especially with the voter suppression going on now, you're going to start hearing more and more about this:
"There are 'definitely merits' to reparations, says the first Black Fed president."
"Raphael Bostic, president of the Federal Reserve Bank of Atlanta, is one of the most prominent government officials yet to publicly express support for reparations as a way to address the consequences of racism and inequality in America."
HE GOES ON TO SAY THIS CRITICAL PART:
""The legacies of past racism are still present in our society," said Bostic, who in 2017 became the first Black president of a regional Fed bank. "We have to think about what things are necessary to offset the impacts of those old systems that still flow through."
AND THIS, WHICH IS ACTUALLY THE CONNECTION TO HISTORY:
""We have African Americans today who have a lot less wealth," he said, "in part because they have not been able to inherit the wealth that would have accrued had their ancestors been able to accrue that wealth.""
this part
" have not been able to inherit the wealth that would have accrued had their ancestors been able to accrue that wealth"
IS A REFERENCE TO ANDREW JOHNSON, A SOUTHERNER BECAME PRESIDENT WHEN LINCOLN WAS ASSISINATED, STOPPPING THE PAYMENT OF "40 ACRES AND A MULE' TO FREED SLAVES. "40 ACRES AND MULE" WOULD BE TRILLIONS IN WEALTH TODAY
In fact, there is an economic report out that says the average African American has a 70,000 wealth gap with the average white American. 42 million African Americans?
crazy risk of unintended consequences
