LogFAQs > #905969192

or for another instance of a weakness I see in the article:

he cites a study which shows that only 5 percent and 27 percent of the racial wealth gap are explained by family inheritance and homeownership respectively

however, that report itself notes that the second biggest driver of the wealth gap is differences in family income which are themselves only relevant because black homes have much lower savings

At the respective wealth
medians, every dollar increase in average income over the 25-year study period added $5.19 wealth13 for white
households (see Figure 3), while the same income gain only added 69 cents of wealth for African American
households.

The statistics cited above compare change in wealth over the 25 years at the median wealth for typical white and
black households. Yet we already know that the average white family starts out with abundantly more wealth and
significantly higher incomes than the average black family. When whites and blacks start off on an equal playing
field with a similar wealth portfolio, their wealth returns from similar income gains narrow considerably. Black
families under this scenario see a return of $4.03 for each dollar increase in income a considerable closing of
the wealth breach.

so the 5% of the wealth gap attributable to family savings and inheritance is only after you price out the interaction between income and wealth

if you didn't do that then you would see that wealth + income explains a combined 25% of the racial wealth gap (and they handle unemployment separately, even though that has obvious implications for income, so you might argue it would be higher)

idk I just didn't find the argument very compelling when I looked at the things he was citing
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