shit and the property values took a dive.

A cac brought the house next to mine for about 4-5 hundred K 6 years ago and now it's worth 1.1 million.

We got played with gentrification and promises of McMansions out in the valley and high desert. Meanwhile the other man started slowly buying property back in hood near USC/Downtown/Staples center and came up.

That's thousands of homes each that went up in value between 400-800k per home that was lost between generations.

But what you’re overlooking is that those homes would never have gone up in value as long as y’all were there.
 

LordSinister

One Punch Mayne
Super Moderator
But what you’re overlooking is that those homes would never have gone up in value as long as y’all were there.
They would have if we were allowed to be independent. In the 70's we had black families and community.

I grew up in Inglewood. My father was a chemist. My best friends father was an airplane mechanic. My other best friends father was a bodyguard for the Jackson 5 and a sparing partner for Ali. We all grew up in south central LA.

By the time I was 15 only my parents were still married, my buddies dad that was a bodyguard lost his store on 44th and Arlington and the Koreans moved in.

Unless you're from a neighborhood in a large metropolitan city, you will never understand how valuable our property was and is.

My family moved from downtown to century and Crenshaw in 67. Pops paid 20K for a home. Now the Rams and Chargers play down the street. That 20k is 650k now.

We owned these homes and many sold or lost them
 

VAiz4hustlaz

Proud ADOS and not afraid to step to da mic!
BGOL Investor
They would have if we were allowed to be independent. In the 70's we had black families and community.

I grew up in Inglewood. My father was a chemist. My best friends father was an airplane mechanic. My other best friends father was a bodyguard for the Jackson 5 and a sparing partner for Ali. We all grew up in south central LA.

By the time I was 15 only my parents were still married, my buddies dad that was a bodyguard lost his store on 44th and Arlington and the Koreans moved in.

Unless you're from a neighborhood in a large metropolitan city, you will never understand how valuable our property was and is.

My family moved from downtown to century and Crenshaw in 67. Pops paid 20K for a home. Now the Rams and Chargers play down the street. That 20k is 650k now.

We owned these homes and many sold or lost them

You're looking at this anecdotally and not empirically. Lack of wealth is baked into ADOS as a social caste. Just having a black neighborhood means that it will be undervalued. That 20k would not be 650k if that area was still majority black.

The devaluation of assets in black neighborhoods
The case of residential property

Homeownership lies at the heart of the American Dream, representing success, opportunity, and wealth. However, for many of its citizens, America deferred that dream. For much of the 20th century, the devaluing of black lives led to segregation and racist federal housing policy through redlining that shut out chances for black people to purchase homes and build wealth, making it more difficult to start and invest in businesses and afford college tuition. Still, homeownership remains a beacon of hope for all people to gain access to the middle class. Though homeownership rates vary considerably between whites and people of color, it’s typically the largest asset among all people who hold it.

If we can detect how much racism depletes wealth from black homeowners, we can begin to address bigotry principally by giving black homeowners and policymakers a target price for redress. Laws have changed, but the value of assets—buildings, schools, leadership, and land itself—are inextricably linked to the perceptions of black people. And those negative perceptions persist.

Through the prism of the real estate market and homeownership in black neighborhoods, this report attempts to address the question: What is the cost of racial bias? This report seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

In analyzing the devaluation of black homeownership, this report finds:

  • Majority-black neighborhoods hold $609 billion in owner-occupied housing assets and are home to approximately 10,000 public schools and over 3 million businesses. We find that in the average U.S. metropolitan area, homes in neighborhoods where the share of the population is 50 percent black are valued at roughly half the price as homes in neighborhoods with no black residents.
  • According to our analysis, differences in home and neighborhood quality do not fully explain the devaluation of homes in black neighborhoods. Homes of similar quality in neighborhoods with similar amenities are worth 23 percent less ($48,000 per home on average, amounting to $156 billion in cumulative losses) in majority black neighborhoods, compared to those with very few or no black residents.
  • In U.S. metropolitan areas, 10 percent of neighborhoods are majority black, and they are home to 41 percent of the black population living in metropolitan areas and 37 percent of the U.S. black population. Though most residents are black (14.4 million non-Hispanic blacks) by definition, approximately 5 million non-black Americans live in majority black neighborhoods.
  • Metropolitan areas with greater devaluation of black neighborhoods are more segregated and produce less upward mobility for the black children who grow up in those communities. This analysis finds a positive and statistically significant correlation between the devaluation of homes in black neighborhoods and upward mobility of black children in metropolitan areas with majority black neighborhoods.

 

VAiz4hustlaz

Proud ADOS and not afraid to step to da mic!
BGOL Investor
They would have if we were allowed to be independent. In the 70's we had black families and community.

I grew up in Inglewood. My father was a chemist. My best friends father was an airplane mechanic. My other best friends father was a bodyguard for the Jackson 5 and a sparing partner for Ali. We all grew up in south central LA.

By the time I was 15 only my parents were still married, my buddies dad that was a bodyguard lost his store on 44th and Arlington and the Koreans moved in.

Unless you're from a neighborhood in a large metropolitan city, you will never understand how valuable our property was and is.

My family moved from downtown to century and Crenshaw in 67. Pops paid 20K for a home. Now the Rams and Chargers play down the street. That 20k is 650k now.

We owned these homes and many sold or lost them


Black wealth not protected by homeownership

Blacks who purchased their first homes between 2000 and 2010 would have been wise to hold on to their money instead.

According to new research from Johns Hopkins University, blacks were much more likely than whites to experience major declines in their overall net worth -- regardless of whether they bought their homes before or during the Great Recession.

"We expected that both whites and blacks would lose if they purchased right around the recession and they did," said Sandra Newman, a professor of policy studies at Johns Hopkins who co-authored the report.

But what the researchers didn't expect were such stark racial differences.

For example, blacks who purchased their first home between 2003 and 2005 suffered a 23% loss in net worth. In the same period, the net worth of white first-time homebuyers jumped as much as 50%.

The disparity persisted after the housing market crashed.

Between 2007 and 2009 -- the peak of the subprime mortgage crisis -- net worth for black first-time homebuyers decreased 43%, compared to 33% for whites.

Net worth, or wealth, is defined as the value of assets including a home, retirement savings and earnings -- minus the debt owed against those assets.

The racial wealth gap in the United States has been consistently wide for decades. Median wealth for white families hovers at about $134,000, compared to blacks at approximately $11,000 and Hispanics at around $13,900. Blacks also tend to earn less than whites.

As a result, the majority of wealth that people of color tend to accumulate is connected to the value of their home.

"It's of great concern, because for many of these families that was their wealth, that's what they have," Newman said.

Related: Even with college degress, blacks and Hispanics fall

Part of the reason why blacks lost wealth is because their homes did not appreciate in value as much as those owned by whites, particularly if those homes are in majority black communities that experienced high rates of foreclosure and declining rates of homeownership.

In fact, the loss in net worth was so significant for blacks, some families may have been better served had they not bought homes at all.

"If they were renting they would not have lost all this equity in the home," Newman said. "They could have invested that money or put it under the mattress."


 

LordSinister

One Punch Mayne
Super Moderator
I understand what you're saying. I'm not arguing this at all, I'm saying the bait and switch hurt us badly. Whites fled the inner cities when we came. We traded those homes for the burbs or simply lost them due to taxes, loss of income or shit like building a highway through our neighborhoods.

Those that managed to keep these properties did a lot better than those that couldn't.

That's a simple fact. None of my friends who's family managed to keep what the previous generation built are worse of than those that couldn't.

There's a reason why they run our community into the ground.
 

KingTaharqa

Greatest Of All Time
BGOL Investor


Brother please dont post rappers and Charlamagne in this thread. If something serious is happening in Jamaica life or death, we dont start posting Beenie Man and Bounty Killer. We have politicians and economist working on this, you should post them. Killer Mike and Charlamagne have no cred in our community and arent knowledgeable.

The headline is very wrong anyway, land without resources or cash is WORTHLESS in AmeriKKKa.
 

KingTaharqa

Greatest Of All Time
BGOL Investor
So for the record ADOS is posting Sandy Darity and talking lineage in this thread.

The black immigrants and Brits who've posted, have posted TI, Charlamagne, Killer Mike, Meechee X. And a vid that argues against cash reparations.

Now do yall understand why black immigrants and non-ADOS cant lead our justice claim movements here in AmeriKKKa? Most black immigrants dont know any Black American thought leaders or intelligencia, just rappers, athletes, youtubers and thats all we are viewed as, same as the cacs.
 

VAiz4hustlaz

Proud ADOS and not afraid to step to da mic!
BGOL Investor
So for the record ADOS is posting Sandy Darity and talking lineage in this thread.

The black immigrants and Brits who've posted, have posted TI, Charlamagne, Killer Mike, Meechee X. And a vid that argues against cash reparations.

Now do yall understand why black immigrants and non-ADOS cant lead our justice claim movements here in AmeriKKKa? Most black immigrants dont know any Black American thought leaders or intelligencia, just rappers, athletes, youtubers and thats all we are viewed as, same as the cacs.

Thank you! Wish I had mod privileges in this thread so I could remove the bullshit. They hate to post legitimate scholarship or real economic data from people who are actually trained in these fields.

 

LordSinister

One Punch Mayne
Super Moderator
Thank you! Wish I had mod privileges in this thread so I could remove the bullshit. They hate to post legitimate scholarship or real economic data from people who are actually trained in these fields.
That's the hard part of being a mod here. People post bullshit like the Earth is flat that's completely horse shit but I leave it up to debate.

The article that KT posted with a breakdown of the actual percentages of cac family that grew prosperous off of our ancestors is a perfect tool to hammer in the skull of white people that say the civil war was about "States Rights."

You can't simply edit or throw out opinions here. The lunacy is part of this place. Facts usually trump bullshit in the long run here except for the trolls.
 

Mr. Met

So Amazin
BGOL Investor
Some of y'all need to get off your high horse with these rappers.

They're familiar with ADOS and want to help, and hate the fuck boys....lol.

@10:55

 

HeathCliff

Rising Star
BGOL Investor
https://www.cnbc.com/2020/08/12/slavery-reparations-cost-us-government-10-to-12-trillion.html



Support for a program to pay reparations to descendants of slaves is gaining momentum, but could come with a $12 trillion price tag
PUBLISHED WED, AUG 12 20201:13 PM EDT

KEY POINTS
  • A movement supporting reparations as a way to make amends for the atrocities of slavery and to reduce the persistent wealth gap is gaining momentum.
  • One hundred and forty-two members of Congress support H.R. 40, the bill to study reparations.
  • William Darity, professor of public policy at Duke University, estimates a concrete program could cost the U.S. government between $10 trillion and $12 trillion.
Reparations for slavery has been fiercely discussed in the United States since Union Army Gen. William Tecumseh Sherman promised 40 acres and a mule to 4 million freed slaves in 1865. While Americans don’t generally support a reparations program paid by taxpayers, this summer’s events have shifted the once overlooked topic into the national debate.
One hundred and forty-two members of Congress have co-sponsored H.R. 40, the Commission to Study and Develop Reparation Proposals for African-Americans Act, compared with only two in 2014. Even Joe Biden, the presumptive 2020 Democratic presidential nominee, has said he supports the study, representing a change on the issue.
William Darity, professor of public policy at Duke University, has studied the rationale and design of reparations for more than 30 years. He says, “the present moment seems to afford more of an opportunity to move forward than any moment I’ve experienced in my lifetime.”
Cost
This spring, Darity and his wife, Kirsten Mullen, made the most comprehensive case for a reparations program in their latest book “From Here to Equality: Reparations for Black Americans in the Twenty-First Century.” They argue a meaningful program to eliminate the existing Black-White wealth gap requires an allocation of between $10 trillion and $12 trillion, or about $800,000 to each eligible Black household. But not everyone agrees that now is the time to pay reparations.
“Our national debt is already now up to around $26-27 trillion given the money we’re spending on Covid,” says Michael Tanner, senior fellow at the Cato Institute. “And we’re losing more money because we’re not picking up the revenue because economic growth is so slow right now. This hardly seems the time to burden the economy with more debt, more taxes. Essentially what you want to do is stimulate economic growth for all our benefits.”
Baby bonds
Proposals on cost, eligibility and the form in which payments are allocated vary greatly depending on study and author. Darrick Hamilton, a professor of public policy at Ohio State University, often speaks about “baby bonds,” a form of trust accounts for all newly born children, as a powerful tool to complement reparations. These products, similar to children’s savings accounts, have been found to be especially impactful for low- and moderate-income children as it can foster a college-bound identity and to help pay for higher education, a home, or starting a business. According to one study, it can decrease the Black-White wealth disparity by more than 10 times. It is also much cheaper than reparations. Every year, about 4 million children are born. If every account was seeded by about $25,000, the program could cost the government about $100 billion.
“One hundred billion is about 2 percent of federal expenditures now. It is much less than we spend with our tax policy on subsidizing the assets of the wealthy,” says Hamilton. “We spend about $500 billion on reductions in capital gains and mortgage interest reductions. So if one were to think about the cost of baby bonds, the scale of other asset expenditures, it pales in comparison.”
Local efforts
Local efforts to fund reparations have started to develop. Recently, the city council of mostly White Asheville, North Carolina, voted to apologize for slavery and offer funding to help Black homeowners and businesses. Evanston, Illinois, made a similar move in 2019, using tax proceeds from recreational cannabis sales to fund the program.
Glenn Loury, professor of economics at Brown University, is an outspoken opponent of reparations for Black Americans. He says that “the real issue here are differences between the populations in the capacity to generate wealth. If you redistribute, you may have a short term impact, but in the long run, unless the differences in these populations, in their capacity to generate wealth, to start a business, to effectively take risks, to save and accumulate within their families, the underlying structure will push you back into a situation of inequality again.”
Public opinion
While Americans are still far from supporting a reparations program, there’s been a modest shift in public opinion. In 2000 only 4% of Whites supported monetary compensation to descendants of enslaved people, according to the results of a survey of public opinion published in the journal Du Bois Review. This year, according to a Reuters poll, 1 in 10 Whites support such a program.
The U.S. is still far from a concrete compensation plan. But the recent events following George Floyd’s death and the coronavirus pandemic, which has disproportionately affected Black Americans, might change the conversation.
 

14damoney

Rising Star
OG Investor
THIS thread is some BULLSHIT...

I understand the need (for the people this is directed to) to receive ALL this info...

Trust me that "I understand"...

But ALLAYALL CO-Signing this Reperation shit are "on the losing team..."

Just like Michael Jackson in "The Wiz":

"... You Can't WIN..."

[ "... You can't BREAK EVEN and you can't get out of tthe GAME..."]

ALL because you don't know who the FUCK you really ARE!!!

Keep being "BLACK" (the name they made for you so that they can LEGALLY treat you AS DEAD...

Yeah ST00PID Muhfuckas, keep doing that dumb shit...

Y'all are looking like ready SHEEP for the SLAUGHTER right about now...

You fucking FOOLS...

YOU.ARE.NOT.BLACK...

Not really...

(At least not a good portion of you
...)

I take that back... You ARE what you "THINK" you are...

You have been CONVINCED that you are "Black"...

So most of you ARE "Black"...

"Black" & "Dunb-As-Fuck"...


YOU ARE TRYING TO GET REPARATIONS UNDER A CLASSIFICATION THAT SOME OTHER MAN GAVE TO YOU...

He got BOOBY-TRAPS ALL up in the name you embrace for yourselves - "BLACK"...

Legally, "Black"= "DEAD"...

So you got a bunch of DEAD muhfuckas demanding REPARATIONS from a system that GAVE THEM THAT LOADED BOOBY-TRAP NAME to keep them from ever practically from ever laying claim on shit.

As long as you think you're BLACK, and you don't know who you really are, then...

You...

can't...

win...





Notice that symbolically, the crows are BLACKbirds who have learned ALL their life that they are BLACK...

They fucking with him because he's actually trying to learn more about himself. They remind him to be in the BLACK identity that THEY have...

I KNOW some of y'all are AGENTS (like them CROWS)...

It's like you introduce yourself to someone with YOUR name; and they start introducing you to others as "person who doesn't exist"...

Then, they start educating YOUR KIDS that your name is "I don't exist"...

I don't care if your skin color is DEEP PURPLE...

You are not BLACK...

Legally, It's NOT a COLOR...

It is a STATUS...


I like how dudes keep posting graphs and charts affiliated with the term BLACK as if that means something...

It don't mean shit...


Are y'all the STRAWMAN that is trying to find his/ her REAL IDENTITY, or are you the DUMB BRAINLESS ONE getting his ass whooped by CROWS???

I fear MOST of y'all are DUMB & BRAINLESS...


https://images.app.goo.gl/xUSGx6YDozebgGt7A


You BLACK (not-knowing who you really are-ass-ninjas) are digging your OWN GRAVES with that classification...

They keep changing the name for DUMB FUCKS...

It used to be ,Black" & "African - American"...

Now the new Dumbfuck name is ADOS...

Any name to keep you from your TRUE INHERITANCE of the AMERICAS...

You Dumb "Bastids"...
 
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