> Honestly, my major problem with wealth inequality is not that rich people get to have money; it's that wealth concentration leads to power concentration. That

> Honestly, my major problem with wealth inequality is not that rich people get to have money; it's that wealth concentration leads to power concentration. That's not healthy for democracy. This is probably extremely controversial, but I say go ahead and collect a wealth tax and then burn everything you collect. It's not about the budget, it's about limiting the power of billionaires and the corporations they control. There are probably better ways to accomplish that goal, but a wealth tax is at least a start in the right direction. I'm not totally convinced by this. in fact, I'd argue the opposite: wealth is the result of power, not the cause. consider jeff bezos; I'm sure we would all consider him a powerful man. is he powerful because the shares he holds are worth $200 billion (on paper), or is he powerful because he controls one of the largest companies in the world? here's a thought experiment. suppose there was an asymptotic tax that limited net worth to a maximum of $1 billion, so jeff bezos would only have 0.5% of his current assets. how much would his power be diminished? I tend to think his status as the founder and CEO of amazon would put him in a pretty similar position.