Task Force Considers Reparations Costing $800 Billion for Black Californians
Economists have informed a California panel considering reparations that it could cost over $800 billion to compensate Black residents for generations of over-policing, disproportionate incarceration, and housing discrimination.
According to the A-P, the preliminary estimate is more than 2.5 times California’s annual budget of $300 billion, and it does not include compensation for property unjustly taken by the government, devaluing Black businesses, or health disparities that have shortened the life spans of older Black residents. However, it is uncertain whether Black residents will receive cash payments because the state may not adopt the economists’ calculations.
The reparations task force is scheduled to discuss the figures this week and can vote to adopt the suggestions or develop its own.