A few days ago I ran across an article online where a teacher (http://activistteacher.blogspot.ca/2013/01/calculated-minimum-reparation-due-to.html?m=1) decided to do the math behind what black people would be owed if we got reparations adjusted for todays minimum wage values. He did his numbers based solely on a minimal economic value of free slave labor adjusted at the lowest reasonable rate of interest.
The number he came up with was $1.5 million dollars for every Black person in this country that descended from a enslaved ancestor, which is roughly, wait for it…………… $59.2 trillion dollars. Yep approximately $60 trillion in reparations is owed to blacks in America and this is based off minimum values. This is why Congress will never seriously talk about reparations in a meaningful way.
Crazy isn’t it!
So after reading the article it got me thinking. If the newly freed slaves had gotten the 40 acres and a mule promised to them by Lincoln during the Civil War, how much land would we own?
After doing the math it was simple to realize why they went back on that plan almost immediately after the war was over, so here it is! Continue reading