America prides itself on being perceived as a meritorious country, and to a certain degree it is, yet, because America has existed for well over 200 years, we have become a country that passes on its legacies from one generation to the next on this soil, of which, some of these legacies are simply the stories, principles, and memories that we all communicate from one to another, as well as for some families, material assets that are passed onto the younger generation, and it is these material inheritances which account for a significant reason as to why certain people and certain classes of people are able to have a significant leg up in comparison to those that receive little or nothing materially as their inheritance.
That is to say, most people make their money by their labor, in which wage earning statistics are broken down into all sorts of categories, from race to education to sexto location and so on and so forthWhat has perhaps surprisingly changed for those that classify themselves as white, is that in aggregate, Asian-American's median household income as reported by Wikipedia.com for 2015, absolutely crushes White-American's median household income in which Asians' are at $74,246 and Whites' are at $59,698, while Black-American's are at $36,544.
Further to the point, as reported by pewhispanic.org the median household income for Asian-Americans was greater than White-Americans in 1980, 1990, 2000, and 2010, yet as reported by stlouisfeg.org, using constant 2013 dollars, White-Americans had a median family household wealth of $130,102 in 1989, whereas Asian-Americans had a median family household wealth of $64,165 in 1989, and White-Americans had a median family household wealth of $134,008 in 2013, whereas Asian-Americans had a median family household wealth of $91,440 in 2013. For African-Americans in 1989 their median family household wealth was $7,736 and in 2013 was $11,184. This clearly indicates that White-Americans, despite making far less in household income than Asian-Americans still have a quite impressive advantage over Asian-Americans in median family household wealth, despite their significantly lower household income, and while the percentage gaps have been closing between all races v. White-Americans over the last twenty-five years for the median family household wealth, White-Americans despite having far less college education in aggregate v. Asian-Americans, still lead the pack.
This gap in median family household wealth in favor of White-Americans can only be explained logically by one factor, which is the amount of inheritance that one family generation passes onto its progeny. This then reflects that White-Americans in aggregate, begin their life with an inherited advantage over all other races in America, which, makes it far easier for them to enjoy, buy, and maintain the material assets that they so receive as well as to add onto this with the labor that they create in their own endeavors.
While we can applaud hard work and diligence, along with understanding that families have a need and desire to take care of their own, what isn't quite right, is that when politicians talk about eliminating the estate tax (aka the "death tax"), or reducing the impact of such a tax even further, they are essentially aiding and abetting the same favoritism for the same favored race, as has been done since America's inception, in which to continue such isn't fair, equal, just, or appropriate.