tag:blogger.com,1999:blog-418581095311857454.post8853833124752493812..comments2023-11-06T11:31:25.673-08:00Comments on Activist Teacher: Calculated MINIMUM reparation due to slave descendants: $1.5 million to each Black citizen of the USADenis Rancourthttp://www.blogger.com/profile/16743375141824505606noreply@blogger.comBlogger111125tag:blogger.com,1999:blog-418581095311857454.post-77001356282898841722016-12-28T06:05:24.089-08:002016-12-28T06:05:24.089-08:00Simple-minded reparations calculations like Dr. Ra...Simple-minded reparations calculations like Dr. Rancourt's above, besides the temporal dislocation of being applied to the wrong generations, count only costs and do not consider the benefits of life in America compared with the alternative life path. A physicist should know to look at both sides of the equation. The fact is that American immigrants, whether they came by violence or by free Cliff Clavennoreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-90555189927717280342016-09-30T20:30:10.717-07:002016-09-30T20:30:10.717-07:00Now, you need to deduct for over a century of post...Now, you need to deduct for over a century of post-slavery prison cost, Federal housing and healthcare, welfare, food stamps, riot damages and graffitti removal costs. Seems to me they are the ones owing the US.<br />Anonymoushttps://www.blogger.com/profile/00970215722127882335noreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-63581301394185900142016-07-22T17:00:34.638-07:002016-07-22T17:00:34.638-07:00Hi latest Anonymous again,
You are not making a s...Hi latest Anonymous again,<br /><br />You are not making a sufficient effort to understand my calculation and my explanations. You are simply repeating canned definitions without understanding what I have done and explained. <br /><br />IMO, you are illustrating an example of too much education being a dangerous thing. <br /><br />I'm not calculating a fair rate to an investor to compensate Denis Rancourthttps://www.blogger.com/profile/17895449135200826970noreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-23043117399514069492016-07-22T16:17:14.379-07:002016-07-22T16:17:14.379-07:00As the individuals were not able to spend the mone...As the individuals were not able to spend the money over the last 156 years, they would be paid an interest rate to compensate them for the economic tradeoff of "lending" the money to others rather than spending it. This addresses your concern about being compensated for the opportunity cost.<br /><br />If one wants to make this calculation they would determine an interest rate based Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-25503974250739344482016-07-22T16:16:50.728-07:002016-07-22T16:16:50.728-07:00Denis,
I'm not so concerned with the first po...Denis,<br /><br />I'm not so concerned with the first point, just stating that finding the future value of each individual cash flow will probably result in a larger value due to compounding.<br /><br />The second point is still not correct for several reasons. First, the inflation rate needs to be factored into the interest rate because of compounding interest. Your calculation compounds Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-75409766029565892872016-07-22T08:05:46.275-07:002016-07-22T08:05:46.275-07:00Hi latest Anonymous,
You make two points: 1. The ...Hi latest Anonymous,<br /><br />You make two points: 1. The compounding must be made on a year-by-year basis, rather than using averages for the slavery period. 2. One cannot use the current dollar pay rate on the historic labour because the interest rate paid include the effect of inflation.<br /><br />Regarding your point-1, you are technically correct. However, this does not significantly Denis Rancourthttps://www.blogger.com/profile/17895449135200826970noreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-53832730587551018912016-07-22T00:48:43.257-07:002016-07-22T00:48:43.257-07:00Denis,
You are making an elementary mistake in yo...Denis,<br /><br />You are making an elementary mistake in your calculation. What you are trying to find is the future value of the wages that the slaves did not receive, with 1790 as Period 0 and 2016 as Period 206. This would be done by taking the agricultural worker daily wage in 1790, multiplying it by 6 or 7 days to find the weekly earnings of one slave in 1790, then multiplying the weekly Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-67995811920120980922016-06-06T14:12:12.623-07:002016-06-06T14:12:12.623-07:00Hi Anonymous:
The above comments contain many cri...Hi Anonymous:<br /><br />The above comments contain many criticisms of my calculations and my answers to those criticisms. That will give you more insight, I would think.<br /><br />My calculation is for the minimal today value of all the forcibly extracted labour during US slavery. My proposal is that the stolen labour value be paid equally to the descendants, irrespective of actual specific Denis Rancourthttps://www.blogger.com/profile/17895449135200826970noreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-13363165751688945042016-06-06T13:42:12.619-07:002016-06-06T13:42:12.619-07:00I am currently completing a project that requires ...I am currently completing a project that requires me to calculate the long overdue reparations for one family. My question is whether your method could be applied to one single family? Also, shouldn't you have also included the mortality/birth rates of the descendants to provide a more accurate answer ? Finally, can you give a more in depth explanation of your calculations please. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-50901532682100497682016-02-28T17:09:41.452-08:002016-02-28T17:09:41.452-08:00In reality. Almost all slaves were sold into slav...In reality. Almost all slaves were sold into slavery by other Africans in Africa. My husband is from Africa and their history clearly teaches that African's were kidnapped and sold into slavery as retribution for many things. He also said that it was well known that many people would sell their own children into slavery because they were naughty, lazy, because a Pagan God told them too, or Anonymoushttps://www.blogger.com/profile/15543414700400052124noreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-40345724462857256912016-02-24T08:14:47.595-08:002016-02-24T08:14:47.595-08:00@Jeff:
Here is one way you can get out of your s...@Jeff: <br /><br />Here is one way you can get out of your self-made paradox Jeff. The USA is a legal person, defined by a constitution, the English common law and royal proclamations before that, and a continuous economic history. Its government institutions are corporations. As such, this legal person is responsible for its crimes, irrespective of any other crimes that other persons have or Denis Rancourthttps://www.blogger.com/profile/17895449135200826970noreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-15941245700414583412016-02-24T07:18:11.357-08:002016-02-24T07:18:11.357-08:00So, based on this logic....shouldn't Nigeria a...So, based on this logic....shouldn't Nigeria and many other African countries contribute to this "cause"? Considering the majority of the slaves were kidnapped or taken as prisoners by fellow Africans and then sold to the Europeans at the slave ports....in fact, Nigeria's entire economy became 100% reliant on the capture and sales of slaves to the slave traders....odd that theseJeffhttps://www.blogger.com/profile/13934300178878180445noreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-12205905754459005232015-11-30T17:46:54.513-08:002015-11-30T17:46:54.513-08:00If you want to rely on a fairly complex financial ...If you want to rely on a fairly complex financial calculation by physics professor in Canada, realize you do so at your own risk. <br /><br />The major defect is the physics professor's assumption that all wages that should have been earned by slave labor were passed on to descendants totally intact. Preposterous! How many people do you know that save 100% of their wages? I know none. American CPAnoreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-11163628965326728492015-11-11T22:05:29.223-08:002015-11-11T22:05:29.223-08:00BOB you're and Idiot.... you're talking ab...BOB you're and Idiot.... you're talking about an unforgettable and unfortunate event that happened in rome vs one that actually happened on american soil dipshit.. stop trying to make the playing field even you moron. Its called closet racism. mrmacflyhimselfhttps://www.blogger.com/profile/15991837022729729474noreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-56425624782336229092015-11-11T22:03:01.550-08:002015-11-11T22:03:01.550-08:00DENNIS FOR MAYOR DENNIS FOR MAYOR mrmacflyhimselfhttps://www.blogger.com/profile/15991837022729729474noreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-32147193861937375702015-09-01T16:14:41.957-07:002015-09-01T16:14:41.957-07:00I like this ideal. I have worked all of my life. I...I like this ideal. I have worked all of my life. I'm now retired an having a hard time making ends meet, Every cost go up except my pay. It's not a hand out it' owed to blacks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-56273548784516202532015-07-11T19:18:14.072-07:002015-07-11T19:18:14.072-07:00Anonymous said: "You cannot use TODAY'S w...Anonymous said: "You cannot use TODAY'S wage rate then ramp everything up by interest and population growth. you have to take the prevailing wage of the day. Wages change, so picking out a single rate is difficult, so if you focus on the height of slavery, you will find wage rates for similar farm work. My cursory search yielded 33 cents per day for factory workers, who are paid much Denis Rancourthttps://www.blogger.com/profile/16743375141824505606noreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-53149669535535960552015-07-10T17:22:42.125-07:002015-07-10T17:22:42.125-07:00Ummm.... your calculations are utter crap, you nee...Ummm.... your calculations are utter crap, you need to go back to school. You cannot use TODAY'S wage rate then ramp everything up by interest and population growth. you have to take the prevailing wage of the day. Wages change, so picking out a single rate is difficult, so if you focus on the height of slavery, you will find wage rates for similar farm work. My cursory search yielded 33 Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-63875045772688316812015-06-19T14:53:18.375-07:002015-06-19T14:53:18.375-07:00@Anonimous:
"I noticed that all the "pe...@Anonimous:<br /><br />"I noticed that all the "people" out there making these racist comments are all either in the South, unemployed, and almost always NOT A COLLEGE GRADUATE. I would be surprised if they graduated from high school."<br /><br />Your statement, in my view, is an incorrect suggestion. Establishment education indoctrinates one to not say what you actually thinkDenis Rancourthttps://www.blogger.com/profile/16743375141824505606noreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-90191499075480024302015-06-19T14:12:19.979-07:002015-06-19T14:12:19.979-07:00Wow. Between the statement made by Chuck Baggett
&...Wow. Between the statement made by Chuck Baggett<br />"Why doesn't everyone have 1.5 million minimum? Some money must have gone astray for most everyone, right?"<br />Um because they weren't kidnapped and forced into slavery. They didn't have their babies, husbands, wives, siblings ripped from them sometimes for as little as not working hard enough. That was a favorite Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-54579765211718246532015-05-27T04:26:41.980-07:002015-05-27T04:26:41.980-07:00Anonymous is obviously a racist who does not want ...Anonymous is obviously a racist who does not want to be identified.<br />Signed, AnonymousAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-47568842088045488862015-05-20T14:16:43.708-07:002015-05-20T14:16:43.708-07:00You seriously cannot believe in all good conscienc...You seriously cannot believe in all good conscience that living in an oppressive society such as that which exists in America today means that everyone is "free" to achieve their dreams. You are the problem that exists in America...those who have their heads in the sand thinking that there is no prejudice, discrimination or institutionalize racism. You would have to be blind, deaf and CARLAJ01https://www.blogger.com/profile/17730077791658960455noreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-9945945500070086602015-05-20T14:10:06.926-07:002015-05-20T14:10:06.926-07:00The biggest PROBLEM with paying reparations was th...The biggest PROBLEM with paying reparations was that "AFRICAN AMERICANS" as a politically identifiable group, would have to to prove their ETHNICITY first, in order to be eligible to receive the payments.Then the second problem was the exact AMOUNT of the payment to be fair. ETHNICITY could be proven simply by looking at their birth certificates. Anyone who has either Negro or Black on CARLAJ01https://www.blogger.com/profile/17730077791658960455noreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-31707626672614790472015-04-29T11:15:40.111-07:002015-04-29T11:15:40.111-07:00Hi babs,
The "debt clock" is a great ide...Hi babs,<br />The "debt clock" is a great idea! Please suggest it to Black advocacy associations. That way it would have much more leverage and visibility. I can certainly help with updating calculations if a group wants to use the calculations for political justice.<br />--denis<br />Denis Rancourthttps://www.blogger.com/profile/16743375141824505606noreply@blogger.comtag:blogger.com,1999:blog-418581095311857454.post-58950025112887793052015-04-29T08:22:48.985-07:002015-04-29T08:22:48.985-07:00hi - wondering if you have updated info regarding ...hi - wondering if you have updated info regarding census details? if 40m descendants were in 2000, how many now? (i know the base was calculated on the min # of slaves then) - just wondering what the fair updated amount is/would be? also don't know if you can do this but it would be amazing to see a "debt clock" for reparations - with an increase for every day we neglect to take babshttps://www.blogger.com/profile/13529578933113762812noreply@blogger.com