It is that time of year again… reparations are being dangled by politicians to lure in voters.
This time, however, it could cost taxpayers in California.
Reports are now breaking that the San Francisco African American Reparations Advisory Committee has recommended $5 million reparations payments to all eligible residents.
Reparations are quite possibly one of the most ridiculous bribes that politicians have going today.
The premise behind them is ridiculous, trying to hold people today accountable for something that happened over a century ago, most of whom have no link whatsoever to slave ownership.
There have been all kinds of numbers getting tossed around on this front, but the San Francisco number would probably put the city in debt for eternity.
With a recommendation of $5 million per eligible resident, the program would cost the city about $50 billion, which is almost four times the annual budget of $14 billion.
The Committee stated, “A lump sum payment would compensate the affected population … and will redress the economic and opportunity losses that Black San Franciscans have endured, collectively, as the result of both intentional decisions and unintended harms perpetuated by City policy.”
In addition to the reparations payment, the Committee also suggested wiping out all debt associated with education, personal credit, credit cards, and payday loans for black households.
This panel was first convened in May 2021 and this is what they have come up with.
The report by the committee added, “Reparation must be adequate, effective, prompt, and should be proportional to the gravity of the violations and the harm suffered.”
How could the city possibly afford such a program?
Keep in mind, California has had a mass exodus over the last two years, and it will get much worse if a program like this comes to fruition. Over the next two years, San Francisco has had so many people leave the city that it is expected to have a budget shortfall of $728 million.
If nobody is paying those taxes, exactly how do they plan on paying out these reparations?
Source: New York Post