how much would reparations actually cost?
at the risk of creating a /pol/ bait thread, has anyone ever run the numbers on roughly how much money is owed in wages/dividends/fees to slaves/descendents of slaves in the U.S.? would you figure they are owed whatever the minimum wage was at the time adjusted for inflation? perhaps prevailing wage would be used instead? has there ever been any legislative movement to seriously look at the numbers and determine the cost? I wonder what a comparison of the projected cost of reparations and monies paid out to black welfare recipients would look like. I apologize again for this seeming like obvious bait but I'm genuinely curious
Immediate Answer: They owe us for the crime they commit and the welfare we gave them.
>genuinely curious
Oh fine. Some simple google-fu tells us there were 4 million nigs in the South at peak slavery. Since whole families were enslaved, lets assume half of those were working age men who would have garnered payment [this is an unreasonably high number, but we're doing napkin math so who cares]
In Virginia the average wages for a farm hand in 1850 was about $8.43 a month, which is $253.77 in 2017 dollars.
So 2 million slaves paid 253.77 a month [or $3,045.24 a year], assume they're working 40 years each gives us a price of $121,809.60 to be paid to each of the 2 million slaves.
Meaning they get $243,619,200,000 to be distributed to the approximately 42,000,000 American blacks, meaning each African American would receive...
$5800.46
African-Americans still need to give the Jews reparations for enslaving them in Egypt.
There are about 42 million blacks in the US. If they each got $1,000 a year to help them, it'd cost $504 billion a year, making it the 4th largest federal spending program behind Welfare/social security ($1.2 Trillion), Healthcare ($1 Trillion), and the Military (~$680 billion)
>>3185236
>how much would reparations actually cost?
0 (zero) $
It's a private debt (IF it could be considered as a debt, wich is not a given), heirs can't be sued, let alone over generations.