Yes, and it has worked like this before. Back in the 50’s, 60’s, and 70’s, when the system was designed to benefit white working class people the taxes on the wealthy was used to create a middle class. Once black people (and in time brown people) were able to benefit from these programs because the government couldn’t be overtly racist. These taxes and programs were cut. Overtime this has meant there was always a smaller black middle class but the white middle class got gutted too. Cacs have always been good with it because of their hatred of us they are willing to suffer happily.
What we’re seeing in DC now is a push to make black and white people into serfs and indentured servants and once again the majority of white people (and dumb minorities) are ok with it because they think Trump is hurting immigrants and black people.
The reason Mamdani is very existence is angering politicians on both sides is he is going against a 40 year trend of the wealthy being engorged by society and everyone accepting it because they assume black people (and now immigrants) will be starved the most.