Inequality in the US is far worse than any comparable country, i. e. Western Europe, Canada, NZ, etc. All those countries have higher taxes and would be conside

Inequality in the US is far worse than any comparable country, i. e. Western Europe, Canada, NZ, etc. All those countries have higher taxes and would be considered to be more actively involved in the economy. Here’s a nice chart: https://images.app.goo.gl/WpcWjHghC5XTmYKn6 https://images.app.goo.gl/WpcWjHghC5XTmYKn6. It shows, among other things, that besides being too small overall, US tax policy does nothing to reduce inequality. That’s because it has seized to be a typical progressive tax regime. Instead, the top 1 % pay lower rates than the middle class. And the top 0.1 %, in turn, pay less than the 1 %: https://images.app.goo.gl/seh6KtpZ2GbQcH2AA https://images.app.goo.gl/seh6KtpZ2GbQcH2AA None of those countries is socialist, by the way. The closest is probably East Germany until 1990.