What Does San Francisco’s Reparations Plan Mean for Black People? | The Larry Elder Show | EP. 141

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The city of San Francisco is considering giving $5 million to each black descendant of slaves who lives in the city. They also want to allow blacks to purchase a home for one dollar, even though the average price of a home in the city is over $1 million. Additionally, they want to provide $97,000 in income support to black descendants of slaves for the next 250 years. And that’s just San Francisco. A California task force signed into law by Gov. Gavin Newsom is recommending at least a quarter of $1 million for every black person who lives in California, a state which, by the way, was not even a slave state.

However, not every black person is celebrating this $5 million extra income. Ward Connerly, former University of California regent, and founder and chairman of the American Civil Rights Institute, expresses his concern over the reparations movement.

“If you want to unite Democrats, Republicans, conservatives, and liberals against black people, this will do it. This makes people like me the target for everybody,” Connerly says, joining Larry Elder. “They’re trying to seduce us into thinking that there’s going to be this big paycheck. It’s not going to happen. It’s teasing black people.”

What caused the collapse of Silicon Valley Bank? One narrative suggests it was due to inflation and rising interest rates, while another narrative is that the bank got woke so it went broke. Is there another explanation? And how worried should we be, given that Treasury Secretary Janet Yellen just warned more bank bailouts could be coming?

Watch Larry Elder interview “Finance Guru,” author of “Positive Financial Karma” Dan Geltrude, to get answers to these questions.
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