President Joe Biden has used the word “equity” frequently in his statements and executive orders.
The dictionary defines “equity” as “the quality of being fair or impartial.” The word also means “ownership”: stocks are “equities,” for example.
However, Biden uses “equity” to mean something far more radical.
Biden defined the term “equity” on his first day in office, in the “Executive Order On Advancing Racial Equity and Support for Underserved Communities Through the Federal Government”:
The term “equity” means the consistent and systematic fair, just, and impartial treatment of all individuals, including individuals who belong to underserved communities that have been denied such treatment, such as Black, Latino, and Indigenous and Native American persons, Asian Americans and Pacific Islanders and other persons of color; members of religious minorities; lesbian, gay, bisexual, transgender, and queer (LGBTQ+) persons; persons with disabilities; persons who live in rural areas; and persons