A wealth tax could close the country’s wealth gap from the top, and the universal social programs it helps fund could go some way to closing the wealth gap at the bottom. But more targeted redistributive measures, like reparations, may be needed to completely close the gap between blacks and whites, argues William Darity Jr., a professor of public policy at Duke University. He told The Times:
That’s an objective that is not achieved by any of the existing policies on the table now. Ultimately, you need a person-based program if you’re really concerned about the racial wealth gap. And it not only has to be person-based, but it has to be race-specific.”
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