NYC mayor cites $180K racial wealth gap to justify taxes, police cuts

NYC Mayor Zohran Mamdani cites a $180,000 racial wealth gap between White and Black households to justify expanding diversity initiatives, raising taxes, and cutting 5,000 NYPD jobs. His 'Preliminary Racial Equity Plan' aims to address systemic racism through policies targeting income, housing, and education disparities, but faces criticism from conservatives and the DOJ for alleged racial bias.