The Big Payback:Thanks for all the slavery apologies, but where the hell is my mule.
(Good to know what the libs have in store)
An effective program of reparations guided by congressional legislation will achieve three objectives: acknowledgement, restitution and closure.
The effects of American racism are pernicious. To illustrate, we would like to examine just one area of adversity for African Americans—accumulating and passing wealth to subsequent generations.
Estimates derived from the 2002 Survey of Income and Program Participation indicate that median white household net worth is about $90,000 and median black household net worth is about $6,000. Black profligacy or exceptionally poor black portfolio management cannot explain this staggering disparity. Studies by economists Maury Gittelman (U.S. Bureau of Labor Statistics), Edward N. Wolff (New York University), Ngina Chiteji (Skidmore College) and Darrick Hamilton (The New School) show that at each income level, blacks have a savings rate at least as high as whites and earn a slightly higher rate of return on their portfolios.