Socialist crap.
The number one way to bring true economic equality is to stop the Federal Reserve from creating money out of thin air, by which financial assets are bid up and the time-value of money is suppressed to near zero. If there is any unfairness, people who tend to hold large portions of their wealth in classes of assets that are financed by the Fed’s money-printing are boosted, and the entire nation must stand behind the resulting credit bubble.
Government must stop creating money by which it creates winners and losers. Money creation and interest rate manipulation also create the boom-bust cycle by which people who only have wage income suffer when they get laid off.
Do you remember when you were in school and people told you that school was preparing you for life? Well, the issue you point out is one of life's intelligence tests. Oh, no one calls it that, and they don't pass out paper and pencils for your answers, but the wise man puts his wealth in assets which tend to keep up with inflation.
Being able to recognize the intelligence tests that life challenges you with and being able to get the correct answers is very important.
If minorities insist that learning this skill is "acting white" they will never advance. The truth is that it is "acting wealthy". There are plenty of poor whites who did not pay attention in school...