3 ms·
> I agree but how rich is too rich? Try an experiment: the current levels of richness may be too much, and we seem to be learning that through lived experience
by throw0101c 2y ago
> I agree but how rich is too rich?
Try an experiment: the current levels of richness may be too much, and we seem to be learning that through lived experience; it may be that we have to dial down the richness and if we go too in the other way we lift the restrictions.
As it currently stands, wealth concentration is at about the same level as in the Gilded Age:
* https://en.wikipedia.org/wiki/File:U.S._Pre-Tax_Income_Share_Top_1_Pct_and_0.1_Pct_1913_to_2016.png https://en.wikipedia.org/wiki/File:U.S._Pre-Tax_Income_Share...
* https://en.wikipedia.org/wiki/Income_inequality_in_the_United_States#The_Great_Compression,_1937–1967 https://en.wikipedia.org/wiki/Income_inequality_in_the_Unite...
So perhaps adjust tax rates to what they were from about 1950-70. Certainly there were other factors that helped prosperity (in the US) during that time period, but it's probably worth tweaking this variable.