The Damage Report
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Hate Crimes PROVE Mind-Blowing Financial Consequences Across The Nation
Posted
November 4, 2023
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5:08Now PlayingNew reporting reveals the jaw-dropping economic cost of devastating hate crimes as they continue to surge across the nation, from totals on medical costs to property vandilism to policiing and more. Jayar Jackson and Wosny Lambre break it down on The Damage Report.
Read more here:
Examining True Economic Costs of Hate Crimes
"ANNANDALE-ON-HUDSON – The Bard Center for the Study of Hate (BCSH) has released a new report examining the economic costs of violence stemming from hatred. The study, written by Bard Associate Professor Michael Martell, estimates that the measurable annual cost of hate crimes is nearly 3.4 billion, with the actual cost likely much higher.
“Clearly, violence from hate has an economic cost, from property damage to medical costs to policing to psychological damage to the cost of fear rippling through a community,” Martell writes in “Economic Costs of Hate Crimes.” “The costs of hate crimes will also tell us something about the structure of our economy, from direct costs to lost opportunities.”
Martell draws on a particular hate crime—the massacre at a Sikh temple by a white supremacist in 2012—to illustrate the various economic losses, including those to the victims directly and those to society. Using available, if incomplete, data from national sources, the study breaks down, and adds up, the wide-ranging costs of violence from acts of hate, looking at everything from tangible ones—such as lost earnings, medical bills, and destroyed property—to micro and macro social costs that are more nebulous to calculate, from the anguish of victims to the resources allocated to policing and incarceration."
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