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It's not a mystery at all. But that does not address the wealth inequality. It just provides bare necessities to the poor (which is a great thing, it's just n
by nightski 7y ago
It's not a mystery at all. But that does not address the wealth inequality. It just provides bare necessities to the poor (which is a great thing, it's just not what I was talking about).
- jandrese 7y agoTaking money from the top of the wealth gap and putting at the bottom seems like it should reduce the gap by simple mathematics.
- nightski 7y agoI just don't feel that is the case. Because money given to a poor person will likely be spent on essentials, not saved. The wealth tax will likely be less than what a wealthy person makes in capital gains/dividends each year so meanwhile their fortunes are growing. So while it definitely helps the poor, it's not going to tighten that gap. Something more fundamental needs to be done with corporations and how disproportional the rewards are to the owners/shareholders and the employees themselves. I have no idea what this would actually look like though.