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Racism & Wealth

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New York City Mayor Zohran Mamdani claims that a “long history of racism” in NYC is the reason why the “wealth of a median white household in the city is more than $200,000, while that of a black household is less than $20,000.”

IN FACT, inheritances account for only 11% of the median wealth gap between blacks and whites. Moreover, racial disparities in wealth, income, education, violence, and health are unassociated with racism and are strongly associated with leftist policies and mindsets, like these:

Because of the empirical fact that association does not prove causation, these connections cannot prove that leftist doctrines — like those embraced by Mamdani — caused these outcomes, but they open the door to this possibility.

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