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Eh, several countries have proven that monetary, tax, and welfare policy can absolutely reduce wealth disparity within a nation. The US is currently proving tha
by village-idiot 8y ago
Eh, several countries have proven that monetary, tax, and welfare policy can absolutely reduce wealth disparity within a nation. The US is currently proving that some policies can increase disparity.
Certainly major catastrophic events has a larger effect, but you don’t need one.
- jlawson 8y agoIs be interested in specific examples of these 'several countries'.
- village-idiot 8y agoDenmark and Canada come to mind. Both have flattened their inequality curve in the past decade or so.
- jlawson 8y agoCanada had a pro-business conservative government up until a few years ago. I don't have the numbers to say if any inequality curve was flattened or not, but if something did happen it seems very unlikely it was a result of policy. Denmark and Canada also share a property: They are small (population-wise) nations with heavyweight neighbors. Any effect you see is likely to be totally confounded by interactions with those neighbors. E.g. Canadian billionaires may tend go to America, so Canadian inequality "falls". But obviously this isn't doable for the world as a whole.