A San Francisco committee is offering a $5 million reparations gift to every longtime black resident…Here are the incredible details. – The Informant

A San Francisco committee is offering a $5 million reparations gift to every longtime black resident…Here are the incredible details.

Published on 17.1.2023

Democratic lawmakers in San Francisco, a city plagued by homelessness and crime, have proposed that every longtime black resident be given $5 million and enjoys full debt forgiveness, prioritizing their anti-racism agenda over other city issues.

Tent city in San Francisco

The payout was proposed by the San Francisco African American Reparations Advisory Committee, which says the reparations are intended to compensate for the “systematic repression” endured for decades by the black community.

Since California was not a slavery state, these reparations are intended to “remedy public policies explicitly created to subjugate black people in San Francisco by maintaining and expanding the intent and legacy of slave slavery.” as stated in the draft report of this proposal.

“Although neither San Francisco nor California officially adopted the institution of chattel slavery, the principles of segregation, white supremacy, and the systematic suppression and exclusion of black people were codified by legal and extra-legal actions, social codes and judicial enforcement measures,” the draft report states.

The draft expands on the committee’s reasoning behind the proposed amount, saying, “A lump sum payment will compensate the affected population for the decades of harms they have suffered, and repair the economic and opportunity losses that black people in San Francisco have suffered.” endured, collectively, as a result of intentional decisions and unintended harms perpetuated by city policy”.

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“Black households are more likely to hold more expensive and riskier debt, and are more likely to have outstanding student loan debt,” the project adds. “When this is combined with lower household incomes, it can create an inescapable cycle of debt. Eliminating this debt gives black households the opportunity to build wealth. »

The proposal also suggests that the City of San Francisco “formally apologize for past harms, and commit to making substantial, ongoing, systemic, and programmatic investments in Black communities to address historical harms.”

To qualify for this massive payment, black residents aged 18 or older must meet at least two of several conditions, such as being born in the city or having migrated there between 1940 and 1996, and then having lived there for at least 13 years.

It’s unclear how many people might qualify, but, if the proposal passes, just 10,000 qualified beneficiaries would cost the already struggling city at least $50 billion.

The committee plans to submit its proposal to Mayor London Breed, as well as the San Francisco Board of Supervisors and the San Francisco Human Rights Commission, in June.

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