Imagine California actually throwing out this amount...
California, which entered the Union in 1850 as a free state, is now considering reparations of up to $360,000 per eligible recipient — more than 50% more than the amount floated as the highest possibility last year.
Hard to see how it would not negatively impact real estate and other markets. Hard to see how it would also not get wasted in notorious ways by some recipients.
I am not entirely against the idea of trying to uplift through handouts - I am not an extreme capitalist - but I think they should really be thinking twice before doing anything like this.
California: Reparations Now Up to $360,000; State Never Allowed Slavery
California, which entered the Union in 1850 as a free state, is now considering reparations of up to $360,000 per eligible recipient — more than 50% more than the amount floated as the highest possibility last year.Joel B. Pollak (Breitbart)
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