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Reparations for Black Californians could top $800 billion
The preliminary estimate is to compensate Black residents for generations of overpolicing, disproportionate incarceration and housing discrimination.
March 29, 2023
It could cost California more than $800 billion to compensate Black residents for generations of overpolicing, disproportionate incarceration and housing discrimination, economists have told a state panel considering reparations.
The preliminary estimate is more than 2.5 times California’s $300 billion annual budget and does not include a recommended $1 million per older Black resident for health disparities that have shortened their average life span. Nor does the figure count compensating people for property unjustly taken by the government or devaluing Black businesses, two other harms the task force says the state perpetuated.
https://www.nbcnews.com/news/nbcblk/...lion-rcna77160
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