Individual Reparation Essay

1325 Words 6 Pages
This essay will assess the value of individual reparations against corporation funding for social change. In doing so this essay will address slavery outside of the plantations. It will specifically assess the long-term effects of socioeconomic slavery and how best to calculate and address reparations.
Should the U.S. government provide reparations for slavery? The answer to this is a definitive yes. The purpose of this essay is to determine how to scale this. It would require large scale funding with a daunting scope to repay individual inheritance, with interest, for slavery earnings. It is imperative to note, however, that slavery was not limited to plantations or to the nineteenth century.
Redlining, black mortgage contracts and segregated
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Blight noted that “slaves were the single largest, by far, financial asset of property in the entire American economy.” However, while the cotton and slave industry provided the backbone to the American economy, Epstein challenges how much tangible wealth is still accessible for reparations today. For individual reparations he states that, “resources were largely consumed […]. At most a small sliver of wealth was passed down by inheritance for a generation or two.” Herein lies the issue of individual reparations. Who is to pay? How much? How can we quantify a justifiable amount not only for hours worked but also trauma suffered? The answers do not present …show more content…
In Ta-Nehisi Coates’ paper he discusses Clyde Ross’ mortgage contract. His contract was designed to discriminate. It took advantage of a low social class with a severe lack of valid options to buy land.
In a predatory market, lenders were, in fact, sellers. House values were inflated and contracts deliberately exploited the social inequality of Black homebuyers.

The result of this was a fundamental financial inequality akin to slavery. It created a long-term socioeconomic slavery that continues to affect the Black population today. Berry attacks this viewpoint strongly. She argues that for reparations “monies could come from institutions and corporations that profited from slave labor; [from] companies that had been guilty of racial discriminatory practices, such as redlining and predatory financial

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