A bit of inequality is good. A lot of inequality is bad. If you let inequality grow, due to the way capital begets capital and wealth concentrates you end up w

A bit of inequality is good. A lot of inequality is bad. If you let inequality grow, due to the way capital begets capital and wealth concentrates you end up with increasing inequality till a few people (let’s call them kings) own 99% of the wealth, and the rest of the people (perhaps we could call them serfs or dead souls) live hand to mouth on very low income. This is why we have progressive taxes, but those don’t work so well because you can entirely avoid income tax if you have enough capital. IMO we should tax income a bit less and capital a bit more.