One study examining the aftermath of the Rodney King riots found that extensive economic fallout haunted Los Angeles. The original $1 billion in property damage was eclipsed by a nearly $4 billion drop in economic activity over the long run, reducing tax revenue by $125 million. Other research into the 1960s civil rights era riots found similar consequences, in particular, “negative, persistent, and economically significant effects of riots on the value of black-owned housing” and “a 10 percent decline in the total value of black-owned property in cities.”
Great. So bump up Greenwood's worth by another factor of 10, and you're comparable to the King riots. And then we can start looking at what they did this summer.
the financial cost of the rioting is on its way to at least $2 billion, making it the most expensive in history.
I say we have the race-baiting journos pay back the reparations for all of it (going all the way back to Tulsa), since they keep insisting on encouraging the problems.
source
Great. So bump up Greenwood's worth by another factor of 10, and you're comparable to the King riots. And then we can start looking at what they did this summer.
source
I say we have the race-baiting journos pay back the reparations for all of it (going all the way back to Tulsa), since they keep insisting on encouraging the problems.