BET founder Bob Johnson is calling on the United States government to seize upon this opportunity to alleviate the socioeconomic stress of black people by closing the wealth gap with a $14 trillion reparations plan. Johnson said the plan would help curtail America from becoming a two-tiered society.
“Now is the time to go big” Johnson said on CNBC's Squawk Box. “Wealth transfer is what’s needed,” he contended. “Think about this. Since 200-plus-years or so of slavery, labor taken with no compensation, is a wealth transfer. Denial of access to education, which is a primary driver of accumulation of income and wealth, is a wealth transfer.”
Johnson said he's been a proponent of reparations and has had a plan on his website since last year. “I’m not new to this challenge,” said the 74-year-old media magnate. He stressed that he's opposed to bureaucratic/technocratic solutions to the issue. “I’m talking about cash. We are a society based on wealth. That’s the foundation of capitalism.”
Source: finance.yahoo.com
