The Money Issue
Rethinking Wealth, From Birthright Capital to Big Spender Taxes
Academics and analysts on how to make society more equitable.
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Bloomberg Businessweek’s special Money Issue is a survey of how global wealth is distributed, spent, fought over, and invested. But the borderlines of wealth aren’t fixed—here are a few proposals from people who’d like to redraw them.
There’s a large racial wealth gap in the U.S.: Federal Reserve data show that the median white family has $171,000 in wealth. That’s about $150,000 more than the $17,600 of the median black family. These numbers include home equity.