HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Should we pay Reparations... » Reply #24

Response to Soph0571 (Original post)

Sun Nov 25, 2018, 01:11 PM

24. Yes.

A long time ago, I read Randall Robinson's book The Debt. I recommend it to anyone interested in this issue.

Randall Robinson has many videos and articles online.

https://www.c-span.org/video/?c4352483/randall-robinson-reparations

This article, by Chuck Collins, who deems himself "one of the 1%" in terms of wealth, points out how whites have benefited from their own "Affirmative Action":

In the case of racial economic divisions, the full horror of dispossession remains difficult to grasp. In 1965, a century after the formal end of slavery, African-Americans were still largely excluded from programs that helped build middle-class wealth. In the decades following World War II, our nation made unprecedented public investments to subsidize debt-free college education and low-cost mortgages. But these wealth-building measures benefited millions of mostly white households.


It is true, of course, that many people have not shared in the economic gains equally, thanks to four decades of hyper-inequality. Today, the wealthiest 100 billionaires in the US have as much wealth as the entire African-American population combined. For this reason, I propose two concrete mechanisms to fund a national Reparations Trust Fund. The first is a graduated tax on wealth and inherited wealth. Households with wealth in excess of $5 million would pay a 1% tax, but rates would climb for billionaire households.

Secondly, I propose that the fund be capitalized in part by hefty penalties on wealthy individuals and corporations that attempt to move their funds “off-shore” or into complicated trusts to avoid taxation and accountability. There would also be stiff penalties assessed on wealth managers who aid and abet these wealth escapes by creating trusts and off-shore subsidies for the sole purposes of tax dodging.


He goes on to list the forms reparations may take. Sounds great to me, and it would signal that the US is ready to move forward and truly invest in ALL of its people.

The commission could investigate many different forms of reparations. In his book published, The Debt: What America Owes to Blacks, Randall Robinson talks about a wide range of ways that reparations could be used, including the funding of cultural institutions, community initiatives, direct cash grants, and targeted wealth-building programs.


https://qz.com/1012692/this-is-what-reparations-could-actually-look-like-in-america/

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 163 replies Author Time Post
Soph0571 Nov 2018 OP
JonLP24 Nov 2018 #1
WhiskeyGrinder Nov 2018 #2
hlthe2b Nov 2018 #3
brooklynite Nov 2018 #4
Soph0571 Nov 2018 #6
shanny Nov 2018 #55
brooklynite Nov 2018 #89
shanny Nov 2018 #156
fescuerescue Nov 2018 #139
Eliot Rosewater Nov 2018 #61
whathehell Nov 2018 #63
brush Nov 2018 #66
brooklynite Nov 2018 #92
brush Nov 2018 #93
brooklynite Nov 2018 #97
Cernunnos_x Nov 2018 #147
USALiberal Nov 2018 #5
smirkymonkey Nov 2018 #13
IphengeniaBlumgarten Nov 2018 #14
area51 Nov 2018 #48
brush Nov 2018 #70
whathehell Nov 2018 #67
brush Nov 2018 #68
Eliot Rosewater Nov 2018 #83
JustAnotherGen Nov 2018 #150
brush Nov 2018 #161
Laffy Kat Nov 2018 #7
Soph0571 Nov 2018 #8
Pope George Ringo II Nov 2018 #102
Iggo Nov 2018 #9
metroins Nov 2018 #10
shanny Nov 2018 #11
Takket Nov 2018 #12
brush Nov 2018 #71
Garrett78 Nov 2018 #15
Autumn Nov 2018 #16
brush Nov 2018 #72
Autumn Nov 2018 #75
brush Nov 2018 #79
Autumn Nov 2018 #84
brush Nov 2018 #88
brush Nov 2018 #80
fescuerescue Nov 2018 #141
johnp3907 Nov 2018 #17
MichMan Nov 2018 #29
cwydro Nov 2018 #34
SCantiGOP Nov 2018 #18
Soph0571 Nov 2018 #21
brush Nov 2018 #73
JustAnotherGen Nov 2018 #152
lunatica Nov 2018 #19
Drahthaardogs Nov 2018 #20
Soph0571 Nov 2018 #22
Drahthaardogs Nov 2018 #35
Soph0571 Nov 2018 #36
Drahthaardogs Nov 2018 #39
Soph0571 Nov 2018 #40
Drahthaardogs Nov 2018 #41
cwydro Nov 2018 #44
Drahthaardogs Nov 2018 #46
cwydro Nov 2018 #90
JustAnotherGen Nov 2018 #153
violetpastille Nov 2018 #60
MountCleaners Nov 2018 #117
brush Nov 2018 #76
Drahthaardogs Nov 2018 #86
brush Nov 2018 #91
Drahthaardogs Nov 2018 #95
brush Nov 2018 #96
Drahthaardogs Nov 2018 #98
brush Nov 2018 #103
MichMan Nov 2018 #100
brush Nov 2018 #106
fescuerescue Nov 2018 #142
brush Nov 2018 #143
fescuerescue Nov 2018 #145
brush Nov 2018 #146
JustAnotherGen Nov 2018 #151
brush Nov 2018 #74
Kaleva Nov 2018 #23
Drahthaardogs Nov 2018 #42
brush Nov 2018 #78
JustAnotherGen Nov 2018 #155
cwydro Nov 2018 #43
Kaleva Nov 2018 #47
LineReply Yes.
MountCleaners Nov 2018 #24
dameatball Nov 2018 #126
unitedwethrive Nov 2018 #25
JustAnotherGen Nov 2018 #26
brush Nov 2018 #107
JustAnotherGen Nov 2018 #149
brush Nov 2018 #160
JustAnotherGen Nov 2018 #163
violetpastille Nov 2018 #27
Jake Stern Nov 2018 #28
JCMach1 Nov 2018 #30
Raine Nov 2018 #99
LAS14 Nov 2018 #110
elocs Nov 2018 #31
LeftInTX Nov 2018 #32
malchickiwick Nov 2018 #33
Soph0571 Nov 2018 #37
Freelancer Nov 2018 #38
cyclonefence Nov 2018 #45
VOX Nov 2018 #111
Xolodno Nov 2018 #112
Downtown Hound Nov 2018 #49
Adrahil Nov 2018 #50
Eliot Rosewater Nov 2018 #62
Adrahil Nov 2018 #64
Kaleva Nov 2018 #81
Eliot Rosewater Nov 2018 #82
Kaleva Nov 2018 #94
VOX Nov 2018 #124
MichMan Nov 2018 #125
VOX Nov 2018 #138
Kaleva Nov 2018 #140
brooklynite Nov 2018 #104
Eliot Rosewater Nov 2018 #113
brooklynite Nov 2018 #116
cwydro Nov 2018 #119
Eliot Rosewater Nov 2018 #121
brooklynite Nov 2018 #127
Eliot Rosewater Nov 2018 #129
brooklynite Nov 2018 #133
Eliot Rosewater Nov 2018 #134
cwydro Nov 2018 #122
George II Nov 2018 #136
Eliot Rosewater Nov 2018 #162
George II Nov 2018 #137
doc03 Nov 2018 #51
JonLP24 Nov 2018 #52
InAbLuEsTaTe Nov 2018 #53
Blue_true Nov 2018 #54
LeftInTX Nov 2018 #148
aikoaiko Nov 2018 #56
randr Nov 2018 #57
Luciferous Nov 2018 #59
Luciferous Nov 2018 #58
whathehell Nov 2018 #65
marlakay Nov 2018 #69
flibbitygiblets Nov 2018 #77
JI7 Nov 2018 #85
wasupaloopa Nov 2018 #87
Raine Nov 2018 #101
LiberalFighter Nov 2018 #105
Historic NY Nov 2018 #108
MichMan Nov 2018 #109
Xolodno Nov 2018 #115
MuseRider Nov 2018 #114
LuckyCharms Nov 2018 #118
Tarc Nov 2018 #120
ismnotwasm Nov 2018 #123
JI7 Nov 2018 #144
mucifer Nov 2018 #128
Mike Nelson Nov 2018 #130
VOX Nov 2018 #131
Xolodno Nov 2018 #132
roamer65 Nov 2018 #135
rampartc Nov 2018 #154
jcmaine72 Nov 2018 #157
Afromania Nov 2018 #158
Afromania Nov 2018 #159
Please login to view edit histories.