100 Facts On Reparations For Native Black Americans

100 Facts On Reparations For Native Black Americans

67. Bloomberg proposes multibillion-dollar Black American economic initiative

Presidential candidate Mike Bloomberg, a former mayor of New York City, unveiled sweeping plans to address the economic legacy of generations of discrimination against Black Americans. He made the announcement during a speech at the site of historic race riots in Tulsa, Okla., on Martin Luther King Jr. Day weekend.

He proposed $70 billion in investment in the country’s 100 most disadvantaged neighborhoods and a goal of creating 1 million new black homeowners and 100,000 new Black-owned businesses, The New York Daily News reported.

“The exploitation worked exactly as it was designed to — slavery, sharecropping, Jim Crow, segregation and redlining,” Bloomberg said at the Vernon Chapel AME Church. “For hundreds of years, America systematically stole Black lives, Black freedom, and Black labor.”

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