San Francisco reparations panel suggests one-time payment of $5 million to each black resident

We imagine a lot of blacks will be moving to San Francisco if this comes about.

San Francisco is a weird place. Back in May 2022, Mayor London Breed announced her five-year plan to end transgender homelessness. Breed had budgeted $6.5 million to end trans homelessness by 2027. Not all homelessness … specifically transgender homelessness. In November, Breed introduced the Guaranteed Income for Trans People program, which will provide low-income transgender San Franciscans with $1,200 each month, for up to 18 months, to help address financial insecurity within trans communities. That wasn’t Breed’s first foray into guaranteed income, though. The Abundant Birth Project of 2021 sent $1,000 monthly checks to pregnant black and Pacific Islander women to address structural racism.

San Francisco loves giving away money, and now the city’s reparations panel has floated making a one-time $5 million payment to each black resident of the city.

San Francisco reparations panel pitches $5M — each — to black residents https://t.co/RVz1Dlfg6v pic.twitter.com/Ejyr7ZLeur

— New York Post (@nypost) January 16, 2023

Mark Moore reports:

A San Francisco panel studying reparations has proposed a one-time payment of $5 million to each black resident of the city deemed eligible as recompense for the “decades of harm they have experienced,” according to a report on Monday.

“A lump sum payment would compensate the affected population … and will redress the economic and opportunity losses that Black San Franciscans have endured, collectively, as the result of both intentional decisions and unintended harms perpetuated by City policy,” the San Francisco African American Reparations Advisory Committee said in a draft report issued last month, Fox News Digital reported.

The committee also proposed wiping out all debts associated with educational, personal, credit card and payday loans for black households.

So on top of the $5 million each, credit card debt would be wiped out for every black household.