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Cake day: July 23rd, 2023

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  • I didn’t (and wouldn’t) down vote it, but I’ll bite.

    1. To the extent that the US tax system is progressive, this would be putting the most money into the pockets of the portions of the Black community that are suffering the least from the latent effects of slavery and racism. This is truest of income tax.

    2. Waiving sales tax would be better targeted. Unfortunately, it would most affect states and localities with the highest Black populations, with the side effect of reducing services to the exact people it was meant to help.

    3. Even if sales tax is addressed (unlikely), this would probably be in the form of tax rebates. This probably means a once a year infusion of money, subject to all the same exploitation that currently impacts income tax refunds. (Edit: Also, sales tax rebate would likely still take income into account, and thus also be regressive. If it assumes all income is spent for determining the amount to rebate, it would be even more regressive than income tax exemption.)

    4. Unless issues of structural racism are addressed in conjunction with this - issues like food deserts, differences in rates of home appreciation in predominantly black vs white neighborhoods, pollution burdens in predominantly black areas, education funding which is tied to those home values, and many other issues - the existing racist systems will suck that money back out of the Black community in ways that minimize the building of Black wealth. “Mission Accomplished” will be declared, and the political will to “do something” will need to be rebuilt from scratch.

    5. Direct cash payments (monthly, like social security) come without the drawbacks of 1-3, are simpler, and will build up a type of immediate feeling of support that will be harder to withdraw at the end of the stated term, while also proving the case for universal basic income later. That would have knock-on effects for other exploited communities (LatinX immigrants, neurodivergent, deaf, disabled, etc).