I think a better way would be the change the game so it wasnโt so easy to game the system the more wealth you accumulate.
Pension funds are tied up in stocks so folks are incentivised to pour ever increasing amounts into fewer stocks, the more wealth you have, the cheaper the access to capital, itโs a feedback loop that doesnโt actually include making a good thing that people find use for, itโs a lot of financial gaming.
Last time I asked about a loan, I was quoted 19% apr. Imagine if that was the cost of capital for Musk/Saylor/Whoeverโฆ
I take the point and the unhealthy balance is what leads to major disruption, riots, revolutions etc. I figure thatโs part of the reason the ultra rich are building hideout complexes or trying to leave planet earth rather than environmental risks. Thereโs a fear that this will bite them in the arse soon enough.
Tax the rich sounds is an easy slogan (and effective), I wouldnโt trust my countryโs government to redistribute fairly, just enrich themselves and those close to them.
Something has to giveโฆ