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"Some mechanism" is called simply taxation. In 1944, the top income tax bracket in the USA was 94 %. Nowadays you'd also need a wealth tax to deal with the perv
by Nemo_bis 2y ago
"Some mechanism" is called simply taxation. In 1944, the top income tax bracket in the USA was 94 %. Nowadays you'd also need a wealth tax to deal with the perverse incentives caused by past accumulation of stock.
https://en.wikipedia.org/wiki/Income_tax_in_the_United_States#Income_tax_rates_in_history https://en.wikipedia.org/wiki/Income_tax_in_the_United_State...
https://www.newyorker.com/magazine/2020/03/09/thomas-piketty-goes-global https://www.newyorker.com/magazine/2020/03/09/thomas-piketty...