California Reparations Could Top $800 Billion, Economists for State Panel Say

According to economists advising the state panel in charge of a race reparations plan, California owes up to$ 800 billion and counting to its black residents.

The number, which was given to California’s reparations task force prior to its Wednesday meeting in Sacramento, is almost triple the state of its$ 300 billion annual budget and comes as state leaders are struggling with a$ 25 billion budget deficit. Additionally, it hardly explains a small portion of the” affects” against black individuals that the task force seeks to address financially, such as over-policing, housing discrimination, and mass incarceration. According to the plate, the state should also pay compensation for the devaluation of gray businesses and the seizure of eminent domains.

Even as think Democrats tout their time as a first-in-the-nation initiative that could serve as an example for regional reparations, the sky-high plan seems to get cash reparation more unlikely and infeasible. Costly payments have also been suggested by San Francisco’s special reparations task force, which is why there is a debate over compensation payouts. One panel member suggested that$ 500 million individual payments would be reasonable after the task force received criticism for suggesting that the city pay$ 5 million to each black resident.

The great restitution recommendations made on paper are already being signaled by members of the state task force that they are unlikely to materialize. The term” restitution” refers to more than just cash payment and may need new government initiatives, according to sympathetic media outlets.

Democratic assemblyman Reggie Jones – Sawyer, who sits on the compensation panel on behalf of the State Assembly, told Cal Matters that the policy recommendations to stop discrimination from continuing to be the” actual meat” rather than the actual payment themselves make up the repayment plan.

Amos Brown, a pastor and the head of the NAACP in San Francisco, who serves on the state task force as well as the independent screen, also criticized the system this month. He claimed to NBC Bay Area that by endorsing the plan without providing any information about how they will fund it, place politicians gave dark San Franciscans fake hope.

By this summers, the state task force must deliver the California legislature’s last system. The ideas will then need to be adopted by politicians, who must now come up with a solution to pay for them.