"Black Wall Street". Never knew the extent of what happened.

Jesus Christ! what I have recently learned about what happened on June 1, 1921 in Tulsa, Oklahoma's Greenwood District is very unsettling.

Even more unsettling is the fact that I had not heard about this in all my years of school!

Have anyone here heard about this before?

If this story checks out and is factual, I think all the families affected are owed billions after its adjusted for inflation. And how was it even possible that the insurance companies were able to deny the claims to begin with?

What do you think?

Check out the article CNN published titled "Descendants of Tulsa's 1921 race massacre seek justice as the nation confronts a racist past" https://www.cnn.com/2020/06/18/polit...921/index.html

According to that article...

Airplanes dropped turpentine bombs on the community and it was the first time a US community was bombed from the air.

Supposdly there are mass gaves sites related to this incident. In 2018, Tulsa Mayor G.T. Bynum, a Republican, announced that he would reopen the investigation into mass graves, calling it a murder investigation. This year, they had planned to excavate but because of the coronavirus, those plans are on hold indefinitely.

No one was ever accused, charged, or convicted.

To this day, insurance companies deny their claims. The damages at the time came out to more than $2.7 million, according to Brown, which would be more than $39 million today, according to the US Bureau of Labor Statistics' CPI Inflation Calculator.

Yes. This is very true and very much-so verified. I’m glad you are now aware of this horrible piece of history, but the fact that you haven’t heard of it until today is the proof that there truly is a huuuuuge problem in this country regarding race relations and racism in general. If you really read into it this story will give nightmares. Read The Burning: Massacre, Destruction, and the Tulsa Race Riot of 1921 by Tim Madigan.

As I looked more into this event, couldn't a correlation be made as to why the slaves should have received reparations as well?

I have heard about "40 Acres and a Mule" but have never really read into what did or did not happened with that... Can anyone here shed any light on that?

I am curious about the reparations that was issued in response to the holocaust, vs the world war 2 USA Japanese internment camps, vs the native american displacement, vs the usa slave trade, etc.....

I am noticing more stories in the news regarding calls for reparations for the slave trade. Interesting to see what comes from all this new awareness. The thing is, that the Slave Trade and what was done to the Native Americans was so massive, devastating and far reaching, how could that ever be "made right"??

Here is one of the recent articles regarding the slave trade reparations that bring up some valid points regarding generational wealth.

A Call For Reparations: How America Might Narrow The Racial Wealth Gap.
https://www.npr.org/2020/06/24/88277...ial-wealth-gap

""Very few Americans have created all of their wealth on their own; it's passed down through generations and then built upon," Hannah-Jones says. "Black Americans never really had a chance to do that.""

Wow, there is actually legislation that is gaining steam exploring whether Black Americans should receive restitution for slavery, bill H.R. 40.

Could you all imagine if the Government actually passed something that would give reparations for slavery and the Jim Crow era? That price would be so huge I think it would instantly tank the value of the dollar. Due to that, I think traditional reparations for slavery will never happen in the form of checks cut to black americans. I think that the the issue is to complex and expensive, as one of the reasons why the government has not made any official attempt to answer for it. By the goverment not addressing this issue of reparations when the Slaves where first freed, they have made this 10,000 times more complicated.

It is a new day for record spending packages and magic money. So maybe paying reparations would not bankrupt the USA either.

Winning, I don't think it's reparations. It's about using the status as "the other" to capitalize on anyone who has money.

It's not a good idea to keep anyone in "classes," but to automatically assume that the situation one is in has nothing to do with you and everything to do with someone else is the blame game. Everyone is jealous of everyone else's something, and the grass is always greener, and opportunists use it as an opportunity to loot and claim "what's yours is mine, what's mine is mine."

Nothing is perfect. But have to have some system in place in order to give as many people the opportunities to make it "out" as possible. Pure Socialism = everyone is equally poor = everyone is equal, but some are more equal than others = nobody has any incentive to work.

On the other hand, Pure Capitalism = What's mine is mine and what's yours is yours, and that feeds the class system that has never worked out = poor people have little ability to make it out. Monopolists and large inequality.

“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.”
― Milton Friedman

“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.”
– John Maynard Keynes

As Winston Churchill, “It has been said that democracy is the worst form of government except for all the others that have been tried.” Probably true for Capitalism.....

https://www.economicshelp.org/blog/5...of-capitalism/

Quote:

---

Originally Posted by abfunders

Winning, I don't think it's reparations. It's about using the status as "the other" to capitalize on anyone who has money.

---

Ok, I'm trying to follow you... Breaking down and comprehending every sentence you wrote.

I am trying to understand the context of your 1st sentence. I have touched on a few different things in this thread. My threads tend to be organic, due to the fact that what I originally may have posted about, sends me down a rabbit hole of new discovery, concepts, ideas, & questions.

So when you say "I don't think it's reparations". Which question is that an answer to?

You don't think the slaves should have received reparations back in 1865 when the emancipation was 1st signed, when it would have been a lot easier to pay the people who were directly affected, as well as assign the burden of paying to the proper companies, states, and families who profited from slavery?

Or.

Are you saying the people affected in the 1921 Black Wall Street incident should not be compensated for their losses?

Or.

Perhaps you do agree there should have been reparations paid centuries ago for slavery, But reparations should not be used as the answer to the current racial wealth gap?

For context, Germany has paid more than $60 billion since 1952 to victims and their heirs for the holocaust.

The 1988 Japanese American reparations legislation signed by Reagan included a national apology, and paid more than 100,000 Americans of Japanese descent who were interned during World War II $20,000 each.

Quote:

---

Originally Posted by Winning

Ok, I'm trying to follow you... Beaking down and comprehending every sentence your wrote.

I am trying to understand the context of your 1st sentance. I have touched on a few diffrent things in this thread. My threads tend to be organic due to the fact that what I orginally may have posted about sends me down a rabbit hole of new discovery, concepts, ideas, & questions.

So when you say "I don't think it reparations", which questions what that an answer too?

You don't think the slaves should have received reparations back in 1865 when the emancipation was 1st signed, when it would have been a lot easier to pay the people who were directly affected, as well as assign the burden of paying to the proper companies, states, and families who profited from slavery?

---

I think I'm probably going to get mud on myself whichever way I go on this. I think it's best not to put my foot in my mouth anymore and leave it as open questions.

I do feel that reparations for direct beneficiaries makes sense. And if they don't, the world has declared that they do make sense.

I'll just point out one issue and leave it as an open question: At this point in the US, has the US made "enough" amends for pulling Africans out of their homeland and bringing them to the Americas? I mean heck, after taking courses in college called "The Third World," it seems that economic slavery might be worse than real slavery! Make African countries mono-crop and leave them high and dry, rather than try to defend them as part of your kingdom. Same thing might be true in the USA for after the Civil War. No minimum wage, no health insurance (slaves are expensive, if you're smart you gotta treat their medical needs), no need to feed them, and if they die, don't have to go "buy" another one. Unions help swing the pendulum in the other direction. On the other hand, what would have been without slavery in the first place? Is that even a question that's being asked? Is that because there are too many opportunists? There are two sides to each story and the BLM movement seems to focus on the victim side a lot.

I'm sure the answer could swing either way and proofs could be brought on both sides. One thing we should examine are the motives of those who are demanding. Another question is to figure out if reparations of any sort of going to swing the pendulum too far, or if the economic harm for making things "fair" is worth it? Being right is important, but it has to be done in the context of being smart as well.

One thing we should certainly do is cancel Columbus Day. That's really like having a Hitler Day.

Quote:

---

Originally Posted by abfunders

I do feel that reparations for direct beneficiaries makes sense.

---

Could you imagine the difficulty it would be to try to figure out who are the current descendants of slaves from over 150 years ago. Then on top of that, what about all the people that died during slavery and have no living hiers in America? If an African family could prove that they had heirs that were actually taken from Africa for the USA Slavery system, could claims be made to pay reparations to African families?

The first Africans enslaved within the continental United States arrived in 1619 (estimated). Slavery was suppose to end in 1865. That 246 years! According to some records, millions of slaves were transported to America. Some of those people died, some of them had kids, then there kids had kids, and there kids kids had kids, and all of them were slaves.. Think about the power of compound interest but apply that to slaves! There has to be entire lineages of families that were born and died in slavery and have no direct descendants today.

For Context.
The Holocaust was between 1941 and 1945, 5 years.
The Japanese American internment camps were from 1942 to 1945, 4 years.
America Chattel Slavery from 1619 to 1865, 246 Years.
How long slaves have been free in America, 1865 - 2020, 155 Years.

Those numbers are really eye opening.. Black American as a group were slaves longer than they have been free in America.

Also those numbers show that the current senior citizen Black Americans should be able to trace their heirs back to slavery in only 3 or 4 generations. But the fact that no records were really kept, most older black American have a hard time going back 3 to 4 generations with clarity.

Quote:

---

Originally Posted by abfunders

after taking courses in college called "The Third World," it seems that economic slavery might be worse than real slavery!

---

“History is written by the victors.”
Clearly we have to look at what is taught in school sideways... I have never even heard of this Black Wall Street thing in school. I remember a whole lot more regarding the holocaust being discussed in school. Also school did not paint a clear enough picture of how long slavery lasted, nor did school spend enough time talking about exactly what happened to the Native Americans.

Quote:

---

Originally Posted by abfunders

There are two sides to each story and the BLM movement seems to focus on the victim side a lot.

I'm sure the answer could swing either way and proofs could be brought on both sides. One thing we should examine are the motives of those who are demanding. Another question is to figure out if reparations of any sort of going to swing the pendulum too far, or if the economic harm for making things "fair" is worth it? Being right is important, but it has to be done in the context of being smart as well.

---

With all this new awareness I am interested to see what comes out of all this. Put all the chips on the table, and see what comes.. I just learned that no US President or Congress has ever even issued an official apology for the America's role in slavery. But today Truist/BB&T the sixth-largest commercial bank in the United States, apologized for and denounced its predecessor banks’ roles in slavery in a letter sent employees today.

Using the historical numbers of what the USA has paid in other instances of approved reparations. If you attempt to do a back of the napkin assessment of what would be owed to the descendant of Slaves and the unfair treatment that the Jim Crow laws put in place, the number is mind boggling!

For Context...
Here is some of the most expensive court judgments in America...

Tobacco Master Settlement Agreement
The four largest tobacco companies – Philip Morris, R.J. Reynolds, Brown & Williamson, and Lorillard -- reached terms in 1998 with 46 states, five territories and Washington, D.C., in a sweeping lawsuit. It required the companies pay those plaintiffs $10 billion annually for the indefinite future. The original four companies agreed to pay out at least $206 billion over the agreement’s first 25 years.

BP $18.7 billion
BP will pay $18.7 billion to Louisiana, four other states, and the federal government to settle civil lawsuits tied to the 2010 Deepwater Horizon disaster that killed 11 and triggered the worst oil spill in U.S. history.

What would you think the Tobacco and Cotton companies would owe the hiers of slaves?

Quote:

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Originally Posted by abfunders

One thing we should certainly do is cancel Columbus Day. That's really like having a Hitler Day.

---

So I guess you could correlate this as to why there is a calling to remove all the confederate statues, renaming parks, highways, schools, etc...

Could you imagine have Hitler statutes, or various top officers in the Nazi party, having parks, roads, schools, or monuments built to honor their history?

You would have to start by ending the party that started, supported and defended slavery = Democratic Party

Start there

Winning, you're right with what you said. It's too complicated to move forward on reparations. When I meant direct descendants, I meant them and their kids. Unfortunately, it's just too late.

This course I took called the Third World was actually an eye-opener in that exact sense you wrote. It was taught by an African (not African American.... he was actually an immigrant from Africa) and the current history shows that being a Third World country has a significant disadvantage over being in the Kingdom, since they get all of the economic disadvantages and separation as well as being poor.

I definitely see a different between Confederate soldiers and Columbus. Columbus was a buffoon who got lucky, slaughtered human beings who were different than he was just for wealth and glory, and then was commandeered by the Italian community in the
https://www.youtube.com/watch?v=k8PQXiJiLOY

It's amazing that everyone bought hook-line-and-sinker the myths, Columbus was legitimately evil. The Confederacy was mainly about honor and economics. They were racist, sure, but that wasn't the root reason why they fought a war to kill other people.

Columbus's initial description of the American Indians: "They do not bear arms, and do not know them, for I showed them a sword, they took it by the edge and cut themselves out of ignorance.... They would make fine servants.... With 50 men we could subjugate them all and make them do whatever we want." Columbus was a pure opportunist and evil person. The Confederates..... jury's still out. It's just that the liberal society wants 100% tolerance of every opinion.... except the opinions of those who draw lines and limit opinion! And everyone is guilty until proven innocent.

Quote:

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Originally Posted by MCA

You would have to start by ending the party that started, supported and defended slavery = Democratic Party

Start there

---

how fast before giaslane maxwell commits "suicide"

Quote:

---

Originally Posted by MCA

You would have to start by ending the party that started, supported and defended slavery = Democratic Party

Start there

---

Hahahahhah. Are you serious?

https://www.google.com/amp/s/www.liv...platforms.html

Quote:

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Originally Posted by FHFunding

Hahahahhah. Are you serious?

https://www.google.com/amp/s/www.liv...platforms.html

---

Yes, do you need to be educated?

While I don't care for either political party, I am all for less Govt in all of our lives, the Democrats started, founded and support Slavery.

If Democrats want to take down statues, how about they start with Sen. Byrd who has a statue in their building, Byrd was a proud member of the KKK, again you want change, start right there.

Quote:

---

Originally Posted by abfunders

I definitely see a different between Confederate soldiers and Columbus.

The Confederacy was mainly about honor and economics. They were racist, sure, but that wasn't the root reason why they fought a war to kill other people.

---

Columbus was to the Native American, as the Confederacy was to the Black Americans.

I am sure the Confederacy was fighting for economics. The economics of compound interest as applied to slaves over 200 plus years..

A little bit about Confederate General Robert E Lee.

Married his distant cousin Mary Anne Randolph Custis, the great-granddaughter of George Washington’s wife, Martha, was a heiress of several plantation properties.

In a speech known today as the Cornerstone Address, Confederate Vice President Alexander H. Stephens described its ideology as being centrally based "upon the great truth that the negro is not equal to the white man; that slavery, subordination to the superior race, is his natural and normal condition".

The Confederacy was originally formed by secession of seven slave holding states, South Carolina, Mississippi, Florida, Alabama, Georgia, Louisiana, and Texas. Their economy was heavily dependent upon agriculture, particularly cotton, and a plantation system that relied upon the labor of African-American slaves. Convinced that white supremacy and the institution of slavery were threatened by the November 1860 election of Republican candidate Abraham Lincoln to the U.S. presidency on a platform which opposed the expansion of slavery into the western territories, the Confederacy declared its secession in rebellion against the United States, with the loyal states becoming known as the Union

So it would be safe to say that Hitler and the Nazi Swatstkia is to Jews, what the Confedrate Flag and their monuments are to Black Americans and what Columbus is to the Native Americans.

Quote:

---

Originally Posted by abfunders

Winning, you're right with what you said. It's too complicated to move forward on reparations

---

Perhaps I will be proven wrong.. It looks like there are some local governments willing to address this reparations thing head on.

North Carolina's, Asheville City Council to vote on reparations for it's Black residents on July 14th.

Excerpts from the resolution...
"Black people have been unjustly" enslaved, segregated and incarcerated. And that they "have been unjustly targeted by law enforcement and criminal justice procedures, incarcerated at disproportionate rates and subsequently excluded from full participation in the benefits of citizenship that include voting, employment, housing and health care."

"The City Council of the City of Asheville apologizes and makes amends" for participating in slavery, enforcing segregation and urban renewal "that destroyed multiple successful Black communities," the resolution says.


Here is the complete resolution they will be voting on.
https://www.scribd.com/document/4687...lle#from_embed

Interested to see how this gets voted on...

This may be a precursor of what may be heavily debated during the 2020 election.

No way did I think this was going to pass. But it did.

So let's say this is the 1st domino to fall and starts a chain reaction of other city, state, and federal policies regarding reparations... How does a person go about verifying if they are indeed a descendant of a slave? I would think the Government would need to inlist the services of the private sector companies that are operating in the genealogy / acestorial / DNA spaces. I wonder if it would be a good time to invest in companies like 23andMe, Ancestry.com, and MyHeritage....

Seems like a lot of opportunity may be on the horizon.

Quote:

---

Originally Posted by Article from Citizen Times News

https://www.citizen-times.com/story/...ic/5438597002/

In historic move, Asheville approves reparations for Black residents. In an extraordinary move, the City Council has*apologized for the city's historic role*in slavery, discrimination and denial of basic liberties to Black residents and voted to provide reparations to them and their descendants.

The unanimously passed resolution does not mandate direct payments. Instead it will make*investments in areas where Black residents face disparities.

"The resulting budgetary and programmatic priorities may include but not be limited to increasing minority home ownership and access to other affordable housing, increasing minority business ownership and career opportunities, strategies to grow equity and generational wealth, closing the gaps in health care, education, employment and pay, neighborhood safety and fairness within criminal justice," the resolution reads.

---

$6.2 quadrillion (or $151M per descendant).

I'm having a hard time believing this conversation seems to be really growing legs... Something inside of me, is telling me this is all BS and no "payments" will ever actually be sent to any slave descendant.

U.S. Conference of Mayors released a letter backing a Democratic plan to form a reparations commission to come up with a payment for slavery.

"A new study from three college professors said that the ultimate cost could be $6.2 quadrillion. Quadrillion comes after trillion, and one quadrillion has 15 zeros. The study suggests a payment of $151 million each, and the cost to every person would be $18.96 million. The calculation is somewhat complicated, but it essentially studies the unpaid hours slaves worked, calculates a price for massacres and discrimination, and adds in interest. "

https://www.washingtonexaminer.com/w...per-descendant

Quote:

---

Originally Posted by Winning

.... to inlist the services of the private sector companies that are operating in the genealogy / acestorial / DNA spaces. I wonder if it would be a good time to invest in companies like 23andMe, Ancestry.com, and MyHeritage....

Seems like a lot of opportunity may be on the horizon.

---

Keep your eyes open for the opportunity that may be simmering.

https://www.bbc.com/news/world-africa-53527405

"A major DNA study has shed new light on the fate of millions of Africans who were traded as slaves to the Americas between the 16th and 19th centuries."

"The DNA study was led by consumer genetics company 23andMe and included 30,000 people of African ancestry on both sides of the Atlantic. The findings*were published in the American Journal of Human Genetics."

I feel that various fortune 100 companies may have to finally face the light as more dots are being connected. I wonder if those board members of those companies worry about any of this type of stuff..

For example... the textile company Hanes.
It started as a tobacco company. What would their liability be if the DNA companies where to trace indivdual black people that are alive today, all the way back to the slaves that worked the 1000 acre Hanes family farm (plantation)?


Pleasant Henderson Hanes
16 Oct. 1845–9 June 1925
https://www.ncpedia.org/biography/ha...sant-henderson

In 1774, his ancestors purchased 1,060 acres in the North Carolina for farming (plantation).

Pleasant Henderson served in the first two years of the war as first lieutenant in the*Home Guard, but volunteered in 1863 to join the Confederate Cavalry at Richmond, enlisting in Company E, Sixteenth North Carolina Battalion. He soon earned a position as special courier to General Robert E. Lee, with whom he served until the surrender of Appomattox.

In 1870, he became a tobacco salesman for Dulin and Booe, tobacco manufacturers in Mocksville.

In 1872, Hanes organized P. H. Hanes and Company to manufacture tobacco.*

Under pressure from*James B. Duke's*American Tobacco*trust, the Hanes brothers sold their company in 1900 to*RJ Reynolds.

The Hanes brothers could have retired on the income from the sale of the company, but instead they entered the textile business. Pleasant Henderson joined with his sons*Pleasant Huber*and William Marvin to set up the P. H. Hanes Knitting Company in 1902 to manufacture knitted underwear for men and boys.*

Looks like Tom Cotton just dumped more fuel to the fire that was simmering.... What he said could be used against him and be looked at as an admission of liability (if he becomes President) in regards to issuing a Presidential apology and reparations.

Arkansas Republican senator Tom Cotton (possible presidential candidate in 2024) has called the enslavement of millions of African people “the necessary evil upon which the union was built”.
https://www.theguardian.com/world/20...new-york-times

Yet, Fox, politico and resurgent all refuted what the fake news said: As he correctly noted, the Founding Fathers, not Cotton, viewed slavery as a necessary evil that would have to be dealt with after independence from Great Britain. His precise quote was, “As the Founding Fathers said, it was the necessary evil upon which the union was built, but the union was built in a way, as Lincoln said, to put slavery on the course to its ultimate extinction.” "

Quote:

---

Originally Posted by Winning

Jesus Christ! what I have recently learned about what happened on June 1, 1921 in Tulsa, Oklahoma's Greenwood District is very unsettling.

Even more unsettling is the fact that I had not heard about this in all my years of school!

Have anyone here heard about this before?

If this story checks out and is factual, I think all the families affected are owed billions after its adjusted for inflation. And how was it even possible that the insurance companies were able to deny the claims to begin with?

What do you think?

Check out the article CNN published titled "Descendants of Tulsa's 1921 race massacre seek justice as the nation confronts a racist past" https://www.cnn.com/2020/06/18/polit...921/index.html

According to that article...

Airplanes dropped turpentine bombs on the community and it was the first time a US community was bombed from the air.

Supposdly there are mass gaves sites related to this incident. In 2018, Tulsa Mayor G.T. Bynum, a Republican, announced that he would reopen the investigation into mass graves, calling it a murder investigation. This year, they had planned to excavate but because of the coronavirus, those plans are on hold indefinitely.

No one was ever accused, charged, or convicted.

To this day, insurance companies deny their claims. The damages at the time came out to more than $2.7 million, according to Brown, which would be more than $39 million today, according to the US Bureau of Labor Statistics' CPI Inflation Calculator.

---

Not the only town that happened to either. Check out ROSEWOOD in Florida, Springfield. MA, Memphis, TN, and of course, the NYC draft riots of 1863

Quote:

---

Originally Posted by Winning

Wow, there is actually legislation that is gaining steam exploring whether Black Americans should receive restitution for slavery, bill H.R. 40.

Could you all imagine if the Government actually passed something that would give reparations for slavery and the Jim Crow era? That price would be so huge I think it would instantly tank the value of the dollar. Due to that, I think traditional reparations for slavery will never happen in the form of checks cut to black americans. I think that the the issue is to complex and expensive, as one of the reasons why the government has not made any official attempt to answer for it. By the goverment not addressing this issue of reparations when the Slaves where first freed, they have made this 10,000 times more complicated.

It is a new day for record spending packages and magic money. So maybe paying reparations would not bankrupt the USA either.

---

After the Civil War, there were reparations.....to the white plantation owners for loss of property. Andrew Johnson being President after Lincoln was shot is a big reason for that. He was a major White Supremacist from the South

Quote:

---

Originally Posted by John Galt

Yet, Fox, politico and resurgent all refuted what the fake news said: As he correctly noted, the Founding Fathers, not Cotton, viewed slavery as a necessary evil that would have to be dealt with after independence from Great Britain. His precise quote was, “As the Founding Fathers said, it was the necessary evil upon which the union was built, but the union was built in a way, as Lincoln said, to put slavery on the course to its ultimate extinction.” "

---

Thanks for clearing that up.. Does the Guardian have a history of sensationalism and misquoting people or do you think it was an honest mistake?

I don't understand that if the founding fathers felt this way, howcome a formal apology was never issued and any type of reparations issued?

Quote:

---

Originally Posted by Chambo

After the Civil War, there were reparations.....to the white plantation owners for loss of property. Andrew Johnson being President after Lincoln was shot is a big reason for that. He was a major White Supremacist from the South

---

Loss of property as in slaves? They got insurance payouts for loss of slaves?

If so that would mean the insurance companies were selling policies for slaves. Which means the insurance companies profited off slaves. Which mean they would also have liability to pay reparations.

Quote:

---

Originally Posted by Winning

Loss of property as in slaves? They got insurance payouts for loss of slaves?

If so that would mean the insurance companies were selling policies for slaves. Which means the insurance companies profited off slaves. Which mean they would also have liability to pay reparations.

---

better believe the owners had insurance policies on their slaves. Remember, they were considered property.

But the reparations were from the gov't to help with stimulus after the Civil war.

Quote:

---

Originally Posted by Winning

Loss of property as in slaves? They got insurance payouts for loss of slaves?

If so that would mean the insurance companies were selling policies for slaves. Which means the insurance companies profited off slaves. Which mean they would also have liability to pay reparations.

---

read up on COMPENSATED EMANCIPATION

Quote:

---

Originally Posted by Article from Citizen Times News

https://www.citizen-times.com/story/...ic/5438597002/

In historic move, Asheville, North Carolina approves reparations for Black residents. In an extraordinary move, the City Council has*apologized for the city's historic role*in slavery, discrimination and denial of basic liberties to Black residents and voted to provide reparations to them and their descendants.

The unanimously passed resolution does not mandate direct payments. Instead it will make*investments in areas where Black residents face disparities.

"The resulting budgetary and programmatic priorities may include but not be limited to increasing minority home ownership and access to other affordable housing, increasing minority business ownership and career opportunities, strategies to grow equity and generational wealth, closing the gaps in health care, education, employment and pay, neighborhood safety and fairness within criminal justice," the resolution reads.

Quote:

---

Originally Posted by Winning

No way did I think this was going to pass. But it did.

So let's say this is the 1st domino to fall and starts a chain reaction of other city, state, and federal policies regarding reparations... How does a person go about verifying if they are indeed a descendant of a slave? I would think the Government would need to inlist the services of the private sector companies that are operating in the genealogy / acestorial / DNA spaces. I wonder if it would be a good time to invest in companies like 23andMe, Ancestry.com, and MyHeritage....

Seems like a lot of opportunity may be on the horizon.

---

---

I have seen a few different city governments pass things related to figuring out how much is owed to descendants of slaves and how they can go about issuing reparations. But today was the 1st time that I have seen a State pass any bills regarding this.

https://www.cnn.com/2020/10/01/us/ca...rnd/index.html

"California passes a first-of-its-kind law to consider reparations for slavery"..., "Bill AB 3121 -- the first of its kind in any state"...., "California Gov. Gavin Newsom has signed a bill establishing a task force to study and make recommendations on reparations for slavery."


Do you all think this could really happen? or is this all smoke and no fire?

And if this did happen, how do you plan to position your business to be able to tap into such a huge financial flow?

I bet most fortune 100 CEO's are looking at the current landscape and having these types of high level discussions.

Edit... Something just clicked in my head! The fix may already be in!
All the recent cooperate activism we have been seeing in relation t0 the Black Lives Matter movement could totally be a strategic play to befriend the Black Community due to the huge financial reparations that will be paid to the black community with in the next 10 years or so. By reinforcing a relationship and befriending your customers it is easier to sell to them!!! Perhaps the top CEO's (with the massive lobbying budgets) know that the Black Community will have a huge increase in buying power within 10 years... But you cant wait to the month before you know they are coming into money, to play nice.... You have to do it in a way that seems organic...

Checkmate!

This reparations thing seems to be moving faster than I thought it would. A city has actually funded a reparations initiative..

Today, Evanston Illinois is the first city in the U.S. to fund reparations, committing $10 million over the next decade in an attempt to repay Black residents for the wrongs and accumulated losses incurred by generations of racism.

https://abcnews.go.com/US/1st-us-cit...ry?id=76118463

So I am curious to see how they will actually qualify a person to get these funds.... I wonder will it be like a form of welfare where only low income african americans can get this, or what...

Very curious indeed on how this is going to happen...

So Evanston, Illinois (Chicago suburb) has officially became the first U.S. city to make reparations available to its Black residents for past discrimination and the lingering effects of slavery.

On Monday 3/22/2021, The Chicago suburb’s City Council voted 8-1 to distribute $400,000 to eligible black households. Each qualifying household would receive $25,000 for home repairs or down payments on property.

The program is being funded through donations and revenue from a 3% tax on the sale of recreational marijuana. The city has pledged to distribute $10 million over 10 years.

Qualifying residents must either have lived in or been a direct descendant of a Black person who lived in Evanston between 1919 to 1969 and who suffered discrimination in housing because of city ordinances, policies or practices.

So $400,000 divided by $25,000 = 16. So I guess the next step is for them to select the 16 people that get this 1st pay out?

The day those 16 people get those funds, may be historical day due to the history of the 40 Acres that Union General William T. Sherman’s Special Field Order No. 15, issued on Jan. 16, 1865. Here is a short read of exactly what was originally promised in 1865 https://www.pbs.org/wnet/african-ame...es-and-a-mule/ .. Very Interesting read.. If that would have been allowed to happened it would have fundamentally altered the course of American race relations. I think that order may have played a huge role into why Abraham Lincoln was assassinated. Andrew Johnson, Lincoln’s successor and a sympathizer with the South, overturned the Order in the fall of 1865..

So what are you or your business doing to prepare for such a huge financial flow?

Here is what I am doing..

Investing in Crypto... I think its possible that such a huge fiat USD transaction could negatively effect the USD value and create higher inflation. It may be wise to put some money in crypto currency. if you are interested to learn a little about how crypto value works, here is a short read https://www.investopedia.com/ask/ans...have-value.asp

Incorporate a Non Profit Public Charity, and file for 5013C Status.... There is a huge need and will be a even bigger need to teach basic financial literacy, entrepreneurship, critical thinking, problem solving, etc.... I think that giving a boat load of money to people will not immediately elevate a mind set. That takes a lot more time and effort. If national reparations are dispersed there will be additional programs put in placed to assist with making this happen and fostering change. I am sure there will be new Private Foundations created and funded, related to assisting reparation recipients. Foundations can't give assistance directly to the reparation recipients. Foundations can only give grants to other 5013C organizations. The Non Profit 5013C Public Charity is responsible for actually taking the funds from the foundations via grants then helping the people. Here is a short read on Private Foundations vs Public Charities https://learning.candid.org/resource...lic-charities/

So what do some of you all think about what's going on, and how are you positioning yourself?

Great insight. You've really stayed on the forefront of this news. I agree with your Crypto sentiment and very intrigued about the 5013c status.

Education is key. Financial literacy is key.

There's a lot of hustle in the streets - they just need someone to counsel them on making the best moves.

I know because I've been there.

Keep winning, Winning.

Man this reparations things is developing fast! Oakland CA is going to intertwine Guaranteed Minimum Income and Race in a program they are calling "Oakland Resilient Families" payments program.. What is interesting about this program is how they avoid mentioning anything about reparations, slavery, or jim crow polices etc... But at the same time they are saying this benefit program is only for low income black people... I feel Reparations was already a complex situation regardless if the black person is in poverty or not.. now combine that with a low income filter, makes this even more complex. Too many Chefs in the Kitchen! There are tons of various initiatives being started on the city level, county level, state level, etc..... I think Congress needs to issue a formal apology for slavery & Jim Crow, and then take the lead on this whole reparations things asap.

Mayor of Oakland, Libby Schaaf “The poverty we all witness today is not a personal failure, it is a systems failure,”. “Guaranteed income is one of the most promising tools for systems change, racial equity, and economic mobility we’ve seen in decades.”

Oakland Resilient Families payments program

• $500 per month.
• The monies are not considered taxable income.
• Must be a person of color, Black, or Indigenous.
• undocumented and/or unsheltered individuals also qualify.
• Oakland resident must have at least one child under the age of 18 and income needs to be below $59,000 for a family of three.
• An online multilingual screening form will be made available this spring and summer. Recipients will be chosen at random to receive the funds.

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Originally Posted by Steven_O

Great insight. You've really stayed on the forefront of this news. I agree with your Crypto sentiment and very intrigued about the 5013c status.

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I am in Texas.. I created a non profit corporation the other day. It only took me about 30 minutes and it cost $25 dollars. https://www.sos.state.tx.us/corp/sosda/index.shtml ... I chose to be a Non Member nonprofit that is governed by a Board. So I had choose 2 additional board members (non family related)..

I then logged on to the IRS and got an EIN https://www.irs.gov/businesses/small...ber-ein-online.

After that I had to file for the Recognition of Exemption Under Section 501(c)(3) at https://www.pay.gov/public/form/start/62759871 .. By the way the exemption status request fee was $275.

Now it is just a waiting game for the 501(c)(3) exemption request to be approved... But as of right now i have officially formed my non profit company and it has been issued an EIN. Next week I am going to open a Bank Account and have my 1st board meeting with my Board members.

The Oakland , California violates so many existing Laws it's is not even close to being funny.

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Originally Posted by Steven_O

Great insight. You've really stayed on the forefront of this news. I agree with your Crypto sentiment..

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Just created a Coinbase acct and bought $300 of Crypto! Took like maybe 15 minutes to do.

$100 worth of Bitcoin, $100 worth of Ethereum, & $100 worth of Cardano!

BTW the cryptocurrency exchange Coinbase (the platform that I just used to purchase the crypto with) is going to IPO soon. So I am probably going to by some stock in Coinbase once they go public.

https://i.imgur.com/a4zEhMI.jpg

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Originally Posted by Winning

I think that the the issue is to complex and expensive, as one of the reasons why the government has not made any official attempt to answer for it.

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Originally Posted by Winning

Could you imagine the difficulty it would be to try to figure out who are the current descendants of slaves from over 150 years ago.

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Originally Posted by abfunders

...It's too complicated to move forward on reparations. When I meant direct descendants, I meant them and their kids.* Unfortunately, it's just too late.

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Originally Posted by Winning

Perhaps I will be proven wrong.. It looks like there are some local governments willing to address this reparations thing head on.

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So the more l have learned about this the more I realize the idea that a lot of us have regarding slavery happening so long ago that it would be difficult for the current descendants to track back is complete BS.

I have learned that there are tons of people alive today whos great grandparents or great great grandparents where slaves. If we lower the barrier of entry to include if a black person's family experienced harm do to Jim Crow law, that may include just about every black family.

Evanston Illinois is in the process of finalizing there 1st 16 families to get reparations. The have released back stories on exactly how they were affected during the Jim Crow era. Reading some of the applicants stories makes my stomach turn.. It's mind boggling that this stuff was legal to do.

1929. "Lucious Sutton disconnected the water line, the gas line, and the sewer line for the home he’d built on Bauer Place on the northwestern edge of Evanston. He and his brothers removed the appliances and the furniture. They secured the windows. Then he watched as men he didn’t know—maybe they worked for the city, maybe for a property developer—jacked up the wooden house, set it onto a truck, and drove it a mile-and-a-half to the neighborhood the city had deemed more suitable for Black families. A sheriff stood by." "Carlis Sutton, a grandson of Lucious says “If the house still sat where my grandfather put it, it would be worth $500,000,” he says. Sitting where it does in the Fifth Ward, the house sold four years ago for $152,000."

Read more of the various families stories at https://www.bloomberg.com/news/featu...s-hard-reality

https://i.imgur.com/zyq12Vg.jpg

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Originally Posted by Winning

No way did I think this was going to pass. But it did.

So let's say this is the 1st domino to fall and starts a chain reaction of other city, state, and federal policies regarding reparations... How does a person go about verifying if they are indeed a descendant of a slave? I would think the Government would need to inlist the services of the private sector companies that are operating in the genealogy / acestorial / DNA spaces. I wonder if it would be a good time to invest in companies like 23andMe, Ancestry.com, and MyHeritage....

Seems like a lot of opportunity may be on the horizon.

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Probably the same way you prove lineage in Native Americans, for their benefits. I am from CT, if you can prove relations with Mashantucket Pequots, or Mohegan's - I think lineage is traced back to 11 Core families, if that can be done, 11 Families, from the 1600's, Tracing back Slave relations should be possible, although difficult.

I had to trace mine back for dual citizenship w Italy, although not nearly as far.

DNA pretty much does it for you.

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Originally Posted by Winning

...I created a non profit corporation the other day. It only took me about 30 minutes and it cost $25 dollars. https://www.sos.state.tx.us/corp/sosda/index.shtml ... I chose to be a Non Member nonprofit that is governed by a Board. So I had choose 2 additional board members (non family related)..

I then logged on to the IRS and got an EIN https://www.irs.gov/businesses/small...ber-ein-online.

After that I had to file for the Recognition of Exemption Under Section 501(c)(3) at https://www.pay.gov/public/form/start/62759871 .. By the way the exemption status request fee was $275.

Now it is just a waiting game for the 501(c)(3) exemption request to be approved... But as of right now i have officially formed my non profit company and it has been issued an EIN..

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UPDATE..

I got my 501c3 approval letter from the IRS! I officially have a nonprofit with Tax exempt classification.. The IRS has a huge backlog.. I submitted for tax exempt approval on in 03/2021, and didnt receive the IRS approval letter until 9/10/21.

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Originally Posted by Winning

I have seen a few different city governments pass things related to figuring out how much is owed to descendants of slaves and how they can go about issuing reparations. But today was the 1st time that I have seen a State pass any bills regarding this.

https://www.cnn.com/2020/10/01/us/ca...rnd/index.html

"California passes a first-of-its-kind law to consider reparations for slavery"..., "Bill AB 3121 -- the first of its kind in any state"...., "California Gov. Gavin Newsom has signed a bill establishing a task force to study and make recommendations on reparations for slavery."


Do you all think this could really happen? or is this all smoke and no fire?

And if this did happen, how do you plan to position your business to be able to tap into such a huge financial flow?

I bet most fortune 100 CEO's are looking at the current landscape and having these types of high level discussions.

Edit... Something just clicked in my head! The fix may already be in!
All the recent cooperate activism we have been seeing in relation t0 the Black Lives Matter movement could totally be a strategic play to befriend the Black Community due to the huge financial reparations that will be paid to the black community with in the next 10 years or so. By reinforcing a relationship and befriending your customers it is easier to sell to them!!! Perhaps the top CEO's (with the massive lobbying budgets) know that the Black Community will have a huge increase in buying power within 10 years... But you cant wait to the month before you know they are coming into money, to play nice.... You have to do it in a way that seems organic...

Checkmate!

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*** UPDATE ***

Over the last few years I have been following this developing story, and today a San Francisco committee is proposing to pay each black resident up to $5 million each in reparations. "Atone for it and act in terms of providing concrete measures that would pay back for the wrong that was done." check out the story at https://www.foxnews.com/us/san-franc...must-admit-sin.

Please note that this San Francisco committee is not the same taskforce that was put in place when Gov. Gavin signed Bill AB 3121, which established a task force to study and make recommendations on reparations for slavery. The state taskforce, created by that legislation signed by Newsom in 2020, has yet to put a price on reparations, but they have recommended a remedy for housing discrimination alone that topped $560 billion, or $223,000 for each qualifying descendent of a Black living in the US prior to 1900 now residing in California state. They also released a 500-page interim report, in which the 9 member California task force details what it considers 300 years of repression and discrimination for which Black Americans deserve compensation. It cites government policies, Jim Crow laws and redlining for causing the wealth gap between white and black communities.

This other San Francisco committee is saying ""America must admit its sin," says Rev. Amos Brown, a member of the San Francisco committee proposing to pay each black resident up to $5 million each in reparations. "Atone for it and act in terms of providing concrete measures that would pay back for the wrong that was done.". Eligibility for the San Francisco payout is you must be 18, identify as Black or African American for at least ten years. Alternatively, you could be born in the city between 1940 and 1996. A connection to slavery is not necessary. You may qualify for reparations by being "personally or the direct descendant of someone incarcerated by the failed war on drugs". The plan also calls on the city to supplement lower-income recipients’ income to reflect the Area Median Income (AMI), about $97,000, annually for at least 250 years. See more details and more in-depth breakdown at https://www.foxnews.com/politics/san...bt-forgiveness.

Here are a few interesting Reparation stories from over the last few years...

Harvard releases report detailing its ties to slavery, plans to issue reparations.
https://www.npr.org/2022/04/27/10949...ts%20in%201783.

Enslaved labor built these universities. Now they are starting to repay the debt.
https://www.usatoday.com/story/news/...ns/2612821001/

Cambridge University admits it profited from historical slavery.
https://www.euronews.com/2022/09/23/...orical-slavery

Connecticut Newspaper Admits to Profiting From Slave Ads.
https://www.democracynow.org/2000/7/...profiting_from

Lloyd's of London to pay for 'shameful' Atlantic slave trade role.
https://www.reuters.com/article/us-m...-idUSKBN23P0SM

If you want to keep up with the status Federal Bill H.R.40 - Commission to Study and Develop Reparation Proposals for African Americans Act.
Check out https://www.congress.gov/bill/118th-.../house-bill/40

Interesting times indeed...

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Originally Posted by Chambo

Not the only town that happened to either. Check out ROSEWOOD in Florida, Springfield. MA, Memphis, TN, and of course, the NYC draft riots of 1863

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Not to mention Seneca village, or the MOVE compound in chicago