A few days ago, I examined the reasons why reparations were owed, however, I also stated that I didn't believe that debt would be paid. The reparations solutions included strengthening historically black colleges and universities and the case for self reparations argued.
Yesterday, black billionaire Robert F. Smith pledged to pay off the student loans of the entire 2019 graduation class of Morehouse College. His pledge also included a challenge to Morehouse alumni to continue providing similar assistance to future classes and stated: "because we are enough to take care of our community, we are enough to ensure we have the opportunity of the American Dream".
Morehouse is an all-male, historically black college in Atlanta. The billionaire's gift is estimated to be worth about $40 million, based on the combined debt shouldered by the graduating class's nearly 400 students, making it the single largest individual donation to a historically black college or university.
Robert F. Smith is one of the world's 13 black billionaires. His generosity and example may help to create other black billionaires. Kudos to you and your family Mr. Smith, well done. His entire commencement address is below.