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You shouldn't fine someone for the crimes of his father unless you are also willing to put him in jail for the crimes of his father... All you're doing is punishing them for what their fathers did. It's both de facto wrong and violates ex post facto. Why should I pay for something I never did to you and you never suffered through?
Just as we shouldn't have to pay inuit and native reparations. Actually, the inuit ones are ok.
I am not my ancestors. There is no reason I should bear their guilt.
The colonies should be paying Eroupe.
You pay reparations to those who actually suffered -- not dozens of generations later with no way to prove ancestry!