Where should society draw the line on extreme wealth? A fresh account sets out the logic and suggests how to redress inequality.

BOOK REVIEW

Where should society draw the line on extreme wealth? A fresh account sets out the logic and suggests how to redress inequality.

  • whoreticulture
    2·
    7 months ago

    I don’t understand, so is it like the lower the inequality, lower taxes for the wealthiest?

    • AbouBenAdhem@lemmy.worldEnglish
      3·
      6 months ago

      Right.

      If they can proactively reduce inequality, fine; otherwise taxation will do it for them.

      • whoreticulture
        2·
        7 months ago

        Interesting, but wouldn’t the lower tax rates that they earn end up counteracting the gains they made?

        • AbouBenAdhem@lemmy.worldEnglish
          2·
          7 months ago

          Partly—but depending on how much you want to prioritize redistribution vs revenue, you could adjust the tax/Gini curve to set the equilibrium wherever you want.