New York Times Publishes Radical Economic Manifesto Calling for Reparations

[Franklin Pierce]

The New York Times devoted its entire “Sunday Review” section this weekend to an economic manifesto that lays out a radical left-wing vision for redesigning the American economy in the wake of the coronavirus pandemic.

The Times focuses on redressing economic inequality as the main challenge — not economic growth, or job creation.

The lead editorial, among other ideas, calls for the Federal Reserve to target black unemployment instead of overall unemployment: “Instead of targeting overall unemployment, the Fed can correct its aim by targeting the Black unemployment rate. If the Fed provides enough stimulus to bring down Black unemployment, everyone benefits.”

Other economic proposals in the manifesto include a plan for banks to pay reparations: “First, [banks] must apologize for their culpability for and complicity in structural racism. Next, they must commit to serving black people as they do whites.” Four additional steps are proposed: “Cancel consumer debt for black customers”; “Eliminate banking fees for black customers”; “Provide interest-free mortgages to black home buyers”; “Provide interest-free loans to black-owned businesses.”

Another proposal calls for raising the inheritance tax — what Republicans call the “death tax,” because it is payable by the deceased (or their estates):

​

The manifesto also calls for a 28th Amendment to the Constitution to enshrine something called “voter equality,” which appears to mean a guarantee of high turnout among poorer voters. The amendment would grant “all adult citizens the right to vote in federal elections,” with no exceptions.

Another heartfelt essay calls on wealthy Americans to “give up your privilege.”

New York Times Publishes Radical Economic Manifesto Calling for Reparations

 

[landscapingvol]

The New York Times devoted its entire “Sunday Review” section this weekend to an economic manifesto that lays out a radical left-wing vision for redesigning the American economy in the wake of the coronavirus pandemic.

The Times focuses on redressing economic inequality as the main challenge — not economic growth, or job creation.

The lead editorial, among other ideas, calls for the Federal Reserve to target black unemployment instead of overall unemployment: “Instead of targeting overall unemployment, the Fed can correct its aim by targeting the Black unemployment rate. If the Fed provides enough stimulus to bring down Black unemployment, everyone benefits.”

Other economic proposals in the manifesto include a plan for banks to pay reparations: “First, [banks] must apologize for their culpability for and complicity in structural racism. Next, they must commit to serving black people as they do whites.” Four additional steps are proposed: “Cancel consumer debt for black customers”; “Eliminate banking fees for black customers”; “Provide interest-free mortgages to black home buyers”; “Provide interest-free loans to black-owned businesses.”

Another proposal calls for raising the inheritance tax — what Republicans call the “death tax,” because it is payable by the deceased (or their estates):

​

The manifesto also calls for a 28th Amendment to the Constitution to enshrine something called “voter equality,” which appears to mean a guarantee of high turnout among poorer voters. The amendment would grant “all adult citizens the right to vote in federal elections,” with no exceptions.

Another heartfelt essay calls on wealthy Americans to “give up your privilege.”

New York Times Publishes Radical Economic Manifesto Calling for Reparations

The entire premise of reparations is illogical and inherently unfair. You would have to be able to prove that your family descended from former slaves which would be nearly impossible 150 years later. A very small minority of the population actually owned them. The overwhelming vast majority of soldiers in the Union army were white and many of them gave their life fighting against the South, are you going to tax their families? A large portion of the population in the US migrated after the Civil War including many black Americans.

 

[allvol123]

I'm all for this as long as Jeff Bezos and his virtue signaling ilk pay for it.

 

[zeppelin128]

Not sure about the 28th amendment and what exactly they are supporting, but the rest is a non-starter.

 

[DynaLo]

Reparations . I’m not paying for shite that happened 150 years ago.

That manifesto is a screaming example of racism.

 

[Rasputin_Vol]

The New York Times devoted its entire “Sunday Review” section this weekend to an economic manifesto that lays out a radical left-wing vision for redesigning the American economy in the wake of the coronavirus pandemic.

The Times focuses on redressing economic inequality as the main challenge — not economic growth, or job creation.

The lead editorial, among other ideas, calls for the Federal Reserve to target black unemployment instead of overall unemployment: “Instead of targeting overall unemployment, the Fed can correct its aim by targeting the Black unemployment rate. If the Fed provides enough stimulus to bring down Black unemployment, everyone benefits.”

Other economic proposals in the manifesto include a plan for banks to pay reparations: “First, [banks] must apologize for their culpability for and complicity in structural racism. Next, they must commit to serving black people as they do whites.” Four additional steps are proposed: “Cancel consumer debt for black customers”; “Eliminate banking fees for black customers”; “Provide interest-free mortgages to black home buyers”; “Provide interest-free loans to black-owned businesses.”

Another proposal calls for raising the inheritance tax — what Republicans call the “death tax,” because it is payable by the deceased (or their estates):

​

The manifesto also calls for a 28th Amendment to the Constitution to enshrine something called “voter equality,” which appears to mean a guarantee of high turnout among poorer voters. The amendment would grant “all adult citizens the right to vote in federal elections,” with no exceptions.

Another heartfelt essay calls on wealthy Americans to “give up your privilege.”

New York Times Publishes Radical Economic Manifesto Calling for Reparations

Oh goodie... the Federal Reserve can print up some more money out of thin air.

I would have figured most people would be onboard with this painless option.

 

[CagleMtnVol]

The New York Times devoted its entire “Sunday Review” section this weekend to an economic manifesto that lays out a radical left-wing vision for redesigning the American economy in the wake of the coronavirus pandemic.

The Times focuses on redressing economic inequality as the main challenge — not economic growth, or job creation.

The lead editorial, among other ideas, calls for the Federal Reserve to target black unemployment instead of overall unemployment: “Instead of targeting overall unemployment, the Fed can correct its aim by targeting the Black unemployment rate. If the Fed provides enough stimulus to bring down Black unemployment, everyone benefits.”

Other economic proposals in the manifesto include a plan for banks to pay reparations: “First, [banks] must apologize for their culpability for and complicity in structural racism. Next, they must commit to serving black people as they do whites.” Four additional steps are proposed: “Cancel consumer debt for black customers”; “Eliminate banking fees for black customers”; “Provide interest-free mortgages to black home buyers”; “Provide interest-free loans to black-owned businesses.”

Another proposal calls for raising the inheritance tax — what Republicans call the “death tax,” because it is payable by the deceased (or their estates):

​

The manifesto also calls for a 28th Amendment to the Constitution to enshrine something called “voter equality,” which appears to mean a guarantee of high turnout among poorer voters. The amendment would grant “all adult citizens the right to vote in federal elections,” with no exceptions.

Another heartfelt essay calls on wealthy Americans to “give up your privilege.”

New York Times Publishes Radical Economic Manifesto Calling for Reparations

To quote Dr. Ian Malcom that's one big pile of.....

 

[KB5252]

I keep hearing about relinquishing white privilege, I find it impossible to give up something I nor my family ever possessed.

We struggled with the blue collar families of every race in my neighborhood. White privilege is a flawed construct, what they are really referencing is wealth privilege and most of us never had it. I'm not mad at the wealthy though, they didn't take anything from me. I guess I just don't understand why some prefer to wallow in their victim status and continue to make the same poor choices and blame others for the results of those choices.

 

[NCFisher]

The entire premise of reparations is illogical and inherently unfair. You would have to be able to prove that your family descended from former slaves which would be nearly impossible 150 years later. A very small minority of the population actually owned them. The overwhelming vast majority of soldiers in the Union army were white and many of them gave their life fighting against the South, are you going to tax their families? A large portion of the population in the US migrated after the Civil War including many black Americans.

Well, hell yeah; if we're going to tax somebodies, we goan tax all bodies.

The N.East colonies, then states, were the epicenter of the transatlantic slave trade to the country. Entire cities were built there for the production of cotton goods. Cotton alone was 65-70 of ALL U.S. exports. On the very eve of war cotton was 75% of NYC exports, for example, never mind tobacco, rice, and other Southern agricultural goods. Their banking interests financed plantations, slave ship expeditions, etc. It's not like everyone didn't know who was laboring in the fields for a lot of those goods.

And the North didn't embark on a quest to free slaves, but force the South back into the Union.
Yep; everybody gets the fiscal noose.

I figure we split it three ways with the UK who properly established the abominable practice, and the lineage of all those Africans who rounded 'em up and sold them to anyone waving a bottle of rum. Perhaps we can also divy up with Spain, Portugal, and the French,
Say, what is $17T six ways, anyhow?

 

[FLVOL_79]

Reparations were given out in the 60's. Pound sand now.

 

[TNVOLNAVY]

It’s not escaped me that no one who has ever proposed reparations has ever explained what we get in return. After all, when one pays a ransom, there are expected action(s) on the part of the receiver.

 

[landscapingvol]

Well, hell yeah; if we're going to tax somebodies, we goan tax all bodies.

The N.East colonies, then states, were the epicenter of the transatlantic slave trade to the country. Entire cities were built there for the production of cotton goods. Cotton alone was 65-70 of ALL U.S. exports. On the very eve of war cotton was 75% of NYC exports, for example, never mind tobacco, rice, and other Southern agricultural goods. Their banking interests financed plantations, slave ship expeditions, etc. It's not like everyone didn't know who was laboring in the fields for a lot of those goods.

And the North didn't embark on a quest to free slaves, but force the South back into the Union.
Yep; everybody gets the fiscal noose.

I figure we split it three ways with the UK who properly established the abominable practice, and the lineage of all those Africans who rounded 'em up and sold them to anyone waving a bottle of rum. Perhaps we can also divy up with Spain, Portugal, and the French,
Say, what is $17T six ways, anyhow?

My point being how can you demand reparations from descendants of soldiers who in theory fought for the ending of slavery? But, you are correct it was much more complex than that many of those soldiers already paid the ultimate price by giving up their life.

 

[NCFisher]

My point being how can you demand reparations from descendants of soldiers who in theory fought for the ending of slavery? But, you are correct it was much more complex than that many of those soldiers already paid the ultimate price by giving up their life.

I know. At times, I go off on a humorous tangent that, admittedly, some find an acquired taste.

 

[NCFisher]

It’s not escaped me that no one who has ever proposed reparations has ever explained what we get in return. After all, when one pays a ransom, there are expected action(s) on the part of the receiver.

You get to throw out the cat of nine tails and not self-flagellate anymore.
If I were BLM, I position this as "So you see, we're actually doing this for your peace of mind".
"Even when it ain't about you, it's about you, cracka'."

 

[StarRaider]

Well, hell yeah; if we're going to tax somebodies, we goan tax all bodies.

The N.East colonies, then states, were the epicenter of the transatlantic slave trade to the country. Entire cities were built there for the production of cotton goods. Cotton alone was 65-70 of ALL U.S. exports. On the very eve of war cotton was 75% of NYC exports, for example, never mind tobacco, rice, and other Southern agricultural goods. Their banking interests financed plantations, slave ship expeditions, etc. It's not like everyone didn't know who was laboring in the fields for a lot of those goods.

And the North didn't embark on a quest to free slaves, but force the South back into the Union.
Yep; everybody gets the fiscal noose.

I figure we split it three ways with the UK who properly established the abominable practice, and the lineage of all those Africans who rounded 'em up and sold them to anyone waving a bottle of rum. Perhaps we can also divy up with Spain, Portugal, and the French,
Say, what is $17T six ways, anyhow?

Don't forget nancy pelosi's heros - the West African slave traders, they need to pony up since they profited as well. edit nm I see you already included that part of the triangular trade.

USA Today fact check finds kente cloth worn by Democrats has historical ties to African slave trade

 

[NCFisher]

Don't forget nancy pelosi's heros - the West African slave traders, they need to pony up since they profited as well.

USA Today fact check finds kente cloth worn by Democrats has historical ties to African slave trade

Oh don't you worry about that, mister.
Here at Cracka' Calculative Sciences, by the time I've finished assigning blame, reparations will amount to a Happy Meal.

 

[StarRaider]

Oh don't you worry about that, mister.
Here at Cracka' Calculative Sciences, by the time I've finished assigning blame, reparations will amount to a Happy Meal.

 

[happy-go_vol]

I keep hearing about relinquishing white privilege, I find it impossible to give up something I nor my family ever possessed.

We struggled with the blue collar families of every race in my neighborhood. White privilege is a flawed construct, what they are really referencing is wealth privilege and most of us never had it. I'm not mad at the wealthy though, they didn't take anything from me. I guess I just don't understand why some prefer to wallow in their victim status and continue to make the same poor choices and blame others for the results of those choices.

Its just another excuse to push marxism, socialism.