While much attention is focused on income inequality in the US, a much more glaring discrepancy exists with wealth. On average, the average Black person has just 13% of the wealth of the average white person. This is because most people’s wealth is tied up in their homes but for the longest time, Black families were denied access to buying homes due to racist polices. such as real estate covenants that prohibited the sale of homes to them, that were aided by federal, state, and local governments. As a result, they could not build up their assets and pass them on to their children, which is how much wealth is accumulated.
John Oliver looked at this situation and points out that when it comes to this particular issue, the individual cases of harm done to Black people is quite clear, with some of the victims still alive, which makes the remedy of reparations to right the wrongs, also clear.