Dear Dean Magazine: December 22, 2022

P A R T 3 : G O V E R N I N G T H E
M O N E Y
leave it up to the Feds, Wall Street, or non-profit
agencies. And we certainly cannot leave it up to
well organized billionaires though many currently
have large organizations who manage –
successfully and otherwise – their own charitable
organizations.
What I propose, short of a separate branch of
government, we need comprehensive, dedicated, 9. Training & Development – Dedicated to posthigh
skilled, and national oversight that includes the
school, job retraining, skill development, and
following areas of discipline that will be led by career changes.
Black people following a national search. The
persons filling the roles will be paid commensurate Community Investments – Oversee community
to level and experience and with federal funding development for single family homes, senior living,
that is protected from politicians:
preschool, enterprise zones, parks, multi-use
1. Investments – Govern market investments developments.
based on guiding principles developed in
tandem with board of directors, public polling,
and long-term stabilized growth strategies.
2. Distribution – Govern individual & family
distribution
3. Taxes – Individual & Small Business – Required
Board of Directors – Board to govern all aspects of
reparations and reflect expertise in each area, while
also including expertise in all disciplines. In addition,
board to have rotating political representation, and
representation from seniors, community leaders,
pre-distribution resource for scholars, historians, sociologists, young people
individuals/families, & small businesses
(16+), and marginalized people within our
4. Money Management – Required postdistribution
community.
resource for individuals/families, &
small businesses for monthly moneymanagement
10. Office of Reporting, Audits, and Accountability
5. Financial Planning & Wealth Management –
– A fully independent group who audits all other
groups and provides public reporting on all aspects
Required post-distribution resource for of reparations.
individuals/families, & small businesses, with
long-term focus
6. Banking – Establish national bank and a
The above is a template that can be modified after
feedback from the Black community.
national credit union for Black communities
7. Legal – multiple areas of expertise to represent
the Reparations committee and resources for
The key takeaway is that reparations in any form
must be governed and managed by Black people.
recipients.
8. Real Estate/Loans – Establish national real
estate company w/local branches & agents that
serve Black buyers.
Black buying power is already over a trillion dollars
and reparations will significantly enhance buying
power while ensuring Black people have the
DEAR DEAN MAGAZINE | p.17