I think a version of this video that used a semilog plot [1] for wealth, included specific suggestions for how to overcome economic inequality (like [2]), and skipped the snarky tone would be useful. I am all for reducing economic inequality, but found this video annoying and not useful.
Isn’t this shape just the inevitable outcome of the more sane distribution from 50 years ago if you simply add time + compound interest? Wouldn’t it be more surprising if wealth didn’t grow faster based on how much wealth you already have?
My solution: Every year we identify the wealthiest individual and liquidate their assets to redistribute through UBI. To be honest, they likely have the network and skill set to immediately bounce back and this policy only impacts a single individual every year. Plus it makes being ultra wealthy a more interesting game, where you'd want your investments to do well, but not too well.
Does the same happen for the government and other organizations, or just natural persons? Are there other organizations besides the government you will exempt?
After everything has been equalized, how much (about) will everyone have, and would that be enough to invest in something as simple as an ice cream machine?
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[ 441 ms ] story [ 120 ms ] threadhttps://worldhappiness.report/ed/2024/happiness-of-the-young...
[1] https://en.wikipedia.org/wiki/Semi-log_plot
[2] https://taxjusticenow.org/
Maybe draw a line where society can create millionaires and hundred millionaires but not billionaires.
Does the same happen for the government and other organizations, or just natural persons? Are there other organizations besides the government you will exempt?
After everything has been equalized, how much (about) will everyone have, and would that be enough to invest in something as simple as an ice cream machine?