San Francisco’s Ludicrous Reparations Plan Will Beget More Government Dependence

The San Francisco African American Reparations Advisory Committee has completed its Reparations Plan, which seeks to redress the “institution of chattel slavery” and “combat the ongoing, explicit, anti-Black discrimination that Black citizens in San Francisco continue to experience” by issuing $5 million lump-sum payments to San Francisco residents over the age of 18-years-old who have “identified as ‘Black/African American’ on public documents for at least 10 years.”

The plan also includes provisions to “Supplement African-American income of lower income households to reflect the Area Median Income (AMI) annually for at least 250 years ($97,000 in 2022),” “Finance a comprehensive debt forgiveness program that clears all educational, personal, credit card, payday loans, etc.,” and “Convert public housing units into condominiums with a $1 buy-in for qualifying residents,” among a laundry list of other hand-outs.Conveniently, the committee did not include an estimated total cost if the plan were to go into effect. To date, San Francisco has roughly 45,000 black residents. If only 10,000 San Franciscans were to be approved for the plan, it would cost the city at least $5 …