San Francisco committee establish by their board of supervisors recommends 5 million in reparations to each black eligible resident.
To be initially eligible, applicants must be 18 and show they have identified as black or African American on public documents for at least 10 years.
They must also prove that they meet two out of eight additional standards — including being born in or having migrated to San Francisco between 1940 and 1996, and having proof of residency for at least 13 years, being personally or a direct descendant of someone jailed in the “failed War on Drugs,” or being a descendant of someone enslaved before 1865...
...The plan also calls on the city to supplement lower-income recipients’ income to reflect the Area Median Income (AMI), about $97,000, annually for at least 250 years....
The committee will make its recommendations to the city in June, and Board of Supervisors President Aaron Peskin told the San Francisco Chronicle he hopes they will be approved...
The report does not include any estimates on the overall cost of the reparations...
They should tell all the white and Asian err 'white adjacent' folks in San Fran that their taxes are going to be doubled for like the next decade to pay for reparations for the black folks in San Fran..
The proposal could cost the city, which has a 2022-2023 budget of $14 billion, roughly $50 billion, the Daily Mail reported....
But San Francisco is already reeling from a lower-than-expected property tax intake because of the coronavirus pandemic and Mayor London Breed’s office is predicting a budget shortfall of roughly $728 million over the next two years, the Real Deal reported.
https://nypost.com/2023/01/16/sf-repara ... residents/
https://www.foxnews.com/politics/san-fr ... orgiveness
Lawl, good luck trying to implement that..
California & Democrats...
5 million BTW, according to an online net worth calculator, would put someone in the top 3% in the US.
5 million liquid assets would have to be in the top tiny fraction of 1%...
To all white and Asian err I mean 'white adjacent' people in San Francisco: Get ready to have your taxes doubled or tripled to pay for reparations for your black neighbors that you have oppressed..