New York City Mayor Zohran Mamdani is pointing to stark racial wealth disparities — including a gap of more than $180,000 between White and Black households — to justify expanding diversity initiatives, raising taxes and cutting police positions.
Mamdani last week released a 375-page “Preliminary Racial Equity Plan” that argues systemic racism is a key driver of those disparities, with White households holding more than $200,000 in median wealth compared to less than $20,000 for Black households…