The American economy is in rough shape, yet Democrats are hell-bent on bleeding taxpayers dry.
Many experts are sounding the alarm of an impending recession, and many on the Left do not seem to care.
But even Nancy Pelosi is scratching her head over this outlandish proposal.
Reparations are bad for the economy and bad for society
Reparations for slavery is a common policy proposal on the Left.
These reparations are intended to give financial assistance to the descendants of slaves, even though slavery was abolished in 1865.
Reparation proposals often do not go far, as they are extremely costly, and tracking down the direct descendants of slaves is not always an easy task.
However, San Francisco’s recent reparations proposal is the most extreme to date.
In 2020, San Francisco created the reparations task force to determine how much should be doled out to the alleged descendants of slaves.
Per Breitbart News, this task force “proposed that each long-term black resident of the city receive $5 million, though California entered the Union as a free state in 1850.”
To make matters worse, this figure of $5 million a head was pulled out of thin air.
The Washington Post’s reporting admitted as much.
Per the Washington Post, “There wasn’t a math formula,” said Eric McDonnell, chair of the reparations committee and the principal of Peacock Partnerships, a San Francisco-based consulting firm. “It was a journey for the committee towards what could represent a significant enough investment in families to put them on this path to economic well-being, growth and vitality that chattel slavery and all the policies that flowed from it destroyed.”
The Washington Post added, “The proposal doesn’t explain who would qualify, but if even a fraction of the city’s 50,000 Black residents met the criteria, it would consume a huge amount of the city’s annual budget.”
Despite having three years to come up with a proposal, the geniuses on this task force simply made up a number without any plan of action.
San Francisco’s reparations plan is a total disaster
The poorly assembled reparations plan in San Francisco reveals what Democrats want to do all across America.
For years, the Left has used this policy as a threat, and any day now this could become a reality for all Americans.
Reparations are a bad idea for the economy, and for society in general.
These massive amounts of money do absolutely nothing to heal racial divides, if anything it makes them worse.
Instead of worrying about reparations, San Francisco and other cities should worry about tackling out-of-control control crime and homelessness.
Stay tuned to Blue State Blues for any updates to this ongoing story.