Zohran Mamdani Proposes Taxing 'Whiter Neighborhoods' in NYC

[TacosUberAlles]

123. I don't know if I even want to wade into this discussion

Reading the replies is 🤐

I think context & nuance is important here. You really should've added in "richer and...."
I feel that's a very important part of the article which would clear the air entirely & not have people going bonkers.
For me, I understand it a lot better when that part is added because the fact is, let's be honest, the people who are wealthy do tend to be white. When we break it down the demographics of wealth in the United States, it shows massive glaringly significant disparities among racial groups.

I wish Mumdani would have brought up reparations which I do fully support.

A) Household Wealth: As of 2024, households with a white householder made up 65.3% of all U.S. households and held approximately 80.0% of all wealth in the country.

B) Billionaires: Among billionaires, about 65% are white. This demographic also tends to be predominantly male, with 90% of billionaires identifying as male.

C) And this is really staggering......Wealth Distribution: In previous years, white households owned around 85.5% of the total wealth, while Black households owned about 4.2% and Hispanic households owned approximately 3.1%.

Sources --

https://www.census.gov/library/stories/2024/04/wealth-by-race.html

https://www.pewresearch.org/2023/12/04/wealth-gaps-across-racial-and-ethnic-groups/

https://www.brookings.edu/articles/ten-facts-about-billionaires/

https://usafacts.org/articles/white-people-own-86-wealth-despite-making-60-population/

https://ncrc.org/whites-and-the-racial-wealth-divide-snapshot/