Tax policy rewards those already holding assets and punishes wage earners

Evidence

However, there’s another key piece of the puzzle: how tax policies around investments, assets, and inheritances pave the way for wealth accumulation across decades and generations. If you can obtain any kind of financial security blanket—whether it’s a home in a predominantly white neighborhood, an investment account, or even an inheritance—tax policy works to help you preserve and pass along that security to your children or grandchildren. But if you can’t obtain it, you’re out of luck—and probably paying even more in taxes on your wage income than an investor is on their stock portfolio. — Dorothy A. Brown, The Whiteness of Wealth, 427

Categorization

• SEED: Core thesis sentence: the mechanism that makes race-neutral tax provisions race-biased is unequal starting position joined to asset-favoring policy.