San Francisco: Crazier Than We Thought

Does it rain money in San Francisco?

A special “reparations panel” has recommended that San Francisco pay out $5 million each to “longtime Black residents” (https://freerepublic.com/focus/f-news/4123787/posts).

Let’s look at some numbers, shall we?

The last census showed San Fran with some 44,000 black residents. Rounding down to 40,000, the “reparations” for “systemic racism,” etc., etc., would cost $200 billion.

Hmm… The city’s entire municipal budget last year was $14 billion. Even if it were only to pay off 20,000 residents, that’d still have them on the hook for $100 billion. San Francisco’s population, according to the 2021 census, was a bit over 800,000. That comes out to a quarter million dollars from each of those persons.

Where is that supposed to come from? Does everybody write a check?

If this is not the most daft, feckless, brain-dead public policy ever proposed, I don’t know what is.