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Robert Francis O'Rourke: Take Money From White People And Give It To Black People

Jeff Katz
May 13, 2019 - 3:31 pm

2020 presidential candidate Beto O'Rourke this week revealed a plan to address racial income inequality: redistribute wealth from white, rich Americans to poor black Americans.

In response to one attendee who was asking how he would seek to fix economic disparity, O'Rourke said:

"One very obvious opportunity — but it will be insufficient. When we look at the fact that there's 10 times the wealth today in white America than there is in black America, and that families have been able to successfully pass on that wealth over time."

He continued:

"We know from our history of redlining and excluding African Americans from the ability to build wealth through home purchases, that opportunity does not exist for much of the country."

"What if in the tax code we did a better job of breaking down that accumulated wealth, of taxing it so it is not producing the greatest income and wealth inequality that we've seen in our lifetimes, unseen since the Gilded Age of the 19th century? What if we decided that we would use the proceeds to invest in people, in education."