If I were arguing for an across the board redistribution of wealth (from the absurdly rich to the broad working class (which I am in favor of), then the question reparations to blacks would be considerably changed. They would at last be equalized with everyone else.
Americans have about $98 trillion in wealth. A substantial portion of that is controlled by the richest 1%, then the richest 2%, 3%, and 4%. 90% of the population controls a very small portion of the wealth, and in fact, has most of all the debt. Let's say we took $50 trillion from the rich and distributed it evenly to 350,000,000 Americans citizens. Each person would receive $142,857, regardless of race, sex, or age.
There would be HUGE financial and economic problems resulting from such a sudden transfer of wealth, which is OK because it is merely hypothetical. It is inordinately unlikely to ever happen. BUT, nevertheless, $142,857 per person would accomplish reparation and would equalize wealth, for a period of time, anyway.
A Revolution would have to have happened in order to take $50 trillion from the uber rich. I am assuming that business would not proceed as usual after the revolution. A revolution will probably be required to merely raise their taxes up to where they were, not so very long ago, at 90%.
You said you changed your mind, why is that? — Judaka
I became increasingly obvious to me that the black population has been subjected to several rounds of disadvantageous policy, long after slavery ended, after the Jim Crow era ended. Disadvantaging blacks is in progress right now, through the usual means: housing policy, education policy, spending priorities, and so on. And in identifying blacks as being disadvantaged, I am not denying that whites, hispanics, American Indians, and asians are also being disadvantaged by the same methods.
For an unlikely but terrific sociology read, try EVICTED: Poverty and Profit in the American City by Matthew Desmond. (available used, digital, libraries, or new) The book is about a black landlord in the slums of Milwaukee and a white owner of a run down house trailer park (also in Milwaukee). The renters in the slums are mostly black, and the renters in the trailer park are mostly white. Both landlords are making a lot of money off their poor tenants. The black landlord has something like 200 properties (all low quality) and the white landlord has something like 90? trailers, most falling apart. The formula is simple:
Charge as much as possible
Fix nothing (unless it is absolutely unavoidable, and maybe not even then)
Evict any tenant who misses payments and/or becomes too annoying
Renting to the poor in the slums happens to be quite profitable for the landlord. For the tenant, the chaos of their lives -- and the ruthlessness of the eviction policies, means repeated loss of money in furnishings, clothing, food, etc. Plus, the tenants are paying very high rents to live in what are, frequently, shit holes.
What goes in Milwaukee goes pretty much everywhere. There is limited public housing (which in many cities has largely been eliminated by blowing the buildings up), there are Section 8 vouchers (which do NOT provide luxurious apartments IF one can wait long enough to get a voucher, and there are a few grades of slum dwelling -- some of which might be OK, but most of which most people would refuse to live in if they had any choice in the matter. Outside of these alternatives for the poor, there is homelessness.