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I agree that wealth inequality is a problem, and I fully support billionaire taxes and wealth caps. If we were to take all that stored wealth and redistribute i
by alisonatwork 3y ago
I agree that wealth inequality is a problem, and I fully support billionaire taxes and wealth caps. If we were to take all that stored wealth and redistribute it equally amongst the rest of the world, each person might get around US$10000. That would provide enough to take everyone currently living in absolute poverty out of it for a decade or so. Would that solve child labor? Perhaps. Would it allow Americans to afford a house and car and freedom from work for 4 out of every 5 people? I don't think so. So I think the problem is bigger than just the inequality between the fantastically wealthy and everyone else, if the goal is for everyone to have the "golden age" lifestyle.