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To: LS; SharpRightTurn; SkyDancer; 2ndDivisionVet; PGR88; Farmer Dean
LS: "The actual, amazing untold story here is that WITHOUT government forced redistribution by 1880 blacks owned 10% of the land in the south..."

Thanks for your post.

Good farmland of "40 acres and a mule" in today's terms is more-or-less $200,000 ($100k to $400k depending on location, location, location).

$200,000 invested at an (optimistic) 5% annual return generates annual income of $10,000.
In other words, annual government welfare payments of $10,000 per family equate to the present value of "40 acres and a mule".

Today's annual welfare costs total around $1 trillion of which perhaps 40% goes to descendants of slaves (40 million), which means their per capita welfare costs are around $10,000 per year.
Even if we (falsely) assume all slave descendants receive government assistance, and an average family size of three (mother and two children), then welfare costs $30,000 per family per year, or three times the value of "40 acres and a mule".

In short, it would have been vastly cheaper for the Federal government in 1865 (or even today!) to simply buy abandoned farmland, and give it away to former slaves, on the one and only condition that they, or their descendants, would make no further welfare claims on any government agency.

14 posted on 01/10/2013 3:55:22 AM PST by BroJoeK (a little historical perspective....)
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To: BroJoeK

The biggest social problem in this nation is how to create a nurturing environment for the 5th and 6th generation offspring of single women so these children are not condemned to the perpetual cycle of poverty and dependence. In our current progressive culture these children will not develop the skills and self discipline to compete in normal society nor do they have the role models to show them an alternative path. Over the past 50 years we’ve proven academic white papers, bloated government bureaucracies, rhetoric from community organizers, boatloads of government money and government imposed affirmative action will not break the self perpetuating cycle.

We could give every black person in America a reparations check for $200,000 today. In five years most of the residents of the progressive plantation would be mired in poverty demanding another check. Eric Holder says he wants a frank conversation on race. Let’s ask Eric what he proposes to do about the cultural problem that is holding his people down.


15 posted on 01/10/2013 5:43:06 AM PST by Soul of the South
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To: BroJoeK
Your stats are right, but there are a lot of flaws with the whole process. First, Lincoln deliberately did not define the Rebs as foreign enemies or traitors meaning that legally he could not confiscate their land. There were not vast unoccupied fertile lands just "out there" for the freedmen.

Second, as we have seen with courts, it doesn't matter what the agreement with the freedmen or their descendants---some would still seek reparations or end up on welfare.

Last, as I showed they didn't NEED free land--- they just needed an equal chance before the law and they would get land just as whites did.

Forty acres and a mule was not needed---just fair enforcement of the law.

17 posted on 01/10/2013 7:56:15 PM PST by LS ('Castles made of sand, fall in the sea . . . eventually.' Hendrix)
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