this would destroy the free market.
https://www.foxnews.com/politics/san-frans-reparations-committee-proposes-5-million-each-longtime-black-resident-total-debt-forgivenessPublished January 16, 2023 11:18am EST
San Fran's reparations committee proposes $5 million to each Black longtime resident, total debt forgiveness
San Francisco's reparations committee also proposes supplementing lower-income recipients’ income for 250 years
San Francisco’s reparations committee has proposed paying each Black longtime resident $5 million and granting total debt forgiveness due to the decades of "systematic repression" faced by the local Black community.
The San Francisco African American Reparations Advisory Committee, which advises the city on developing a plan for reparations for Black residents, released its draft report last month to address reparations – not for slavery, since California was not technically a slave state, but "to address the public policies explicitly created to subjugate Black people in San Francisco by upholding and expanding the intent and legacy of chattel slavery."
"While neither San Francisco, nor California, formally adopted the institution of chattel slavery, the tenets of segregation, white supremacy and systematic repression and exclusion of Black people were codified through legal and extralegal actions, social codes, and judicial enforcement," the draft states.
The draft plan includes a long list of financial recommendations for Black San Francisco residents, including a one-time, lump sum payment of $5 million to each eligible individual,