BET Founder wants 14T in reparations

H

Horn6721

Hook'em
Here we go
"
The founder of Black Entertainment Television (BET), Robert Johnson says the recent riots prove that the U.S. needs to “go big” with a “$14 trillion” expenditure for slavery reparations as a way to address racial inequality in America.

Appearing on CNBC’s Squawk Box on Monday, Robert Johnson insisted, “Now is the time to go big” with a really big plan."
BET Founder Robert Johnson Calls for '$14 Trillion' for Slavery Reparations
 
WTF??
$14T

if the Fed considers that I’m leaving the country. We’re not safe here anymore. Grand Cayman looking better and better!
 
Have to prove you are decedent of a slave.

I have spoken with many black people on this subject, and they all have the same answer, there is no way in God's green earth to do this. I took a DNA test and I have 1% of me comes from Cameroon, do I get some of that money? Who makes the rules on this? I know some people who are half black and half white but they look almost 100% white, do they get some? Does Barrack Obama get some, his black father came to the US from Africa long after slavery was over, does he get some?

I don't want to enslave our children just because their forefathers were slaves. I'm sorry for your sorrows but It isn't going to happen. What about Mexicans and Indians, do we give them something as well?

The funny thing is, we can give out 50 trillion dollars and within 5 years all that money would end up in the hands of the Ultra rich. First off we would experience hyper inflation, that 3 dollar loaf of bread would cost 300 dollars, not to mention that China and most other countries will come off the US Dollar standard which would destroy our economy and make the dollar as valuable as a German Reich mark after WWII.

It's time for Red States and blue states to separate or just have the war we are moving towards.
 
Bill, I know you don't do nuance, but my remark was meant to be sarcastic, as in, how much is this very wealthy man wanting to chip in?

apologies for continuing to befuddle you
 
I would suggest Mr Johnson dig out Mohammed Ali's visit with Johnny Carson, during which Ali stated that it doesn't matter what you give us, until we correct the problem in our homes, we'll destroy and trash anything we are given.
 
LOL

I'm guessing you didnt catch how you always seem to delete your posts moments after you make them, so I want to catch them so they show up later.

Didn't mean to Befuddle you.
 
Would affirmative action, welfare, foot stamps, free school lunches and all existing forms of relief end? Would there be an offset for all forms of relief that have been provided from the taxpayers since the 1964 Civil Rights Act was enacted? Would all Liberals become Conservatives on the issue of race?

Or would it be like the union situation where virtually everything they fought for has now been enacted into existing law yet they still want more power?
 
Let's see the national debt is approaching 26T so if we throw another 14T on the pile, that's 40T. Yeah, sure, I can see how that would be good for the country. We'll just have to be like a Third World country where you need a wheel barrow of money to buy a loaf of bread.
 
Clean said:
Let's see the national debt is approaching 26T so if we throw another 14T on the pile, that's 40T. Yeah, sure, I can see how that would be good for the country. We'll just have to be like a Third World country where you need a wheel barrow of money to buy a loaf of bread.
Click to expand...
Thanks Clean you just made the case why we all should own Bitcoin and some Gold. Real Vision an Educational video by Raoul Pal I heard last night said interest rates and 2 yr and 5 yr fixed T Bond rates are all near 0 and will be negative soon. This WILL NOT slow down our currency debasement due to quantitative easing out to infinity. So, with negative rates, 30% real unemployment and -30%+ GDP in 2020. The stock market will correct down fast once rates get past -2% on Bond Yields. There will be nowhere to invest except Gold and Bitcoin.

Flight to safety and non correlation to central banks! It’s the future! Sad but true.
 
You know I was only referring to BTC? :fire:

Of course you do. :bounce1:

It's like Jerome Powell's trying to make us Rich or something.
 
iatrogenic said:
I could agree to that, but it would have some strict conditions.
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It would need some conditions, but if it was possible to know that $14T would be a true and binding settlement and release on the race issue (meaning that it could no longer be raised as a political matter and that guys like Al Sharpton would have to get regular jobs), I'd happily find the $14T and pay it. That would be a colossal bargain.

What we have to deal with in terms of bad policy and stupid decisions driven by racial politics costs us way more than $14T. There is undoubtedly lost productivity, waste, and higher costs caused by affirmative action. How much does it cost to have ****** but extremely expensive public education that can't get fixed to a large degree because of racial politics? How much does it cost to be unable to deal with illegitimacy (whether by policy or just by social stigma) because of the racial element? What if we could deal with it? Think about the prisons we could close because of all the violent crime that wouldn't happen anymore. Think about the productivity that we'd gain by all the lives and families that wouldn't be ruined (both on the victim side AND the perpetrator side). Think about how much social welfare programs could be scaled back. It wouldn't take long for all that to add up to $14T.

The only reason I oppose reparations is that I know it wouldn't be a true release. People would still *****, and the race card would still get played, which means we'd have the same crappy policy and issues. We would just be taking $14T out of our wallets and wiping our collective *** with it.
 
Reparation is a trigger word IMHO. It means different things to different people. But there is no number high enough. Too many variables. The Native Americans and every other race or gender or sexual orientation group would be right behind them. I have personally hired and improved pay for about 200 Black Men 21-35 years old. I treated them fair sometimes I skipped paychecks and paid them. In the end I was destroyed publicly for being a White Business owner with Donald J Trump as President. I should have done something else! God gave me the chance to help others and I paid a price for that. Now I think a less socialistic form of money would be better for this country. Socialism has hurt Blacks in the US. That’s the true enemy.
 
Current estimates are that there are 47.5 million African-Americans in the U.S. Assuming all A-As get the money, 14T / 50M is about $280,000 per person. That's a nice chunk of change, but it's only 5 1/2 years at $50,000/year. A single parent with 2 kids can draw $38,000 a year of welfare in New York. Reparations is just a glorified welfare payment and, as Mr. Deez said, it wouldn't solve anything long term. It would probably make it worse. A lot of people would be worse off financially when the money was gone than before they got paid.
 
Clean said:
Let's see the national debt is approaching 26T so if we throw another 14T on the pile, that's 40T. Yeah, sure, I can see how that would be good for the country. We'll just have to be like a Third World country where you need a wheel barrow of money to buy a loaf of bread.
Click to expand...

Both parties have clearly indicated the national debt no longer matters. There is no plan. The Left wants to tax the rich. I just read that in 2019 the aggregate net worth of the richest 400 Americans is something like $2.4 Trillion. THEIR NET WORTH (including unrealized gains, land, hoarded assets)! So if you seized their net worth you'd still be way short. That is why a discussion of taxing the rich won't get you anywhere in reality. Talking about it is a cynical ploy to divide us and gather the socially maladjusted among us under the DNC tent.

The Republicans? Forget it. They proved long ago the debt doesn't matter. It's obvious.

Belt-tightening will never be tolerated by the Left. They would only parade those who are harmed on national TV and that would be the end of it. We need something Beto, AOC, Sanders, Warren or Biden can't provide. All they can do is tell you that the money is theirs and they will take it and redistribute it. The rest of it is not their problem because they are Robin Hood.

We need an industrial revolution. Or else it is just a ticking time bomb and one day the earth will revalue itself downward, the debt will be written off, there will be wars and whoever survives will begin again. How many decades or centuries before that happens?

Human beings tend to deny what overwhelms them. As the national debt grows it just becomes an esoteric number. Kind of like the doomsday clock.

It means nothing.

That is why virtue signaling now is the number one qualification for Liberals to be the President of the United States. The economy doesn't matter. It is only there to plunder. It is a monster that they own and will tame because blame is easy. Their constituents crave the blame game and the Stacey Adams' (who is now apparently qualified to preside over the greatest military and economic power in the history in the world) of the world play it well.

And we now have AOC, who is apparently such an economic genius that she is way over our heads, espousing the following;

"Modern Monetary Theory or Modern Money Theory (MMT) or Modern Monetary Theory and Practice (MMTP) is a macroeconomic theory that posits that fiat currency can be continually issued by a central bank to achieve full employment, without a traditional regard for budget deficits or risk of inflation."
 
Last edited:
"Modern Monetary Theory or Modern Money Theory (MMT) or Modern Monetary Theory and Practice (MMTP) is a macroeconomic theory that posits that fiat currency can be continually issued by a central bank to achieve full employment, without a traditional regard for budget deficits or risk of inflation."
Look into Bitcoin. PM me with questions.
 
AC said:
"Modern Monetary Theory or Modern Money Theory (MMT) or Modern Monetary Theory and Practice (MMTP) is a macroeconomic theory that posits that fiat currency can be continually issued by a central bank to achieve full employment, without a traditional regard for budget deficits or risk of inflation."
Look into Bitcoin. PM me with questions.
Click to expand...

Let me think about questions. I am very familiar with it. It's kind of a mind-numbing situation. A light on a computer is an asset. It seems it's only good for those with the balls and the extra cash to play market timing.
 
bystander said:
Let me think about questions. I am very familiar with it. It's kind of a mind-numbing situation. A light on a computer is an asset. It seems it's only good for those with the balls and the extra cash to play market timing.
Click to expand...
Maybe I can help. I am willing to try. PM me if you want.
 
upload_2020-6-2_10-37-5.png
 
So what this document says to me is. Buy the dip before the halving and ride it until it peaks. I plan to sell a % at the peak. The halving was May 11th. But it's still cheap (somewhat). The peak should be between October 2021 and March 2022, I have heard August 2022. Holding it is the winning strategy. I would not advocate trying to time the market. Way too risky. I may sell some in October/November 2021 then a little more in March 2022 and I'll hold some more longer. This company here does a great job with IRA's so it's tax free up front. They do Roth IRA's too. And they have physical Gold which is one place I will go if I take some out of Bitcoin. I just think any one with a lot of stock market exposure is going to get wrecked and I don't want that for any of you. If I am wrong I am wrong. I can talk macro economics with you if you want offline. Macro Economic Theory is much smarter than MMT! I have really studied that alot. The next halving is spring/summer 2024. I will not sell all of it I plan to hold some all the way through. I will just go long close to each halving. Just my strategy. Alot of people hold it all the way through. I may do that with 50% or maybe less. I will leave that open for the future. We'll see. Hope it is helpful. Best of Luck!
 
Mr. Deez said:
It would need some conditions, but if it was possible to know that $14T would be a true and binding settlement and release on the race issue (meaning that it could no longer be raised as a political matter and that guys like Al Sharpton would have to get regular jobs), I'd happily find the $14T and pay it. That would be a colossal bargain.

What we have to deal with in terms of bad policy and stupid decisions driven by racial politics costs us way more than $14T. There is undoubtedly lost productivity, waste, and higher costs caused by affirmative action. How much does it cost to have ****** but extremely expensive public education that can't get fixed to a large degree because of racial politics? How much does it cost to be unable to deal with illegitimacy (whether by policy or just by social stigma) because of the racial element? What if we could deal with it? Think about the prisons we could close because of all the violent crime that wouldn't happen anymore. Think about the productivity that we'd gain by all the lives and families that wouldn't be ruined (both on the victim side AND the perpetrator side). Think about how much social welfare programs could be scaled back. It wouldn't take long for all that to add up to $14T.

The only reason I oppose reparations is that I know it wouldn't be a true release. People would still *****, and the race card would still get played, which means we'd have the same crappy policy and issues. We would just be taking $14T out of our wallets and wiping our collective *** with it.
Click to expand...

I have one thing to add, anyone who takes a portion of that money must find citizenship in another country and can never return to the United States.

I have a friend who used to say, you don't pay a prostitute to have sex with you. You pay her to leave after you finished using her.

Same concept.
 
Clean said:
Current estimates are that there are 47.5 million African-Americans in the U.S. Assuming all A-As get the money, 14T / 50M is about $280,000 per person. That's a nice chunk of change, but it's only 5 1/2 years at $50,000/year. A single parent with 2 kids can draw $38,000 a year of welfare in New York. Reparations is just a glorified welfare payment and, as Mr. Deez said, it wouldn't solve anything long term. It would probably make it worse. A lot of people would be worse off financially when the money was gone than before they got paid.
Click to expand...

Mr BET made it sound like this would solve everything. Would LeBron James or any other pro athlete get this? Would Ben Carson or Clarence Thomas or Samuel L Jackson get this?

He kept saying "equal opportunity" but giving people free money is definitely not equal opportunity. Would we suddenly end all affirmative action programs?
 
2003TexasGrad said:
Mr BET made it sound like this would solve everything. Would LeBron James or any other pro athlete get this? Would Ben Carson or Clarence Thomas or Samuel L Jackson get this?

He kept saying "equal opportunity" but giving people free money is definitely not equal opportunity. Would we suddenly end all affirmative action programs?
Click to expand...

Ask any super rich and they will tell you, the more money you give to Joe six-pack, the more money they can take from Joe six-pack. The only reason there are super rich is because they know how to convince the super poor to give them their money. 14 trillion would not create more Billionaires or even more Millionaires, it would make more millionaires into billionaires, and Billionaires into bigger Billionaires.

I had two black friends tell me that if certain members of their family got that money, they would be dead within a month from drugs and alcohol.
 
Austin_Bill said:
I had two black friends tell me that if certain members of their family got that money, they would be dead within a month from drugs and alcohol.
Click to expand...

THIS. How many Black athletes get million dollar contracts to play professional sports and are dead *** broke after 5 years......

How many million dollar lottery winners are dead *** broke after 5 years.....

Printing 14 trillion dollars and just handing out to people because of the color of their skin without telling them how to property invest it will do them no good.

$280,000 per person? LOL really? Thats just enough for half the people who get it to go high roller for a year and then be broke again.

This is the dumbest idea Ive ever heard of.
 
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