Robert Johnson, who based Black Leisure Tv, informed CNBC on Tuesday that Black Individuals ought to kind their very own political occasion to pay attention their electoral affect. “I have been satisfied for a very long time that 40 tens of millions African Individuals who are inclined to vote as a bloc in one of many two events restrict their leverage in getting motion kind each events,” Johnson stated on “Squawk on the Street.” Johnson, who has beforehand referred to as on the U.S. authorities to supply reparations for slavery, stated the unbiased political occasion would stand for issues “principally centered on the pursuits” of Black Individuals.Final week, Johnson despatched a letter to “Black Lives Matter Leaders and Supporters,” suggesting that “Black Lives Matter (BLM) take into account establishing a proper unbiased political occasion. The occasion could possibly be based on the precept articulated by the founding members of the Congressional Black Caucus in 1971.” He described the Congressional Black Caucus’ founding precept as Blacks having “no everlasting associates, no everlasting enemies … simply everlasting pursuits.'”Johnson’s concept comes as waves of protests towards racism and police brutality proceed in cities throughout the U.S. following the killing final month of George Floyd, an unarmed Black man, by a fired Minneapolis police officer, who’s White.”Had African American pursuits been embraced by one or two of the dominant events, we would not have the great social, financial, racial points that we’ve got now,” Johnson stated. He stated that forming a brand new occasion would ship a message that Democrats shouldn’t take the African American vote as a right and that Republicans ought to cease ignoring points vital to Black folks.Johnson, founder and chairman of funding agency The RLJ Cos., stated he doesn’t imagine the brand new occasion could be shaped and subject candidates in time for the November basic election. However he stated he hopes the conversations round its institution would start this 12 months. Black Individuals already possess clear political affect, Johnson stated, citing their decrease turnout within the 2016 presidential election, in comparison with elections in 2008 and 2012, as one motive why Hillary Clinton misplaced to Donald Trump. Nonetheless, Clinton acquired 89% of the Black vote whereas Trump acquired 8%, in line with CNN exit polls. Johnson additionally referenced the overwhelming assist from Black voters that Joe Biden acquired in South Carolina’s Democratic major, which the previous vice chairman received to assist reignite is stumbling marketing campaign en path to changing into the occasion’s presumptive presidential nominee. However Biden’s suggestion in May that “you ain’t Black” when you vote for Trump as a substitute of him demonstrates that Black voters are too typically taken as a right, Johnson stated. Biden later apologized for the comment, saying “I should not have been so cavalier.””That somebody could possibly be so presumptuousness, that you must vote for a Democrat or in any other case you are not recognized as Black, that’s the precept motive why we’d like a Black occasion, unbiased, to alter that sort of habits,” stated Johnson, who turned the U.S.’s first Black billionaire when he bought BET to Viacom in 2001. He is not on the Forbes billionaires record.Johnson has been a big Democratic donor over time but in addition has spoken positively about Trump’s work on the U.S. economic system. He stated in 2016 that he turned down a place in Trump’s Cupboard, not over politics however as a result of he stated he couldn’t cope with the federal government purple tape. On Tuesday, Johnson additionally commented on his name earlier this month on CNBC for $14 trillion of reparations for slavery. He stated on “Squawk on the Street” that the query Individuals must be asking about reparations is: “Why should not we do that?””As a enterprise particular person, I perceive how wealth flows. The wealth from reparations is a payback from the wealth that got here from slavery,” Johnson stated, contending that the wealth created by slave labor has multiplied over generations with out the individuals who generated it ever receiving compensation. “Reparations is solely a means of transferring again to African Individuals what was stolen from them from slavery by Jim Crow, segregation and racism.” Here is a duplicate of the letter Johnson despatched to Black Lives Matter on June 17:TO: Black Lives Matter Leaders and SupportersFROM: Bob Johnson, Founding father of Black Leisure Tv (BET) and The RLJ CompaniesDATE: June 17, 2020RE: The Formation of An Unbiased Black Political PartyI am writing to you with a suggestion that Black Lives Matter (BLM) take into account establishing a proper unbiased political occasion. The occasion could possibly be based on the precept articulated by the founding members of the Congressional Black Caucus in 1971. That formative precept acknowledged, “Black folks haven’t any everlasting associates, no everlasting enemies.…simply everlasting pursuits.” The hassle to create an unbiased Black occasion, created particularly to handle Black points, shouldn’t be a brand new concept amongst Black folks. There are various folks, each Black and white who imagine that unbiased events could make a major contribution to the present political system as to how this nation of 300 million numerous residents might be ruled in one of the best curiosity of all Individuals. Many pundits will attempt to persuade you that it’s not possible for unbiased events to exist on this nation. They may argue that the American folks appear to be glad with simply two decisions. On the contrary, I imagine a politically astute and structured Black unbiased occasion, dedicated and engaged within the electoral course of, can show them incorrect.I’m assured on this assertion as a result of BLM has, in a way not seen for the reason that civil rights motion, successfully mobilized and passionately motivated folks, Black and white, to hitch in and assist your righteous struggle towards racial and financial injustice, significantly on the matter of unjustified police killing of Black folks. Your trigger has triggered a decided response calling for change, heard not solely in America, however all over the world.Black Lives Matter, by establishing an unbiased political occasion can develop into a drive devoted to advancing the everlasting pursuits of 40 million Black Individuals on this nation. BLM is endowed with the hope and confidence of youth, fortified with the information of what’s incorrect and what have to be made proper, and has the braveness to problem energy, it doesn’t matter what the danger. The aim of this memo is to encourage you to harness these forces and take into consideration what you have got ignited and the way it can and will, by the political course of, trigger America to actually reside as much as its perception in American exceptionalism and its promise of the American Dream for all.