Duke University professor of economics William Darity wants $14 trillion in reparations to be paid to African Americans. That would roughly break down to $350,000 per recipient. True, he was blathering on the “Dr. Phil” show, and perhaps thought nobody with more than a GED would be watching. Nonetheless he said, for public consumption, that trillions in financial reparations should be handed out to “reduce the wealth gap” between white and black Americans. Where will all that money come from, the phony TV doctor asked? Oh, from the Federal government, which will apparently make it magically appear, replied the evidently phony economist. Will a $350,000 windfall be enough to do any lasting good for the vast majority of blacks who would receive it? Oh, probably not, but it will feel good.
Or something. California’s task force on imaginary reparations things they should be at least $5 million per eligible resident. Sure, why not? Why not $10 million?
In the past, the professor has estimated that reparations would cost between $10 and $12 trillion. Of course, those figures are also impossible and ridiculous, so we need not make too big a thing out of his latest demand.
The National Debt, even the most woke and irresponsible economists will admit if you back them against a wall, is getting, indeed is, dangerously large already at about $32 trillion. Increasing it by 40% in a short period of time is a recipe for economic disaster that would adversely affect all races and creeds.
One doesn’t even need to get into the absurd practical, social, political and legal impediments to such a mass transfer of wealth, which would be enough to make such Darity’s reparations plan madness even if it were affordable, which it is not now and never will be. The ethics question is: How can Duke responsibly employ a professor who advocates such reckless economic policy? What can students learn from this man, who places his race and political biases ahead of his scholarship?







