For example look at Plots 11.12 to 11.15 here[0], which show an inverse correlation between growth and inequality and a direct correlation between tax rates and

For example look at Plots 11.12 to 11.15 here[0], which show an inverse correlation between growth and inequality and a direct correlation between tax rates and inequality. There are some pretty simple arguments that would justify this: one individual with 20 times the average income is going to spend less than 20 individuals with the average income. Note that I'm not arguing for some Soviet-level of extreme equality, I'm just saying that the US in the 60s or Sweden from WW2 onward are much healthier economies than Europe during the Belle Epoque or the US nowadays. [0] http://piketty.pse.ens.fr/files/Piketty2019GraphiquesTableauxLiens.pdf http://piketty.pse.ens.fr/files/Piketty2019GraphiquesTableau...