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

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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·
    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.