American Reparations - 'Shakedown' Cost Analysis

And speaking of morality, critics should be sure that their opposition isn't really just about the money. ...Imagine if those demanding reparations were willing to accept a token and symbolic victory of one penny each — accompanied by a heartfelt apology from the federal government and even a day of fasting and prayer from the American people — wouldn't it be at least a lot harder to argue against the proposal? Federal bureaucrats lose more loose change than that under the couch cushions every day
-- Jonah Goldberg, March 2001

Edited by M.D.C.Bowen
last updated April, 2001

There is a very simpleminded idea about reparations which has been racialized and made to seem to be something other than it is. Often the assumption made is that reparations are a racial shakedown. It seems to me that the first thing to understand would be the costs on that admittedly worse case basis. This gives us an idea of what might be suggested and along what lines for a more reasonable settlement.

 

 
According to the 1990 Census there were about 31 Million African Americans. Today that figure is closer to 36 Million. We can guess that is about 10 Million African American families. So assuming we take those five Federal programs as a benchmark for a reparations settlement we could imagine the benefits to each family.
  Expense Reparation Dividend
Nasdaq Bubble 5,700,000,000,000                 570,000
GWB Tax Cut   1,300,000,000,000                 130,000
S&L Bailout     355,000,000,000                   35,500
Vietnam War     120,000,000,000                   12,000
Star Wars       26,000,000,000                     2,600
LTCM

2,300,000,000

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