General Discussion
In reply to the discussion: Should we pay Reparations for Slavery? [View all]JustAnotherGen
(31,823 posts)For the period of 1932 to 1970 ( 40, 50, 60, 70) census of you or your ancestor were on the Census as Negro/Black - you get a 5 % tax break for 36 Years. That's the time of Red Line Laws - which allowed non blacks to accumulate wealth.
They always have a lame added excuse about well how do we know who was a slave and who wasnt?
Our Grandparents, parents, older siblings, and older cousins were all accounted for in those census records. If a few immigrants from Africa or the Carribean get through then so be it. They were harmed by the resulting stain of slavery too.were
Let's take the 5% to the next level. Just as there are college savings accounts create a class/type of savings called Red Equalization. If you put your 5% into that or a college savings, then the next year you get 7%.
It's the easiest way to build wealth and does not require white folks to pay anything. Just allows those of us who would fit the criteria to keep more.