CA Reparations Estimate of $800 Billion Large However Honest Says Advisory Committee Member

Economists who counsel California pay $800 billion in reparations to Black residents are weighing a ton of things past simply ancestry … and the Vice Chair of San Francisco’s reparations committee says, all issues thought of, it is really fairly truthful.

Tinisch Hollins joined us Thursday on “TMZ Stay” Thursday, giving us a have a look at the various issues reparations advisory committees take note of whereas developing with estimates — together with issues just like the racial wealth hole, housing discrimination practices reminiscent of redlining and lack of property as a consequence of race.

Whereas the $800B quantity was advised for the state, San Fran is contemplating a separate fee — presumably $5 million per eligible individual — and he or she acknowledges the massive greenback figures create “sticker shock” … for everybody, whether or not you are professional or towards.

As we reported, Gov. Gavin Newsom‘s been pushing this for a number of years, trying to decide how a lot Black CA residents might probably obtain in reparations.

Tinisch says it is also necessary to recollect the numbers mirror worth, not essentially money payouts — she gave us a pair different methods it could possibly be distributed.