His arguments on taxes simply don't hold water. Income inequality is expanding because those at the very top either pay taxes much lower than all others (HF, P

His arguments on taxes simply don't hold water. Income inequality is expanding because those at the very top either pay taxes much lower than all others (HF, PE, VC) or just don't pay taxes at all (AAPL). The other problem with income inequality is simply interest rate related. If you look at all asset classes over the last 30 years, real estate gains have far outpaces every other asset class. Real estate prices are very sensitive to interest rates. If the Fed keeps raising rates, the value of these real estate holdings will go down and well inequality will reverse itself somewhat. To do that significantly, I think we need Fed Funds at 5-6%. I don't see that happening for a long time, though. Another longer term trend which may help wealth inequality reverse itself is global warming. The global elite own a disproportionate portion of coastal real estate. With rising ocean levels these assets will be wiped out.