Skip to main content

Reply to "Where should Reparations funds come from?"

quote:
Originally posted by Frenchy:
The definition of fiscal I am using is "having to do with finances" not the definition partaining to government finances.


I'm not speaking on behalf of any movement. Smile

Frenchy,

We are cool on the fiscal vs monetary issue. However, I do think it is worth looking at considering how much money (cash) would be placed into the economy if Africans were to win a class action verdict - or in another miracle - if congress authorized it; the market place would change in the short and long run.
quote:
I very much agree that any upward movement in a capitalist society must address controlling goods/industry. Which is why I want to know how you think Black people go about doing this. Where specifically does the money for improvement come from in a perfect world, if you could instantly think and make it so?

This question is a great one and a source of constant fuss; especially in my conversations with MBM and some others.

I don't have an answer that could satisfy people who support reparations. However, I don't believe that Black folks will take their back pay and use it to build wealth. I don't see non profit organizations or religious organizations using the money to build wealth. Currently, we spend more than we earn and there needs to be a change in this trend before we talk anything about managing cash payments.
×
×
×
×