[Ed. – Usually this man comes off as very rational and clear-headed, as he did when he observed in 2019 that Democrats had moved ‘too far left’ and that he didn’t have a candidate. This time, he sounds stark, raving nuts.]
Robert Johnson, founder of Black Entertainment Television, told CNBC on Monday the U.S. government should provide $14 trillion of reparations for slavery to help reduce racial inequality.
“Now is the time to go big” to keep America from dividing into two separate and unequal societies, Johnson said on “Squawk Box.”
“Wealth transfer is what’s needed,” he argued. “Think about this. Since 200-plus-years or so of slavery, labor taken with no compensation, is a wealth transfer. Denial of access to education, which is a primary driver of accumulation of income and wealth, is a wealth transfer.”
Johnson, 74 made history as America’s first black billionaire when he sold BET to Viacom in 2001.