Of course. Afaik there are no numbers we could use to estimate the effect on GDP of such redistribution. We could indeed hypothesize that GDP would increase du

Of course. Afaik there are no numbers we could use to estimate the effect on GDP of such redistribution. We could indeed hypothesize that GDP would increase due to poorer people having more to spend. On the other hand, in this scenario the successful business owners no longer earn outsized reward for their risk, so perhaps entrepreneurship and innovation is stumped. It’s very hard to predict the effect on GDP