‘Reparations’ would cost nearly three times California’s budget
Zachary Faria
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California’s trend of proposing grand progressive ideas only to balk at the cost is becoming very fun to observe.
Next, we will see if it applies to reparations.
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It is being estimated by economists that California’s reparations plan for black residents will cost more than $800 billion. This dwarfs the state’s annual budget. Gov. Gavin Newsom’s budget proposal was just under $300 billion. That means that if California were to stop spending on including schools, welfare programs, transportation, and everything else in its budget, it would take two and a half years to pay for reparations alone.
That does not even include other costs that the reparations task force has identified, including “health disparities” and properties being devalued by the state. Nor does it account for the fact that California has actually had to make cuts to its budget to account for a $22 billion deficit, thanks to the state bleeding residents and, as a result, tax revenue. (The plan would also ban cash bail and implement a K-12 “black studies curriculum because what are reparations without green lights for criminals and critical race theory for children?)
This has been the recurring theme with California’s attempts to implement single-payer healthcare. The state has twice attempted to pass it, only to twice be met with a price tag that is twice the state’s annual budget. Even California Democrats don’t have the stomach to jack up taxes high enough to cover that cost.
And the reparations plan is going to cost far more than that even. Are California Democrats’ minds so rotted from their progressive racism that they will ignore the price tag and push forward when they weren’t willing to do the same on healthcare at a lower price? That is the question that has to be answered in the coming days.
In reality, it is far more likely that Democrats in the state legislature, as well as Newsom, will back down. As with healthcare, they talked a big game on reparations, and then fiscal reality came bearing down. These are the same Democrats who obsess over climate change but then cut climate programs from the budget the moment a deficit arises.
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Even the racialist tenets of their progressive religion have their limits. California Democrats may pass a watered-down plan focused on cash bail and critical race theory, but massive payouts to black residents aren’t going to happen any time soon.
Well, probably.