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San Francisco Board Votes to Establish a Reparations Fund

Meme

I've written quite a few posts about reparations. Back in May, Democrats in the House, led by squad member Rep. Ayanna Pressley, introduced the Reparations NOW resolution. Pressley took to the podium to introduce their multi-trillion-dollar reparations resolution. They called the event, “Why We Can’t Wait: Advancing Reparative Justice in Our Lifetime."

As I reported back in 2023, a San Francisco reparations panel released its proposal, which would not only pay $5 million to every eligible black adult in the city but also wipe out their student loan and credit card debt and give them a guaranteed annual income of $97,000 for a minimum of 250 years. Oh, and homes would cost $1. The San Francisco Board of Supervisors voiced its enthusiastic support for the draft proposal.

Earlier this week, San Francisco's city council voted to establish a reparations fund.

I hit the high points of the proposal above, but here they are again:

"Spatial justice."

I don't know. In 2023, New York Gov. Kathy Hochul created a commission on reparations. And as I reported just this fall, Asheville, North Carolina, was taking a different approach from San Francisco, providing reparations in forms other than lump-sum payments. It had set aside $2.9 million in taxpayer funds for racial reparations programs. For instance, Asheville was going to create a Black Chamber of Commerce and establish a "race-targeted housing policy" that would “sustain and expand rates of Black homeownership” with “targeted funding” only for the black population over three years.

I don't mind seeing the creation of these committees, because that's how things never get done. I don't know the details of what they passed in San Francisco, but they're going to have to create a pretty large fund to give every black adult in the city $5 million.

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