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Thread: Georgetown undergrads back fee to fund slavery reparations

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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by JustHanging View Post
    Don't talk such nonsense. I contribute far more than I receive, and I agree with reparations. For Canada's First Nations people, and for blacks and First Nations people in the USA.

    I also agree with helping my neighbours, whether they've got their hands out or not. It makes my country a better place to live for everyone. Maybe that's why my country has better education, better healthcare, less violence, less hatred, less racism, less incarceration, more environmental protection, more freedom, more freedom of the press, and on and on it goes.

    Honestly, compared to Canada, the USA is currently a.....how did Trump describe it again...something that started with an "S" I believe ... country. And I believe that has a lot to do with the unabashed greed and gluttony of so many Americans.
    My preference would be to resolve the situation in accordance with the actual system of "land tenure" that existed at the time.

    The original inhabitants of North America did NOT "own land" in the same sense as the Europeans did. Rather they (at least the non-migratory groups) had a system of REVOCABLE "land USE right". That "land USE right" could be terminated at any time by someone higher up the social ladder (in particular the "band chief').

    Under European law, "land ownership right" differed from "land use right" in that a revocation of "land use right" was accompanied by a payment for the "loss of income". (Under the system of the original inhabitants of North America there was no need for any such payments.)

    That means that, rather than continuing to pay "the band" for the loss of use of the land, which "the band" didn't actually exercise, the compensation would flow to the parties whose actual use of the land had been taken away.

    That means that the payments should go to the individuals.

    I previously did a rough calculation and that payment would come out to approximately $18,000 per year per "full blood" person who traces their ancestry back to the "original inhabitants of North America". Surprisingly enough, for Canada that worked out to approximately the same amount as the Department of Indian and Native Affairs (or whatever it's being called these days) was paying out to "the tribes".

    If you hold 50% of the payments for minor children in trust, to be paid out when the child reaches the age of majority, that would mean that a "original inhabitant" family of four would receive around $54,000 p.a. TAX FREE. That should remove 100% of the "original inhabitant" families from the poverty roles AND would provide every child of an "original inhabitant" family with around $162,000 TAX FREE as "seed money" when they reached the age of 18.

    If the "Band Council" wants to be paid $200,000 (each) per year, then the "Band Council" can simply go to the "band members" to get them to kick in towards it out of their own pockets. (My suspicion is that that would SIGNIFICANTLY reduce the percentage of the money allocated to "original inhabitants" that would be going to "local administration".)
    I was told that the best things for me were to eat healthy foods, walk up hills, stop smoking cigars, and cut out drinking Scotch.
    With my record, I don't deserve the best. What's second best?
    (Retirement Dinner remarks)

  2. #252
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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by $1000 View Post
    That money was flowing outside of the country, so you were increasing the money supply while not increasing the amount in internal circulation.
    What will be the US credit rating after the huuuuuuge buildup of gov't debt? Who is gonna buy those US bonds issued by US gov't to pay for astronomical gov't debt? Will the US owe allegiance to any of the creditor nations?

    EDIT: You say more money will just be printed? That'll is a definite recipe for hyper-inflation.
    Last edited by cabse5; 04-14-19 at 11:51 AM.
    "Elitism is not just for the rich and powerful. Elitism is everywhere. The cry of the 'Nouveau-elite' is: You can't be racist but I can be racist. You can't be sexist but I can be sexist. You can't be fascist but I can act like a fascist and fascism only happens on the right." 01/09/19

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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by TU Curmudgeon View Post
    My preference would be to resolve the situation in accordance with the actual system of "land tenure" that existed at the time.

    The original inhabitants of North America did NOT "own land" in the same sense as the Europeans did. Rather they (at least the non-migratory groups) had a system of REVOCABLE "land USE right". That "land USE right" could be terminated at any time by someone higher up the social ladder (in particular the "band chief').

    Under European law, "land ownership right" differed from "land use right" in that a revocation of "land use right" was accompanied by a payment for the "loss of income". (Under the system of the original inhabitants of North America there was no need for any such payments.)

    That means that, rather than continuing to pay "the band" for the loss of use of the land, which "the band" didn't actually exercise, the compensation would flow to the parties whose actual use of the land had been taken away.

    That means that the payments should go to the individuals.

    I previously did a rough calculation and that payment would come out to approximately $18,000 per year per "full blood" person who traces their ancestry back to the "original inhabitants of North America". Surprisingly enough, for Canada that worked out to approximately the same amount as the Department of Indian and Native Affairs (or whatever it's being called these days) was paying out to "the tribes".

    If you hold 50% of the payments for minor children in trust, to be paid out when the child reaches the age of majority, that would mean that a "original inhabitant" family of four would receive around $54,000 p.a. TAX FREE. That should remove 100% of the "original inhabitant" families from the poverty roles AND would provide every child of an "original inhabitant" family with around $162,000 TAX FREE as "seed money" when they reached the age of 18.

    If the "Band Council" wants to be paid $200,000 (each) per year, then the "Band Council" can simply go to the "band members" to get them to kick in towards it out of their own pockets. (My suspicion is that that would SIGNIFICANTLY reduce the percentage of the money allocated to "original inhabitants" that would be going to "local administration".)
    I would rather A-As be encouraged to finish school and reap the benefits of the current booming economy, for examples. This is the way for the A-A community to become financially independent without hurting everyone in the process.

    EDIT: Of course, I realize, your progressive, socialistic moral is to punish someone for the plight of A-A bondage...Too bad everyone will be punished with hyper-inflation.
    Last edited by cabse5; 04-14-19 at 11:54 AM.
    "Elitism is not just for the rich and powerful. Elitism is everywhere. The cry of the 'Nouveau-elite' is: You can't be racist but I can be racist. You can't be sexist but I can be sexist. You can't be fascist but I can act like a fascist and fascism only happens on the right." 01/09/19

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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by Individual View Post
    If you want to go that route, why not just 50 sovereign countries, more like the EU?
    If you will check you will see that I never said that I "want to go that route". What I did was point out that that would (essentially) be the end result of the "solution" being advocated.
    I was told that the best things for me were to eat healthy foods, walk up hills, stop smoking cigars, and cut out drinking Scotch.
    With my record, I don't deserve the best. What's second best?
    (Retirement Dinner remarks)

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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by sanman View Post
    Meritocracy and Identity Politics represent different priorities. Decide which one you want to put ahead of the other.
    Didn't


    "... Oh I know all about meritocracy. It's what we don't have. It's what I want. It exists when people who want to translate their labor into value have a chance to access the means of production without being mediated by a parasitic managerial caste. I distinctly don't want 'identity politics', ..."

    do just that?
    I was told that the best things for me were to eat healthy foods, walk up hills, stop smoking cigars, and cut out drinking Scotch.
    With my record, I don't deserve the best. What's second best?
    (Retirement Dinner remarks)

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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by cabse5 View Post
    Because reparations for you isn't a progressive social moral to gain financial stability for the A-A community and because it's an election year, soon.
    One minor point, in the United States of America the "election year" is 1,461 days long.
    I was told that the best things for me were to eat healthy foods, walk up hills, stop smoking cigars, and cut out drinking Scotch.
    With my record, I don't deserve the best. What's second best?
    (Retirement Dinner remarks)

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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by TU Curmudgeon View Post
    One minor point, in the United States of America the "election year" is 1,461 days long.
    I should've posted election season. Sue me.
    "Elitism is not just for the rich and powerful. Elitism is everywhere. The cry of the 'Nouveau-elite' is: You can't be racist but I can be racist. You can't be sexist but I can be sexist. You can't be fascist but I can act like a fascist and fascism only happens on the right." 01/09/19

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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by cabse5 View Post
    What will be the US credit rating after the huuuuuuge buildup of gov't debt? Who is gonna buy those US bonds issued by US gov't to pay for astronomical gov't debt? Will the US owe allegiance to any of the creditor nations?
    They've been buying it for how long now? The US dollar is the reserve currency of the world, and we kneecap anyone who threatens it, so they will keep doing so. The idea of us owing allegiance to a creditor isn't accurate at all; if we default, the creditor would be destroyed overnight. It would essentially vaporize a huge segment of their wealth. The possibility of default gives us power over them, because there is no higher global policeman to call to collect the loan; we are the policeman. I'm sure the system will fall eventually, but it will be for geopolitical reasons.

    "This is very much about H U M A N E M P O W E R M E N T"
    - Andrew Yang -

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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by $1000 View Post
    They've been buying it for how long now? The US dollar is the reserve currency of the world, and we kneecap anyone who threatens it, so they will keep doing so. The idea of us owing allegiance to a creditor isn't accurate at all; if we default, the creditor would be destroyed overnight. It would essentially vaporize a huge segment of their wealth. The possibility of default gives us power over them, because there is no higher global policeman to call to collect the loan; we are the policeman. I'm sure the system will fall eventually, but it will be for geopolitical reasons.
    For one, the dollar would no longer be the reserve currency of the world since the credit rating of the US would plummet with reparations. For two, the dollar would no longer be the reserve currency of the world if the US decided to print more money to pay for reparation debt.
    "Elitism is not just for the rich and powerful. Elitism is everywhere. The cry of the 'Nouveau-elite' is: You can't be racist but I can be racist. You can't be sexist but I can be sexist. You can't be fascist but I can act like a fascist and fascism only happens on the right." 01/09/19

  10. #260
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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by cabse5 View Post
    I would rather A-As be encouraged to finish school and reap the benefits of the current booming economy, for examples. This is the way for the A-A community to become financially independent without hurting everyone in the process.
    Exactly how many of those "A-As" (as you have so cutesily termed them) have actually been to Africa (or even have a parent who has actually been to Africa)?

    Quote Originally Posted by cabse5 View Post
    EDIT: Of course, I realize your progressive, socialistic moral is to punish someone for the plight of A-A bondage...Too bad everyone will be punished with hyper-inflation.
    Not MY agenda. Of course, if you had actually read what I wrote you would have known that, so I'll attribute your comment to you not having read what I wrote.

    PS - Does someone of pure Dutch/English lineage who was born in South Africa
    (and whose parents were all of pure Dutch/English lineage and were born in South Africa
    [and whose grandparents were all of pure Dutch/English lineage and were born in South Africa
    {and whose great grandparents were all of pure Dutch/English lineage and were born in South Africa
    <and whose great great grandparents were all of pure Dutch/English lineage and were born in South Africa>}])
    and who is now an American citizen qualify as an "African-American"?

    If your answer is "No." then please identify what is required to be an "AFRICAN-American".
    Would it entail at least one parent having been born in Africa?
    Would it entail at least one grandparent having been born in Africa?
    Would it entail at least one great grandparent having been born in Africa?
    Would it entail at least one great great grandparent having been born in Africa?

    If so, does someone of pure "Negroid" lineage and who was born in France
    (and whose parents were all of pure "Negroid" lineage and who was born in France
    [and whose grandparents were all of pure "Negroid" lineage and who was born in France
    {and whose great grandparents were all of pure "Negroid" lineage and who was born in France
    <and whose great great grandparents were all of pure "Negroid" lineage and who was born in France>}])
    and who is now an American citizen qualify as an "African-American"?

    Or is all that is required is that the person "be 'Black'"?

    If so, HOW 'Black' would they have to be:
    100%;
    75%;
    50%;
    25%;
    12.5%;
    6.25%;
    3.125%;

    or is "Not as 'White' as I am." a sufficiency?
    I was told that the best things for me were to eat healthy foods, walk up hills, stop smoking cigars, and cut out drinking Scotch.
    With my record, I don't deserve the best. What's second best?
    (Retirement Dinner remarks)

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