Tag: the great squabble

The Time for Reparations is Now

 

shutterstock_135245903There are certain times when windows open, allowing previously marginal ideas to flourish and the unthinkable to become possible. Gay marriage started out in the early ’90s as the pipe dream of a few cranky law professors; soon, it is going to be the law of the land throughout the country. The movement to have the US pay out reparations for slavery is in its early stages; it’s easy enough for us to write it off now, but expect this to be pushed with some urgency over the next 10 to 20 years. The reason is that this is one social movement that comes with a time limit.

The window for reparations is slowly closing because of demographic changes in this country. Any such scheme will depend on rich, white Baby Boomers who are receptive to appeals based on guilt. As those people die off over the next 20 years, they will be replaced by two main groups.

The first is white Gen Xers, who will be a less-than-optimal target for extraction. Productive people about my age (38) will be squeezed for as much tax revenue as possible as we move into our peak earning years — and our peak earning years will not be nearly as productive as our Boomer parents’ were. They came of age when America was still on an upward trajectory.