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> Even if literally everyone made the exact same amount of income, the wealth distribution would look closest to the last one because older people would have mo

> Even if literally everyone made the exact same amount of income, the wealth distribution would look closest to the last one because older people would have more time to accumulate more wealth. There are plenty of other countries with old people. I disagree with what I read as your core argument, which is "It's going to happen anyway, so lets not fight it"

Aunche 4y ago
> There are plenty of other countries with old people. And literally all of them have a wealth distribution that looks like that last one. Say you lived in a place where everyone saved $10k a year and worked for 50 years. Then the bottom 10% would have an average of $25k saved, and the top 10% would have $475k saved. If you add a modest 3% rate of return on investment, that brings the top 10% to ~$1 million. Visually this looks closest to the last wealth distribution. Wow much inequality! Time to eat the rich! > "It's going to happen anyway, so lets not fight it" This is such a disingenuous interpretation of my comment. Telling you not to volunteer to be a footsoldier of a class crusade isn't saying that we should do nothing. If you have a good argument for why should increase the capital gains tax rate, and why the fears of it disincentivizing investment are overblown, I'm all for it.
- sangnoir 4y ago
  > And literally all of them have a wealth distribution that looks like that last one. Oh, really?! In spite the "high" taxes elsewhere (read Europe)? So why not rescind the billionaire tax-cuts in the US then and beef up the threadbare social safety-nets? Seeing taxes won't impede the "job creators" from accumulating disproportionate wealth.