Reparations to close the racial wealth gap would cost $10.7 trillion.

Evidence

If you are wondering what amount the credit should be, a recent estimate on reparations limited to descendants of enslaved Americans, and focused on eliminating the current racial wealth gap, would be 10.7 trillion, or an average of 267,000 per person for the forty million eligible black descendants of American slavery. Given that black Americans currently hold 3 percent of the nation’s wealth but represent 13 percent of the population, is $267,000—a proportional redistribution based on population—really out of line? — Dorothy A. Brown, The Whiteness of Wealth, 545

Categorization

  • CANDY: A striking, quotable stat for conversation: 10.7 trillion, 267,000 per eligible person, versus blacks holding 3% but being 13% of the population.
  • XREF: connects to: Reparations estimates range from 8.6 to 17.1 trillion dollars at present value — Dorothy A. Brown, Getting to Reparations: How Building a…, 1084
  • yield-rescued: below the book’s yield-target cutoff, included anyway for connecting to: Reparations estimates range from 8.6 to 17.1 trillion dollars at present value — Dorothy A. Brown, Getting to Reparations: How Building a…, 1084

Broader Connections