The NAACP resorts to extortion

The NAACP, a once-great civil rights organization, will now devote itself to extorting money from corporations whose predecessors it thinks can be tied, in some fashion, to slavery. The extortion tactics are described by the Washington Times.
The money will come from shareholders who had nothing to do with the “peculiar institution,” and whose ancestors probably didn’t either. In many cases, the ancestors weren’t even in this country during the time of slavery, and themselves suffered from various forms of discrimination when they arrived here.
The money will benefit individuals who were never slaves and whose parents and grandparents weren’t either. These individuals cannot show that they are worse off today than they would have been if, for example, a southern bank had not owned 100 slaves for a time as collateral on a loan. Nor can these individuals show that they are worse off today than they would been if the institution of slavery as a whole had not existed.
Moreover, these individuals presently are the potential beneficiaries of racial discrimination through public and private race-based preferences in college admission, employment, government contracting, etc. For all of the talk of “diversity,” these preferences are best viewed as a form of reparation. The case for demanding that corporations chip in money on top of this is non-existent.