Except you know the fed would bail them out. And you might want to give a bit of thought about how far black people and other minority groups would be willing to go to get their hands on that much loot if SF sets the precedent.
Ironically, the proposal is reparations for discrimination not slavery. As the article points out, California never had slavery. So, if I’m a non-black minority who has been discriminated against, my first question would be what makes blacks so special that they get reparations, but I don’t get reparations as a Latino or an Asian minority?
My guess is that none of this nonsense will ever see the light of day. But on the outside chance it did, I’m guessing that all non-black minorities would be up in arms and would immediately sue SF for their piece of the pie. And of course, we can’t leave out females and those with mental or physical handicaps. Everyone is going to want a piece of that action. I honestly don’t see how SF could possibly survive financially.
See If Germany can do it without a US bailout, so can San Francisco.
(Although I would have recommended San Fran first adopt the German education system, but that is a tangent.)
And if they want to claim their state and city were being racist all these years, who in government is getting arrested? Many of the people responsible should still be alive after all.