Multigenerational wealth makes white Americans richer than black Americans

I looked it up. It’s way more: $5.4 million. And $11 million if you inherit something from your parents and have a good accountant. Though apparently some states do tax differently.

True, but it’s the big one. I’m confident if you took asset inheritance away it would totally change things. Of all America’s vices, it holds the worship of money dearest. Besides, money allows for other things to be transmitted.

Call it optimism. You can tax money. You can’t tax introductions to your dad’s golfing buddies.

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