In a published article, the UN has recommended that the African-American community be provided with financial reparations at the expense of U.S. tax payers. This topic has rekindled the debate, at a time when racial tensions are flaring up in America.
However, in a stark contrast to the UN conclusions, the following report tells a much different story of how much tax payers are already contributing to the black community:
If you are a white American, over the course of your lifetime the federal government will, on average and on your behalf, transfer $384,109 of your wealth and income to a single black individual.
According to the data derived from the 2014 federal budget, the average annual net tax/benefit broke down as follows:
- White: -$2,795
- Black: +$10,016
Over the course of an average 79-year lifespan, a white individual contributes a net $220,805 to the system, whereas over the course of an average 75-year lifespan, a black individual receives a net $751,200. However, since there are 4.6 times more whites than blacks in the USA, the black share has to be divided among the various contributors to sort out a one-to-one comparison.
So, the net cost to the average White American of the average Black American is $384,109. Married? That’s $768,218. Got 2 kids? That’s $1,536,436. 4 kids? Now we’re talking $2,304,654 lifetime.
John Hope offers his insights
Diversity is expensive. Now you understand why you won’t have much of an inheritance to leave to your children. Do you really think it’s worth it? And then, those natural conservatives to the south, the Hispanics, will surely improve the situation, right? After all, immigration helps the economy! Well, not so much.
- Hispanic: +7,298
In fact, because there are more Hispanics in the USA than Blacks, Hispanics are already a bigger cumulative net drain on the economy, $411,950,000,000 to $389,710,000,000. Needless to say, the ongoing demographic change from a predominantly white society to a less productive, less white one can be expected to have even more serious negative effects on the long-term economic prospects of the United States that it already has.