Reparations are a serious issue so it really seems ridiculous that it hasn’t been properly discussed but maybe the real reasons is that the amount owed is just too high for the country to even consider.
Every man, women and child who descended from those ensalved in the USA would and should be entitled to reparations for the forced labor, torture and disrespect caused to their ancestors.
But if I were to tell you it would cost at very very very minimum nearly $60 trillion to fulfill such a thing then you can begin to see how from a political and economical perspective things get a little difficult.
So where does the $59.624 Trillion number come from?
Activist teacher crunched the numbers using some very basic calculations. Here is what he had to say:
“If we leave out the reparations for physical violence, genocidal stress, inadmissibility to superior social classes, etc., and only take into account the stolen labor, at the today’s equivalent minimum wage, then the calculation for the minimum amount due to the descendants of slaves is a simple one, as follows.”
70 years (1790 to 1860 period only)
2 million slaves (average number in the period used)
365 days per year (OK, maybe I should exclude one day off per week?)
10 hours of work per day (again a minimum)
$7.25 per hour
$ 3.7 trillion
Then with 2% compound interest to 2000:
$ 3.7 trillion
(1.02)^140 (or 16, if you prefer)
$ 59.2 trillion
More details on this calculation can be found here: http://activistteacher.blogspot.ca/2013/01/calculated-minimum-reparation-due-to.html
Holy ****, that’s 1.5 million per person. In fairness the figure seems about right and really if you calculate other factors it should be much much more.
So, should reparations be a much higher demand? Of course it would be near impossible for these numbers to be paid out in one shot but surely it’s about time Washington really addressed this! The longer it goes on the more and more this theoretical figure will rise!
What do you think? Should these reparations at this number be paid?