[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!

*** 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...