This is partially correct, but the discourse around equality vs. equity has largely been tainted by bad-faith representations from right-wing, “classical liberal” types. The idea behind equity isn’t simple redistribution of opportunities and achievements from the top end to the bottom. It’s redistribution with the aim of constructing a meritocracy where the bottom doesn’t leave people unhoused, starving, and sick. This means more profits produced by labor going to laborers rather than owners, and more taxes funding public social infrastructure rather than imperialism or trickle-down policies. We’re not looking for an even distribution of opportunities or outcomes. We’re looking for a more natural, meritocratic distribution. Currently there are too many systemic barriers to economic mobility causing a stickiness at the ends for that to exist.