Candi CdeBaca, a Democrat who is now serving on the Denver City Council, has floated the concept of levying a tax on companies that are controlled by people of white ethnicity as a potential revenue source for the city. Businesses in Denver that are owned and run by people of color that would benefit from financial assistance if this tax were to be collected would bring in the necessary funds.
CdeBaca, who is a staunch communist, “believe[s] in community ownership of land, labor, resources, and distribution of those resources” and is “excited to usher it in by any means necessary.”
CdeBaca made the following comment on the Thursday of the prior week during a gathering of the Greater Metro Denver Ministerial Alliance: “Capitalism was built on stolen land, stolen labor, and stolen resources.”
“And a check today couldn’t make up for the effects of generations’ worth of stolen wealth in all of these areas,” she added. “That would not be possible with a check today.” “This is a problem that has been going on for a very long time.” “A cheque that was sent today was unable to make up for the difference.I believe that it will be possible to do so since a large number of individuals have already contributed money, time, and/or land to the cause. After our internal processes have been honed and perfected, it’s feasible that we will be in a position to provide an apology to the affected parties.
In order to jumpstart the economy in the Five Points neighborhood, CdeBaca supported the idea of increasing the amount of regressive taxes that are levied against local businesses. His line of thinking was that this would be the method that would produce the best results.
“Instead of a bid taking extra taxes from black and brown businesses that are struggling, you could take those extra taxes from white-led businesses all over the city and give them to black and brown businesses that are either not in the bid or are just black and brown,” she added. “This would be a better use of those extra taxes.” “Those additional taxes could be taken from businesses led by white people all over the city and given to businesses led by black people and brown people that are struggling.” One of the potential solutions goes as follows: “You could take those extra taxes from white-led businesses all over the city and give them to black and brown businesses that are struggling.” “You might also donate them to charitable organizations as another option.When considered from the point of view of a firm strategist, that demonstrates really impressive thinking. Restoring individuals’ legal entitlements to ownership of their own property is, in my view, an issue of the utmost importance. This is something that has to be taken care of as quickly as humanly feasible.
Even further, CdeBaca argues that monies for reparations should be handed to people of color “ongoingly.” This is a position that takes a very hard line.
She suggested that rather than just maintaining the economy in its current shape, economic compensation should be geared toward repairing the harm that it has caused. This is in contrast to the conventional wisdom, which holds that the economy should be maintained in its current state.