Vice President Joe Biden used a Black History Month event at his official residence Monday night to decry the rich, both white and black, for stunting economic growth and suggested that “emancipation” is in order.
“A lot of wealthy white and black people aren’t bad but they control 1 percent of the economy and this cannot stand,” Biden told about 100 guests, including past civil rights activists and NBC weatherman Al Roker.
“It’s not fair because the business experts are saying that concentration of wealth is stunting growth. So let’s do something that’s worthy of emancipation,” said Biden, according to a press pool report of the event.
Then, explaining the impact of Civil War era emancipation, Biden concluded, “What happened is not only did we move toward freeing black Americans but also the conscience of white Americans.”
The White House has made income inequality an issue for the last two years of President Obama’s second term in office. (Read more from “Joe Biden Calls for Emancipation of Wealth” HERE)