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LUMP SUM vs MONTLY PAYMENTS

MR-D-ROB

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    I have always said anything less than 6 figures per individual is not enough.


    If reparations were to ever get passed, would it be preferred to receive a one time lump sum and if so for what amount?

    Or

    Receive a monthly payment amount spread over several years?

    My preference would be a monthly payment of at least $1,000 to be given for at least 20 to 25 years. For 25 years this would equal to $300k.

    Continue working as if you weren't receiving the money and save and invest it wisely

    Invested wisely this would build generational wealth.

    Imagine passing on a house paid off to your child and $300k to start. This would seriously redistribute the power structure within a single generation!
     

    Jay

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    I have always said anything less than 6 figures per individual is not enough.


    If reparations were to ever get passed, would it be preferred to receive a one time lump sum and if so for what amount?

    Or

    Receive a monthly payment amount spread over several years?

    My preference would be a monthly payment of at least $1,000 to be given for at least 20 to 25 years. For 25 years this would equal to $300k.

    Continue working as if you weren't receiving the money and save and invest it wisely

    Invested wisely this would build generational wealth.

    Imagine passing on a house paid off to your child and $300k to start. This would seriously redistribute the power structure within a single generation!
    Monthly payments would be the best option. If you pair monthly payments with programs that help improve financial literacy, business grants/loans, free education, etc we can start repairing ourselves. I feel that lump sum would be problematic, the economic feasibility of it is questionable and a windfall would not be good for broken people. Make it a monthly stimulus that is used in conjunction with other restorative programs.
     

    ART

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    Give each Foundational Black American Descendant of Black American Enslaved People and Freedmen at least $400,000 (non-taxed) as a lump sum, and then give each of Black ADOS and Freedmen $5,000 per month (non-taxed) for the rest of their lives.
     

    MR-D-ROB

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    Give each Foundational Black American Descendant of Black American Enslaved People and Freedmen at least $400,000 (non-taxed) as a lump sum, and then give each of Black ADOS and Freedmen $5,000 per month (non-taxed) for the rest of their lives.
    That would be awesome but I seriously doubt that would happen.
    Of course that's how you negotiate though. Start high and then go from there.

    If you start with what you really want or what's reasonable you are going to get way less. So I agree with you start with an amount that is outrageous and then you will end up with something that is at least acceptable.
     

    HeffDawg

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    Lump sum let me live my life. Seed money to take my ventures to the next level.

    Give each Foundational Black American Descendant of Black American Enslaved People and Freedmen at least $400,000 (non-taxed) as a lump sum, and then give each of Black ADOS and Freedmen $5,000 per month (non-taxed) for the rest of their lives.
    This.
     

    MR-D-ROB

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    Monthly payments would be the best option. If you pair monthly payments with programs that help improve financial literacy, business grants/loans, free education, etc we can start repairing ourselves. I feel that lump sum would be problematic, the economic feasibility of it is questionable and a windfall would not be good for broken people. Make it a monthly stimulus that is used in conjunction with other restorative programs.
    Absolutely. We are on the same page here.
    I always hear it as an either or suggestion. Either restorative programs like tax exemption, free college, business grants/loans etc OR cash payments.

    Why can't both be done? Why can't we get a monthly stimulus and also get restorative programs.

    I can think of a few businesses that I could start if given just $1,000 a month. Keep working and don't touch that for about 2 or 3 years and you will have enough capital to start a business. And you could be taking advantage of the education program during that time. Within a few years you would be set to go if you play the card right!

    Even if you just want to do something like get a Nurse Practitioner or Physician Assistant degree and then open your own medical practice it could be done within a short period with these types of programs.

    Or you could put the money back and buy real estate to start a day care program. You could get the necessary certifications while waiting to save up the money.

    Or start an adult day care program.

    Or open a resturaunt.

    The possibilities are endless. The key is don't blow that monthly stimulus and don't just decide to quit working.
     

    Jay

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    Absolutely. We are on the same page here.
    I always hear it as an either or suggestion. Either restorative programs like tax exemption, free college, business grants/loans etc OR cash payments.

    Why can't both be done? Why can't we get a monthly stimulus and also get restorative programs.

    I can think of a few businesses that I could start if given just $1,000 a month. Keep working and don't touch that for about 2 or 3 years and you will have enough capital to start a business. And you could be taking advantage of the education program during that time. Within a few years you would be set to go if you play the card right!

    Even if you just want to do something like get a Nurse Practitioner or Physician Assistant degree and then open your own medical practice it could be done within a short period with these types of programs.

    Or you could put the money back and buy real estate to start a day care program. You could get the necessary certifications while waiting to save up the money.

    Or start an adult day care program.

    Or open a resturaunt.

    The possibilities are endless. The key is don't blow that monthly stimulus and don't just decide to quit working.
    Now think of that amount or double for every member of your family every month for their life. That would be a total game changer. You can get 4 brothas in the neighborhood, have each one put up 2 racks each and start a liquor store all using the monthly payments. We can start taking over the corner store, then the beauty supply shops, etc.
     

    MR-D-ROB

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    Now think of that amount or double for every member of your family every month for their life. That would be a total game changer. You can get 4 brothas in the neighborhood, have each one put up 2 racks each and start a liquor store all using the monthly payments. We can start taking over the corner store, then the beauty supply shops, etc.
    That's why they don't want to give cash. Cash makes changes happen quickly in the hands of young business minded people. Cash payments changes the structure of the power system. It's not the money they are worried about. It the power. They don't want to give up white supremacy.

    For me it wouldn't even take that much. Just give me around $1000 to $1500 a month and within 5 years or less I'd be financially independent! And my kids would be financially independent!
     

    Jay

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    That's why they don't want to give cash. Cash makes changes happen quickly in the hands of young business minded people. Cash payments changes the structure of the power system. It's not the money they are worried about. It the power. They don't want to give up white supremacy.

    For me it wouldn't even take that much. Just give me around $1000 to $1500 a month and within 5 years or less I'd be financially independent! And my kids would be financially independent!
    100%. If we have money to support and defend ourselves the whole system falls apart. The immigrant buffer classes will fall to the bottom of the racial caste system and be useless.
     

    ART

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    That would be awesome but I seriously doubt that would happen.
    Of course that's how you negotiate though. Start high and then go from there.

    If you start with what you really want or what's reasonable you are going to get way less. So I agree with you start with an amount that is outrageous and then you will end up with something that is at least acceptable.
    I think $20 trillion is actually too low. We need to start at $100 trillion and demand at least $30 trillion of that upfront.
     

    MR-D-ROB

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    I think $20 trillion is actually too low. We need to start at $100 trillion and demand at least $30 trillion of that upfront.
    Even if we did the $400k that was suggested that would only cost around 1.8 trillion.

    It doesn't cost that much to do a good reparations package.

    If they did monthly payments it would pay for itself.

    Think about how many people would be lifted out of poverty and no longer need welfare, food stamps and section 8 type programs.

    Reparations would pay for itself.

    Now if course you have those that will just waste and squander the money but that's true of any community.

    What they are scared of is those who will put the money to good use!
     

    ART

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    Even if we did the $400k that was suggested that would only cost around 1.8 trillion.

    It doesn't cost that much to do a good reparations package.

    If they did monthly payments it would pay for itself.

    Think about how many people would be lifted out of poverty and no longer need welfare, food stamps and section 8 type programs.

    Reparations would pay for itself.

    Now if course you have those that will just waste and squander the money but that's true of any community.

    What they are scared of is those who will put the money to good use!
    It would actually be around $18 trillion if we give it to each Black person who is an ADOS and FBA Freedmen, which would still be fine and within the upfront $20-$30 trillion dollar range we're operating in.
     

    MR-D-ROB

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    If Reparations bankrupts the country then what is the point of Reparations? The dollar would be devalued and our $400k one time payout would be worthless. I'm all for the figures but it has to be monthly payments.
    That's exactly my thoughts.
    I could make monthly payments with to my benefit.
     

    blackice_ATL

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    I read through the thread and I have some concerns.

    Let's say they agree to $1k monthly checks. I don't see it as extra money. I foresee immediate inflation to the point that extra $1k wouldn't make a difference. Because WS going to make sure to keep their slave class. They never going to empower the people they're oppessing.

    I like the thought of a lump sum. But it's the individual's responsibility what they do with it.

    One problem I always had about this conversation and I mentioned it before.. most of you are not asking for enough. And not asking for power, just better plantation conditions.

    My question is... is it really reparations if we're still under the structure of WS?? They still control the land, food, and resources. To put it more bluntly, we're still not governing ourselves and not gaining any power.
     

    MR-D-ROB

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    I read through the thread and I have some concerns.

    Let's say they agree to $1k monthly checks. I don't see it as extra money. I foresee immediate inflation to the point that extra $1k wouldn't make a difference. Because WS going to make sure to keep their slave class. They never going to empower the people they're oppessing.

    I like the thought of a lump sum. But it's the individual's responsibility what they do with it.

    One problem I always had about this conversation and I mentioned it before.. most of you are not asking for enough. And not asking for power, just better plantation conditions.

    My question is... is it really reparations if we're still under the structure of WS?? They still control the land, food, and resources. To put it more bluntly, we're still not governing ourselves and not gaining any power.
    That I agree with.
    It's not the amount that they are disagreeing with. It's the idea and principle of having to give black people anything at all.

    We should certainly get enough reparations that it makes a difference in our daily lives.

    I feel that any amount they give is going to lead to inflation though whether it's $1k or $5k.

    Even if they agree to give us the $5K amount they are just going to turn around and find a way to give it to everyone else too.

    I feel like it's not the amount that's going to make the difference It's what you do with it that would make the difference. If you squander the money you're going to be in no better place than you were at first. But if you put the money to good use save it and invest it wisely then it would put you in a better place.

    If you normally wouldn't go buy a $500,000 house then still don't. If you normally wouldn't go buy a brand new Jaguar or Escalade then still don't.

    These are materialistic things that won't matter. It's like Melvin said and baby boy. Guns and butter!
     

    ART

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    I feel that while some of this talk is based in reality and we are getting into the minds of white supremacists and predicting their WS behaviors and actions based on how they operate, some of the latest replies also seem a bit defeatist.

    So from what I'm understanding so for, we basically have to sell ourselves short, settle for much less, and lowball ourselves now because,

    "Wait a minute now, $400,000 per Black ADOS person?! This will bankrupt the entire country and/or cause extreme, extreme inflation. Let's be realistic here family, you know them bad ol' whites and others will not allow this and our advancement to happen without consequences and will proudly die trying to harm or kill us to prevent it from ever happening. As Jay-Z said, 'Even when we win we gonna lose.' Might as well be happy and accept that measly ass $1k per month and be happy even though you can already get that much on SSI / SSDI if you are Black and disabled / elderly / retired. After all, money ain't the end all, be all."
     

    Devin

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    This is an excellent question! When it comes to a lump sum or monthly payments, I would much rather receive monthly payments. If I were to receive a full lump sum, I would spend more than what I needed to and wouldn't have the money that I need for bills. I seriously need to learn how to budget more efficiently, and the best way I budget is on a month-to-month basis.
     

    MR-D-ROB

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    I feel that while some of this talk is based in reality and we are getting into the minds of white supremacists and predicting their WS behaviors and actions based on how they operate, some of the latest replies also seem a bit defeatist.

    So from what I'm understanding so for, we basically have to sell ourselves short, settle for much less, and lowball ourselves now because,

    "Wait a minute now, $400,000 per Black ADOS person?! This will bankrupt the entire country and/or cause extreme, extreme inflation. Let's be realistic here family, you know them bad ol' whites and others will not allow this and our advancement to happen without consequences and will proudly die trying to harm or kill us to prevent it from ever happening. As Jay-Z said, 'Even when we win we gonna lose.' Might as well be happy and accept that measly ass $1k per month and be happy even though you can already get that much on SSI / SSDI if you are Black and disabled / elderly / retired. After all, money ain't the end all, be all."
    You can't get the $1k unless you are elderly, disabled or retired which you are already entitled to anyway if you fall under any of these categories.

    And getting SSI you have to basically be broke and making no money. The 1K per month that I'm talking about is in addition to anything you're already getting. So if you're already working and making good money and then getting an extra 1k on top of it that money could be put to use.
     

    Troy

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    I feel that while some of this talk is based in reality and we are getting into the minds of white supremacists and predicting their WS behaviors and actions based on how they operate, some of the latest replies also seem a bit defeatist.

    So from what I'm understanding so for, we basically have to sell ourselves short, settle for much less, and lowball ourselves now because,

    "Wait a minute now, $400,000 per Black ADOS person?! This will bankrupt the entire country and/or cause extreme, extreme inflation. Let's be realistic here family, you know them bad ol' whites and others will not allow this and our advancement to happen without consequences and will proudly die trying to harm or kill us to prevent it from ever happening. As Jay-Z said, 'Even when we win we gonna lose.' Might as well be happy and accept that measly ass $1k per month and be happy even though you can already get that much on SSI / SSDI if you are Black and disabled / elderly / retired. After all, money ain't the end all, be all."
    I think the sentiment is that $400k overtime is more doable rather than $400k immediately. It's like buying a house, $500k may not be the lick but $3000/mo is doable. So I think they saying if we spend $10 Trillion upfront and it causes mass inflation it's going to eat up the value of the money. So why not still get the total $20 Trillion but payable on a monthly basis to make sure it doesn't hurt the entire economy. What good is reparations if the economy is fucked?
     

    ART

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    I think the sentiment is that $400k overtime is more doable rather than $400k immediately. It's like buying a house, $500k may not be the lick but $3000/mo is doable. So I think they saying if we spend $10 Trillion upfront and it causes mass inflation it's going to eat up the value of the money. So why not still get the total $20 Trillion but payable on a monthly basis to make sure it doesn't hurt the entire economy. What good is reparations if the economy is fucked?
    But has anyone in general ever asked this question when other groups get their financial aid, funding for their communities, reparations, tangibles, etc? Or when corporations get trillions of dollars in tax cuts? Or when they give the military trillions of dollars every year?
     

    Troy

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    But has anyone in general ever asked this question when other groups get their financial aid, funding for their communities, reparations, tangibles, etc? Or when corporations get trillions of dollars in tax cuts? Or when they give the military trillions of dollars every year?
    Even if they didn't it doesn't remove the reality of inflation. If the government cut a check for $10 Trillion right now inflation would be through the roof. I want all the money but reparations is going to be paid out in US dollar and so the value of the dollar is equally important. Now if they were paying out in a currency of our own that would be a different story. But since the reparations money is tied to the economy I want to use it in I want the economy to be in the best shape possible. I'm not being scared or a coon I'm being realistic about what the economy can handle. This shit already about to collapse as is milk and shit will be through the roof if they did lump sum.
     

    MR-D-ROB

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    But has anyone in general ever asked this question when other groups get their financial aid, funding for their communities, reparations, tangibles, etc? Or when corporations get trillions of dollars in tax cuts? Or when they give the military trillions of dollars every year?
    Likely not. But obviously this is going to be the case with black people. Monthly payments are definitely more realistic and would not cause inflation as much.

    Even monthly payments is going to cause some inflation though.
     

    MR-D-ROB

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    Even if they didn't it doesn't remove the reality of inflation. If the government cut a check for $10 Trillion right now inflation would be through the roof. I want all the money but reparations is going to be paid out in US dollar and so the value of the dollar is equally important. Now if they were paying out in a currency of our own that would be a different story. But since the reparations money is tied to the economy I want to use it in I want the economy to be in the best shape possible. I'm not being scared or a coon I'm being realistic about what the economy can handle. This shit already about to collapse as is milk and shit will be through the roof if they did lump sum.
    Exactly if they do lump sum you won't be able to afford anything.

    I feel like most people are asking for the lump sum because they view it like hitting the lottery. And that's not the case. If everyone hit the lottery then it doesn't matter.

    The monthly payments people are wanting an amount that may not be realistic too though. Most people want an amount that would basically pay all the bills and then they could just not work.


    My idea is give me an amount I could use to save up and then in a few years start a business.


    Pretty soon you'll see black owned businesses popping up everywhere. You'd see black home ownership go up tremendously.


    We would be having our own businesses and neighborhoods. We could push out those abusive Chinese businesses.
     

    Blackgravity

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    This is an excellent question! When it comes to a lump sum or monthly payments, I would much rather receive monthly payments. If I were to receive a full lump sum, I would spend more than what I needed to and wouldn't have the money that I need for bills. I seriously need to learn how to budget more efficiently, and the best way I budget is on a month-to-month basis.
    Invest, don't spend. 400k is nowhere enough, that peanuts compared to what American taxpayers give to Israel every year (and the US didn't do anything to them!)
     

    MR-D-ROB

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    Invest, don't spend. 400k is nowhere enough, that peanuts compared to what American taxpayers give to Israel every year (and the US didn't do anything to them!)
    As for me I'm not even considering slavery. That's just the worst thing that was done. I'm not even considering Jim Crow because that was just the worse part of discrimination.

    I'm just thinking of what we go through today. Being terrified every time you see a police car. Having to put kick resistant screws on our doors because we're worried police may get a wrong address and burst in shooting. Being followed when you go to a store. Being discriminated against in hiring
    Being discriminated against in loan applications. Receiving poor healthcare because of our race. Being discriminated against in housing.

    I could go on and on.

    I just want enough that it can make a fundamental difference in our lives! But we also have to be realistic about what would crash the economy!
     

    Jay

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    The monthly payments people are wanting an amount that may not be realistic too though. Most people want an amount that would basically pay all the bills and then they could just not work.
    Well our ancestors did 250 years of hard labor if some people want to take 250 years off then so be it. It won't be me but that's their right.