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
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      6 months ago

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

        • @AbouBenAdhem
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          6 months ago

          Right.

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

          • @[email protected]
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            26 months ago

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

            • @AbouBenAdhem
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              26 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.