> The question of how income is distributed is absolutely central to our standard of living. The question of how wealth is distributed is not totally unimportan

> The question of how income is distributed is absolutely central to our standard of living. The question of how wealth is distributed is not totally unimportant, but it’s more of a secondary concern. Is the conclusion of the article. Not sure where commenters here are getting the "he's saying we cant tax!!?!?" angle from. The point is that taxing 100bn USD of wealth by 1% doesnt thereby net you 1bn USD, nor is it even uniformly possible for all kinds of wealth, nor is it repeatable.