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It could be argued that income inequality is a much greater source of problems for society.

• charlesdm 9y ago
  Not really. Wealth inequality is a problem. Income inequality not so much. Whether someone makes $100k a year, or $500k, or even $5M a year is irrelevant. In the grand scheme of things, even $500m is pocket change. The problem is with major wealth holders, e.g. people or families with assets in excess of say $1bn, who generate disproportionate gains when held to the effort they put in. Making $50m a year with $1bn isn't hard. I can do that. But those people don't spend that $50m in extra gains. It accumulates. And you get a massive snowball effect. Compound interest is great and a pillar of capitalism, but past a certain point it can get problematic.
  • pimmen 9y ago
    In Norway and the rest of Scandinavia (Swedish here) you get data on all the income, even capital gains. Even some benefits that you have to pay taxes on is included here.
    • petre 9y ago
      The capital gains can be offshored, so it won't be in Scandinavia and the ones benefiting wouldn't pay taxes there but rather small change in the Bahamas or Cayman Islands. People with lots of wealth are used to this or they can definitely afford to pay someone who is.