Social Security reform is the key to closing the black/white wealth gap

By Star Parker

Published August 31, 2013 4:00am ET

Social Security reform is the key to closing the black/white wealth gap — Social Security takes 12.4 percent annually from just about every income earner. The employee pays 6.2 percent directly, and their employer contributes the other 6.2 percent. (Thinkstock Image) | Mahmoud Kabalan

One potential benefit that can come from last week’s March on Washington 2013, which commemorated the 1963 civil rights event, is the various data publicized about the current state of economic affairs of black America vis-a-vis the rest of the country.

In particular, it has been an eye opener for many to see how little progress has been made over the last 50 years in closing the economic gap, on average, between blacks and whites.