2022-06-02 20:27:42
California Reparations Report Is Based On The Concept Of "Compound Harm," Which Einstein Called The Eighth Wonder Of The World - @Steve_Sailer
https://vdare.com/posts/california-reparations-report-is-based-on-the-concept-of-compound-harm-which-einstein-called-the-eighth-wonder-of-the-world
How to justify what will no doubt be an immense bill presented to California taxpayers next year?
Like Einstein said, compound interest. You see, if black person X hadn’t been unfairly deprived of some sum of money way back when, due to what Einstein probably didn’t call “compound interest, the Eighth Wonder of the World,” today it would be worth a gazillion dollars to their heirs. (After all, whoever heard of African Americans spending their money on themselves and not leaving it to their heirs?) For example, if in 1851, some black person was unfairly deprived of something worth $100,000 today, and that $100,000 had compounded at 3% real (above inflation) for the 171 years since, today it would be worth to his heirs $15,673,000. If you go all the way back to 1619, as the California document frequently does rhetorically, the sum owed for depriving one black of $100,000 in 1619 is $14,907,388,035.
That $14,907,388,035 is rightfully theirs, and somebody (i.e., you) is going to pay!
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