It then does not make sense to allow wealth to be held by so few in an economy. How do we correct this now? Is it possible to do without active redistribution? I don’t think so but this needs to be discussed and then acted on . . .

There is a larger question, however, that renders your questions rather moot. I highly doubt that an “active redistribution” could be enacted to the extent that it would address the inequality problem that would not fall afoul of one of three mitigating problems:

  1. Capital flight.
  2. Constitutional legality
  3. Creating an economic malaise that counteracts the intended effects of the redistribution. (When the economy is slow or recessive, inequality increases at a faster rate than when it is robustly growing.)

In my view, there’s no government driven solution here. The “solution” is a robust economy.

Written by

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

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