San Francisco's proposed reparations plan could cost the city over $100 billion, the New York Times reports.
The plan, backed by San Francisco supervisors in March, would dole out $5 million to each Black resident, eliminate all personal debt, guarantee annual incomes of at least $97,000 for 250 years and homes for Black residents for just $1, among other things.
The idea of Black reparations is not new, but the federal government's promise of granting 40 acres and a mule to newly freed slaves was never realized. It wasn't until George Floyd, a Black man, was killed in police custody in 2020 that reparations movements began spreading in earnest across the country.
The state of California and the cities of Boston and San Francisco are among jurisdictions trying to atone not just for chattel slavery, but for decades of racist policies and laws that systemically denied Black Americans access to property, education and the ability to build generational wealth.... Read More: Newsmax