$5 million for each longtime Black resident? S.F. has a bold reparations plan to consider

A century after President Abraham Lincoln signed the Emancipation Proclamation, civil rights icon Martin Luther King Jr. stood on the steps of the Lincoln Memorial in Washington, D.C., and lamented how “the Negro still is not free.”

“One hundred years later, the Negro lives on a lonely island of poverty in the midst of a vast ocean of material prosperity,” he said during his 1963 “I Have a Dream” speech from the March on Washington for Jobs and Freedom.

King could have been describing today’s San Francisco, a 47-square-mile city that’s home to more than 60 billionaires and at least 7,000 homeless people, around 40% of whom are Black, despite Black people representing only 5% of the population.