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> Fixing wealth inequality doesn't necessitate throwing out the entire legal and economic system we have I don't think anyone's suggesting that. More likely th
by nicoburns 4y ago
> Fixing wealth inequality doesn't necessitate throwing out the entire legal and economic system we have
I don't think anyone's suggesting that. More likely they are advocating for higher taxation on the highest earners and perhaps on the largest businesses (notably, we already had this in the 60s/70s/80s). This would leave us with largely the same economic system, except with a counterbalance to a key a flaw in the current setup: that in a given time period, those who already control capital can typically turn that into more capital with much less effort than those who don't start out with that capital.