Reparations for Black Americans will cost up to $14 trillion and ‘could finally lead to closure,’ economist Sandy Darity says
Story by Greg Robb •
Black Americans whose ancestors were enslaved have been excluded from full citizenship in the United States for the last 247 years — and granting them full citizenship will cost between $13 trillion and $14 trillion, economist William “Sandy” Darity told a conference of fellow U.S. economists last week.
To see the impact of second-class citizenship on Black Americans, look no further than the racial wealth gap, Darity, a professor of public policy at Duke University, said during a panel on inequality at the American Economic Association meetings.
The “central task” of reparations policy is to raise the level of Black assets to a level sufficient to match the average net worth of white Americans, Darity said. Only this will produce the material conditions for full citizenship for Black Americans, he said.
READ MORE: Reparations for Black Americans will cost up to $14 trillion and ‘could finally lead to closure,’ economist Sandy Darity says
https://www.msn.com/en-us/money/markets/re...
Posted By: Dea. Ron Gray Sr.
Friday, January 13th 2023 at 10:39AM
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