At a moment major American cities are loosing hundreds of millions by the day in rampant destruction during nightly George Floyd protests, the man celebrated as the nation’s first black billionaire has called for trillions in ‘reparations’ for slavery.
“Wealth transfer is what’s needed,” 74-year old Robert Johnson, founder of Black Entertainment Television (BET) said in a CNBC interview Monday. “Think about this. Since 200-plus-years or so of slavery, labor taken with no compensation, is a wealth transfer. Denial of access to education, which is a primary driver of accumulation of income and wealth, is a wealth transfer.”
Though no longer on the Forbes billionaires list following the 2001 sale of BET to Viacom for a whopping nearly $3 billion, Johnson is currently estimated to be worth over $600 million. Perhaps this is why he wants to “go big” in terms of a figure: he said the US federal government should pay out $14 trillion in reparations, or “damages that are owed” as he put it.