Canceled student debt and stock incentives cannot close the wealth gap.

Evidence

In other words, all tax-free gifts are not created equal. When we look at the tax treatment for inheritances, it becomes clear why simply canceling student loan debt or encouraging black families to invest in stocks won’t solve the problem. When black families use the tax advantage created by the gift exemption but give the money to their parents to use for necessities instead of their children to use for investing (including in education or real estate), both parents and children are disadvantaged when it comes to building wealth. — Dorothy A. Brown, The Whiteness of Wealth, 471