Biden Tax Hike, Because.... Why?

Biden Admin Justifies Tax Hike Based On Racial Criteria
The Biden administration’s analysis of its revenue proposals for fiscal year 2025 arguestargeted tax hikes that disproportionately affect white people would ease racial wealth inequality.

Increasing taxes on capital gains and income-based wealth would reduce racial wealth inequality for black and Hispanic families, the Treasury Department outlined in the analysis published in mid-March.

The Treasury points out that white families disproportionately hold assets subject to capital gains tax or are in a higher tax bracket, meaning a hike in those taxes would benefit black and Hispanic families.

https://www.msn.com/en-us/money/mark...6ac14a8d&ei=10
According to the Federal Reserve Bank of St. Louis, in 2024, Black families still only owned about 24 cents for every $1 of white family wealth.Therefore, supporters argue that higher capital gains taxes could contribute to addressing this longstanding disparity.
https://www.msn.com/en-us/money/mark...a8a2c441&ei=13
Take that rich white people!

It's a hot night. The mind races. You think about your knife: the only friend who hasn't betrayed you, the only friend who won't be dead by sunup. Sleep tight mates, in your quilted chambray night shirts.