White Families Are Engines Of Inequality
“White families are twice as likely to be millionaires as they were a generation ago. The richest 100 families control more wealth than all the black people in the U.S. The list of the 10 richest families in the U.S. looks like an L.L. Bean catalog: White people are everywhere. The bootstrap lie would have you believe that these 10 families worked harder or smarter than everyone else and that’s why they have so much wealth. But the current members of the 10 richest families didn’t earn all that money themselves. All 10 are on that list because they inherited wealth from a rich, white forebear.”