• Latest
  • Trending
Economist Puts $12 TRILLION Price Tag on Reparations for Black Community

Economist Puts $12 TRILLION Price Tag on Reparations for Black Community

08/19
NYC Subway Killer Had 19 Prior Arrests, Was Free due to ‘Bail Reform’

NYC Subway Killer Had 19 Prior Arrests, Was Free due to ‘Bail Reform’

05/24
Global Food Prices Surge to Record Highs, U.N. Agency Says

World May Have Just ’10 Weeks’ of Wheat Supplies Left in Storage

05/24
Majority of U.S. Voters Say Their Financial Situation is Worsening

Majority of U.S. Voters Say Their Financial Situation is Worsening

05/24
Asian-Owned Jewelry Store Employees Fend Off Smash & Grab Robbers in California

Asian-Owned Jewelry Store Employees Fend Off Smash & Grab Robbers in California

05/24
ADVERTISEMENT
EXCLUSIVE: U.S. Air Force Base Hosts Drag Queen Story Time

EXCLUSIVE: U.S. Air Force Base Hosts Drag Queen Story Time

05/24
Kandiss Taylor Responds to Brian Kemp’s Chinese Foreign Exhange Student Spy Deal, Perdue’s Pfizer Dealings

Kandiss Taylor Responds to Brian Kemp’s Chinese Foreign Exhange Student Spy Deal, Perdue’s Pfizer Dealings

05/23
NSBA Wanted National Guard to Monitor School Board Meetings

NSBA Wanted National Guard to Monitor School Board Meetings

05/23
Virginia School Board Considers Restoring the Names of Confederate Generals to Schools

Virginia School Board Considers Restoring the Names of Confederate Generals to Schools

05/23
WEF: Armed Swiss Police Detain Journalist Jack Posobiec in Davos

WEF: Armed Swiss Police Detain Journalist Jack Posobiec in Davos

05/23
Man Shot and Killed Aboard NYC Subway in ‘Unprovoked’ Attack

Man Shot and Killed Aboard NYC Subway in ‘Unprovoked’ Attack

05/23
Air Force Cadets Who Refused Vaccine Will Not be Commissioned

Air Force Cadets Who Refused Vaccine Will Not be Commissioned

05/23
Nevada: Dems Shell Out Millions in Effort to Stop Trump-Backed Joe Lombardo in the GOP Primary

Nevada: Dems Shell Out Millions in Effort to Stop Trump-Backed Joe Lombardo in the GOP Primary

05/22
Tuesday, May 24, 2022
Subscribe
SUPPORT
National File
  • Home
  • Culture
    • Christianity
    • Video Games
    • Marxism
    • Snowflakes
    • Free Speech
  • News
    • Breaking News
    • International News
    • Fake News
    • Exclusive
  • Politics
    • Gun Rights
    • The Swamp
    • Deep State
    • Supreme Court
    • 2020
    • 2022
    • 2024
  • Big Tech
    • Technology
    • Alt-Tech
  • Sports
  • Education
  • Rona’
SUBSCRIBE
  • Home
  • Culture
    • Christianity
    • Video Games
    • Marxism
    • Snowflakes
    • Free Speech
  • News
    • Breaking News
    • International News
    • Fake News
    • Exclusive
  • Politics
    • Gun Rights
    • The Swamp
    • Deep State
    • Supreme Court
    • 2020
    • 2022
    • 2024
  • Big Tech
    • Technology
    • Alt-Tech
  • Sports
  • Education
  • Rona’
No Result
View All Result
National File
SUBSCRIBE
ADVERTISEMENT
Home Culture

Economist Puts $12 TRILLION Price Tag on Reparations for Black Community

Duke University propose slavery reparations bill of almost half of the US National Debt

by Archive
August 19, 2020
in Culture, News, Snowflakes
Economist Puts $12 TRILLION Price Tag on Reparations for Black Community
Share on FacebookShare on Twitter
ADVERTISEMENT

A Duke University economist has put a $12 trillion price tag on what he believes to be just reparations for slavery. The economist proposes the hefty sum be disbursed to the descendants of those affected by American slavery.

Duke University economist William Darity Jr. and his wife Kirsten Mullen came to the massive total in a report for the Roosevelt Institute titled, Resurrecting The Promise of 40 Acres: The Imperative of Reparations for Black Americans.

Within the plan, Darity calls for $10 to $12 trillion dollars to be distributed among black households. This would roughly equate to $800,000 per capita, according to Breitbart News.

RelatedPosts

NYC Subway Killer Had 19 Prior Arrests, Was Free due to ‘Bail Reform’

World May Have Just ’10 Weeks’ of Wheat Supplies Left in Storage

Majority of U.S. Voters Say Their Financial Situation is Worsening

ADVERTISEMENT

“Going beyond From Here to Equality, the report provides a full rationale for reparations aimed at erasing the black-white wealth gulf at the mean level of net worth rather than the median level of net worth—an objective that will necessitate a $10 to $12 trillion expenditure in 2016 dollars,” the report explains.

“[The] US government—the culpable party—must pay the debt,” the report states. “Ultimately, respect for black Americans as people and as citizens—and acknowledgment, redress, and closure for the history and financial hardship they have endured—requires monetary compensation.”

Despite the enormous sum demanded, other analysts believe the sum owed to the black community to be higher than $12 trillion.

ADVERTISEMENT

The inordinate demands have long been ridiculed by some economists–given that the total could signify economic catastrophe as the amount is almost half of America’s National Debt; and coronavirus-related business closures alongside increased spending will result in further economic woes.

Reparations has garnered significant recent attention as a political platform to court black support.

The recent Black Lives Matter movement’s resurgence has brought about similar, but more immediate, demands.

One Black Lives Matter leader demanded for white people to give up their homes in an opinion piece for Leo Weekly. Earlier this week, Black Lives Matter activists marched through a neighborhood demanding white residents give up their homes for black people, adding to increasing divisions throughout America as November’s Presidential Elections await around the corner.

 

Tags: Black Lives MatterBLMDuke UniversityEconomistSlaveryWilliam Darity Jr

ADVERTISEMENT

Related Posts

NYC Subway Killer Had 19 Prior Arrests, Was Free due to ‘Bail Reform’
News

NYC Subway Killer Had 19 Prior Arrests, Was Free due to ‘Bail Reform’

May 24, 2022
Global Food Prices Surge to Record Highs, U.N. Agency Says
Economy

World May Have Just ’10 Weeks’ of Wheat Supplies Left in Storage

May 24, 2022
Majority of U.S. Voters Say Their Financial Situation is Worsening
Economy

Majority of U.S. Voters Say Their Financial Situation is Worsening

May 24, 2022
Load More
ADVERTISEMENT

Follow on Insta

  • WEF: Armed Swiss Police Detain Journalist @jackmposobiec in Davos
Posobiec and his film crew were detained for nearly an hour
Read the full story on National File #linkinbio
  • Charges Dropped Against Teen #Rapper Accused of Shooting Police Officer
#Brooklyn drill rapper "C Blu" reportedly shot an NYPD officer in the leg during a scuffle
#linkinbio
  • #Biden Blames #TuckerCarlson for Buffalo Massacre

The president said anyone who talks about replacement "theory" is to blame
#linkinbio
  • Child #sexabuse Center Hires Academic Who Wants to ‘Destigmatize’ #Pedophilia
Allyn Walker wants pedophiles to be referred to as "minor attracted" people in order to "lessen the stigma" 
#linkinbio #childabuse #grooming
  • #Biden #babyformula Crisis Ensnares The Biden Regime And Leads To Scrutiny of Gates-Bezos-Zuckerberg Artificial Breast Milk
The Globalists Want To Go From Chaos To New World Order

#linkinbio
  • Trump Beats Joe Manchin in West Virginia Endorsement Battle
Democrat Joe Manchin
  • Rioters Burn Sri Lanka Leaders’ Homes Amid Economic Crisis
#linkinbio #riot #srilanka #like #share #save #follow #comment #fire #arson #economics #economiccrisis
  • Arizona Parents Sue School District After Former Pres Compiled a ‘Dossier’ on Political Opponents
#linkinbio
  • Amazing Footage of Baby at 20 Weeks Gestation Shows Budding Personality, Detailed Features
Read the full story in National File #linkinbio
  • UPenn, Sponsor of Biden’s Think Tank, Profits From Vaccines And Had Staff Shakeup Over Foreign Money Including ‘CHINA’ Money
Staff Shakeup At UPenn Occurred As Staff Questioned Where The China And Other Foreign Money Was Going
Read the full story on National File #linkinbio
Facebook Twitter Reddit Telegram RSS

Category

  • 2020
  • 2022
  • 2024
  • Alt-Tech
  • Big Tech
  • Borders
  • Breaking News
  • China
  • Christianity
  • Civil Unrest
  • Climate Hysteria
  • commentary
  • Coronavirus
  • Culture
  • Deep State
  • Economic War
  • Economy
  • Education
  • Election Integrity
  • Elections
  • Exclusive
  • Fake News
  • Fake News Media
  • Feminism
  • Free Speech
  • Gun Rights
  • Hate Hoax
  • Human Trafficking
  • Immigration
  • Impeachment
  • International News
  • LGBTQ
  • Life
  • lifestyle
  • Marxism
  • Movies
  • National Security
  • Nationalism vs. Globalism
  • News
  • Opinion
  • Opioid Crisis
  • Politics
  • Radical Islam
  • Related Stories
  • Sex Crimes
  • Snowflakes
  • Soros
  • Sports
  • States
  • Supreme Court
  • Technology
  • The Hill
  • The Swamp
  • Video
  • Video Games
  • Violent Crime
  • Vote fraud
  • Voter Fraud
  • Voter Fraud Investigation
  • White House
  • Wholesome News

Recent News

  • NYC Subway Killer Had 19 Prior Arrests, Was Free due to ‘Bail Reform’
  • World May Have Just ’10 Weeks’ of Wheat Supplies Left in Storage
  • Majority of U.S. Voters Say Their Financial Situation is Worsening

© 2022 NationalFile.com National File, LLC. Privacy. Corrections. About Us. All Rights Reserved.
Have any questions or suggestions? If you are having difficulty unsubscribing from our mail subscription please send an email here [email protected] Want to advertise with us? Please email: [email protected]

No Result
View All Result
  • Home
  • Politics
  • News
  • Culture
  • Coronavirus
  • Sports
  • 2020
  • Breaking News
  • Civil Unrest
  • International News
  • The Swamp
  • Big Tech
  • Deep State
  • Voter Fraud
  • Marxism
  • Free Speech
  • DONATE
  • SUBSCRIBE

© 2022 NationalFile.com National File, LLC. Privacy. Corrections. About Us. All Rights Reserved.
Have any questions or suggestions? If you are having difficulty unsubscribing from our mail subscription please send an email here [email protected] Want to advertise with us? Please email: [email protected]

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In