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> This isn't even a solution to wealth inequality so I think your question isn't relevant. Wealth inequality is a complex problem and you can't fix it by just t
by danny_codes 5y ago
> This isn't even a solution to wealth inequality so I think your question isn't relevant. Wealth inequality is a complex problem and you can't fix it by just taxing people more.
Why not? Redistributive wealth tax seems like a reasonable way to accomplish this, along with raising marginal tax rates, closing tax loopholes, and a 100% inheritance tax. Use the excess money for direct investment in material infrastructure, social benefits, and (most importantly) education, and I would imagine the wealth distribution would look quite different in 20 years.
We design the economic system we live in. We can change it any time. Capitalism is a human invention: we create the rules to the game. This isn't some law of physics or some truth of the universe.