Treasury Department Drafts in Anti-Capitalist to ‘Reform Capitalism’

A brand new committee created by The Treasury Department called the Treasury Advisory Committee on Racial Equity now aims to ‘reform’ capitalism.

As The Daily Fetched reported on Wednesday, Treasury Secretary Janet Yellen unveiled the members who will advise the agency on how “to advance racial equity in the economy and address acute disparities for communities of color.”

The two committee members, Felicia Wong and Lorella Praeli, head four nonprofits that received over $15.7 million from George Soros’ OSF network between 2016 and 2020.

Wong is the author of several reports, making her more suitable to work for Communist dictatorships.

“True equity means equity of outcome, and not accepting the promise of ‘opportunity’ within a system that continues to systematically exclude,” Wong wrote.

“It demands redistribution of resources—especially when wealth for some has been extracted from many — and a redistribution of decision-making power.”

Radicalization of The Treasury Department

A report co-authored by Wong titled “A New Paradigm for Justice and Democracy” argues that “all policy, from vaccine distribution to higher education funding to tax reform, will have racialized effects. Recognizing this reality, and always considering race in policy design, is therefore vital.”

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As Fox News reports:

Wong and the authors wrote that a “skills-based, opportunity-focused liberalism” is outdated and ignores systemic racism, and that “our mainstream politics has yet to recognize, prioritize, and make central the reckoning, race equity, and self-determination that a multiracial democracy would require.”

The report praised the idea of wealth redistribution in the name of racial justice and argued that “equity” means equal outcomes, not equal opportunities.

“True equity means equity of outcome, and not accepting the promise of ‘opportunity’ within a system that continues to systematically exclude,” Wong wrote. “It demands redistribution of resources—especially when wealth for some has been extracted from many—and a redistribution of decision-making power.”

The notion that “true” equity means “equity of outcome” is false. You might be able to achieve “equity of outcome” in North Korea but at what cost to freedom and human liberty?

Essentially, Wong is turning away from the credo of the United States, and it’s easy to see with the language she uses – “demands redistribution,” wealth “extracted,” redistribution of decision-making power.”

So, an ideology hostile to capitalism is used to ‘reform’ capitalism? Right.

“Any efforts to address inequality in the United States must account for the legacy of racial exclusion built into our economy,” said Wong in a Tuesday statement.

“I look forward to working with this distinguished group of leaders to propose ways to harness Treasury’s power and authority to redress these harms toward a more just and equitable future.”

Wong also ran investment services between 2006 and 2012 for the Democracy Alliance – a left-wing “network of donors” which received millions from Soros.