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How to pay for reparations in California? ‘Swollen’ wealth could replace ‘stolen’ wealth through taxes
The panel dependable for the nation’s initial condition-level exploration of reparations for Black Individuals discussed an vital query this weekend: How will the condition spend for reparations? The California reparations task pressure listened to testimony from professionals who recommended attainable sources for compensation, immediately after past meetings had touched on the prospective for hundreds of 1000’s of bucks in financial reparations for precise harms. The experts’ strategies bundled taxing the abundant, this sort of as by way of a state estate tax or a “mansion tax” incentivizing the rich to assist fund reparations by giving tax breaks, akin to how charitable offering minimizes one’s tax load or helping all taxpayers…

