BOOK REVIEW
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.
Right.
If they can proactively reduce inequality, fine; otherwise taxation will do it for them.
Interesting, but wouldn’t the lower tax rates that they earn end up counteracting the gains they made?
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.