In my family, when one member dies in debt the rest of the family does it’s best to pay off those debts. It’s a matter of family honor and keeping a clean reputation for the living.
That’s what we’ve got here - a bunch of dead ancestors who left us some serious debt, which we have not only not paid off, but which we have added to.
So - cash payments? Probably not. That in itself would not fix our institutions or our cultural dysfunctions, and would logistically never be fair. If you got a cash settlement and the government said “well, that’s done”, but you still couldn’t get hired for a job that’s equal to your abilities and educational background, or get equal pay with your peers, that’s not repairing the damage you live with, and reparation is about repair. Equally if you got a cash settlement but still are poorly educated because you grew up in a terrible school system, that’s also not repairing the damage you live with. But cultural reorganization to recognize the thefts and oppressions of the past and present, and actions to lift up those who still suffer the consequences of that past and present? Yes.
That would include educational reform (including remedial adult ed for those who need and want it, and job and income protections to ensure they have the time to study), housing reform, justice system reform, employment and income reform and programs to substitute for the modest family resources many families have been institutionally denied. We’d concurrently need to take steps to ensure that the thefts and oppressions that are still going on stop and will never be repeated.
All of this couldn’t be restricted to African Americans, of course - other Americans have also been the targets of American racism and have been held back in similar ways over many generations, even though their ancestors were not enslaved. But eliminating the institutional racism that affects them, too, while working to repair the way African Americans experience life in the U.S. certainly does no damage to African Americans; it helps us move towards a country where everyone is treated equally and everyone has equal opportunities, things we pay lip service to but have not done much to achieve.
It’s a big debt, and very difficult to pay off, but this won’t make anyone’s life worse, it will make everyone’s lives better as it’s implemented. It may take several generations to complete, because the thefts and oppressions are still going on, and cultural change is very slow, but the sooner we start, the sooner it will be done.