San Francisco Open to Giving Black Residents $5 Mil Each in Reparations

San Francisco is without doubt one of the few cities that seems to be critically contemplating reparations for its Black residents — and there are some exhausting figures on the desk … from $1 to thousands and thousands.

SF’s Board of Supervisors — consisting of 11 members — heard a proposal this previous week that was put forth by a reparations committee — which shaped a number of years again, on the behest of the City, within the wake of the George Floyd protests throughout the nation.

On Tuesday, these people shared their strategies on how you can make issues proper with the African-American neighborhood … they usually landed on $5 million per eligible Black resident. There’s sure standards they take into consideration … together with being not less than 18 years previous and having recognized as Black/African-American in public paperwork for not less than 10 years, amongst others.

There’s extra that folk might obtain below the draft reparations plan. In addition to the one-time $5M payout, the committee advisable a assured fundamental earnings thereafter … within the quantity of $97,000/yr, for 250 years.

Plus, they’d have all their money owed and tax burdens cleaned, no questions requested. And lastly … single-family SF properties for only a buck. It appears every household can be allowed to purchase only one, though it isn’t fully clear.

In phrases of paying for all of this … the reparations committee did not have any solutions, as a substitute placing that burden on the supervisors themselves. The BOS, in flip, truly supported the proposal unanimously — and mentioned they might determine funding later.

The Board’s solely Black supervisor, Shamann Walton, has been main the cost on this … and says he needs the reparations bundle to be included in future City budgets.

BTW, not everybody agrees with the phrases laid out by the committee — which is made up Black leaders/neighborhood members in and round SF. One opponent is definitely the NAACP — which, whereas supporting the concept of reparations, just isn’t on board with the $5M money payouts … as a substitute calling for the main target of funding to be in establishments, like faculties/housing, and so on.