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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 cabse5 View Post
    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.
    Lol, we've gone 20 trillion into debt, but reparations would break the bank? That's beside the point, I support land redistribution anyway. The five largest landowners in the US own more land than all black people in America combined. Take it. Hell, take it from the top 100 land owners. There we go. Then you can put resources into building and renovating towns which make more sense, ones that are walkable and more self-contained. And these are investments which would actually pay off because guess what? Black people who have access to the means of production don't need so much assistance. They get out of the cities. Same goes for the rust belt.
    Last edited by $1000; 04-14-19 at 12:29 PM.

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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by cabse5 View Post
    I should've posted election season. Sue me.
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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.
    Minor point here, but the US Dollar is NOT "THE reserve currency of the world".

    Admittedly the US Dollar does constitute around 60% of the total of the world's "reserve currencies" - at present. (In 1970, the US Dollar constituted around 85% of the world's "reserve currencies". In 2016 the US Dollar constituted around 65.73% of the world's "reserve currencies". In 2008, it was around 63.77%. In 2000 it was around 71.13%)
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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by cabse5 View Post
    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.
    For another thing the US Dollar is NOT "the reserve currency of the world".
    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.
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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by 3leftsdoo View Post
    Weird that there's so much opposition to something so fair and moral.

    But some of the naysayers on this also oppose socialized medicine, so maybe it's the same bizarre mindset.

    The very real and devastating legacy of slavery?

    Meh.

    Some imaginary injury to white people?

    End of the world!!!!!

    Can we have some common sense the Union Army (the North) paid in death and injury to free slaves. The Southern plantations were broken up (40 acres and a mule) to the point by 1910 15m acres were owned by African Americans.

    Booker T. Washington was against reparations. Read his works..especially "Up from Slavery".
    Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats. It is inaccurate to say that I hate everything. I am strongly in favor of common sense, common honesty, and common decency. This makes me forever ineligible for public office. H.L Mencken

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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by $1000 View Post
    Lol, we've gone 20 trillion into debt, but reparations would break the bank? That's beside the point, I support land redistribution anyway. The five largest landowners in the US own more land than all black people in America combined. Take it. Hell, take it from the top 100 land owners. There we go. Then you can put resources into building and renovating towns which make more sense, ones that are walkable and more self-contained. And these are investments which would actually pay off because guess what? Black people who have access to the means of production don't need so much assistance. They get out of the cities. Same goes for the rust belt.
    Are blacks today prohibited from starting business or something?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by j-mac View Post
    Are blacks today prohibited from starting business or something?
    Banks typically won't loan poor black people money, and usually they start businesses outside of the black community if they do get capital, in more gentrified areas. People can't just pull startup capital out of their ass, and if there's no consumer market due to poverty then it's better to invest elsewhere. That's part of why I support UBI; it instantly creates a consumer market wherever there are people, and thus encourages local entrepreneurs and really helps to pull people out of poverty. Means tested welfare does the opposite, and discourages people trying to become economically mobile.
    Last edited by $1000; 04-14-19 at 03:48 PM.

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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by $1000 View Post
    Banks typically won't loan poor black people money, and usually they start businesses outside of the black community if they do get capital, in more gentrified areas. People can't just pull startup capital out of their ass, and if there's no consumer market due to poverty then its better to invest elsewhere. That's part of why I support UBI; it instantly creates a consumer market wherever there are people, and thus encourages local entrepreneurs and really helps to pull people out of poverty. Means tested welfare does the opposite, and discourages people trying to become economically mobile.
    Save it....Redistribution, and wealth confiscation are communist ideals that will NEVER take hold here...Blacks have the same opportunity to advance as anyone else, that you argue they don't is just perpetuation of the Democrat plantation mentality....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by austrianecon View Post
    Can we have some common sense the Union Army (the North) paid in death and injury to free slaves. The Southern plantations were broken up (40 acres and a mule) to the point by 1910 15m acres were owned by African Americans.

    Booker T. Washington was against reparations. Read his works..especially "Up from Slavery".
    The Union army didn't fight to free the slaves, they fought to preserve the Union. Most people, North or South, were racist back in those days. Abolitionism was not the majority position in the North, and Union soldiers were famously caught preparing to ship 'freed' Gullah people in the Sea Islands to Cuba to resell them back into slavery after raiding their food supplies.

    The forty acres and a mule would have been an awesome idea. But... it didn't actually happen. It's infamous in American history as a broken promise. Many blacks became sharecroppers who didn't own the land which they worked. Some homesteaded. But a lot of them lost their land (much of which was privately purchased) during periods of economic depression.

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    Re: Georgetown undergrads back fee to fund slavery reparations

    Quote Originally Posted by j-mac View Post
    Save it....Redistribution, and wealth confiscation are communist ideals that will NEVER take hold here...Blacks have the same opportunity to advance as anyone else, that you argue they don't is just perpetuation of the Democrat plantation mentality....
    Okay buddy, I'm not even a democrat. Redistribution was the position of Thomas Jefferson and Thomas Paine, it's as American as apple pie. You're just more influenced by a bunch of Cold War apologists for capitalism than you are by economists in the American tradition like Henry George. Fun fact: even those apologists supported UBI! Hayek did so explicitly, and Friedman did so in the modified form of a negative income tax. Right now, the current mind-worm that has infected the American right demands that they kneel before multinational corporations who want to turn this country into a gray sea of mindless, hedonistic consumers. These corporations also hate anything that the 'conservatives' supposedly want to 'conserve'. If the founding fathers were alive today, they'd spit on any of the speakers at CPAC.
    Last edited by $1000; 04-14-19 at 03:50 PM.

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