The African-American Self-Reparations Self-Taxation System: WHO, WHAT, WHEN, WHY & HOW

African-American Self-Reparations Founder C. L. Seymore 

WHO: WE ARE

The African American Self Reparations Think Tank (AASRT) Social Purpose Corporation, driven by the Binary Society's Division of Applied Multiplied Positive Placed Value (BinSoc), envisions a future where economic empowerment and social justice converge to create a new American economy. This essay explores the profound economic impact of AASRT's goals, providing a comprehensive overview of its initiatives across various industries. AASRT's mission is not only to address historical injustices but also to redefine the economic landscape, reduce systemic inequalities, and unburden society as a whole.

WHAT: WE WANT

Industrial Impact 

AASRT's entry into diverse industries serves as a catalyst for change. These industries include:

1. Pharmaceuticals & Pharmaceutical Manufacturing: Ensuring access to affordable and quality healthcare.

2. Medical Equipment Manufacturing: Creating jobs and supplying essential medical resources.

3. 3D Printing Corporation & Manufacturing: Driving innovation and technology.

4. Textile & Clothing Manufacturing: Fostering self-sufficiency and promoting cultural representation.

5. Lumber Processing & Modular Home Manufacturing: Addressing housing disparities.

6. Agricultural Farming Corporation: Establishing sustainable farming practices.

7. Bottled Water Corporation: Providing clean water sources and promoting environmental responsibility.

8. Tree and Lumber Growing: Contributing to environmental conservation.

9. Ai-Assisted Robotics Consumer Manufacturing: Revolutionizing consumer product manufacturing.

10. Electric Vehicles, Heavy Equipment, and Locomotive Manufacturing: Propelling eco-friendly transportation.

11. Construction Equipment and Supply Chain Automation: Enhancing efficiency in infrastructure development.

12. Small Box Mart Retail Chain Stores: Promoting community-centric retail solutions.

Economic Impact:

AASRT's multifaceted approach is poised to make a transformative impact:

1. Employment Opportunities: Job creation across industries, reducing unemployment rates.

2. Economic Growth: Contribution to GDP through thriving businesses and increased consumer spending.

3. Wealth Redistribution: Bridging the racial wealth gap through ownership and economic empowerment.

4. Community Development: Investing in underserved communities to foster resilience and sustainability.

5. Education and Training: Equipping the workforce with skills for the future job market.

WHEN & WHY: WE WANT IT

The Persistent Struggle for Equity and Representation

African Americans have long been underserved and underrepresented, carrying the burden of a history that has seen the vast majority of their land ownership stripped away. From a peak in 1910, where Black Americans owned between 16 to 19 million acres of land, representing about 14% of all U.S. farmers, there has been a precipitous decline. By 2012, this number dwindled to just 1.6% of the farming community, owning a mere 3.6 million acres. This loss of land, amounting to nearly 90%, is not merely a result of financial hardship but also a consequence of systemic barriers and discriminatory practices that have not aligned with the notion of progressive progress.

The Legacy of Labor and Ingenuity:

The period following slavery showcased the resilience and ingenuity of African American men. They worked tirelessly to build wealth and legacy through their own hard labor on the land they could acquire. Yet, over time, the skills and knowledge that once flourished within the community faced a decline, paralleling the decrease in land and farm ownership.

Comparative Analysis (1990 to 2024):

In comparing the skill sets and ingenuity of African American men from 1990 to 2024, it's evident that the landscape has changed dramatically. While the early 20th century was marked by a surge in Black innovation and entrepreneurship, the latter years have seen a shift. The challenges of systemic racism and economic barriers have persisted, yet there remains a strong undercurrent of innovation and creativity within the community.

The historical journey of African American land ownership and economic contributions underscores the importance of self-reparations as a means of empowerment. By understanding and building upon the legacy of our ancestors, African American men can reclaim the strength and ingenuity that once defined them. The African American Self-Reparations Think Tank stands as a beacon of hope, guiding the way towards a future where the community can once again thrive through self-sufficiency and resilience.

HOW: WE PLAN TO DO IT (A. S. S. R. T.)

The Case for African-American Self-Reparations

The stark reality of this historical disenfranchisement underscores the urgent need for African Americans to band together and forge a path toward self-reparations. This initiative is not just about reclaiming land; it's about restoring the dignity, culture, and economic foundation that land ownership represents. It's about acknowledging that the skill sets and ingenuity that once thrived within the African American community can be revitalized and harnessed to create a sustainable and prosperous future⁹.

The Path to Restorative Justice: A $21.3 Billion Vision for African American Self-Reparations

The Collective Vision:

African Americans, a community of approximately 42 million, have united with a singular goal: to forge a partnership that heals divisions and addresses historical injustices. This alliance is not just about redress; it's about ensuring equitable participation in America's future, benefiting every citizen.

Estimating Land Needs:

The future is envisioned with a balance between urban density and rural tranquility, efficient land use, and a steady population growth of 1%. The current land requirements stand at about 1,556 square miles for urban areas and 42 million acres for rural living. With a projected population increase, these needs will evolve, necessitating strategic planning and management.

Safeguarding the Vision:

To protect this vision from the threat of imminent domain laws, a multi-faceted approach is essential:

- Land Preservation: Acquiring and preserving land with cultural, historical, and economic value.

- Legal Frameworks: Crafting legal protections that honor the land's significance.

- Government Collaboration: Securing supportive legislation and building alliances with government entities.

- Community Stewardship: Involving the African American community in sustainable land management.

- Public Awareness: Raising awareness about the objectives and importance of the land partnership.

Strategic Industry Entry:

The African American Self-Reparations Think Tank (AASRT) is poised to strategically enter key industries, addressing economic disparities and uplifting marginalized communities.

Financial Impact:

With a working-age population of 26.62 million and an average income of $40,000, a 1% donation via taxes could generate approximately $10.65 billion annually. This collective effort represents a significant step towards self-reparations.

The $21.3 Billion Initiative:

This initiative, supported by the U.S. Government would represent a historic gesture of restorative justice. It's a comprehensive plan that encompasses land acquisition, legal protections, community involvement, and financial contributions, all aimed at repairing the deep-seated wounds of the past.

The implementation of The African-American Self-Reparations Taxation System

This taxation system would require careful planning, widespread support, and robust legal frameworks to ensure its success and fairness. It represents a significant step towards addressing historical injustices and fostering a more equitable future. The initiative's success would hinge on its ability to unite the nation in a common goal of restorative justice and reconciliation.

Tax Credit System:

1. Individual Tax Credit:

   - Every African American citizen who is a descendant of U.S. slavery and not a modern-day immigrant would receive a $400 tax credit for each individual in the household.

   - This credit would directly reduce the amount of tax owed by the individual, potentially resulting in a refund if the credit exceeds the individual's tax liability.

2. Government Contributions:

   - For every eligible African American citizen, the U.S. government would contribute an additional $400 to the African-American Self-Reparations Endowment Fund.

   - This fund would be used to finance various initiatives aimed at community development, land acquisition, and legal protections.

Financial Impact and Funding:

- The working-age African American population is estimated at 26.62 million individuals.

- Assuming an average annual income of $40,000, a 1% donation via taxes from this demographic could generate approximately $10.65 billion annually.

- This donation could be structured as a voluntary contribution or a designated tax that funds reparations initiatives.

Implementation Steps:

1. Legislation:

   - Pass federal legislation to establish the tax credit and government contribution system.

   - Define eligibility criteria for descendants of U.S. slavery.

2. Tax Code Adjustment:

   - Modify the tax code to include the new tax credit and outline the process for government contributions to the endowment fund.

3. IRS Involvement:

   - The Internal Revenue Service (IRS) would be responsible for administering the tax credits and collecting the 1% donations.

   - The IRS would also manage the distribution of funds to the endowment.

4. Public Awareness:

   - Launch a public awareness campaign to inform eligible individuals about the tax credit and the option to contribute to the fund.

5. Monitoring and Evaluation:

   - Establish a system to monitor the effectiveness of the tax credit and the utilization of the endowment fund.

   - Regularly evaluate the impact of the initiative on the African American community and make adjustments as necessary.

Long-Term Goals:

- The ultimate goal of the $21.3 billion per year initiative is to provide a sustainable source of funding for reparations efforts.

- The initiative aims to empower the African American community through economic development, education, and cultural preservation.

Here's a simplified version of how such a bill presented by the African American Self-Reparations Think Tank Social Purpose Corporation/NGO; might be structured, including a preamble and sections relevant to the establishment of a system for African-American self-reparations:

African-American Self-Reparations Taxation System Act (proposed draft by African American self-reparations Think Tank)

To establish a system for African-American self-reparations through tax credits and government contributions, and for other purposes.

Preamble:

Whereas, the legacy of slavery and subsequent discriminatory laws and practices have had a lasting impact on African-American communities;

Whereas, the United States recognizes the need for restorative justice and the empowerment of African-American descendants of slaves;

Whereas, a system of self-reparations can serve as a means to address historical injustices and promote economic and social equity;

Now, therefore, be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

Section 1. Short Title.

This Act may be cited as the "African-American Self-Reparations Taxation System Act of [Year]".

Section 2. Definitions.

For the purposes of this Act:

(a) "Eligible individual" means any African-American not a modern-day immigrant, who is a citizen of the United States and a descendant of United States slavery.

(b) "Self-reparations endowment fund" refers to the fund established for the financing of African-American self-reparation Think Tank/NGO initiatives.

Section 3. Tax Credit System.

(a) Individual Tax Credit: Each eligible individual shall receive a $400 tax credit annually.

(b) Government Contribution: The United States government shall contribute $400 to the self-reparations endowment fund for each eligible individual annually.

Section 4. Financial Impact and Funding.

(a) A 1% donation via taxes from the working-age African-American population, estimated at 26.62 million individuals with an average income of $40,000, is projected to generate approximately $10.65 billion annually.

(b) These funds shall be allocated to the self-reparations endowment fund.

Section 5. Administration.

(a) The Internal Revenue Service (IRS) shall administer the tax credits and collect the 1% donations.

(b) The Department of the Treasury shall oversee the management and distribution of the self-reparations endowment fund.

Section 6. Eligibility Criteria.

(a) The Department of Health and Human Services, in conjunction with the Social Security Administration, shall establish criteria for determining the eligibility of individuals based on lineage and citizenship status.

Section 7. Legal Framework.

(a) The Department of Justice shall ensure the legal framework for the administration of the self-reparations endowment fund and protect against potential legal challenges.

Section 8. Oversight and Reporting.

(a) An annual report shall be submitted to Congress detailing the administration of the tax credit system, the collection of donations, and the impact of the self-reparations endowment fund on the African-American community.

Section 9. Effective Date.

This Act shall take effect on the first day of the fiscal year following the date of enactment. (if implemented)

This draft is a high-level representation and would need to be refined by legal experts and legislative drafters to ensure accuracy, compliance with existing laws, and proper integration into the United States Code. The actual drafting process would also involve consultations with various stakeholders, committee reviews, and potential revisions before a bill is finalized and presented for consideration.

It is a work in progress. It can be done.

This $21.3 billion self-reparations initiative is a testament to the power of collective action and the enduring spirit of the African American community. It stands as a beacon of hope and a model for how a nation can come together to right the wrongs of history and build a future where every citizen can thrive.