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Economists who counsel California pay $800 billion in reparations to Black residents are weighing a ton of elements past simply ancestry … and the Vice Chair of San Francisco’s reparations committee says, all issues thought of, it is really fairly truthful.
Tinisch Hollins joined us Thursday on “TMZ Live” Thursday, giving us a have a look at the various issues reparations advisory committees have in mind whereas arising with estimates — together with issues just like the racial wealth hole, housing discrimination practices akin to redlining and loss of property as a consequence of race.
While the $800B quantity was prompt 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 a number of years, seeking to decide how a lot Black CA residents might doubtlessly obtain in reparations.
Tinisch says it is also vital to recollect the numbers mirror worth, not essentially money payouts — she gave us a pair different methods it could possibly be distributed.
There’s a whole staff devoted to determining the logistics for the state, taking a look at 5 key areas to assist decide all of it — similar to Tinisch’s SF committee — and it is clear all of them have so much of work to do earlier than reparations are a actuality.
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