The document summarizes the history of racial inequities in the United States, particularly around education, housing, and access to benefits. It details how black families in South Carolina in 1948 were paying taxes to fund white schools that their children were barred from attending. It also discusses how government housing policies like redlining in the 1930s-1960s devalued black neighborhoods and denied black citizens access to mortgages and loans. The author proposes a solution to exempt people of color from taxes for 100 years and provide discounted college admission and financing to address these longstanding inequities.

1. Where do we go from here…
By Rico Adams
Cycle 47

2. The Great White Heist
By Michael Harriot
Slavery is the usual argument for reparations. But there’s another reason…

5. They finessed us….AGAIN
In 1948, black parents in Summerton, South Carolina got tired of white people taking their [black people] money and
only providing for the white students that attended the same school as the black kids. The parents discovered that while
their children were walking up to 9 miles to get to school, the white counterparts were arriving on new school buses that
the black parents were paying for. The black kids would have to trek through streams of water or row across the Lake
Marion Reservoir and then chop wood for their unheated classrooms and then try to learn, that’s assuming they made it.
While the white kids had 33 school buses, that the black parents were paying for, the black kids were risking their lives
walking to and from school.

6. Blacks were paying for new schools and amenities that their children couldn’t enjoy.
• In 1948, South Carolina was 40% black. The black schools were worth $12.9 million while the white schools were worth
a staggering $68.4 million.
• If white students wanted to further their education they could attend one of a dozen different schools, black students
could only attend one, South Carolina State College – the only public black college in the state. South Carolina State
College.
• South Carolina taxpayers paid for seven white only colleges and ZERO Black colleges
• Most taxpayers were black according to the census

7. In 1944, Franklin Delano Roosevelt signed the Servicemen’s Readjustment Act.
• The law offered government-guaranteed home loans and paid tuition costs for World War II veterans
• According to Ira Katznelson, in the book ‘When Affirmative Action Was White’ of the 67,000 mortgages approved under
the G.I. Bill in New York and New Jersey, fewer than 100 were for veterans who were non-white.
• Colleges in the North rejected Black veterans, the HBCU’s were already packed with students who were denied
admission to white colleges.
• By 1946, only 20% of the Black veterans who applied for education benefits had actually enrolled.

10. In the mid-1930s, the New Deal created huge economic programs sponsored by the federal government….
• The government funded farms and businesses, gave out jobs, built suburbs, and created a minimum wage.
• The Social Security Administration gave elderly people financial security
• The Home Owners’ Loan Corporation refinanced mortgages at low interest rates to prevent foreclosures
• To ensure mortgages were not risky, they created color-coded “residential security maps” of 239 cities and highlighted
the neighborhoods that were good investments versus neighborhoods that were poor investments. The poor
investments were highlighted in red and included every black neighborhood.

11. Red lining wasn’t outlawed until 1968…
The Brookings Institute found that found that homes in majority Black neighborhoods are valued on average $48,000
less than homes in white neighborhoods. Doesn’t matter if the white neighborhoods have the same amenities, crime
rates, and resources as the black neighborhood.
According to the Lincoln Institute of Land Policy, about 36% of educational funding comes from local property taxes.
Because of the lower home values, schools in these neighborhoods receive less funding.
Residents who live in formerly redlined areas pay higher interest rates and are denied mortgages more often
than whites with the same credit and income.
Residents who live in redlined areas pay higher auto insurance rates, more for fresh food, have less access to
medical care, higher interest rates on loans, receive more parking violations, pay higher bail amounts, and wait
longer to vote.

12. Solution
All people of color (Native Americans, Hispanic, Latino, and Black people) should be exempt from paying taxes for 100
years. They should be granted full admission to any college at half the cost until p.o.c students reach 25% of the
college or universities’ max capacity for 400 years.
They will then only pay a quarter of what white people are being taxed at that time for the following 100 years.
The rate would then go up to 50% of what white people are being taxed at that time for the following 100 years.
The rate would then go up to 75% of what white people are being taxed at that time and given the option to apply for
financing with a 15% off discount which would last for an additional 100 years.