Economists who counsel California pay $800 billion in reparations to Black residents are weighing a ton of things past simply ancestry … and the Vice Chair of San Francisco’s reparations committee says, all issues thought-about, it is truly fairly honest.
Tinisch Hollins joined us Thursday on “TMZ Stay” Thursday, giving us a have a look at the various issues reparations advisory committees take note of whereas arising with estimates — together with issues just like the racial wealth hole, housing discrimination practices comparable to redlining and lack of property because of race.
Whereas the $800B quantity was urged for the state, San Fran is contemplating a separate cost — probably $5 million per eligible particular person — and she or he acknowledges the massive greenback figures create “sticker shock” … for everybody, whether or not you are professional or towards.
As we reported, Gov. Gavin Newsom‘s been pushing this for just a few years, seeking to decide how a lot Black CA residents may probably obtain in reparations.
Tinisch says it is also necessary to recollect the numbers replicate worth, not essentially money payouts — she gave us a pair different methods it may very well be distributed.
There’s a complete workforce devoted to determining the logistics for the state, taking a look at 5 key areas to assist decide all of it — identical to Tinisch’s SF committee — and it is clear all of them have numerous work to do earlier than reparations are a actuality.