It’s about time someone addressed the root of the economic plight that many are protesting around the country today.

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Black Entertainment Television founder Bob Johnson took to CNBC’s Squawk Box to call on the U.S. government to offer African Americans and the descendants of slaves in the United States a $14 trillion reparations plan in order to help quell the unrest in America’s streets.

“Think about this. Since 200-plus-years or so of slavery, labor taken with no compensation, is a wealth transfer. Denial of access to education, which is a primary driver of accumulation of income and wealth, is a wealth transfer,” said Johnson.


The 74-year-old media mogul added, “I’m talking about cash. We are a society based on wealth. That’s the foundation of capitalism.”