Robert Johnson, the founder of Black Entertainment Television and believes that in the name of reducing racial inequalities, the US government should distribute $ 14 trillion for the reparations of slavery.

Johnson, America’s first black billionaire, made his comments during an interview on CNBC.

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Johnson: Reparations are the greatest ‘affirmative action program of all time’

Johnson said on “Squawk Box”, “Now is the time to go big… the transfer of wealth is what is needed.”

He focused on racial inequality.

“Think about it,” Johnson said. “For more than 200 years of slavery, labor taken without compensation has been a transfer of wealth. Denial of access to education, which is one of the main drivers of income and wealth accumulation, is a transfer of wealth.

Johnson sold BET to Viacom in 2001, making the 74-year-old American the first black billionaire in America.

He called the reparations “the greatest affirmative action program of all time.”

Johnson said the payment would show white Americans recognize “the damages owed” as a result of slavery and how that represented a “transfer of wealth to white Americans away from African Americans.”

“Damages are a normal factor in a capitalist society when you have been deprived of certain rights,” he said.

Johnson continued, “If this money goes into pockets like the [coronavirus] the stimulus checks… that the money will come back into the economy ”in the form of purchases of goods and services.

Johnson noted that his support for repairs is nothing new.

“I am not new to this challenge. He also stressed that he did not want “more bureaucratic programs that don’t and don’t work.”

“I’m talking about cash,” Johnson insisted. “We are a wealth-based society. It is the foundation of capitalism.

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Are the repairs realistic?

Merck chief executive officer Ken Frazier, who is black, followed Johnson on CNBC and openly questioned any repairs.

“I don’t believe we can get something like this through our political system,” Frazier said.

“The leaders of the business community must be a unifying force,” noted Frazier. “They can be a source of opportunity. They can be a source of understanding.

“As business leaders, we can step in and solve many of these economic problems for people,” added Frazier.

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