4 • 2.7K Ratings
🗓️ 9 May 2023
⏱️ 22 minutes
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0:00.0 | Crypto doesn't sleep, so neither do we. |
0:04.0 | Crack-and-client support is available 24-7, 365 days a year by call, chat, or email. |
0:11.0 | We're here for you whenever you need us. |
0:13.0 | Give us a shout at crackin.com forward slash support proof, |
0:17.0 | not investment advice. Crypto trading involves risk of loss. |
0:21.0 | From the opinion pages of the Wall Street Journal, this is Potomac Watch. |
0:31.0 | A California committee votes to recommend that the state make hundreds of billions in cash payments in racial reparations. |
0:40.0 | We'll go through just how wild this idea is, but how it may be a new democratic norm. |
0:46.0 | Welcome to Potomac Watch. I'm Kim Strassel, joined today by my two fabulous colleagues, Alicia Finley and Kate Batchelder O'Dell. |
0:54.0 | Let's start with reparations. Even a few years ago, people would just have categorized as outrageous and unworkable. |
1:02.0 | Yet it is slowly being mainstreamed by the progressive left, and here we are on the weekend a nine-member panel created by California Governor Gavin Newsom, |
1:14.0 | and the state's democratic legislature voted to redistribute as much as $800 billion in payments to any black American, presumably those in the state, |
1:25.0 | who claimed to be descendants of slave. Now, interestingly, California's Constitution abolished slavery in 1849. |
1:33.0 | But this panel claims that the state bears responsibility for slavery that happened in other southern states, |
1:40.0 | also that the lingering effects of slavery, including basically up to present day, should also entitle black Americans to some categories of compensation based on types of discrimination. |
1:54.0 | Alicia, I know you went through this recommendation. Can you lay out a bit better the idea behind this? |
2:02.0 | Also, the specific payouts that they are proposing here, because it's interesting they are quite specific. |
2:07.0 | It's a concrete example of you get down to a big idea like this, and you have to get through the policy, nitty-gritty, you kind of realize how insane some of this becomes. |
2:17.0 | Right, so as you mentioned, California's 1849 Constitution banned slavery. So ostensibly, from a legal standpoint, there should be actually no justification for these kinds of payments. |
2:31.0 | But the committee members, this is a nine-member committee that was appointed by the governor and state legislature to examine this issue. |
2:41.0 | In 2021, they claimed that the state will legislate your and government was dominated by pro-slavery forces, and therefore they were complicit in southern slavery at the time. |
2:53.0 | And then they make this kind of circuitous argument that, well, the effects of slavery continued to linger in terms of discrimination, which of course there was. |
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