7/14/2020, 6:33 am
The nation's mayors on Monday backed a national call for reparations to 41 million black people, a program that could cost taxpayers $6.2 quadrillion, or $151M per descendant.
Note: This is what a quadrillion looks like written out: 1,000,000,000,000,000.
The U.S. Conference of Mayors released a letter backing a Democratic plan to form a reparations commission to come up with a payment for slavery.
“We recognize and support your legislation as a concrete first step in our larger reckoning as a nation, and a next step to guide the actions of both federal and local leaders who have promised to do better by our black residents,” said the letter from Conference President Greg Fischer, mayor of Louisville.
A new study from three college professors said that the ultimate cost could be $6.2 quadrillion. Quadrillion comes after trillion, and one quadrillion has 15 zeros.
The study suggests a payment of $151 million each, and the cost to every person would be $18.96 million.
Dear Congresswoman Jackson Lee and Senator Booker: On behalf of The United States Conference of Mayors, I am pleased to share with you that last week at the Conference's 88th Annual Meeting, the nation's mayors unanimously passed a resolution (link)
I sponsored in support of the Commission to Study and Develop Reparation Proposals for African-Americans Act (H.R. 40/S. 1083). We recognize and support your legislation as a concrete first step in our larger reckoning as a nation, and a next step to guide the actions of both federal and local leaders who have promised to do better by our Black residents.
Our support of your bicameral legislation is not just an endorsement – it is a resolution. We have resolved to do better for our Black residents by promoting equal rights and opportunity through the implementation of policy reforms at the local level, as well as through our advocacy for action at the federal level.
This year, the nation's mayors will work diligently on a national platform known as an American Breakthrough, which will be informed by mayor-led work groups on critical interconnected challenges: Police Reform and Racial Justice; Guiding the COVID-19 Response and Health Equity; Eliminating Poverty; Dismantling Systemic Racism; and Supporting Equitable Economic Recovery. We are committed to doing our role in local government to disrupt systemic racism, which inhibits the realization of a nation of liberty, prosperity, and justice for all.
Thank you for your tireless advocacy on behalf of our cities. We are proud to echo your calls to address centuries of racial injustice and inequities in America, and the nation's mayors stand ready to support and amplify your efforts.
Sincerely,
Greg Fischer
Mayor of Louisville
President
Well let's see, $6.2 Quadrillion...
Here's all the money in the world, in one chart, by Sue Chang in MarketWatch.com
Ever wonder how much money there is in the world?
The answer is complicated, which you might expect, but not because of the difficulty of tallying up all the rather large numbers. Rather, it's more about which parameters are used to define “money.”
Note: This answer is far to complicated to condense in a short paragraph, so please click the link and read the article for yourselves.
Needless to say, a hell-of-a-lot more money tree's will need to be planted to pay for this idea!
Note: This is what a quadrillion looks like written out: 1,000,000,000,000,000.
The U.S. Conference of Mayors released a letter backing a Democratic plan to form a reparations commission to come up with a payment for slavery.
“We recognize and support your legislation as a concrete first step in our larger reckoning as a nation, and a next step to guide the actions of both federal and local leaders who have promised to do better by our black residents,” said the letter from Conference President Greg Fischer, mayor of Louisville.
A new study from three college professors said that the ultimate cost could be $6.2 quadrillion. Quadrillion comes after trillion, and one quadrillion has 15 zeros.
The study suggests a payment of $151 million each, and the cost to every person would be $18.96 million.
I sponsored in support of the Commission to Study and Develop Reparation Proposals for African-Americans Act (H.R. 40/S. 1083). We recognize and support your legislation as a concrete first step in our larger reckoning as a nation, and a next step to guide the actions of both federal and local leaders who have promised to do better by our Black residents.
Our support of your bicameral legislation is not just an endorsement – it is a resolution. We have resolved to do better for our Black residents by promoting equal rights and opportunity through the implementation of policy reforms at the local level, as well as through our advocacy for action at the federal level.
This year, the nation's mayors will work diligently on a national platform known as an American Breakthrough, which will be informed by mayor-led work groups on critical interconnected challenges: Police Reform and Racial Justice; Guiding the COVID-19 Response and Health Equity; Eliminating Poverty; Dismantling Systemic Racism; and Supporting Equitable Economic Recovery. We are committed to doing our role in local government to disrupt systemic racism, which inhibits the realization of a nation of liberty, prosperity, and justice for all.
Thank you for your tireless advocacy on behalf of our cities. We are proud to echo your calls to address centuries of racial injustice and inequities in America, and the nation's mayors stand ready to support and amplify your efforts.
Sincerely,
Greg Fischer
Mayor of Louisville
President
Well let's see, $6.2 Quadrillion...
Here's all the money in the world, in one chart, by Sue Chang in MarketWatch.com
Ever wonder how much money there is in the world?
The answer is complicated, which you might expect, but not because of the difficulty of tallying up all the rather large numbers. Rather, it's more about which parameters are used to define “money.”
Note: This answer is far to complicated to condense in a short paragraph, so please click the link and read the article for yourselves.
Needless to say, a hell-of-a-lot more money tree's will need to be planted to pay for this idea!
