Professor's price tag for reparations: $12 trillion

Monday, August 31, 2020
 | 
Bob Kellogg, Billy Davis (OneNewsNow.com)

cash 100-dollar billYou would think an economics professor would be able to add up the cost of his reparations proposal that would spread $12 trillion among black Americans.  

“It's an enormously ridiculous amount of money. We don’t have it,” columnist Deroy Murdock says of The Roosevelt Institute plan that calls for approximately $800,000 per black household.

Breitbart News was the first news outlet to report on Darity’s report, co-authored with his wife Kirsten, that says the U.S. government is the “culpable party” that must “pay the debt."

The report also states:

Murdock

Ultimately, respect for black Americans as people and as citizens—and acknowledgment, redress, and closure for the history and financial hardship they have endured—requires monetary compensation.

Murdock, a member of Project 21, says that proposal equals the entire federal budget over a four-year period.

“So if you want to fund this,” he points out, “one way to do it is just have absolutely no federal spending on anything else whatsoever."

The entire idea is offensive, Murdock maintains, because it presumes African-Americans are unaccomplished victims just waiting for reparations checks.

The professor's push is not being ignored. Duke University is located in the college town of Durham, North Carolina, where a “racial equality” task force created by the City of Durham has recommended a reparations fund to address “systemic racism.”

Sharecroppers (B&W pic)On the Duke campus, Professor Darity serves as a distinguished professor of public policy, where he teaches economics and racial inequality, and studies and writes on race-based educational achievement gaps.

“Dramatic social change creates imagination,” he states in a 2016 promotional Youtube video, “beyond the boundaries that are set by existing policies.”

The professor states in the two-minute video that he remembers growing up when his grandmother lived in a part of town “on other side of the railroad tracks,” meaning a poorer black area of the city separate from white neighborhoods.  

Rosa ParksIt is not clear if Professor Darity would benefit from his own demand for reparations.Tax records for Durham County show his two-story home is appraised at $325,000 in a county where the per-capita income is $34,063.

According to Murdock, the best way to address inequality is two words: school choice.

"The best thing we can do,” he tells OneNewsNow, “is take kids who are black and Hispanic, and other minorities who are in schools and not learning anything, we need to have an environment where kids who want to learn have an opportunity to learn."

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