The day the NFL and NBA requires black athletes to wear black bracelets to remind them of their 'black (genetic) priviledge'...is the day I'd be fine with the white folk wearing white bracelets.
That said...of course there has been white priviledge, cultural and demographic. What is more important re future societal relationships, is A COLORBLIND LAW and policy. Just like on the football field or bb court. Any thing else would be racist. problematic, counter-productive and ultimately harmful.
MLK solved this riddle way back. Character over color...reward based on personal merit.