"...keep in mind this is the same guy who argued against a wealth tax." Everybody with a semblance of economic literacy should recognize that a wealth tax caus

"...keep in mind this is the same guy who argued against a wealth tax." Everybody with a semblance of economic literacy should recognize that a wealth tax causes a lot of problems for what little income it creates. It is a distraction. For the past decades, wealth inequality has been driven by asset price inflation, which is caused by the easy money policy required to finance government, corporate and private debt. If interest rates were raised significantly, trillions would disappear off the balance sheets of all the billionaires. Immediately, all of us would be "more equal". The dollar would appreciate, and purchasing power would be restored to the average wage earner. Buying a house would become feasible again. There's just one catch: Raising interest rates makes existing debt unservicable, causing a massive wave of bankruptcies and layoffs. At some point, even the US would have to default on its debt. The only way to avoid that would be to just print the money - and then we're back at square one.