2 ms·
Barring legislative capture by the rich (which happens a lot because of their distortedly large influence) just taking money out of their pockets does a lot to
by zanny 7y ago
Barring legislative capture by the rich (which happens a lot because of their distortedly large influence) just taking money out of their pockets does a lot to remedy a lot of the negative consequences of such high inequality. They could tax the rich, straight pay off federal debt obligations, and society would be healthier for it.
Wealth inequality is more about the influence money has in both micro and macro-economic and social contexts than "I want what they have". Its no different than how other monopolizations work - the more of a supply you hold, the more distorted the market is around you. The same applies to money. Except money impacts all aspects of society, all markets - it gives you a greater voice in government, gives you influence over the lives of upwards of billions of people, etc. Just taking away that power from private individuals is often by itself a net positive for liberty.