> you do it by taxing the rich, you wind up hobbling and punishing your most productive citizens. Look at China's economic situation right now to see how ultima

> you do it by taxing the rich, you wind up hobbling and punishing your most productive citizens. Look at China's economic situation right now to see how ultimately unproductive that can be. It speaks volume that we assume that China's rich, who largely earned their wealth through nepotism and party connections are a unfairly taxed meritocratic elite. the golden years of Western society happened during a period of intense competition with a socialist system , that resulted in large scale copying of socialist redistribution policies(unions, state controlled monopolies etc) without any decay of complexity always assigned to those policies. And many democrcies have now majorities of "rebellious" retro movements that try to reenact that past without grasping the core. Liberal free market always decays to gilded ages, decays to retro rebellions or a retry of socialism, resulting in a redistributing period. The liberal part of the policy loop has run its disastrous course. And It has produced very little, for the titanic scale it's been scaled too. A crispy planet for a electronic opiate system for everyone.