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.

  • AbouBenAdhem@lemmy.worldEnglish
    3·
    7 months ago

    You wouldn’t—they’d have to work together. (Something they do seem capable of, when there’s profit in it.)

    • 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.